Smart Mobility Market
Report ID: SQMIG25A2467
Report ID: SQMIG25A2467
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Report ID:
SQMIG25A2467 |
Region:
Global |
Published Date: July, 2025
Pages:
191
|Tables:
93
|Figures:
73
Global Smart Mobility Market size was valued at USD 80.04 Billion in 2024 and is poised to grow from USD 96.76 Billion in 2025 to USD 441.69 Billion by 2033, growing at a CAGR of 20.9% during the forecast period (2026–2033).
Rapid urbanization creates demand for advanced transport systems to solve problems such as rising traffic. Increasing concern about the environmental impact of carbon emissions and the need to reduce them is underway to use sustainable transport alternatives. Changing consumer preferences for convenience, efficiency and stability further contributes to the demand for smart mobility solutions. The cost-effectiveness of these solutions further appeals to both businesses and individuals, offering significant savings while enhancing overall transportation efficiency.
Furthermore, there is a strong emphasis on enhancing road safety and ensuring seamless, dynamic user experiences by leveraging advanced technologies such as driver assistance systems. These factors form the overall development and use of smart mobility solutions in the market.
One of the key drivers of the global smart mobility industry is the rapid growth of the urban population, which places immense pressure on existing transportation infrastructure. Cities worldwide are witnessing an influx of residents seeking better economic opportunities and an improved lifestyle, resulting in increased traffic congestion. Smart mobility solutions provide innovative ways to manage urban traffic effectively through smart traffic management systems, using real-time data to adapt traffic flows, reduce crowds and reduce travel time. Additionally, these solutions play a crucial role in lowering traffic-related pollution, further propelling the growth of the global smart mobility market.
The biggest opportunities for growth in the smart mobility market are the growing demand for electric vehicles (EVs) & the need for supporting charging infrastructure. The production and implementation of autonomous vehicles (AVs) creates opportunities for technology companies and transportation service providers. Mobility-as-a-Service (MaaS) platforms offer integrated mobility solutions, creating opportunities for flexible transportation experiences. The deployment of connected infrastructure and intelligent transportation systems (ITS) provides avenues for optimizing transportation efficiency.
Market snapshot - 2026-2033
Global Market Size
USD 66.2 billion
Largest Segment
Ride Sharing
Fastest Growth
Car Sharing
Growth Rate
20.9% CAGR
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Global Smart Mobility Market is segmented by Solution Type, Transport Mode, End User, Technology and region. Based on Solution Type, the market is segmented into Integrated Mobility Platforms, Smart Transportation Solutions, Connected Vehicle Solutions, Mobility as a Service and Traffic Management Systems. Based on Transport Mode, the market is segmented into Public Transport, Private Transport, Shared Mobility, Electric Vehicles and Rail Transport. Based on End User, the market is segmented into Government, Transportation Service Providers, Fleet Operators, Corporate and Individuals. Based on Technology, the market is segmented into Internet of Things, Artificial Intelligence, Blockchain, Big Data Analytics and Cloud Computing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per global smart mobility market analysis, the ride sharing segment dominated the market and held the largest market share in 2024. Today, more than 4 billion people live in cities. By 2050, the United Nations (UN) estimates that this number will grow to 6 billion (70% of the world population) and that cities will account for 85% of the world’s economic output. This expansion is having a critical impact on urban transport systems. While urbanization and economic growth continue, around half of the world’s population currently has convenient access to public transport. Moreover, the growing penetration of internet connectivity and smartphone technology has boosted the growth of ride-sharing platforms, making them more accessible to a broader consumer base.
As per the global smart mobility market forecast, the Internet of Things (IoT) technology is expected to experience significant growth, with the largest CAGR during the forecast period. This is due to the progress in machine learning and artificial intelligence, the emergence of smart cities, and interconnected supply chains, making the potential for IoT almost limitless. The latest trends suggest that IoT technology can help address global challenges such as traffic and blockage issues. According to industry studies, cities that adopt smart-mobility technologies could reduce travel times by an average of 15 to 20% by 2025. This projected improvement is expected to drive market growth during the forecast period. In January 2023, Omega Seiki Mobility (OSM), which is a part of the Anglian Omega Group, took a significant step toward green mobility by expanding its range of electric trucks and passenger vehicles. At the Auto Expo 2023, the company launched the new SCV OSM M1KA 1.0, India's first IoT integrated four-door electric passenger vehicle with a cosmic roof, as well as the industry's first air-conditioned electric passenger vehicle called 'KRAZE'. Also, the company introduced its new electric passenger vehicle 'MUSE'.
