The mobility-as-a-service market was valued at $77,661.9 million in 2023, and it is expected to grow at a CAGR of 25.67% and reach $7,60,207.2 million by 2033.
The global mobility as a service market was estimated to be at $39.23 billion in 2021, which is expected to grow with a CAGR of 25.7% and reach $379.66 billion by 2031.
The global IoT solutions for micromobility market was estimated to be at $3.4 billion in 2020, which is expected to grow with a CAGR of 17.39% and reach $26.3 billion by 2031.
The global intelligent transportation systems market is expected to reach $40.76 billion by 2031, growing with a CAGR of 5.8% during the forecast period 2021-2031.
The micro mobility market is expected to witness growth at a compound annual growth rate (CAGR) of 17.03% during the forecast period, 2020-2025.
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The global robotaxi market is expected to grow at a CAGR of 168.29% throughout the forecast period, 2020-2025, to reach 535 thousand units by 2025.
The global mobility-as-a-service market is predicted to grow at a CAGR of 25.10% over the forecast period of 2019-2025.
In terms of value, the global artificial intelligence market for automotive and transportation industry is expected to grow at a CAGR of 13.12% during the forecast period 2019-2029.
In terms of value, the global micro mobility market is expected to grow at a CAGR of 11.95% during the forecast period 2019-2029.
The global superfast transport system market is expected to be valued at $2,086.5 million in 2020 and is expected to reach $55,693.5 million by 2024, growing at a CAGR of 127.30% between 2020 and 2024.
The value estimated for MaaS market is expected to be $1,759.82 billion by 2028, growing at a CAGR of 49.55% during 2018-2028.
The global ITS market is estimated at $45.87 billion in 2016 and is expected to reach $72.32 billion by 2022 registering a CAGR of 7.9% between 2016 and 2022.
The global mobility as a service market was estimated to be at $39.23 billion in 2021, which is expected to grow with a CAGR of 25.7% and reach $379.66 billion by 2031.
The global mobility-as-a-service market is predicted to grow at a CAGR of 25.10% over the forecast period of 2019-2025.
In terms of value, the global micro mobility market is expected to grow at a CAGR of 11.95% during the forecast period 2019-2029.
The value estimated for MaaS market is expected to be $1,759.82 billion by 2028, growing at a CAGR of 49.55% during 2018-2028.
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Shared / Urban Mobility Market
Shared/Urban Vehicle Market & Industry Overview
The shared/urban vehicle market refers to the use of vehicles that are shared among multiple users in urban areas. This market includes various forms of shared transportation, such as ride-sharing, car-sharing, and peer-to-peer car rental services.
Shared/urban vehicles provide an alternative to traditional car ownership for urban dwellers. It offers convenience, flexibility, and cost savings, as individuals can access vehicles on-demand without the need for ownership responsibilities like maintenance, parking, and insurance.
The shared/urban vehicle market has been driven by various factors. The rising cost of car ownership, increasing urbanization, and environmental concerns have led to a shift in consumer preferences towards shared mobility solutions. Additionally, advancements in technology, such as mobile apps and GPS tracking, have made it easier for users to find and book shared vehicles.
Major players in the shared/urban vehicle market include ride-hailing companies like Uber and Lyft, as well as car-sharing platforms like Zipcar and Turo. These companies have disrupted the traditional transportation industry and have quickly gained popularity in urban areas.
Local governments and city authorities are also promoting shared/urban vehicles as a solution to reduce congestion, decrease parking demand, and improve air quality. They are implementing initiatives like dedicated lanes for shared vehicles, parking incentives, and regulations to support the growth of shared mobility options.
The shared/urban vehicle market is expected to continue growing as more individuals recognize the benefits of shared mobility. Continued technological advancements, expansion into electric and autonomous vehicles, and collaboration between companies and governments will shape the future of shared/urban vehicle services.
BIS Mobility team keeps an eye on the ever-changing landscape of the shared/urban mobility industry through its Deep Tech M-A-P™ approach. Our futuristic perspective and detailed industry analysis cover emerging technologies such as robotaxi, micro-mobility, and mobility-as-a-service (MaaS), among others, that are estimated to grow into billion-dollar markets by the end of this decade.
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