Increased connectivity is helping cities shift to flexible, on-demand mobility, report finds

The Market for Smart Urban Mobility Infrastructure and Services Is Expected to Total $144 Million from 2015 to 2024, According to Navigant Research

BOULDER, Colo.– recent report from Navigant Research analyzes the global market for smart urban mobility infrastructure and services in smart cities, including carsharing, ridesharing, advanced traffic management, smart parking, and other transportation innovations, with regional forecasts for revenue, through 2024.

“A key element of this movement is the use of technology to develop cities that function more efficiently, more sustainably, and more equitably; many drivers are already utilizing some of these enabling technologies through the global positioning system (GPS) in their car or the smartphone in their pocket.”

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Cities have long been focal points for clean, efficient transportation choices given the demands placed on them by large, densely located populations and the adverse quality of life and economic effects that traffic congestion can cause. The rise of plug-in electric vehicles, smartphones, and the ability to interconnect infrastructure within cities to drivers and pedestrians is creating flexible transportation systems utilizing new mobility options. Click to tweet: According to a recent report from Navigant Research, the market for smart urban mobility infrastructure and services is expected to total $144 million from 2015 to 2024.

“This new approach to urban mobility is part of the broader smart city movement,” says Lisa Jerram, principal research analyst with Navigant Research. “A key element of this movement is the use of technology to develop cities that function more efficiently, more sustainably, and more equitably; many drivers are already utilizing some of these enabling technologies through the global positioning system (GPS) in their car or the smartphone in their pocket.”

According to the report, urban mobility in cities is becoming more flexible and truly multi-modal, with city populations easily moving between public transit, carsharing, ridesharing, driving, cycling, and walking. Smart urban mobility developments have been making their way into mass transit systems, particularly bus-based transit, and into parking services. Cites are increasingly able to manage their traffic systems in real-time.

The report, Urban Mobility in Smart Cities, 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 electric vehicle charging equipment and services; smart parking systems; congestion charging schemes; and advanced intelligent transportation systems 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. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Urban Mobility in Smart Cities, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.