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As per the global smart mobility market outlook, the Asia Pacific region dominated the market during the forecast period, driven by rapid urbanization, economic expansion, and significant investments in smart city projects. Countries such as China, India, and Japan are leading the adoption of smart transportation solutions to manage increasing urban congestion and enhance mobility efficiency.
China is at the forefront of the smart mobility revolution, leading in EV production, high-speed rail networks, and AI-powered traffic management. The country’s aggressive push for electrification, coupled with massive investments in autonomous vehicle technology, has positioned China as a global leader in smart transportation. Government policies supporting carbon neutrality and infrastructure advancements are further driving innovation in mobility solutions.
India is rapidly advancing in smart mobility, with significant developments in electric public transport and intelligent traffic management systems. The Indian government’s Smart Cities Mission is driving the adoption of IoT-based traffic solutions, automated toll collection, and EV infrastructure expansion. With increasing investments in sustainable urban transport, India is emerging as a key market for smart mobility solutions tailored for high-density urban environments.
As per the global smart mobility market analysis, North America remains a key region in the market, supported by advanced technological infrastructure, regulatory backing, and high adoption rates of innovative transportation solutions. The United States and Canada are at the forefront of deploying autonomous vehicles, intelligent traffic systems, and shared mobility services, with government incentives accelerating the shift toward cleaner and more efficient transportation. The region’s strong focus on reducing emissions and enhancing urban mobility aligns with the global push for sustainable transport, ensuring continued market growth.
The United States leads the region with robust developments in autonomous vehicle testing, electric vehicle (EV) adoption, and AI-driven smart traffic systems. Major cities such as San Francisco and New York are deploying connected mobility solutions, including real-time public transport monitoring and smart parking systems, to improve traffic efficiency. Federal and state governments continue to incentivize EV adoption and infrastructure expansion, further driving market growth.
Canada is also emerging as a key player in the smart mobility sector, with a strong focus on sustainable transportation solutions. Cities like Toronto and Vancouver are implementing smart public transit systems that integrate data analytics and IoT for efficient operations. The Canadian government’s investment in EV charging infrastructure and green mobility initiatives is fostering a transition toward low-emission transport, positioning the country as a leader in sustainable urban mobility.
Europe is also a significant player, with countries such as Germany, France, and the UK actively investing in smart public transportation, electric vehicle integration, and shared mobility services. Europe's well-established infrastructure and government-driven initiatives further provide a favorable environment for smart mobility expansion, ensuring steady market growth in the coming years.
Germany leads the market with innovations in autonomous driving, EV infrastructure, and AI-based traffic management. The country’s automotive giants are investing heavily in smart vehicle technologies, and government-backed initiatives are accelerating the adoption of electrified public transport and intelligent mobility networks. Germany’s push for sustainable urban transport is setting new benchmarks for smart mobility solutions worldwide.
France is making strides in smart mobility by expanding its high-speed rail networks, electric bus fleets, and shared mobility services. Paris and other major cities are deploying AI-driven traffic control systems to reduce congestion and promote eco-friendly transportation. With strong governmental support for emission-free mobility and digital transport solutions, France is driving the adoption of smart mobility technologies to enhance urban connectivity and efficiency.
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Smart Mobility Market Driver
Increased Urbanization and Population Growth
Technological Advancements
Smart Mobility Market Restraints
Lack of Internet Penetration in Developing Regions to Hinder Market Growth
High Infrastructure Costs
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The smart mobility industry is highly competitive, with major industry players, startups, and technology firms striving to develop innovative transportation solutions. Leading companies such as Siemens, Bosch, and IBM are leveraging AI, IoT, and cloud-based technologies to enhance mobility efficiency, improve traffic management, and optimize shared mobility services. Meanwhile, automotive giants like Tesla and Toyota are integrating smart mobility features, including autonomous driving capabilities and vehicle-to-infrastructure (V2I) communication, to stay ahead in the evolving landscape.
How is AI Transforming the Smart Mobility Market?
