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Urban Mobility in Smart Cities
July 2, 2015 | PRNewswireEstimated reading time: 1 minute
Cities have long been at the forefront of sustainable, multimodal mobility due to the transportation demands placed on a city by a large, densely located population. The smart city movement today is pioneering an even more advanced approach to urban mobility. Cities are moving toward a model of on-demand mobility in which citizens can take advantage of clean transportation options that meet their immediate needs. A few key technology developments over the last decade underpin this movement: the increasing availability of smartphones; the rise of plug-in electric vehicles (PEVs); and the ability to connect vehicles, infrastructure, transportation managers, and end users.
This new form of mobility is both a public investment and private enterprise phenomenon. In the smart urban mobility environment, infrastructure investments like real-time traffic management, public charging networks, or smart parking systems are complemented by new mobility solutions like carsharing services and rideshare apps. The ultimate smart urban mobility solution ties these together to allow users to see their full range of mobility options and access them on demand. Greater connectivity also allows city agencies to manage traffic and infrastructure assets in real-time to create more efficient mobility. According to Navigant Research, the global smart urban mobility infrastructure and services market is expected to grow from $5.1 billion in 2015 to $25.1 billion in 2024.
This Navigant Research report examines the key smart urban mobility infrastructure and services being offered in smart cities. The study analyzes the market for carsharing and rideshare services; public EV charging equipment and services; smart parking systems; congestion charging schemes; and advanced intelligent transportation systems (ITSs) and other innovations in transportation infrastructure. Global market forecasts for revenue, segmented by region, extend through 2024. The report also compares different regional approaches to smart urban mobility, looks at key city examples of each mobility segment, and profiles key players in the market.
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