PUBLISHER: The Business Research Company | PRODUCT CODE: 2036020
PUBLISHER: The Business Research Company | PRODUCT CODE: 2036020
Mobility technology encompasses tools and systems that allow users and devices to move freely while maintaining uninterrupted access to network services and data. It supports seamless communication across locations and networks via wireless connectivity, handoff/roaming, mobile devices, and location management, facilitating services like mobile internet, voice, messaging, and location-based applications.
The key components of mobility technology include hardware, software, and services. Hardware refers to physical devices and equipment that enable mobility solutions, including sensors, communication modules, and processing units. Types include Bluetooth, wearable technology, mobile augmented reality, and wireless gigabit, leveraging technologies such as autonomous driving systems, electric vehicle technology, connected car platforms, and mobility as a service (MaaS). Applications cover public transportation, ride-sharing services, fleet management solutions, and last-mile delivery, serving end users in consumer electronics, automotive, healthcare and medical devices, industrial equipment, and other sectors.
Tariffs on imported semiconductors, communication modules, and telematics hardware are impacting the mobility technology market by increasing manufacturing and deployment costs, particularly affecting hardware and connected car platform segments. Regions reliant on global electronics supply chains such as North America and Europe are most affected, especially automotive and consumer electronics applications. Higher component costs may slow rollout of advanced mobility solutions; however, tariffs are also encouraging domestic production of mobility hardware, diversification of suppliers, and innovation in software-driven mobility platforms, strengthening long-term ecosystem resilience.
The mobility technology market research report is one of a series of new reports from The Business Research Company that provides mobility technology market statistics, including mobility technology industry global market size, regional shares, competitors with a mobility technology market share, detailed mobility technology market segments, market trends and opportunities, and any further data you may need to thrive in the mobility technology industry. This mobility technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mobility technology market size has grown exponentially in recent years. It will grow from $10.49 billion in 2025 to $14.05 billion in 2026 at a compound annual growth rate (CAGR) of 34.0%. The growth in the historic period can be attributed to expansion of mobile broadband networks, proliferation of smartphones and connected devices, growth of ride sharing platforms, increasing demand for gps-based navigation, rising enterprise adoption of fleet management systems.
The mobility technology market size is expected to see exponential growth in the next few years. It will grow to $45.56 billion in 2030 at a compound annual growth rate (CAGR) of 34.2%. The growth in the forecast period can be attributed to increasing deployment of 5G and next generation wireless networks, rising adoption of connected and autonomous vehicles, growing demand for mobility as a service solutions, expansion of real-time data analytics in transportation, increasing investment in smart city mobility infrastructure. Major trends in the forecast period include increasing adoption of seamless network roaming technologies, rising demand for real-time location-based services, growing integration of wearable and connected mobile devices, expansion of fleet optimization and route planning platforms, rising deployment of wireless gigabit and high-speed connectivity solutions.
The increasing adoption of electric vehicles (EVs) is anticipated to drive the expansion of the mobility technology market in the coming years. An electric vehicle operates using electricity stored in batteries and emits little to no direct pollutants compared to traditional fuel-powered vehicles. The acceleration of EV adoption is fueled by rising environmental awareness, as electric vehicles contribute to lowering greenhouse gas emissions, reducing air pollution, and supporting global climate change mitigation initiatives. Mobility technology facilitates electric vehicles by providing advanced systems for battery management, optimizing charging infrastructure, navigation, and connected vehicle services. These technologies enhance energy efficiency, enable real-time route planning, and support seamless integration with smart grids, improving vehicle performance and overall user convenience. For example, in 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global electric vehicle sales rose by 3.5 million units in 2023 compared to 2022, reflecting a year-on-year growth of 35%. Hence, the rising adoption of electric vehicles is propelling the growth of the mobility technology market.
Leading companies operating in the mobility technology market are focusing on developing innovative solutions, such as high-voltage coolant heaters, to improve electric vehicle (EV) battery efficiency and optimize thermal management for enhanced performance and extended battery lifespan. A high-voltage coolant heater is an electric heating component used in electric and hybrid vehicles to rapidly warm battery or powertrain coolant, improving energy efficiency, cabin heating performance, and battery operation in low-temperature conditions. For example, in November 2025, Shanghai Highly (Group) Co. Ltd., a China-based manufacturing company, launched an advanced thermal management system for electric vehicles aimed at optimizing battery temperature control and enhancing overall energy efficiency. The solution incorporates indirect heat pump technology, next-generation scroll compressors, and low-temperature thermal solutions that increase heating efficiency by up to 20% even in environments below -30°C. These innovations enable the reuse of waste heat from electric motors and power electronics, extending driving range in cold climates while offering multiple comfort modes for year-round operation.
In June 2025, indiGOtech, a US-based electric vehicle company, acquired Clevon for an undisclosed amount. With this acquisition, indiGOtech aims to accelerate its EV, AV, and transport service offerings by integrating unmanned delivery robotics into its SmartWheels Flow EVs to provide safer and more efficient ride-hailing and last-mile delivery fleets. Clevon is an Estonia-based manufacturing company that offers mobility technology.
Major companies operating in the mobility technology market are Volkswagen Aktiengesellschaft, Toyota Motor Corporation, Ford Motor Company, BMW Group, Hyundai Motor Company, Tesla Inc., Nissan Motor Corporation, BYD Auto Co. Ltd., Daimler AG, ZF Friedrichshafen AG, Magna International Inc., Volvo Car Corporation, Uber Technologies Inc., Aptiv PLC, Audi AG, Li Auto Inc., NIO Inc., Rivian Automotive Inc., Mobileye Global Inc., Waymo LLC, Lucid Group Inc., Zoox Inc., and ChargePoint Holdings Inc.
North America was the largest region in the mobility technology market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobility technology market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mobility technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mobility technology market consists of revenues earned by entities by providing services such as ride-hailing and shared mobility, fleet management, and traffic and transportation management. The market value includes the value of related goods sold by the service provider or included within the service offering. The mobility technology market also includes sales of vehicle-to-everything (V2X) communication devices, charging solutions, and mobility analytics tools. Values in this market are 'factory gate' values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mobility Technology Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses mobility technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mobility technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The mobility technology market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.