About Mobility Technologies
The term mobility technology is commonly used to refer the mobile devices such as smartphones and tablets for business purposes. The technologies have emerged to help the various industry verticals such as IT, Medical, Defence, and more. The increasing use of smartphones and the adoption of the mobility services like Bluetooth, IoT, wearable technology, and augmented technology are driving the growth of the market. These industries are preferring modern technologies over traditional ones which are also fuelling the growth of the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 31.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Mobility Technologies market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qualcomm Inc. (United States), Sierra Wireless (Canada), Apple Inc. (United States), Samsung Electronics Corporation Ltd. (South Korea), Nuance Communication Inc. (United States), Intel Corporation (United States), Texas Instruments (United States), Atmel Corporation (United States), STMicroelectronics N.V. (Switzerland), Autotalks Limited (Israel), Harris Corporation (United States) and Motorola Solutions, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Daifuku Co., Ltd. (Japan) and Dematic GmbH & Co., KG. (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Mobility Technologies market by Type (Bluetooth, Wearable Technology, Mobile Augmented Reality and Wireless Gigabit), Application (Electronic Products, Cars, Medical Equipment and Other) and Region.
On the basis of geography, the market of Mobility Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Software will boost the Mobility Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. BFSI will boost the Mobility Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumer Preferences for Wireless Connectivity
Market Growth Drivers:
Increasing Demand for Smart Devices and Increasing Adoption of Modern Technology Over Traditional
Challenges:
Slow Penetration in The Developing Areas
Restraints:
High Cost of The Modern Technologies
Opportunities:
Advancement of The Technology and Increasing Adoption by The Small Organizations
Market Leaders and their expansionary development strategies
In December 13, 2023, May Mobility, a leader in the development and deployment of autonomous vehicle technology, has announced a strategic partnership with MOTER Technologies, a leading provider of edge computing data science software for the automotive industry.
In April 2024, Namma Yatri, an open network-based auto rickshaw-hailing platform, has rolled out its cab services in Bengaluru. The company has already onboarded over 25,000 cab drivers in the city and plans to add another 100,000 in the next six months. This strategic shift not only enhances driver income but also fosters improved vehicle maintenance and elevated customer experiences
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Mobility Technologies, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.