AI is revolutionizing the smart mobility market by enabling autonomous driving, optimizing traffic management, and enhancing public transportation systems. With advancements in machine learning, predictive analytics, and real-time data processing, AI-driven mobility solutions are improving efficiency, safety, and sustainability in urban transportation networks. Autonomous vehicles are a key innovation powered by AI, allowing for safer and more efficient driving with features like adaptive cruise control, lane-keeping assistance, and self-parking capabilities. Companies are actively testing AI-powered self-driving cars and trucks, reducing human error and enhancing mobility solutions. AI is also transforming traffic management by analyzing real-time traffic patterns and optimizing signal timing to reduce congestion and travel time. Smart city initiatives are incorporating AI-powered analytics to improve public transit scheduling, predict maintenance needs, and enhance the overall commuting experience.
Which Startups are Driving Innovation in Smart Mobility Market?
Revel, founded in 2018 in the United States, is reshaping shared mobility by offering electric moped rentals and expanding EV fast-charging infrastructure, providing eco-friendly alternatives to traditional ride-hailing services. It operates an all-electric rideshare fleet and is building ultra-fast charging hubs across major U.S. cities, promoting sustainable urban mobility.
Ola Electric, founded in 2017 in India, is accelerating the adoption of electric vehicles (EVs) by producing affordable electric scooters and establishing a robust charging network. The company’s vision is to promote sustainable mobility and reduce dependence on fossil fuels. Meanwhile, Gogoro, founded in 2011 in Taiwan, is revolutionizing urban mobility with its battery-swapping technology for electric scooters. By creating a vast network of battery swap stations, Gogoro is making EV adoption more practical and efficient in densely populated cities.
Lilium, founded in 2015 in Germany, is pioneering the future of aerial mobility by developing electric vertical takeoff and landing (eVTOL) aircraft. With a strong focus on zero-emission air travel, the company aims to revolutionize city commutes and inter-city transportation. These startups are shaping the future of smart mobility by integrating cutting-edge technology with innovative business models, paving the way for a more connected, efficient, and sustainable transportation ecosystem.
What Emerging Technologies Will Drive Smart Mobility in the Next Few Years?
Short-Term Trends (1-3 Years): In the next few years, AI-powered navigation systems, real-time traffic analytics, and smart parking solutions will enhance urban mobility efficiency. The adoption of 5G-enabled vehicle-to-everything (V2X) communication will improve road safety and reduce congestion. Additionally, shared mobility services such as e-scooters, ride-hailing, and micro-mobility platforms will continue to expand, offering cost-effective and eco-friendly travel options.
Mid-Term Trends (3-5 Years): By the mid-2020s, the integration of autonomous shuttles and AI-driven fleet management systems will optimize public transport and logistics. AI and IoT will enhance vehicle connectivity, enabling predictive maintenance and seamless over-the-air software updates. Moreover, the expansion of electric vehicle (EV) charging infrastructure and the rise of battery-swapping technology will accelerate EV adoption, reducing dependency on fossil fuels.
Long-Term Innovations (5+ Years): Over the next decade, the shift toward fully autonomous vehicles (AVs) will redefine urban transportation, making ride-hailing and public transit more efficient and accessible. AI-driven traffic management systems will enable real-time adaptive control of traffic signals and road conditions. Additionally, hyperloop and urban air mobility (UAM) solutions, such as flying taxis, will emerge as futuristic alternatives for fast, congestion-free travel. These trends collectively indicate a future where AI, automation, and connectivity will drive a safer, more efficient, and eco-friendly mobility ecosystem.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the on-demand transportation service provides customers with passenger vehicles, taxis, and charter vehicles, offering flexibility and various features such as real-time vehicle tracking, feedback, and rating. Mobile applications are available to help users access the service and compare fares. As vehicle prices continue to rise, more individuals, especially urban-based corporate individuals, are turning to on-demand transportation options such as carpooling and cab services. Automotive manufacturers have been embracing EV technology and software-defined vehicles to meet the demands of this transformative era. They are harnessing requirements engineering and software testing to ensure the seamless integration of generative AI into every facet of product design and production. EV manufacturers are leading the charge in electrification, pioneering software and cloud-native engineering to usher in a new era of mobility.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 80.04 Billion |
| Market size value in 2033 | USD 441.69 Billion |
| Growth Rate | 20.9% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Smart Mobility Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Mobility Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Mobility Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Mobility Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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