US Smart Mobility Market Research Report By Element (Bike Commuting, Car Sharing, Ride Sharing) - Forecast to 2035

US Smart Mobility Market Overview:

As per MRFR analysis, the US Smart Mobility Market Size was estimated at 20.97 (USD Billion) in 2023. The US Smart Mobility Market Industry is expected to grow from 22.67(USD Billion) in 2024 to 60 (USD Billion) by 2035. The US Smart Mobility Market CAGR (growth rate) is expected to be around 9.253% during the forecast period (2025 - 2035).

Key US Smart Mobility Market Trends Highlighted

The US Smart Mobility Market is influenced by several key market drivers that focus on technological advancement and sustainability efforts. The growing emphasis on reducing carbon emissions and traffic congestion has led to increasing investments in electric vehicles (EVs) and infrastructure to support them. Policies and initiatives at the federal and state levels promote the adoption of clean transportation technologies. Additionally, urbanization results in a growing demand for efficient public transit systems. Various US cities are exploring solutions like smart traffic management systems, which aim to improve the flow of vehicles and reduce transit times, demonstrating a clear trend toward enhanced urban mobility solutions.Opportunities within the US Smart Mobility Market revolve around the integration of digital technologies such as big data and IoT (Internet of Things).

These technologies can optimize transportation logistics and enhance the experience of users through connected services. The focus on multimodal transport solutions also points toward an opportunity to develop seamless connections between various transport modes, such as public transit, bicycles, and ridesharing. Collaboration among public and private sectors could foster innovative models, improving access and efficiency in the transportation system across metropolitan areas. In recent times, there has been a noticeable shift towards shared mobility services in the US.Companies are investing in mobility-as-a-service (MaaS) platforms that enable users to plan, book, and pay for multiple types of transportation services through a single interface. This trend reflects a growing consumer preference for flexibility and convenience while emphasizing sustainability. The increasing interest in autonomous vehicle technology is also a considerable trend, with various states conducting pilot programs to test these vehicles in real-world conditions, showcasing a commitment to the future of smart and automated transportation systems.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Smart Mobility Market Drivers

Increasing Urbanization and Population Growth

The United States is experiencing significant urbanization and population growth, with an estimated 82.3% of the population living in urban areas as of 2020, according to the United States Census Bureau. This trend drives the demand for smart mobility solutions, as cities become denser and more congested. As a result, urban centers are seeking to implement innovative transportation systems that can alleviate traffic congestion and enhance accessibility.Organizations such as the American Public Transportation Association are promoting smart mobility initiatives to create efficient public transit and mobility solutions. Furthermore, with an expected population increase of approximately 24 million people by 2035, the U.S. Smart Mobility Market Industry is poised for significant expansion as city planners adopt technological solutions to accommodate these demographic shifts effectively.

Government Initiatives and Funding for Smart Mobility

Government initiatives in the United States are crucial in fostering the growth of the Smart Mobility Market. Recent policy decisions by federal and state governments, such as the Infrastructure Investment and Jobs Act, aim to allocate billions of dollars to modernizing transportation systems. This infusion of resources supports the Research and Development of smart mobility technologies, including electric vehicles, autonomous transportation, and connected infrastructure.Moreover, the Federal Transit Administration's emphasis on sustainable public transit has spurred local authorities to adopt smart technologies, creating a robust environment for innovation in the U.S. Smart Mobility Market Industry.

Advancements in Technology and Connectivity

Technological advancements, particularly in connectivity and automation, are major growth drivers in the U.S. Smart Mobility Market. The expansion of 5G technology across urban areas facilitates real-time communication between vehicles, infrastructure, and transportation management systems. The 5G rollout is set to enhance the efficiency and safety of smart mobility solutions, such as autonomous vehicles and real-time traffic management systems. Major technology companies, including Google and Tesla, are investing heavily in these innovations, significantly impacting vehicular technology and pushing the smart mobility agenda forward.According to a report from the National Highway Traffic Safety Administration, the integration of intelligent transportation systems could lead to a 30% reduction in traffic collisions, thereby promoting safety and efficiency in the U.S. Smart Mobility Market Industry.

US Smart Mobility Market Segment Insights:

Smart Mobility Market Element Insights

The US Smart Mobility Market is witnessing significant transformation, particularly in the Element segment, which encompasses various innovative transportation solutions contributing to urban mobility. The segment reflects the growing shift towards sustainable and efficient transportation methods, aligning with broader environmental and urban planning objectives. Among the components of this segment, Bike Commuting stands out as a vital solution, facilitating eco-friendly transportation options while addressing urban congestion and promoting healthy lifestyles.In recent years, cities across the United States have increasingly invested in biking infrastructure, including dedicated lanes and bike-sharing programs, encouraging more commuters to opt for this sustainable travel mode. Car Sharing is also gaining traction, providing consumers with flexible vehicle access without the costs and responsibilities associated with ownership.

