What Makes Smart Mobility Technology So Relevant Now and In the Future?

Insight categories: Digital TransformationIoTMobilityAutomotive

Smart mobility is a safe, reliable and competent solution for the automotive, as well as other industries. Empowered by tailored automotive software development, services in this segment have expanded to more collaborative efforts across multiple markets.

By taking this perspective, the global market for smart mobility has experienced rapid growth in recent years and is expected to continue its ascendence in the future.

Several factors are contributing to the growth of the market across the globe, including the increased use of Big Data as a service, the Internet of Things, the use of Artificial Intelligence, the rise of on-demand transportation services, the increased performance of autonomous vehicles, as well as the overall growth of investments in shared mobility services. There is no doubt that companies that aim to include innovation and authenticity in their offerings have already found methods to enhance smart mobility and reduce emissions, accidents, and ownership costs.

This article will explore some of the trends and technologies that are driving smart mobility advancements and making them a worthwhile investment.

Table of Contents

Smart Mobility Trends That Highlight the Value of Technological Innovation

Connectivity, digitalization, real-time communications, and collaboration are essential to the success of smart mobility and smart cities. Having these aspects in place will improve smart mobility, helping smart cities achieve their goals of improving air quality, reducing congestion, and enhancing sustainability. Now let’s take a look at the trends connected to these elements.

  • Autonomous Vehicles

The news media indicate that autonomous vehicles are slowly approaching a point at which they can be safely integrated into urban mobility, making them worthy of attention for a smarter city. A well done integration of technology and accurate mapping insights is crucial to ensuring the safety of autonomous vehicles.

  • Connected and Automated Parking

With technologies like the Internet of Things, which can provide excellent service to customers while also positively impacting urban areas, many engineering and technology companies are focusing on fully connected, automated mobility. Innovative solutions allow businesses to create a safer, more convenient, more comfortable, and more efficient space for moving and parking – at home, at work, and in public spaces.

  • MaaS and MoD Solutions

There is an increasing trend in urban mobility related to Mobility as a Service (MaaS) and Mobility on Demand (MoD). This model, in which services are brought into focus, has led companies to seek the most efficient ways to improve user experiences. For private and public organizations, mobility is becoming a service that can be rented and paid for even at a flat rate, if desired. In order to maximize travel networks and balance supply and demand through software development teams focused on building MaaS mobile and web apps, companies can collect consumer movements and analyze them.

  • Online Car Sales and Subscription Services

As Mobility-as-a-Service (MaaS) has grown, some auto manufacturers are increasingly testing subscription car services in small quantities to determine consumer acceptance in various regions. In addition to testing the market and working on technological advancements, players in the segment are also exploring new business opportunities in the segment.

As a result of the pandemic, revenue from online auto retailers, aftersales, and services are expected to increase in the near future. To respond to restrictions on retail openings for non-essential businesses, auto dealers digitalized and adhered to the trend of growing e-commerce and personal travel.

  • Commingled Services

Another arising trend is the commingling of public transport services to enhance urban mobility services. In part, this is due to the fact that more and more people are seeking fast, convenient, and seamless transportation solutions that can take them from point A to point B quickly.

Hence, companies that adopt a high-tech business model to develop integrated mobility solutions are more likely to gain the recognition of loyal customers as well as attract new customers.

  • Multimodal Transport

A business model similar to commingled services involves transportation of goods under a single contract but using two or more modes of transportation. This can be accomplished by combining more than one form of transportation, such as road, rail, sea, or air.

This is just one of the reasons why multimodal transport models are becoming an increasingly significant challenge for rapidly growing companies. Allocating multiple transport modes optimally requires the efficient management of complex data sets. Applications that utilize state-of-the-art technology not only result in operational efficiency but also provide a competitive advantage.

  • Sustainable Mobility Strategies

With sustainability becoming increasingly important for the mobility of today and tomorrow, geospatial technologies that assist in urban mobility are defined by quality and intelligent design.

The need for smart mobility strategies can be confirmed by examining cities where the population is willing to accept new intelligent solutions or has already implemented one and is now reaping the benefits. For instance, dynamic systems are used to provide visitors with real-time information about parking conditions, occupancy rates in various parking lots, and serious traffic disruptions.

  • Shared Mobility and Micromobility

The rise of shared mobility has led many tech companies operating in automotive to find ways to integrate various modes of transportation into a single mobility service, making it a user-centric approach to mobility. The major focus of these companies has been on making route planning easy and simplifying payment methods.

It is also important to note the potential of micromobility, especially with the tremendous upswing in urban bicycle use driven by the availability of e-bikes and bike sharing programs. With the continued development of eScooters and edge computing technologies, the micromobility transportation model is extremely sustainable. With such solutions, many companies can benefit from designing technology for scooter sharing, bike sharing, e-scooter sharing, and more that can improve efficiencies and optimize both smart cities and workforces, as well as increase productivity.

  • Electric Vehicles

Electric vehicles are currently one of the most widely discussed topics. E-bikes, e-scooters, electrical cars, and hybrids are all paving the way for sustainable transportation – the segment has the capability of bringing together actors from multiple markets to design and implement innovative solutions capable of achieving the sustainability promise.

Software will enable EV users to enjoy new experiences previously unavailable in gasoline vehicles. Similar to other technological trends, connected and integrated experiences will be expected, with smart features aimed at improving passenger safety, reducing the environmental impact, wireless charging, and remotely monitoring and maintaining vehicles.
As mobility trends become more diverse, more intelligent, more shared, and cleaner, so are the ways in which technology is approaching the industry.

Technologies That Enable Smart Mobility

Smart mobility has become the backbone of modern cities, connecting all of the elements that make a city function. For urban residents to get to school, work, socialize, and shop, efficient and innovative transport systems are essential.

Technologies such as the Internet of Things and Artificial Intelligence are revolutionizing automotive manufacturing and management, and coupled with the effective use of Big Data, the automotive industry is thriving in its digital transformation towards a cleaner, lighter, and more efficient future.

What impact do they each have?

The rapid growth of data and the change in technology have created a data landscape that is always in flux, increasing the management challenge. Here is where automotive tech companies turn to Big Data for improvement.

Aside from autonomous vehicles, AI can also be used in many other aspects of smart mobility. By predicting renewable energy generation and assessing risks, such as outages and leaks, artificial intelligence has improved the efficiency of energy grids. As well as forecasting customer traffic and optimizing city transit systems, AI is also used in parking management to reduce parking-related congestion by analyzing available parking against demand.

Sensors in vehicles and transportation devices are a great use of the IoT, helping them understand, interact with, and navigate their environments. As a result, vehicles move in harmony, aware of and communicating with one another. The result is less traffic, more eco-friendly transportation, and greater accessibility.

When applied to EVs, IoT technology has even more importance. As a result of this technology, EV charging stations became smarter, connected, easier to access, and easier to maintain. IoT-powered AI software further analyses conditions like weather, queues, and charging times to provide users with real-time charging information.

In essence, smart mobility is about enhancing the efficiency, effectiveness, and sustainability of the systems and connections that make up modern cities.

In this context, one of the most challenging tasks is to identify the appropriate technologies and adapt them to the appropriate settings in terms of organizational structure as well as urban or rural infrastructure. Leaders in smart mobility must address pain points common to the industry and focus on scenario-based solutions in order to move beyond the limitations of simple technological interventions in order to reimagine society today, and more importantly, how it might be in the future.

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