Mobility on Demand Market Research Report by Technological Development, Applications and Forecast 2024
Mobile
on Demand (MOD) is a user-focused innovative approach that controls
emerging mobility services of the automobile; it is placed on vehicles
to provide transportation network and operation. Mobile on demand offers
connected travelers real-time data, and cooperative intelligent
transportation systems (ITS), this allow more traveler-focused
transmission system method while serving improved mobility options to
all rovers and users of the system in an efficient and safe manner.
Increase in elderly population, and growth in urbanization is shifting
needs of travelers with current trends stressing the need for
alternative forms of transportation and demand for more personal choice
in mobility.
Mobility on Demand Market: Market Dynamics and Restraints
Majorly,
due to the developing requirement for individual mobility in the stir
of rising urbanization and reduction in auto control are anticipated to
fuel the interest in this technology, this is directly driving the
market of mobility on demand market worldwide. The key factor that lifts
the market growth of worldwide mobile on demand technique includes
development healthcare sector that increasing geriatric population as
well as increasing commonness of knee problems. Also, young generations
demand convenience and cost savings automobile. Globally, some part of
the population comes from disables, wounded warriors, and low-income
individuals, mobility on demand adhering automobiles fulfill all
requirement as mentioned above. Therefore these type mobility on demand
system incorporated vehicles requirement propel the market of mobility
on demand. Reduced energy consumption, improved travel time reliability,
crash avoidance, reduced congestion, vehicle emissions and multi-modal
connectivity are some other factors provide a positive impact on the
market of mobility on demand.
Although
demand and necessity of mobility on demand in the automotive market can
be seen significantly, technical and policy challenges can affect the
market. Technical and policy challenge such as a sudden switch of
control between driver and vehicle mode, reliability concern, cyber
security issue from time to time can generate a gap between end user
need and mobility on demand manufacturer offerings, and this hinders its
market growth to a certain extent.
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Mobility on Demand Market: Market Segmentation
The
global mobility on demand market is segmented based on its service
types, data service types, connectivity types and vehicle type.
Based on the service type, mobility on demand market is segmented into:
- e-hailing
- Car Rental
- Car Sharing
- Station-Based
Based on the data service type, mobility on demand market is segmented into:
- Navigation
- Payment
- Information
Based on the number of wheels of the vehicles, mobility on demand market is segmented into:
- 2 wheel automobile
- 3 wheel automobile
- 4 wheel automobile
- 5 wheel automobile
Based on the connectivity type, mobility on demand market is segmented into:
- 3G
- 4G
- 5G
- Wi-Fi
- V2V
- V2I
- V2P
- V2N
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Mobility on Demand Market: Regional Outlook
Regarding
geography, the global mobility on demand market has been categorized
into seven key regions including North and Latin America, Eastern
Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the
Middle East & Africa. The mobility on demand market is globally
expected to register healthy CAGR during the forecast period. Despite
the soft economy, consumers of North America are buying automotive and
healthy growth in elderly population encountered among the countries of
North America that include the US and Canada, this trend makes North
America leading region in mobility on demand market. Countries such as
China, India are the countries in Asia-Pacific excluding Japan region
development and population wise, wide-ranging customer base because of
the dense population as well as rising urbanization in emerging
economies in China and India makes Asia Pacific Excluding Japan growing
region in mobility on demand market. Japan, Latin America and the Middle
East and Africa are predicted to acquire the mobility on demand market
in the near future.
Mobility on Demand Market: Key players
Some
of the key players of global mobility on demand market include Delphi
automotive plc, Uber Technologies, Inc., Denso Corporation, TomTom NV,
Didi Chuxing, Robert Bosch GmbH, Gett, Inc., International Business
Machines Corp., and Intel Corporation.
The
report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to:
Regional markets, technology, types, and applications.
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