Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Mobility as a Service Market size was USD 104.2 billion in 2024 and is estimated to reach USD 754.5 billion by the end of 2037, expanding at a CAGR of 20.1% during the forecast period, i.e., 2025-2037. In 2025, The industry size of mobility as a service (MaaS) is evaluated at USD 126.1 billion.
The global mobility as a service (MaaS) sales are driven by a complex, interdependent supply chain that integrates transport infrastructure, ICT system integrators, and energy & vehicle OEMs. As per the analysis by the U.S. Department of Transportation (DOT), federal infrastructure investments through the Bipartisan Infrastructure Law are providing more than USD 90.5 billion for public transportation modernization. Such investments are poised to increase the deployment of MaaS solutions. The growing sales of assembly lines for MaaS hardware components, including electric vehicle fleets and micro-mobility devices, are also influencing the overall market growth. The report by the U.S. Census Bureau highlights that the imports of transportation equipment increased to USD 32.8 billion in the fourth quarter of 2024. The increasing demand for AI-driven transportation analytics and autonomous systems is anticipated to fuel a high demand for advanced MaaS solutions.
Mobility as a Service Sector: Growth Drivers and Restraints
Growth Drivers
- Growing demand for autonomous vehicles: The rising demand for autonomous vehicles is expected to boost the adoption of MaaS solutions during the study period. MaaS platforms, including Waymo, are likely to integrate AVs for on-demand services. The digitalization and automation trends are driving the adoption of autonomous vehicles and, subsequently, mobility as a service solution application, in developing countries. The ongoing technological developments through public and private investments are estimated to boost the production of MaaS-powered automation vehicles in developing markets.
- Advancements in digital connectivity networks: The robust demand for advanced connectivity networks, such as 4G and 5G, and IoT technologies is augmenting the demand for real-time route planning and tracing MaaS solutions. According to the analysis by Research Nester, the global 5G market is projected to reach USD 669 billion by 2026. The growth in 5G innovation and expansion is poised to drive the trade of MaaS solutions in the years ahead.
Technological Innovations in the Mobility as a Service Market
The technological advancements are set to double-digit percent revenue growth opportunities for MaaS companies during the forecast period. The modernization of transportation systems and technologies is expected to fuel the sales of innovative mobility as a service solutions.
|
Technology |
Industry |
Company |
Adoption/Impact |
|
AI & Predictive Analytics |
Manufacturing & Logistics |
Siemens Mobility |
26.3% cut in maintenance costs for MaaS-integrated rail networks via AI-based diagnostics |
|
IoT & Telematics |
Automotive & Urban Mobility |
Toyota (KINTO) |
48.5% of KINTO vehicle fleet connected to IoT-based driver behavior analytics in 2024 |
|
Blockchain |
Financial Services |
BBVA |
38.8% reduction in fare transaction fraud with blockchain-based MaaS payment system |
AL and ML Integration in the Mobility as a Service Market
The incorporation of AI and ML is poised to propel the productivity and effectiveness of MaaS platforms. The tech-savvy end users are anticipated to augment the sales of AI and ML-powered MaaS systems in the coming years.
|
Company |
Integration of AI & Machine Learning |
Outcome |
|
Uber |
Employed AI-driven simulations for product development and dynamic route optimization |
Decreased time-to-market by 23.5% for new mobility features in 2024 |
|
Siemens Mobility |
Used AI-powered predictive maintenance for MaaS rail networks |
Achieved 30.2% cut in maintenance costs and 25.7% improvement in asset uptime |
|
Bosch |
Incorporated ML for autonomous vehicle sensor calibration and in-fleet predictive diagnostics |
Enhanced product quality by 15.3%, decreased operational downtime by 18.4% |
Challenges
- Inconsistent regulatory outlines: The uneven regulations across the different jurisdictions are estimated to limit the sales of MaaS solutions in the coming years. The regulatory fragmentation delays manufacturers' ability to introduce innovative mobility as a service solution worldwide. For instance, the World Trade Organization (WTO) study estimates that varying transport regulations inflate trade costs by nearly 15.8% in the ICT sector. This highlights that the uneven regulations are challenging the sales of MaaS companies.
