Prepared for Gene B. | Delivered November 28, 2019
Smart Mobility Market in SE Asia
To find the breakdown of the smart mobility market in SE Asia by smart city , shared mobility , electric charging , mobility related fintech , and smart logistics.
The smart transport market in Asia Pacific was sized at
in 2012. The market is projected to grow at a compound annual growth rate (CAGR) of around
McKinsey estimated that the market for smart mobility applications in SE Asia could be as large as
, while opportunities to make the built environment smarter could be worth up to
The global smart transportation market will grow from
in 2017 to
by 2023, at a CAGR of
"The major factors driving the smart transportation market are rising
urban population and high demographic rates
, the incresing adoption of connected and smart technologies in the transportation infrastructure, and the increasing free trade agreements."
"In terms of CAGR, APAC is expected to account for the
highest growth potential
in the smart transportation market during the forecast period (2016-2023). This growth can be attributed to the increasing transportation spending and the adoption of the smart transportation technology in China and India."
821 assignments | 5.0