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IoT Solutions for Micro Mobility Market Size, Share, Industry, and COVID-19 Impact Analysis, By Vehicle Type (E-bike, E-scooter, Moped, Dock-less Scooters, and Others), By Application Type (Delivery Service, Shared Services, Free-floating Sharing, Corporate Sharing, and Station-based Sharing), By Component (Hardware, Software, Subscriber Identity Module (SIM), and Sensors), By Feature (Rider Application, Dashboard, Analytics, and Telematics), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106972 | Status : Ongoing

 

KEY MARKET INSIGHTS

Micro mobility is defined as traveling for a short distance using light vehicles, usually single-person vehicles such as scooters, bicycles, e-bikes, and pedelec. The operating speed of such vehicles is low, around 25 km/h (15 mph).


Increasing micro mobility services and heavy experiments in further development of micro mobility solutions are some drivers for this market. Rapid population growth and urbanization worldwide force governments and consumers to switch from conventional to micro mobility vehicles. Additionally, this will be a significant driver of the global IoT solutions for micro mobility market in the coming years. Although there are some challenges in the market, such as vandalism, theft, improper parking of vehicles, and unavailability of the required infrastructure, the essential ongoing developments in the market are expected to outpace them during the forecast period.

The Internet of Things (IoT) offers manufacturers opportunities to leverage connectivity with other key benefits. The number of connected products in various applications has increased. The availability of IoT in areas, such as entertainment, security, and environmental benefits, is driving the IoT market significantly. The world is witnessing technological advancements due to the success of the IoT due to its security, scalability, and sustainability, resulting in the successful launch of IoT solutions by various customers around the world.


  • For instance, in May 2022, European scooter operator Bolt (Tallinn, Estonia) announced a sharp increase in the use of its scooters, with 500% rise in trips in March 2022 from 2021. The company has announced funds in investment plans in 2022 to expand electric scooter and bicycle operations further and develop solutions to improve user experience and safety. As a result, Bolt will expand its fleet to more than 230,000 electric scooters and bikes in more than 250 cities by the end of 2022, up from 170 cities last year.


Impact of COVID-19 on the Global IoT Solutions for Micro Mobility Market


The COVID-19 pandemic has devastated the global business. Global industries are currently facing economic challenges from the market. The market is in a recession, which makes trading difficult during this period. The pandemic has disrupted the market's supply chain system. In addition, the demand for micro mobility is declining overall. The automotive industry is suffering from global mobility restrictions. Micro mobility vehicles, on the other hand, are enjoying increasing popularity in some areas. Short-haul travel is common during pandemic. Additionally, the global IoT solutions for micro mobility market share is expected to expand post-pandemic, driven by rising sales of new energy vehicles and a focus on trends such as connected cars, telematics, and internet connectivity.

Key Insights


The report will cover the following key insights:


  • Key Industry Developments – Mergers, Acquisitions, and Partnerships

  • Porter’s Five Forces Analysis

  • PEST Analysis

  • Technological Developments

  • Impact of COVID-19 on the Global IoT Solutions for Micro Mobility Market


Analysis by Vehicle Type


An IoT system can be easily installed to control and monitor an e-scooter, e-bike, moped remotely, or other vehicles, allowing the user to send commands and deploy the vehicle and monitor its real-time location and track faults.

The e-bike segment dominates the global IoT solutions for micro mobility market. E-bikes are reliable, reasonable, easy to ride, and help people move & live sustainably, which are gaining popularity in several countries. They are replacing conventional bicycles while they have already replaced fossil fuel-powered mopeds and small motorbikes in countries such as China.


  • For example, in November 2021, Comodule, an e-bike connectivity pioneer from Estonia, released a new IoT-driven product for the rise of the micro mobility and connectivity industries.


Regional Analysis


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Geographically, this market is segmented into North America, Asia Pacific, Europe, and the rest of the world. Europe is the dominant region in the market. Various micro mobility vehicle manufacturers from Europe are partnering with IoT solution providing companies to upgrade their vehicles with IoT-based hardware and software. The global IoT solutions for micro mobility market growth is being driven by rapidly increasing demand from the first and last-mile delivery and scooter sharing markets, which is prominent in Europe. Manufacturers’ investments in R&D activities in IoT micro mobility solutions and partnerships are expected to propel the European market during the forecast period.


  • For instance, in May 2022, Comodule launched its most eco-friendly e-scooter in the micro mobility segment. It is 90% recyclable and has a life expectancy of five years, which is currently 2-20 times longer than other e-scooters in the market. 


Key Players Covered



  • Comodule (Estonia)

  • Twilio Inc. (U.S.)

  • Joyride Technologies Inc. (Canada)

  • Telenor Connexion AB (Sweden)

  • Helm.ai (U.S.)

  • Ambarella (U.S.)

  • Taoglas (Dublin)

  • Otonomo Technologies Ltd (Israel)

  • Voi Technology AB (Sweden)

  • Hangzhou RiDi Technology Co. Ltd (China)

  • INVERS GmbH (Germany)


Segmentation




















By Vehicle Type


By Applications


By Component


By Feature


By Geography



  • E-bike

  • E-scooter

  • Moped

  • Dock-less Scooters

  • Others




  • Delivery Service

  • Shared Services

  • Free-floating Sharing

  • Corporate sharing

  • Station-based sharing




  • Hardware

  • Software

  • Subscriber Identity Module (SIM)

  • Sensors


 

 



  • Rider Application

  • Dashboard

  • Analytics

  • Telematics




  • North America (U.S., Canada, Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)



  • Asia Pacific (China, Japan, India, and the Rest of APAC)

  • Rest of the World



Key Industry Developments



  • In March 2022, Helm.ai (U.S.) collaborated with Ambarella (U.S.) and artificial intelligence vision Silicon Company to create a line of smart and cost-effective computer vision-based Advanced Driver Assistance Systems (ADAS) products for the global market.

  • In January 2022, Otonomo Technologies Ltd. partnered as a vehicle data platform with Audi AG in compliance with the General Data Protection Regulation (GDPR). Audi’s customers and business partners can create consumer offers that improve the user experience with access to comprehensive actionable vehicle data

  • In May 2021, Joyride Technologies Inc. partnered with Apaya. This mobile payment gateway offers merchants a fully localized experience for its users to pave the way for open banking and various non-conventional payment methods.

  • In October 2021, Twilio (California, U.S.) announced the launch of a unique automation platform that helps marketers deliver exceptional omnichannel campaigns fit for the digital era.





  • Ongoing
  • 2023
  • 2019-2022

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