The global Smart Mobility Market is witnessing rapid growth, driven by the rising need for sustainable, safe, and efficient urban transportation solutions. Increasing urbanization, congestion in metropolitan areas, and the environmental impact of traditional mobility models have accelerated the adoption of smart mobility technologies. According to Straits Research, the Smart Mobility Market size was valued at USD 27.4 billion in 2021 and is projected to reach USD 148.54 billion by 2030, growing at a CAGR of 20.2% during the forecast period (2022–203.
Smart mobility integrates cutting-edge technologies such as Artificial Intelligence (AI), Internet of Things (IoT), shared mobility platforms, Mobility-as-a-Service (MaaS), and advanced traffic management systems. These solutions enable efficient movement of people and goods, reduce greenhouse gas emissions, and improve safety and accessibility in urban environments.
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