Cities must invest in physical and digital infrastructure to support the development of cleaner, more connected, and automated transport systems
A new report from Navigant Research examines the global market for high-impact urban mobility technologies, providing market forecasts segmented by region and technology through 2027.
The need to provide clean, decarbonized, and efficient transportation is crucial to solving many of the most serious challenges facing cities including air pollution, traffic congestion, and greenhouse gas emissions. Technologies such as EVs, automated vehicles, intelligent transportation systems, smart parking systems, last-mile logistics, mass transit innovations, and mobility as a service options are expected to approach mainstream adoption within the next decade. Click to tweet: According to a new report from @NavigantRSRCH, cumulative revenue for global urban mobility technologies is expected to reach $240.9 Billion in 2027.
“To support the vision of a cleaner, more connected, and automated transportation system, cities must prepare for the future by investing in physical infrastructure such as EV charging and digital infrastructure through data platforms and 5G networks,” says Ryan Citron, senior research analyst with Navigant Research. “It is also important that readily accessible and proven technologies are not ignored in the pursuit of future solutions.”
According to the report, currently available technologies such as adaptive traffic control and smart parking systems have demonstrated effectiveness in reducing traffic congestion, although both remain underutilized by cities.
This Navigant Research report, Urban Mobility Innovations, analyzes the latest developments and key trends related to high-impact urban mobility technologies. The study examines the synergies between these technologies and their potential to disrupt traditional transportation markets. Global market forecasts, segmented by region and technology, extend through 2027. The report also examines regional trends in urban mobility strategy, city case studies where mobility models are being disrupted, and the urban mobility supplier ecosystem. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Stefanie Bradtner
* The information contained in this press release concerning the report, Urban Mobility Innovations, 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.