The Europe Smart Mobility Market would witness market growth of 18.2% CAGR during the forecast period (2020-2026). Intending to minimize the growing number of vehicles on roads, smart mobility refers to the adoption of different means of transportation instead of utilizing owned vehicles. Various forms such as bike commuting, car-sharing, and ride-sharing fall under the domain of smart mobility.
These forms bring improvements in traffic conditions. Various aspects such as a surge in fatalities, increased pollution & wastage of time if stuck in traffic jams, are expected to increase the requirement for smart mobility. The innovative concept of using the existing transportation resources in a secure & effective manner to ensure zero-emission, minimum or no accidents & no ownership of vehicles is known as smart mobility.
Urban mobility plays an essential role in urban development. The installation of an efficient public transport framework can address various congestion problems, but Smart Mobility goes one step further. Some solutions are built on creating innovative & sustainable methods to offer mobility to people in cities, like the growth of public transport fuels that support environment, supported by latest technology & proactive attitude of citizens.
New business models supported by the sharing economy and latest technologies are entering a thrilling era in transportation: the age of smart mobility. The concept of mobility is a vital component of today’s emerging smart cities. The transportation of goods & people within the city is essential for the growth of the economy and everyday life. This problem makes mobility idea more important than traffic or transportation.
The Germany market dominated the Europe Parking Management Smart Mobility Market by Country in 2019, growing at a CAGR of 16.6 % during the forecast period. The UK market is poised to grow at a CAGR of 17% during (2020 - 2026). Additionally, The France market is exhibiting a CAGR of 18.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Smart Mobility Market in Europe is expected to register a CAGR of 18.2% during the forecast period (2020-2026)
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.
By Element
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