Market Overview:
The smart mobility market is experiencing rapid growth, driven by rapid urbanization and congestion relief, strong push for sustainability and green mobility, and technological innovations and connected mobility. According to IMARC Group’s latest research publication, “Smart Mobility Market Size, Share, Trends and Forecast by Technology, Solution, Element, and Region, 2025-2033”, the global smart mobility market size was valued at USD 68.53 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 233.57 Billion by 2033, exhibiting a CAGR of 13.87% from 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
Download a sample PDF of this report: https://www.imarcgroup.com/smart-mobility-market/requestsample
Our report includes:
- Market Dynamics
- Market Trends and Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
Growth Factors in the Smart Mobility Market
- Rapid Urbanization and Congestion Relief
As cities keep expanding, urban populations are putting huge pressure on transportation networks. Today, over 55% of people worldwide live in urban areas, which is escalating issues like traffic jams and air pollution. Smart mobility tackles these challenges by optimizing routes, offering shared mobility options, and providing seamless public transport integration. The need to unclog city streets and improve commute times is accelerating demand for intelligent solutions like Mobility-as-a-Service (MaaS) apps. For instance, MaaS platforms now enable millions to plan, book, and pay for rides, public transport, and bike shares from a single interface—making urban travel more efficient and accessible than ever before.
- Strong Push for Sustainability and Green Mobility
Governments and consumers are prioritizing eco-friendly transport options to tackle greenhouse gas emissions. Regulations and incentive schemes, such as tax rebates on electric vehicles (EVs) and large-scale infrastructural investments in charging stations, are driving rapid EV uptake across regions. Europe’s Clean Mobility Package and India’s FAME-II scheme have spurred extensive EV manufacturing and adoption. For example, North America holds a commanding 40.5% share of the smart mobility market, driven largely by environmental regulations, robust tech infrastructure, and consumer uptake of eco-friendly solutions. Electric buses, shared EVs, and emission monitoring technologies are quickly becoming the norm, reshaping everyday travel for millions.
- Technological Innovations and Connected Mobility
Breakthroughs in IoT, AI, 5G, and data analytics are core to the smart mobility boom. Cities are implementing smart traffic management systems, real-time fleet monitoring, and IoT-enabled infrastructure that drastically improve efficiency and safety. China, with its vast 5G infrastructure, is leading in Vehicle-to-Everything (V2X) communication, powering safer and smarter roads. Companies like Cisco, Ford, and Toyota are investing billions in connected vehicle platforms and autonomous driving systems. With connected solutions, drivers enjoy features like predictive routing, automated payments, and integrated urban mobility—all contributing to a more responsive and intelligent transportation ecosystem for both users and providers.
Key Trends in the Smart Mobility Market
- Electrification of Urban Mobility
Electric vehicles are reshaping public and private transportation, from taxis to micro-mobility fleets. Cities are rolling out thousands of public charging points, and governments are cutting costs with EV subsidies and tax credits. Major automakers and tech firms are launching new EVs, and ride-hailing giants are electrifying their fleets at pace. In many cities, one in every five new vehicles registered is now electric. This not only helps meet decarbonization targets but also reduces the cost of daily commutes and attracts sustainability-minded consumers.
- Rise of Mobility-as-a-Service (MaaS) Platforms
MaaS platforms are revolutionizing travel by combining public transit, bike-share, car-share, and ride-hailing into a single digital ecosystem. Users can now access real-time journey planning, booking, and payments through all-in-one apps, boosting convenience and urban mobility efficiency. In the UK and India, MaaS adoption is advancing rapidly, with cities deploying systems that connect local buses, trains, ride-shares, and even e-scooters. Integration has led to a spike in shared rides and public transport use, reducing congestion, parking woes, and pollution across urban centers.
- Smart Infrastructure and Autonomous Technologies
Cities and mobility firms are investing heavily in smart infrastructure—from AI-powered traffic lights to autonomous vehicle pilot zones. North America and Asia-Pacific are testing self-driving shuttles, robo-taxis, and connected intersections. Real-world examples include pilot programs by Waymo and Tesla in the U.S., while Asian countries are leveraging 5G to support real-time management of autonomous vehicle fleets. These advancements are achieving smoother traffic flow, safer streets, and new mobility options for people with disabilities or limited access, bringing the vision of fully intelligent transport closer to reality.
The smart mobility market report provides a comprehensive overview of the industry. This analysis is essential for stakeholders aiming to navigate the complexities of the biochar market and capitalize on emerging opportunities.
Leading Companies Operating in the Smart Mobility Industry:
- Cisco Systems Inc.
- Excelfore Corporation
- Ford Motor Company
- Innoviz Technologies Ltd
- QuaLiX Information System LLP
- Robert Bosch GmbH
- Siemens AG
- Thales Group
- TomTom N.V.
- Toyota Motor Corporation
Smart Mobility Market Report Segmentation:
By Technology:
- 3G and 4G
- Wi-Fi
- Global Positioning System (GPS)
- Radio Frequency Identification (RFID)
- Embedded System
- Others
In the smart mobility market, RFID holds the majority share due to its effectiveness in automated tracking and management of vehicles, enhancing operational efficiency and supporting applications like toll collection and smart parking.
By Solution:
- Traffic Management
- Parking Management
- Mobility Management
- Others
Traffic management leads the market with a 31.2% share, driven by the need for efficient urban mobility solutions to address congestion and safety concerns, utilizing technologies like IoT and AI for real-time traffic control and optimization.
By Element:
- Bike Commuting
- Car Sharing
- Ride Sharing
Ride sharing captures the largest market share at 36.8% in the smart mobility sector, favored for its affordability and convenience, leveraging technologies like GPS and mobile apps to enhance user experience and promote sustainability.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America dominates the smart mobility market with a 40.5% share, supported by a strong technological ecosystem, early adoption of EVs and AVs, and significant investments in smart city initiatives and transportation infrastructure.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302
