Global Micro-mobility Charging Infrastructure market outlook 2024, Forecast To 2033
4 Mar, 2024
The micro-mobility charging infrastructure market has witnessed exponential growth, climbing from$5.66 billion in 2023 to$7.06 billion in 2024, reflecting a compound annual growth rate (CAGR) of 24.9%. This growth is attributed to the viability of businesses and market competition, improvements in user experience, increased consumer adoption and demand, the rise of micro-mobility services, and the focus on urbanization and last-mile solutions. Forecasts suggest continued exponential growth, with the market anticipated to reach$16.36 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 23.4%. Factors driving this growth include market competitiveness, demand for user convenience, environmental concerns, and integration with public transport networks. Major trends in the forecast period encompass financial viability, urbanization strategies to address congestion, environmentally conscious solutions, and collaboration with urban planners.
Global Micro-mobility Charging Infrastructure Market Key Driver
The growing use of mobile devices is expected to propel the growth of the micro-location technology market going forward. A mobile device is a compact hand-held gadget with a touch-screen display and other capabilities. Mobile devices utilize micro-location-based technology to determine the in-house location of any assets, persons, or other equipment. For instance, in February 2023, according to a report published by Uswitch Limited, a UK-based online and telephone comparison, and switching service, 71.8 million mobile connections were active in 2022, which is an increase of 3.8% from 2021. There will be 68.3 million people living in the UK by 2025, and 95% of them will have smartphones in their hands. Therefore, the growing use of mobile devices is driving the growth of the micro-location technology market. The 2023, 2024, and 2028 market size values underscore the increasing adoption of micro-location technology solutions as businesses and consumers seek more accurate and efficient ways to track assets and provide location-based services.
Get A Free Sample Of The Global Micro-mobility Charging Infrastructure Market ReportGlobal Micro-mobility Charging Infrastructure Market Segments
The global micro-location technology market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Bluetooth Low Energy, WiFi, Near Field Communication, Beacons, Other Technologies
3) By Application: Proximity Marketing, Asset Management
4) By End Use: Healthcare, Transportation and Logistics, BFSI, Sports and Entertainment, Commercial
By Geography: The regions covered in the micro-mobility charging infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the micro-location technology market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micro-location technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Micro-mobility Charging Infrastructure Industry Players
Apple Inc., Cisco Systems Inc., Google LLC, CenTrak Inc., Humatics Corporation, Hewlett Packard Enterprise Development LP, Sewio Networks, Siemens AG, Zebra Technologies, Ubisense Group, Aruba Networks, Kontakt.io, Ruckus Networks, Estimote Inc., Camco Technologies nv, Quuppa Intelligent Locating System, Mist Systems, Inc., DecaWave Limited, Redpine Signals, Visible Assets Inc, Gimbal Inc., Bluvision, Pole Star, Inpixon, Pointr, IndoorAtlas Oy, KIO RTLS, Locatify, MERIDIAN, Navisense GmbH, sensewhere Ltd., Hexagon AB, Broadcom Inc., MiTAC Digital Technology Corporation
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Micro-mobility Charging Infrastructure Market Overview
Micro location technology refers to the process of locating an individual's placement within a few inches or feet using numerous technologies. It is used to determine the location accurately, both indoors and outdoors individual's placement.
Micro-mobility Charging Infrastructure Global Market Report 2023 provides data on the global micro-mobility charging infrastructure market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The micro-mobility charging infrastructure market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.