Smart Mobility Market: Sustainable Transport Solutions & Technology Advancements

Driven by urbanization, smart city investments, EV adoption, connected technologies, and supportive government policies, demand is rising for efficient, sustainable, and data-driven transportation solutions worldwide. According to IMARC Group's latest research publication, global smart mobility market size was valued at USD 68.53 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 233.57 Billion by 2033, exhibiting a growth rate of 13.87% during 2025-2033.

How AI is Reshaping the Future of Smart Mobility Market

• End-to-End Autonomous Driving Systems: AI enables smarter end-to-end systems that learn efficiently and generalize to every road scenario, resulting in autonomous vehicles with superhuman capabilities that enhance safety.
• Predictive Traffic Management and Route Optimization: AI analyzes real-time conditions to optimize signal timing and route planning, reducing congestion and wait times while improving traffic flow through vehicle-to-infrastructure communication networks.
• AI-Generated Simulation Training: Synthetic data platforms generate diverse training scenarios for autonomous vehicles, enabling validation of billions of miles through virtual testing, accelerating deployment without real-world data collection.

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Smart Mobility Industry Overview:

North America dominates with 40.5% market share, driven by advanced infrastructure and EV adoption. Waymo provides over 200,000 robotaxi rides weekly across Los Angeles, San Francisco, and Phoenix. China leads with 60% of new passenger cars featuring combined driver-assist functions, while pilot projects span 35,000 kilometers of test roads across 20 cities with 11,000 roadside intelligent units supporting vehicle-road-cloud integration initiatives.

Smart Mobility Market Trends & Drivers

Electric vehicle adoption is accelerating globally, with 14 million units registered in 2023, up 35% year-over-year, representing 18% of all new car sales. China achieved 35% EV sales share, surpassing its 2025 target early, while Europe's Green Deal mandates 55% emission cuts by 2030. The U.S. federal government targets 100% zero-emission vehicle acquisitions for federal fleets, with USPS planning to purchase over 66,000 EVs by 2028, supported by expanding charging infrastructure.

Mobility-as-a-Service platforms are transforming urban transport by integrating ride-hailing, public transit, bike-sharing, and car-sharing into unified digital interfaces. Ride-hailing services hold 38.1% of the MaaS market, with autonomous ride-share projected to reduce cost-per-mile by 50%. Asia-Pacific leads with 40.6% market share, driven by smartphone penetration exceeding 35% of consumers using MaaS services, while AI-driven route optimization and real-time analytics improve convenience and efficiency.

Autonomous vehicle technology is advancing rapidly, with over 60 automakers setting electrification targets for future deployment. NVIDIA reported USD 1.7 billion in automotive revenue, targeting USD 5 billion by 2026, while companies like Aurora unveiled hardware reducing costs by 50% and extending operational life beyond one million miles. Europe's 35 cities have committed to zero-emission zones before 2025, accelerating demand for autonomous and electric commercial vehicles across urban logistics operations.

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.

Recent News and Developments in Smart Mobility Market

• May 2025: Uber partnered with autonomous vehicle startup May Mobility to deploy thousands of hybrid-electric Toyota Sienna AVs on its ride-hail platform, debuting in Arlington, Texas. The rollout begins with onboard safety drivers and aims to transition to fully driverless service before expanding to additional U.S. cities.
• May 2025: The 5G Automotive Association debuted on-road 5G V2X Direct and satellite-based Non-Terrestrial Network demos in Paris. Vehicles exchanged sensor data to warn of hidden pedestrians and seamlessly switched to satellite for emergency messaging, with initial satellite connectivity rollout expected by 2027.
• May 2025: Green and Smart Mobility officially launched its Xanh SM Platform in Laos and began distributing VinFast VF 3 and VF 5 models, marking Laos as its second international market after Vietnam. The platform expansion followed over 8 million electric kilometers traveled in cities like Vientiane and Savannakhat.

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