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Micromobility Telematics Market Overview
The global micromobility telematics market mainly includes sharing of bikes, kick scooters, and scooters/motorcycles. Micromobility sharing offers alternative solutions to traditional shared mobility services for transportation, including ridesharing, carpooling, and carsharing. These help in reducing road congestion, urban pollution, and time consumption in commute. Charges are mainly based on fixed charge and usage-period, such as minutes or hours taken to complete the ride, and can vary depending on the time of the day.
To enable the micromobility service in a specific area, it requires mainly fleet optimization, software, and battery tracking, which are done through telematics systems. Telematics, mainly, consists of a telematic device and an on-board computer, which record ride data and allow a user to unlock the vehicle through a smartphone app. The software installed in the device supports in ride booking, fleet management, invoicing, vehicle-tracking, and data analytics. Some of the sharing service providers in the micromobility telematics market include Bird, Lime, Jump, Citi Bike Yulu, and Mobike.
The micromobility telematics market can be categorized into bike, kick scooter, and scooter/motorcycle, based on vehicle type. Among these, the bike category dominated the market throughout the historical period (2016–2019). This is due to the widespread presence of bicycle fleet worldwide and its growing usage across the globe.
The market, on the basis of sharing type, can be categorized into dock-less, station-based, and hybrid. Among these, the dock-less category held the largest market share in 2019. This is ascribed to the less capital requirement in establishing dock-less sharing service, as it does not require specific stations to park the vehicles at the end of the ride.
The market can be categorized into GPS, software, network service, locking, fleet optimization, and others, based on system type. Among these, software is expected to hold significant market share in 2019, as it lays the foundation for the telematics system in a micromobility vehicle.
Geographically, the micromobility telematics market can be categorized into North America, Europe, Asia-Pacific (APAC), and Latin America, Middle East, and Africa (LAMEA). Globally, North America is expected to generate significant market share during the forecast period (2020–2030). This can be attributed to the rising demand for micromobility services in the region and growing awareness about the environment. Moreover, the benefits provided by micromobility services, such ease of use, health benefits, and economic transportation mode, are further driving the market growth.
Dynamics of Micromobility Telematics Market
The micromobility telematics market is witnessing growth as it offers solutions to address first- and last-mile connectivity issues of public transport and assuring economical & reliable transportation mode for daily commuters. It enables users to connect with the public transit with greater convenience and reduce dependency on cars in reaching the destination. Due to these features, degree of acceptance of the micromobility services is growing rapidly. Moreover, these services help in reducing the urban road congestion specifically in metro cities, as these require lesser operational space than cars and reduce travel time significantly.
Vandalism and theft of vehicles, fleet mis-management, and regulatory hurdles are observed as major restraints in the market. Some service providers are simply flooding the market with two-wheelers rather than managing them in a centralized way. At many places, vandalism has been witnessed and it is observed that the vehicles are not parked properly after ride completion, leading to vehicle cluttering on roads and streets, making it consequential to face ban on the service providers.
Competitive Landscape of Micromobility Telematics Market
The global micromobility telematics market is fragmented in nature, with the presence of several solution providers offering various types of services and solutions. Some of the popular telematics solution providers are Conneqtech BV, ProMobi Technologies Pvt. Ltd., Scalefusion (formerly MobiLock Pro), Vulog SA, INVERS GmbH, Sensefields SL, PBSC Urban Solutions Inc., and Bewegen Technologies.
The report covers country-wise micromobility telematics market analysis. Some of the major countries covered in the report are the U.S., Canada, the U.K., France, Germany, Italy, Finland, Spain, the Netherlands, Belgium, Austria, China, Japan, Australia, India, Brazil, and Mexico.
Micromobility Telematics Market Size Breakdown by Segment
The Micromobility Telematics market report offers comprehensive market segmentation analysis along with market estimation for the period 2016–2030.
Based on Vehicle Type
Based on Sharing Type
Based on System Type
Based on Region