New technologies, urbanization, and changing consumer behavior are a few of the driving forces that will disrupt and challenge the boundaries of the traditional market. The ecosystem is changing and finding its place in the future of the mobility and transport industry.
The mobility industry includes different means of transportation for people and goods to move from point A to B. The industry is evolving and growing rapidly due to disruptive innovations across different sectors. Such innovations include self-driving cars, shared mobility, and connected cars. All these changes and innovations also have an impact on regulations and infrastructures globally.
The global mobility market worth is estimated at just under $100 Billion and is expected to reach $238 Billion by 2026. Players in the industry are automotive companies but also include the increasing digital micro-mobility focused companies such as Uber, Lyft, Lime, and Bird.
The connected mobility sector deals with vehicles connected and able to communicate with each other as well as with objects and infrastructures in which the vehicles operate.
Shared mobility is particularly important for populations living in urban areas. Full service platforms active in the shared mobility sector offer different means of transportation such as ride-sharing, car-sharing, cargo sharing, scooters, bicycles, and shuttles.
The mass transport segment, also commonly called public transport, includes transport vehicles such as trucks, trains, buses, trams, and subways. Mass transport aims to reduce traffic and congestion within cities and main transportation routes and improve the way people and goods move around.
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