North America Smart Mobility Market By Element (Ride Sharing, Car Sharing and Bike Commuting), By Solution (Traffic Management, Parking Management, Mobility Management and Others), By Technology (RFID, GPS, Embedded System, Wi-Fi, 3G & 4G and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Smart Mobility Market would witness market growth of 17.9% CAGR during the forecast period (2020-2026). Smart mobility is an innovative concept to evaluate how to travel in a secure, clean, & effective manner.
The idea of smart mobility is encouraged by several means of transportation like buses, kick scooters, bicycles, light rails, and electric & autonomous vehicles. Smart cities must provide efficient smart mobility solutions while creating a collaborative framework, boosting innovation, & fulfilling sustainability objectives. These limitations fall under the highly volatile ecosystem of urban mobility as observed through the perspectives of a smart city planner.
For modern cities, urban mobility is regarded as the indispensable & important economic factor, and an enabler of sustainable, and smart development. One of the most critical issues for cities across the world is the development of a smart city that provides unbiased & efficient mobility solutions. By considering the latest trends & disruptive forces in urban mobility, it is sensible to expect an upcoming scenario when smart city residents & visitors enjoy a broad array of multimodal, affordable, on-demand mobility alternatives; and traditional cards & ownership methods are substituted by autonomous and shared electric vehicles.
With the increasing world population, city congestion will increase gradually from a day-to-day inconvenience to a gridlocked problem causing adverse effects on the economy & environment; goods will not be transferred on time, emergency personnel would not be empowered enough to rapidly save lives, & people will strive to breathe due to the increased smog in the air. New studies revealed that the causes of higher levels of urban congestion are the decision of the riders to opt for these means of transportation instead of public transportation, causing high congestion on the road.
The US market dominated the North America Car Sharing Smart Mobility Market by Country in 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 21.2% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 20.1% during (2020 - 2026).
Based on Element, the market is segmented into Ride Sharing, Car Sharing and Bike Commuting. Based on Solution, the market is segmented into Traffic Management, Parking Management, Mobility Management and Others. Based on Technology, the market is segmented into RFID, GPS, Embedded System, Wi-Fi, 3G & 4G and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Ford Motor Company, Robert Bosch GmbH, Siemens AG, TomTom N.V., Toyota Motor Corporation, Excelfore Corporation, Innoviz Technologies, Ltd., Thales Group S.A., and MaaS Global Oy.
Scope of the Study
Market Segments Covered in the Report:
- Ride Sharing
- Car Sharing
- Bike Commuting
- Traffic Management
- Parking Management
- Mobility Management
- Embedded System
- 3G & 4G
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Ford Motor Company
- Robert Bosch GmbH
- Siemens AG
- TomTom N.V.
- Toyota Motor Corporation
- Excelfore Corporation
- Innoviz Technologies, Ltd.
- Thales Group S.A.
- MaaS Global Oy
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