This model appeals to a wide range of demographics, particularly Millennials and Generation Z, who prefer convenience and sustainability over traditional car ownership. The Ride Sharing sector continues to expand its footprint within the US, with a notable increase in demand for shared rides, especially in urban centers.This trend is driving innovations in mobile app technologies that enable seamless connections between riders and drivers, ultimately enhancing user experience. The growth of the Element market is underpinned by increasing urbanization, rising fuel prices, and a heightened awareness of environmental sustainability, which collectively drive the adoption of alternate mobility solutions. While the Element segment is poised for further growth, challenges such as regulatory hurdles and the need for improved integration with existing transport infrastructures remain pertinent.Overall, the US Smart Mobility Market segmentation reflects an adaptive approach to addressing contemporary transport challenges and harnessing opportunities for enhanced mobility through collaboration and digital solutions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Smart Mobility Market Key Players and Competitive Insights:

The US Smart Mobility Market is rapidly evolving, driven by advancements in technology and increasing consumer demand for efficient transportation solutions. This market encompasses various sectors, including autonomous vehicles, connected transportation systems, and electric mobility solutions. As these elements converge, a competitive landscape has emerged, featuring innovative startups and well-established companies that are vying for market share. Stakeholders are focusing on strategic partnerships, technological enhancements, and regulatory compliance to carve out their position in this dynamic environment. The complexity of the market necessitates companies to differentiate themselves through unique value propositions, robust business models, and sustainable practices, contributing to a continually shifting competitive framework within the industry.

Aurora Innovation has established itself as a leading force within the US Smart Mobility Market by leveraging cutting-edge technology and a robust research and development strategy. The company specializes in autonomous vehicle technology, aiming to create a safer and more efficient transportation infrastructure. Its strengths lie in its highly skilled workforce, strong intellectual property portfolio, and collaborative partnerships across the industry, including collaborations with major automotive manufacturers and technology firms. Aurora Innovation's commitment to safety and innovation has garnered significant interest, as the company explores various applications for its technology in urban mobility and freight transport, positioning itself favorably against competitors in the market.Zoox represents another influential player in the US Smart Mobility Market, focusing on redefining urban transportation through the development of autonomous vehicles designed specifically for ride-sharing services.

The company has gained recognition for its innovative design and engineering, creating a bi-directional vehicle that optimizes passenger space and enhances overall efficiency. Zoox’s strengths include a strong emphasis on safety, as well as the integration of advanced technology in its vehicles, enabling seamless communication between vehicles and their environments. The company has engaged in strategic mergers and acquisitions to bolster its capabilities, enhancing its market presence and expanding its innovation potential. By positioning itself as a frontrunner in autonomous transportation, Zoox aims to address the growing demand for sustainable and efficient mobility solutions in bustling urban settings across the United States.

Key Companies in the US Smart Mobility Market Include:

Aurora Innovation

Zoox

Tesla

Postmates

ChargePoint

BlaBlaCar

Ford Motor Company

Volta Charging

Nuro

Rivian Automotive

Waymo

Lyft

Uber Technologies

DiDi Chuxing

General Motors

US Smart Mobility Market Industry Developments

The US Smart Mobility Market is witnessing significant developments with companies like Aurora Innovation, Zoox, and Waymo enhancing their autonomous vehicle technologies. In October 2023, Tesla announced upgrades to their Autopilot system, aiming to improve safety and efficiency, while Ford Motor Company has expanded its electric vehicle portfolio, reinforcing its commitment to sustainable transportation. June 2023 saw Rivian Automotive successfully lowering vehicle production costs, which has positively impacted market valuations. Notably, in August 2023, General Motors' acquisition of a software firm focused on electric vehicles signified a strategic push towards integrating smart mobility solutions. ChargePoint and Volta Charging continue to influence the growth of electric vehicle infrastructure across the US, supporting the growing demand for charging stations coinciding with rising electric vehicle sales. In the realm of transportation services, Uber Technologies and Lyft are enhancing ride-sharing options while entering partnerships to promote shared mobility solutions. Additionally, in March 2022, Postmates, a subsidiary of Uber, expanded its delivery services for local businesses, reflecting a trend towards integrated mobility services. The interplay of these developments is reshaping the transportation landscape in the US, fostering innovation and competition in the Smart Mobility sector.

US Smart Mobility Market Segmentation Insights

Smart Mobility Market Element Outlook

Bike Commuting

Car Sharing

Ride Sharing

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	20.97(USD Billion)
MARKET SIZE 2024	22.67(USD Billion)
MARKET SIZE 2035	60.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	9.253% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Aurora Innovation, Zoox, Tesla, Postmates, ChargePoint, BlaBlaCar, Ford Motor Company, Volta Charging, Nuro, Rivian Automotive, Waymo, Lyft, Uber Technologies, DiDi Chuxing, General Motors
SEGMENTS COVERED	Element
KEY MARKET OPPORTUNITIES	Autonomous vehicle technology, Electric vehicle infrastructure, Mobility-as-a-Service platforms, Smart traffic management systems, Shared mobility services
KEY MARKET DYNAMICS	Technological advancements in transportation, Government regulations and policies, Urbanization and population growth, Shift toward sustainability, Increased investment in infrastructure
COUNTRIES COVERED	US