The global connected mobility solutions market is expected to grow at a CAGR of 17.60% during the forecast period 2023-2030. The growth of the market is attributed to the increasing demand for connected and autonomous vehicles, rising infrastructural development and smart city projects, and growing demand for digitalization.

Connected Mobility Solutions

Connected mobility solutions are a type of transportation system that uses information and communication technology (ICT) to connect vehicles, infrastructure, and other users. These solutions allow for real-time communication and data sharing between different stakeholders in the transportation system, which can improve safety, efficiency, and sustainability.

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Market Drivers

The increasing demand for connected and autonomous vehicles is one of the key drivers of the global connected mobility solutions market. Connected vehicles are equipped with sensors and other devices that allow them to communicate with each other and with infrastructure. This communication enables vehicles to share information about their location, speed, and other parameters, which can help to prevent accidents and improve traffic flow.

Rising infrastructural development and smart city projects are also driving the growth of the market. Smart cities use ICT to improve the efficiency and sustainability of their transportation systems. For example, smart cities can use connected mobility solutions to manage traffic lights, provide real-time traffic information, and optimize public transportation routes.

Growing demand for digitalization is another key driver of the market. Digitalization is leading to the development of new transportation services and applications that are powered by connected mobility solutions. For example, digitalization is enabling the development of ride-sharing and car-sharing services, which can help to reduce traffic congestion and improve air quality.

Market Challenges

One of the key challenges facing the global connected mobility solutions market is the high cost of implementation. The installation of connected mobility solutions requires the deployment of a network of sensors, communication devices, and other infrastructure. This can be a costly investment for both governments and private businesses.

Another challenge facing the market is the lack of interoperability between different connected mobility solutions. This can make it difficult for vehicles and infrastructure to communicate with each other, which can limit the benefits of connected mobility.

Market Segmentation

The global connected mobility solutions market is segmented by technology, application, connectivity, and region. By technology, the market is segmented into Wi-Fi, Bluetooth, 4G/LTE, and 5G. Wi-Fi is the most widely used technology for connected mobility solutions, followed by Bluetooth and 4G/LTE. 5G is a new technology that is expected to gain traction in the market in the coming years.

By application, the market is segmented into navigation, telematics, and infotainment. Navigation is the largest application segment, followed by telematics and infotainment. Navigation solutions help drivers to find their way to their destination, while telematics solutions provide information about the vehicle's performance and condition. Infotainment solutions provide entertainment and information to passengers.

By connectivity, the market is segmented into integrated connectivity, tethered connectivity, and embedded connectivity. Integrated connectivity is the most widely used connectivity type, followed by tethered connectivity and embedded connectivity. Integrated connectivity solutions are built into the vehicle, while tethered connectivity solutions require the use of a mobile device or other external device. Embedded connectivity solutions are embedded in the vehicle's electronic control unit (ECU).

By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is the largest market for connected mobility solutions, followed by Europe and Asia Pacific. The growth of the market in North America is attributed to the increasing demand for connected and autonomous vehicles, rising infrastructural development, and growing demand for digitalization.

Market Players

Some of the key players operating in the global connected mobility solutions market are:

• Robert Bosch GmbH
• Siemens AG
• Cisco Systems Inc.
• Nokia Networks
• Molex Incorporated
• Deutsche Telekom AG
• HUBER+SUHNER
• NXP Semiconductors N.V.
• Infineon Technologies AG
• Continental AG

These companies are developing and deploying connected mobility solutions to improve the safety, efficiency, and sustainability of transportation systems.

Here are some additional details about each of these keywords:

Connected mobility solutions 

• Connected mobility solutions is a broad term that refers to the use of technology to connect vehicles to each other, to infrastructure, and to the internet. This connectivity can be used to improve safety, efficiency, and convenience.

Connected vehicles 

• Connected vehicles are vehicles that are equipped with technology that allows them to connect to the internet and to other vehicles. This connectivity can be used to provide a variety of features, such as real-time traffic updates, navigation assistance, and emergency assistance.

Autonomous vehicles 

• Autonomous vehicles are vehicles that can operate without human input. These vehicles use a variety of sensors and technologies to navigate their surroundings and to avoid obstacles.

Self-driving cars 

• Self-driving cars are a type of autonomous vehicle that is designed to transport passengers without the need for a human driver. Self-driving cars are still in the early stages of development, but they have the potential to revolutionize the way we travel.

Smart cities 

• Smart cities are cities that use technology to improve the quality of life for their residents. Smart cities use a variety of technologies, such as sensors, data analytics, and artificial intelligence, to improve transportation, energy efficiency, public safety, and other aspects of city life.

Big data

• Big data is a term used to describe the massive amounts of data that is generated by people, machines, and devices. Big data can be used to improve decision-making, identify trends, and solve problems.

Artificial intelligence (AI) 

• Artificial intelligence (AI) is a branch of computer science that deals with the creation of intelligent agents, which are systems that can reason, learn, and act autonomously. AI is being used in a variety of industries, including transportation, healthcare, and finance.

Machine learning 

• Machine learning is a subset of AI that deals with the development of algorithms that can learn from data without being explicitly programmed. Machine learning is being used in a variety of applications, such as fraud detection, image recognition, and natural language processing.

Internet of things (IoT)

• Internet of things (IoT) is a network of physical objects that are embedded with sensors, software, and network connectivity to enable them to collect and exchange data. IoT is being used in a variety of applications, such as smart homes, industrial automation, and transportation.

5G 

• 5G is the fifth generation of cellular network technology. 5G is expected to provide significantly faster speeds and lower latency than previous generations of cellular networks. 5G is being used in a variety of applications, such as augmented reality, virtual reality, and self-driving cars.

Wi-Fi 

• Wi-Fi is a wireless networking technology that allows devices to connect to the internet without the need for a wired connection. Wi-Fi is used in a variety of applications, such as home networking, business networking, and mobile devices.

Bluetooth

Bluetooth is a wireless technology that allows devices to connect to each other over short distances. Bluetooth is used in a variety of applications, such as headsets, speakers, and keyboards.

Conclusion

The global connected mobility solutions market is expected to grow at a CAGR of 17.60% during the forecast period 2023-2030. The growth of the market is attributed to the increasing demand for connected and autonomous vehicles, rising infrastructural development and smart city projects, and growing demand for digitalization.