Future of Mobility

What is Mobility?

Mobility is the capacity to move around and use one or more means of transportation to get from one place to another to fulfill daily demands. While transportation (including vehicles, traffic laws, and infrastructure) is the instrument needed for the practical realization of mobility, mobility focuses on the fulfillment of needs. Therefore, social activities including living, working, unwinding, as well as manufacturing, trading, and consumption have a direct impact on mobility (for goods). A need for transportation services develops due to the spatial separation of activities. A political process led to the decision on the kind of transportation services to provide for this requirement for mobility.

10 Mobility Market Trends:

1. Internet of Things

Startups are pushing mobile connectivity through embedded technologies and apps for smartphones. IoT connectivity makes it simple to track vehicle data for a variety of use cases, including fleet management, driver safety, insurance, and predictive maintenance.

1. Autonomous Driving

One of the most exciting developments in the transportation sector has always been the development of autonomous driving technology, and this trend is just expanding. In order to produce safer roadways, this top mobility trend seeks to reduce human carelessness and error. Advanced driver assistance systems (ADAS) now replace manual driving with comprehensive AI algorithms, leading the industry toward level-5 autonomous vehicles (AVs).

1. Electrification

Advances must be encouraged in electric drive systems, EV charging and infrastructure, as well as data analytics and security, to foster the expansion of electric mobility and improve sustainability. Startups all over the world create solutions to make it possible for EVs to be used widely by offering effective batteries and charging infrastructure.

1. Micro-mobility

Due to its simplicity and advantages for the environment, micro-mobility is steadily growing in popularity worldwide. It is a potent strategy to reduce greenhouse gas (GHG) emissions from vehicles while expanding access to affordable transportation. In addition to being fuel-efficient, micro-mobility solutions do not depend on energy from fossil fuels.

1. Mobility-as-a-Service

The integration of diverse means of transportation into a single mobility service is an approach to mobility that puts the needs of the user first. Startups are developing a variety of mobility-as-a-service products to do this. Moreover, MaaS brings new business models to run various modes of transportation, eliminate capacity restrictions, and ease traffic.

1. Artificial Intelligence

Machine learning (ML) algorithms are becoming more useful and applicable, and artificial intelligence is benefiting from this. By automating robotic tasks and using cutting-edge data analytics, AI develops new applications for the mobility sector. In particular, level 4 and level 5 autonomous driving, image recognition, predictive maintenance, and in-vehicle experiences all depend on AI.

1. Big Data

A substantial amount of data is regularly produced by the mobility industry. Success in the quick-paced mobility sector depends on being able to curate, understand, and derive insights from such unstructured data. Startups can process and analyze massive volumes of mobility data thanks to big data analytics and AI.

1. Augmented & Virtual Reality

Startups create AR solutions to limit a driver's distractions, thus lowering the number of accidents. When clients or vehicles aren't in a showroom, automotive businesses can still offer simulations thanks to AR-based solutions. By enabling remote vehicle inspection, these apps enhance the client experience. Startups also focus on AR/VR solutions to reduce the difficulties maintenance technicians face.

1. Smart Infrastructure

One of the key elements of smart cities is widely acknowledged to be smart infrastructure. It includes all the different lights and signs along the roadside that give information to drivers and AVs, in addition to smart roads, automated parking, and IoT.

1. 3D Printing

Various vehicle parts may be created via 3D printing thanks to startups and rising businesses. Designing adaptable components and spare parts is also made possible by additive manufacturing using various materials.

The research report on Mobility Market by Fatpos Global offers key insights on the historic as well as current market state, analyzing the trends and data from the leading players of the industry. It also offers an overview on market share, market segmentation, growth rate, competitive landscape, challenges, and opportunities. Every segment is carefully studied as per its volume and value in the market.

Future of Mobility:

The future of mobility is looking progressive and moving forward steadily thanks to the dependable support of numerous investment and technology firms and the various automakers. The abbreviation ACES stands for numerous global patterns being observed:

• Autonomous Driving
• Connectivity
• Electrification
• Shared Mobility

1. Autonomous Driving: Disruptive technologies for autonomous driving will change how we think about transportation, boost safety, and need alterations to business structures across most industries. Safety will always come first in the future, with passenger comfort receiving secondary attention. Driving without a driver has many benefits. These include heightened individual safety, enhanced non-driver mobility, time savings for drivers, diminished environmental effects, and decreased transportation expenses.
2. Connectivity: Automakers, customers, high-tech behemoths, and several new enterprises involved in the value chain will all face new opportunities and problems as vehicles are becoming more connected. Both the user and the vehicles will be impacted by the increasing connectivity.
3. Electrification: Regulations, battery economics, consumer attitudes, and infrastructure developments are bringing about a turning point for electric vehicles, which presents prospects for the automotive sector.
4. Shared Mobility: New and unique forms of transportation, such as e-hailing, scooters, self-service bikes, car sharing, and others, are exploding quickly. They are less expensive, more practical, and less stressful alternatives to owning a car owing to their features. In our attempts to lessen traffic, pollution, and CO2 emissions, shared mobility is a crucial addition to the conventional public transportation system and the work car.

Conclusion

The Mobility Market trends discussed here just highlight the surface of those discovered through the assessment. The autonomous mobility technologies are connected, electric, shared, and multimodal, among others, and will revolutionize the current industry. Gaining a competitive edge depends greatly on the early adoption of breakthrough technologies and new business prospects.

Some of the prominent players in the Mobility Market include:

• Drive Now (BMW)
• Uber
• DiDi Chuxing
• Grab
• Lyft
• Car2Go
• Deutsche Bahn Connect GmbH
• EVCARD
• Flinkster
• GreenGo

The Top Reports related to Mobility Market include:

U.S. Electric Mobility Market

Smart Mobility Market

Shared Mobility Market