According to Goldstein Research, “Smart mobility is an intelligent solution which makes transportation safer, easier, more efficient and environmentally friendly. Israel is emerging as a leading nation in developing companies and technologies to deploy smart mobility technology across the country. Advance technological solutions developed by Israel transportation sector provide impressive and innovative solutions which reduce the safety concerns and thereby accelerating the growth of smart mobility market in Israel.”
Israel Smart Mobility Market Outlook 2024
Israel smart mobility market is segmented on the basis of solutions, by services and by technology. Technology segment is further bifurcated into 3G and 4G, Wi-Fi, GNSS/GPS, RFID and embedded systems. RFID segment is estimated to witness huge demand during the forecast period, due to its implementation in traffic management and signal management systems for the collection of data. RFID posts the data into the data centre which helps in accurate traffic monitoring. RFID segment is expected to hold 40% share of Israel smart mobility market in 2024.
Israeli companies are focusing on innovative system for the expansion of smart mobility business in the country. Companies such as Moovit are working to connect users to public transportation. Moreover, companies such as Aquarius and Softwheel are working to improve the vehicle efficiency. Such initiatives are likely to drive the growth of Israel smart mobility market during the forecast period.
Smart Mobility Adoption: Creating Huge Investment Scope for Israeli Startups
Rising environmental awareness and high fuel prices are leading towards high expenditure on mobility by automakers. Governments are focusing to develop a sustainable individual mobility strategy that includes resource management and environmental safety. Governments are also promoting for safer transportation with low CO2 emissions by the automotive sector which results in the wide adoption of smart mobility solutions by auto giants. OEMs are now investing into advance technologies for the manufacturing of cleaner, eco-friendly and zero-emission vehicles. In 2016, Israel based cloud computing company Ravello was acquired by Oracle for USD 500 million and Cisco invested USD 320 million in Israeli chip-design startup Leaba. These investments are likely to accelerate the growth of Israel smart mobility market in the near future.
“Israel Smart Mobility Market” report for the forecast period of 2016-2024, contains detailed overview of the Israel Smart Mobility Market in terms of market segmentation by solutions, by services and by technology.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Israel Smart Mobility Market also provides competitive outlook of some of the major players of Israel Smart Mobility Market which includes profiling of companies such as Harman International Industries, Inc., Via Transportation, Inc., Cortica, Gett, Innoviz Technologies. Inc., Volkswagen, Toyota, Siemens, General Motors, Ford Motor Company, Cisco, Renault-Nissan, Robert Bosch, LG Electronics Co ltd., nVIDIA, Daimler, Fiat, Intel, Karamba Security and Otonomo. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the Israel Smart Mobility Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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