Covid-19 Impact on Mobility on Demand Market Is Likely To Grow At 18% CAGR

Market Overview

Mobility on Demand is an user-focused and innovative approach which influences evolving mobility services, integrated transit networks and operations, connected travelers, cooperative Intelligent Transportation Systems (ITS), and real-time data, to enable a more transportation system- of-systems and traveler-centric approach, offering enhanced mobility options to all tourists and users of the system in a safe and an efficient manner. Rapid expansion and urbanization of metropolitans have surged the intracity travel distance. The increased cost of automobiles and surging traffic issues have propelled the popularity of shared transport. Mobility on demand services extend easy access to personal or shared transport vehicles at affordable costs. Market Research Future (MRFR) has published a comprehensive report on the global Covid-19 Impact on Mobility on Demand Market. The market is likely to grow at an impressive CAGR of 18% over the assessment period of 2017-2023. It is expected to attain the worth of USD 186 bn by the conclusion of 2023. Emerging IoT trend, surging adoption of smartphones, along with rapid technological progressions is driving the development of the global Covid-19 Impact on Mobility on Demand Market. Increasing fuel prices, government initiatives for excelling transportation with intelligent mobility solutions, and Increasing popularity of car sharing services, are some factors that are propelling the growth of the global Covid-19 Impact on Mobility on Demand Market. Increasing adoption of plug-in hybrid vehicles and electric vehicles, real-time availability of services, collectively with in shared transportation services are spurring the growth of the worldwide Covid-19 Impact on Mobility on Demand Market. However, lack of awareness regarding shared transport services, low penetration of progressive technology in the underdeveloped regions, and insufficient transportation facilities are expected to negatively affect the growth of the global Covid-19 Impact on Mobility on Demand Market over the assessment period of 2017-2023.

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Market Segmentation

The global Covid-19 Impact on Mobility on Demand Market is segmented based on vehicle type, service, internet connectivity, vehicle connectivity, and data service. Based on vehicle type, the Covid-19 Impact on Mobility on Demand Market is segmented into micro mobility vehicles and four-wheelers. Based on service, the Covid-19 Impact on Mobility on Demand Market is segmented into car sharing, e-hailing, station-based mobility, and car rental. Based on internet connectivity, the Covid-19 Impact on Mobility on Demand Market is segmented into 4G, 3G, Wi-Fi, and 5G. Based on vehicle connectivity, the Covid-19 Impact on Mobility on Demand Market is segmented into vehicle to infrastructure (V2I), vehicle to vehicle (V2V), vehicle to network (V2N), and vehicle to pedestrian (V2P). Based on data service, the Covid-19 Impact on Mobility on Demand Market is segmented into payment, information, navigation, and others.

Key Players

Global Covid-19 Impact on Mobility on Demand Market is dominated by key players such as Delphi Automotive Plc (U.K.), Uber Technologies Inc. (U.S.), Intel Corporation (U.S.), Denso Corporation (Japan), Tomtom NV (Netherlands), Denso Corporation (Japan), Robert Bosch Gmbh (Germany), Didi Chuxing (China), International Business Machines Corp. (U.S.), Lyft (U.S.), Gett, Inc. (U.S.), and others.

Regional Analysis

Based on region, the worldwide Covid-19 Impact on Mobility on Demand Market is segmented into North America, Asia Pacific, Europe and the rest of the world. The North America region is likely to experience fastest growth in the worldwide Covid-19 Impact on Mobility on Demand Market due to the growing urban population, easy adoption of advanced technology, and expanding application of smartphones. The Asia Pacific region represents the largest share of the global Covid-19 Impact on Mobility on Demand Market due to the surging demand for boost in disposable income, surging adoption of e-hailing services, and improved transportation services, in the emerging economies of this region. Additionally, the Asia Pacific market is witnessing rising growth in the mobility on demand sector owing to its expanding population and the growing employment opportunities. Employment opportunities are facilitating increasing demand for improved transportation services which in turn is propelling the need for mobility on demand solutions.

LIST OF TABLES

TABLE 1 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET, BY SERVICE,

TABLE 2 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET, BY VEHICLE TYPE

TABLE 3 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET, BY DATA SERVICE

TABLE 4 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET, BY INTERNET CONNECTIVITY

TABLE 5 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET, BY VEHICLE CONNECTIVITY

Continued…….

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LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET: BY SERVICE (%)

FIGURE 3 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET: BY VEHICLE TYPE (%)

FIGURE 4 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET: BY DATA SERVICE (%)

FIGURE 5 COVID-19 IMPACT ON MOBILITY ON DEMAND MARKET: BY INTERNET CONNECTIVITY (%)

Continued…….

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