People are evolving, so are technologies to accommodate their needs and comfort. The technologies that existed in the pre-pandemic era have been replaced with more modern ones equipped with modern amenities. Cities are getting smarter as well as sustainable with the adoption of technologies.
Now that efforts are being made to keep carbon emissions on check, and sustainable ways are being explored to keep the environment clean while meeting all the connectivity requirements, mobility trends are falling in place.
Economic and environmental factors such as rising fuel prices and economies shifting to greener and sustainable transportation to decrease the carbon footprint drive the micromobility market demand worldwide.
As the market grows, associated sub segments such as electric two wheelers fleet businesses and battery manufacturing, swapping, and charging infrastructure register concurrent growth.
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Here are the top mobility trends that are going to change the way people travel, in 2023:
Shared mobility
McKinsey’s report forecasts that micromobility has the potential to reach a consumer-spending of $300 billion to $500 billion globally by 2030, which comprises of both shared and private micromobility.
The pandemic has slowed down the use of public transport drastically, however the sector is recovering and people are moving towards shared mobility option especially the two wheelers. e-kick scooters to e-bikes are becoming popular for small distances and last mile delivery purposes.
Moreover, organizations are also investing in developing infrastructure for their employees to share vehicles en-route to office, since the workforce is coming back to office.
Autonomous driving
The autonomous vehicle model is being adopted by many top auto manufacturers and suppliers to prevent and reduce road accidents, and to eliminate human errors. With the new and fast ways of connectivity entering the market like 5G, big data, human machine interface (HMI), integration of AV has become one of the most sought after technology.
As IDTechex highlights that autonomous trucks are on the cusp of real-world use, and next-generation sensor technologies are being deployed on vehicles.
They have also forecasted that the concept of robo shuttle-powered future will see small, shared vehicles will be able to operate more flexible than a bus.
Flying Taxis
Air taxis are going to revolutionize the way people commute. How? They are going to ease the transport infrastructure issues of growing cities and simplify congestions.
Developers believe that with safety certification and clearance in place, air taxis will provide pleasant, fast and efficiency in terms of travelling. They will also make emergency responders work easy and quick.
Reports suggest that the investment in the advanced aerial mobility sector has almost tripled in 2021-22 and according to Morgan Stanley, the global air taxi market is expected to reach $3.27trillion by 2050.
Electric vehicles
2021 saw a 35% increase in the number of electric vehicles (EVs) sold than those sold in the last five years combined and by November 2022, UK registered sale of more than 30,000 new EVs.
People are inclining more towards the eco-friendly options and so are the manufacturers to cut down their carbon emissions, to if not stop but reduce the effects of climate change. Automobile giants have recently started investing heavily in the electric models of their cars. In many countries the government is working on modifying the infrastructure to accommodate the future electric vehicles.
Reports suggest that by 2025, 20% of the total cars in the globe will be electrically run and by 2030, all the petrol run cars will be banned from use in order to reach net zero emissions.
Turbocharging
Since there is too much pressure on the fuel consumption and reduce carbon emissions, automobile manufacturers are looking for alternative methods to compensate the fuel demands with something better and efficient. This is where turbochargers have made their way to give new life to diesel engines and other gasoline engines.
One of the major advantages of turbocharging making it to the list of top mobility trends that we will see in 2023 is because it is able to faster the speed, make the engines perform better without damaging it.
According to Allied Market Research, the global turbocharger market is expected to garner $24.23 billion by 2027, growing at a CAGR of 5.3% from 2020 to 2027. The need for engine downsizing to reduce vehicle weight, government regulations, and improved engine performance and fuel efficiency drive the demand for turbochargers.