- Lack of modern infrastructure: Mobility as a service depends on robust digital and physical infrastructure, such as 5G networks and EV charging stations. Scant infrastructure, particularly in price-sensitive markets, delays the launch of the latest technologies. This directly hampers the revenue growth of leading manufacturers. Furthermore, in 2023, the NITI Aayog revealed that only 10.3% of Indian cities have sufficient EV infrastructure, which poses a major barrier to MaaS adoption and scalability. To overcome such challenges, there is a need for infrastructure investments, both public and private.
Mobility as a Service Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
20.1% |
|
Base Year Market Size (2024) |
USD 104.2 billion |
|
Forecast Year Market Size (2037) |
USD 754.5 billion |
|
Regional Scope |
|
Mobility as a Service Segmentation
Service Type (Ride-Hailing, Car Sharing, Micro-Mobility, Public Transit, Shuttle Services)
The ride-hailing segment is projected to capture 38.1% of the global mobility as a service market share through 2037. Ride-hailing is emerging as the most sought-after service model for businesses. The prime factors boosting its sales are seamless accessibility, reduced operational costs, and strong demand for flexible urban transportation solutions. As per the analysis by the U.S. Department of Transportation (USDOT), initiatives such as Integrated Mobility Innovation (IMI) grants and Mobility on Demand (MOD) sandbox programs are contributing to the increasing adoption of app-based ride-hailing solutions. These efforts empowered pilot programs across over 59 + cities and offered services such as on-demand shuttles, microtransit, and shared taxi operations. Such government-supported programs are expected to empower organizations to enhance mobility offerings efficiently in the coming years.
Application (Personal Mobility, Business Mobility, Healthcare Mobility, Education & Campus Transport)
The personal mobility segment is poised to hold 41.5% of the global market share during the assessed period. The rapid urbanization, a growing demand for flexible commuting solutions, and increasing environmental consciousness are backing the application of MaaS for personal mobility. The European Environment Agency (EEA) states that in 2024, more than 71.5% of EU citizens chose low-emission personal mobility options, including e-bikes, scooters, or app-based ride-sharing services. Also, the U.S. Census Bureau study anticipates that around 44.5% of urban U.S. commuters utilized at least one app-based mobility service in 2024. These statistics highlight a swift shift toward non-ownership mobility models, mainly due to convenience, cost-efficiency, and sustainability. Personal mobility trend is expected to offer significant opportunities for businesses to meet evolving consumer needs during the foreseeable period.
Our in-depth analysis of the global mobility as a service (MaaS) market includes the following segments:
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Service Type |
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Application |
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Business Model |
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Customize this ReportMobility as a Service Industry - Regional Scope
North America Market Forecast
The North America MaaS market is anticipated to hold 33.5% of the global revenue share by 2037. The prime factors fueling mobility as a service solution sales are the rise in digital transportation policies and increasing investments in connected mobility. Supportive government polies and spending are expected to increase the production and commercialization of MaaS solutions in the years ahead. In 2023, more than 1.9 million U.S. households obtained MaaS access through federal broadband expansions. The growth in 5G infrastructure is also set to drive seamless connectivity in MaaS solutions.
The U.S. is expected to witness a swift rise in the sales of MaaS solutions during the foreseeable period. The government-led initiatives and advancements in digital infrastructure are contributing to the increasing MaaS demand. Government support for 5G network expansion and smart city projects is generating profitable opportunities for MaaS producers. The Federal Communications Commission (FCC) allocated nearly USD 9.2 billion to the 5G Fund for Rural America in 2023. This accelerated the deployment of vehicle-to-everything (V2X) communication and expanded the reach of connected mobility solutions. These initiatives are anticipated to uplift the position of the U.S. in the global market.
