Global demand for passenger mobility is expected to double by 2050.
An average driver spends about 108 hours a year stuck in traffic jams in Los Angeles, which costs the city almost $20 billion.
A car commuter in London or New York spends as much as $500 a month on parking-related costs.
Can cities look to innovation to address these escalating urban mobility issues?
Frost & Sullivan has launched a pioneering Global Mobility Research & Analysis that covers 100 cities and tracks 150+ parameters across all aspects of Smart Mobility that are crucial to form a holistic idea about city mobility performance and future outlook, including:
The 100 cities tracked capture the changing dynamics of urban mobility and provide a strategic imperative on the future of mobility with more than 85% of global mobility innovation and initiatives, smart city pilots and digital labs, industry collaborations, policy and regulations, and investment.
The mobility landscape in cities is transforming rapidly. Discrete, siloed, and narrow definitions of transportation are giving way to broader, more inclusive and sustainable concepts of mobility. The future of mobility will be highly integrated, electric and autonomous and will be aimed at improving user travel experience. Strategic collaborations among important stakeholders, both public and private, in terms of operating models, car usage, multimodal journey planning, and also payment options will drive Smart Mobility objectives in cities.