The global smart mobility market size is anticipated to reach USD 180.35 billion by 2033 and is expected to expand at a CAGR of 14.9% during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for sustainable and efficient transportation solutions is expected to drive market growth.

As urban populations continue rising, cities face mounting pressure to reduce traffic congestion, lower emissions, and improve public transit systems. Smart mobility technologies electric vehicles, shared mobility platforms, and intelligent transportation systems are being embraced as viable solutions to these challenges. These innovations not only enhance the convenience and accessibility of urban travel but also contribute to environmental conservation by minimizing reliance on fossil fuels.

Integrating advanced digital technologies has further accelerated the adoption of smart mobility solutions. Developments in artificial intelligence, big data analytics, and the Internet of Things (IoT) are enabling real-time traffic management, predictive maintenance, and personalized mobility services. These capabilities transform traditional transportation models into interconnected ecosystems that prioritize user experience, safety, and operational efficiency. Moreover, the proliferation of mobile applications and cloud-based platforms has made it easier for users to access and manage mobility services, fostering greater consumer engagement and market penetration.

Government initiatives and policy frameworks promoting smart cities and green transportation have also driven market expansion. Infrastructure investment, electric vehicle subsidies, and regulatory support for autonomous and connected vehicles create a favorable environment for innovation and growth. Public-private partnerships are emerging as key enablers, facilitating the deployment of integrated mobility solutions across urban and rural regions. As stakeholders continue collaborating on building resilient and adaptive transportation networks, the smart mobility market is poised to become a cornerstone of future urban development.

Further key findings from the report suggest:

  • By offering, the bike commuting segment held the largest revenue share of 36.68% in 2024.
  • By solution, the traffic management segment held the largest revenue share of 34.38% in 2024.
  • By technology, the radio frequency identification (RFID) segment held the largest revenue share of 25.41% in 2024.
  • North America dominated the smart mobility industry with the largest revenue share of 38.03% in 2024.
  • The smart mobility in the U.S. is the largest in North America, primarily due to a combination of advanced infrastructure, high digital penetration, and supportive regulatory frameworks.

List of Key Players in the Smart Mobility Market

  • Robert Bosch GmbH
  • Cisco Systems, Inc.
  • Innoviz Technologies Ltd.
  • Ford Motor Company
  • Siemens AG
  • Toyota Motor Corporation
  • Excelfore Corporation
  • TomTom International BV
  • Daimler AG
  • Tesla

Order a free sample PDF of the Smart Mobility Market Intelligence Study, published by Grand View Research.