The MaaS solution sales in Canada are set to increase at a high pace in the coming years due to the favorable public plans and robust advancements in the wireless connectivity networks. The smart city projects are fueling innovation in urban mobility and further accelerating the demand for integrated transportation solutions. Through the Strategic Innovation Fund, Innovation, Science and Economic Development (ISED), the country invested over USD 1.3 billion to advance research and development in MaaS platforms. The rise in government spending on smart mobility is expected to create a profitable environment for MaaS producers.
APAC Market Statistics
The Asia Pacific mobility as a service market is projected to increase at a 19.7% CAGR between 2025 to 2037. The increasing demand for autonomous vehicles is opening fruitful doors for the MaaS manufacturers. Growing investments in smart transportation are likely to increase the adoption of MaaS solutions in the coming years. China and India are projected to emerge as win-win markets owing to the strong presence of end users. The know-how tactics are anticipated to drive innovations in the Japan and South Korea markets.
Sales of MaaS solutions are estimated to increase at a rapid pace in China due to the large-scale urbanization and advancements in regional transportation. Between 2018 and 2023, the Ministry of Industry and Information Technology (MIIT) allocated more than 44.5% budget for MaaS technologies. Government backing and consistent public-private investment strategies are expected to fuel the demand for innovative MaaS solutions in the coming years.
The India MaaS market is projected to exhibit the fastest CAGR throughout the forecast period. The rise in digital infrastructure expansion and investments in public transit is driving the attention of Maas technology investors. In 2023, the Ministry of Electronics and Information Technology (MeitY) and Department of Telecommunications (DoT) revealed that the 28.5% increase in MaaS government spending since 2015 has reached the annual budget of USD 850.5 million. This is increasing the number of new companies in the MaaS business. Mobile-first MaaS solutions are estimated to hold a dominant share throughout the study period.
Companies Dominating the Mobility as a Service Landscape
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The leading companies in the mobility as a service market are employing various organic and inorganic strategies to stand out in the crowd. Industry giants are focusing on new product launches and technological innovations to increase their sales. They are also entering into strategic collaborations with other players to boost market reach. Partnerships with public transport providers are projected to double their revenue shares in the years ahead. To increase product offerings, key players are adopting mergers and acquisition tactics. Also, to earn high profits, market players are entering into untapped regions.
|
Company Name |
Country of Origin |
Revenue Share 2024 |
|
Uber Technologies Inc. |
USA |
12.5% |
|
Lyft Inc. |
USA |
8.1% |
|
Daimler AG (Moovel Group) |
Germany |
6.4% |
|
Didi Global Inc. |
China |
6.2% |
|
Grab Holdings Inc. |
Singapore |
5.7% |
|
Ola Cabs |
India |
XX% |
|
Via Transportation |
USA |
XX% |
|
Cabify |
Spain |
XX% |
|
Transdev Group |
France |
XX% |
|
Gett Inc. |
Israel |
XX% |
|
GoCatch |
Australia |
XX% |
|
Kakao Mobility |
South Korea |
XX% |
|
Careem (Uber subsidiary) |
UAE |
XX% |
|
Easy Taxi |
Brazil |
XX% |
|
MyTaxi (now Free Now) |
Germany |
XX% |
|
Myanma Mobility |
Malaysia |
XX% |
Below are the areas covered for each company in the mobility as a service market:
In the News
- In March 2024, Daimler AG introduced an upgraded MaaS platform featuring AI-driven route optimization. This launch led to a 20.4% increase in customer adoption during the first half of 2024.
- In January 2024, Uber Technologies announced the launch of its Uber Transit integration for multimodal travel options. This strategic expansion contributed to a 15.4% increase in revenue during the first quarter of 2024.
Author Credits: Abhishek Verma
- Report ID: 3412
- Published Date: May 20, 2025
- Report Format: PDF, PPT
