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Strategic Insight into the Future of the Global Mobility Technology Market

Strategic Insight into the Future of the Global Mobility Technology Market

  • October 2020
  • 50 pages
  • ID: 5978135
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

The long-term evolution of mobility systems is expected to be heavily technology-oriented. The future of the mobility industry is underpinned by a vast mobility technology ecosystem consisting of an array of technology market participants, mobility service providers, original equipment manufacturers, and Tier I and II suppliers.

The study seeks to analyze the changing dynamics in the mobility technology landscape, with a focus on key mobility solutions, such as mobility-as-a-service, connected environments, and autonomous vehicle technologies. The research service provides information on the key participants, markets, stakeholders, growth drivers, technologies, technology providers, challenges, and future outlook in this space.

It also defines the mobility technology ecosystem along with its key components and includes the key layers and converging landscape of future mobility technologies. The study suggests that the technology landscape is the backbone of the entire mobility ecosystem that provides the needed flexibility and scalability for future mobility services.

It dives deep into the differentiated approach angles taken by various market participants toward achieving the goal of offering end-to-end mobility solutions and services in the future. The future of mobility will no doubt be connected, electric, shared, and even autonomous. This is where we are beginning to see convergence across multiple market participants towards a technology-driven ecosystem. While the collective involvement of participants with varied capabilities is essential toward solving the mobility equation, we are beginning to witness companies leveraging their expertise and experience while focusing on expansion toward new capabilities, which can effectively enable greater access and control across the entire value chain. The study highlights the shifts toward technologies enabling mobility driven by participants from industries such as ICT, automotive, and the buzzing shared mobility technology service start-ups and innovators. These participants are refocusing on the development and deployment of various technologies, which will ultimately drive the shift toward connected, autonomous, shared and electric (CASE). The emerging and new technology players are driving focus toward horizontal market expansion. While the high-tech participants are focused on development of autonomous vehicle systems, these technologies are expected to merge with integrated mobility services such as MaaS and support intelligent central nervous systems for mobility operations or mobility operating systems (MOS). New business models and revenue streams are also expected to emerge with advancement in these technologies. While it is unlikely that any single player will dominate this complex mobility value chain on their own, we are beginning to see evidence of companies accelerating toward enhancing capabilities in-house and through M&A to develop comprehensive portfolios and seek greater control of the value chain itself.Future mobility innovations will focus on disruptive technology trends, which are also likely to shift consumer perceptions toward mobility services. While traditional automotive companies are shifting their focus to technology and CASE-driven strategies, these technologies are also likely to favor new tech entrants in the market focusing on platforms and solutions for shared and connected economy. The future mobility technology ecosystem will probably witness the rise of new niche players who will stand to dominate their respective areas of specialty.

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