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. North America currently dominates the market, holding a market share of 40.5% in 2024.Grab a sample PDF of this report: https://www.imarcgroup.com/smart-mobility-market/requestsample
One of the main drivers of smart mobility demand is the rapid pace of urbanization and consumers’ move toward sustainable, convenient transportation. Governments worldwide are investing billions into smart city projects, such as India’s Smart Cities Mission, which has committed over ?150,000 crore and delivered operational integrated command centers in 100 cities. These initiatives prioritize efficient transit, digital traffic management, and tech-driven mobility solutions, further supported by consumer demand for greener transport and reduced urban congestion.
A surge in advanced technologies like IoT, AI, and vehicle electrification is accelerating market growth. Leading corporations are deploying electric vehicles and autonomous systems, with regions like North America capturing a 38% market share in smart mobility solutions, largely due to strong public and private investment. Enhanced connectivity and real-time data analytics deliver more efficient, safer, and cleaner urban mobility, while public incentives and regulatory support are spurring adoption across cities and industries.
Key Market Trends & Insights:
Surge of Electric Vehicles (EVs)
Electric vehicles are reshaping mobility, with nearly 14 million new EVs registered worldwide, making up 18% of all new automobile sales. Enhanced charging infrastructure and battery innovation are driving widespread adoption for consumers and ride-sharing fleets.
Growth of Mobility-as-a-Service (MaaS)
Integrated mobility platforms allow users to plan, book, and pay for multi-modal trips within a single app. This boosts commuter flexibility and reduces congestion, with major cities rapidly adopting MaaS to streamline urban transport networks.
Development of Autonomous and Connected Vehicles
Autonomous cars, equipped with AI and sensors, increase safety and efficiency. Connected vehicles use V2X communication for real-time data exchange, improving road safety and supporting public and private transport system upgrades.
Expansion of Smart Traffic Management
Smart traffic management holds a 31.2% demand share, using IoT and AI to monitor and optimize urban roadways in real time. These systems reduce congestion, shorten commute times, and support city sustainability goals.
Dominance of Ride-Sharing Services
Ride-sharing now controls 36.8% of the market, offering affordable, on-demand alternatives to private vehicle ownership. Younger urban consumers favor app-based services for flexibility and sustainability in increasingly congested cities.
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