Market Statistics
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The global micro-mobility market is witnessing unprecedented growth, driven by the increasing need for efficient transportation solutions in densely populated urban areas. With a market size valued at USD 63.10 billion in 2024, the sector is projected to reach USD 142.19 billion by 2030. Key factors fueling this growth include rising vehicle ownership costs, urban congestion, and the demand for eco-friendly transit options. As cities strive for sustainability, micro-mobility solutions like e-scooters and e-bikes are emerging as essential modes of transport, bridging the gap between first and last-mile travel needs.
Key Players
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Despite the rapid growth of the micro-mobility market, several challenges exist, notably the increasing incidences of e-bike vandalism and theft. These issues could hinder further adoption and investment in micro-mobility solutions. However, the expansion of shared mobility platforms and advancements in battery technology present substantial opportunities. By integrating connected features and improving user experience, the market can enhance operational efficiency and create value-added services, driving further adoption of micro-mobility solutions in urban environments.
By Product Type:
By Power Propulsion:
By Speed Range:
By Ownership Type:
By Sharing Type:
- Here, dockless sharing systems are gaining traction worldwide owing to the various challenges being faced by docked systems in terms of limited space, accessibility, convenience, and the requirement for public grants.
By End User:
By Region:
- Asia-Pacific region is projected to lead the global micro-mobility market throughout the 2025–2030 period.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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The Asia-Pacific (APAC) automotive radar market is at the forefront of technological innovations aimed at enhancing vehicle safety and driving comfort. Valued at approximately USD 2.69 billion in 2024, the market is anticipated to surge to USD 12.99 billion by 2030, propelled by the increasing adoption of Advanced Driving Assistance Systems (ADAS) and the rise of autonomous vehicles. With a projected CAGR of 31%, the APAC automotive radar market is thriving on the backbone of strict safety regulations, advancements in radar technology, and growing consumer demand for enhanced automotive features.
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The automotive radar market in the APAC region faces challenges such as the inability of some radar systems to distinguish multiple targets effectively, particularly in crowded environments. This limitation can affect the reliability and efficiency of radar technology, posing a restraint to its adoption. However, the opportunity lies in the increasing government initiatives aimed at promoting electric vehicles and enhancing safety features, which can significantly drive the demand for automotive radar systems. The convergence of advanced technologies, such as LiDAR and camera systems with radar, delivers an enriching potential for developing next-generation automotive radar products.
Market Divided, By Range:
Market Divided, By Propulsion:
Market Divided, By Vehicle Type:
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Market Divided, By Application:
Market Divided, By Country:
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us:
MarkNtel Advisors LLP
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
For Sales Enquiries: sales@marknteladvisors.com