Topic Discussed : Global Shared and Autonomous Mobility Industry Outlook, 2019
Speakers : Abhishek Iyer
Key Takeaways:
- Shared mobility business models are expanding their service portfolio to include new offerings such as mobility subscriptions, financial services and multi-modal services
- Technologies such as blockchain, artificial intelligence, IoT and development of autonomous systems are beginning to play a key role in shaping the shared mobility ecosystem
- Growing interest towards MaaS amongst users is expected to aggressively increase operator revenues to $1 billion over the next year. More companies and operators are expected to enter the MaaS market in 2019 with emerging opportunities for partnerships amongst OEMs, shared mobility providers and public transit agencies
- Market for micro mobility is booming with a large number of e-scooter start-ups. Scooter sharing services have received funding of more than $4 billion over the last two years complimenting their rapid expansion to new markets
- Global market for carsharing was worth $3.1 billion in 2018 while one-way carsharing accounted for over 60% of the membership share across Europe and North America
- Demand Responsive Transit (DRT) market is expected to witness high growth rates upwards of 300% in 2019 with key DRT operators recording more than 50,000 rides per month. DRT markets will also be one of the first markets to witness commercialization of autonomous technologies
- North American region will be a high growth market for ridesharing services while Europe continues to lead with revenues upwards of $4 million. Corporate ridesharing services are also expected to grow as more organizations are seeking sustainable mobility options for employees
- Global e-hailing market revenues are expected to cross $600 billion while leading players such as Uber, Lyft and Didi plan their IPO in 2019
- Growing partnerships between various OEM, mobility and technology companies for autonomous shuttle and robotaxi pilots coupled with greater participation and support from cities highlights aggressive efforts towards autonomous shared transportation
- Start-ups, OEMs and shared mobility providers such as Uber are also investing towards development of VTOL capable flying taxi services with aggressive goals to launch within the next 1-3 years
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