The total size of the micromobility telematics market was USD 1,924.9 million in 2023, which will power at a compound annual growth rate of 26.9% by the end of this decade, to touch USD 10,177.4 million by 2030. This has a lot to do with the vast acceptance of micromobility worldwide. With the fast integration of GPS, locking mechanisms, network services, smartphone connectivity, and optimization of fleet into such services, the industry will grow rapidly.

Bike sharing has developed as the most-prevalent shared mobility services in Germany, the U.S. France, and the U.K. Furthermore, the use of dock-less bike sharing systems by numerous startups has brought about the boom of the industry, by making these services prevalent.

E-bike and e-scooter sharing lets more individuals to move in less space. Additionally, the advent of numerous shared transportation services has formed many problems in cities, as well as riding in unauthorized areas, such as sidewalks and pedestrian-only zones, and unsuitable parking. Precise location data gathering and sharing can benefit in solving some challenges.

The bike sharing category had the largest share, of about 45%, and generate a revenue of over USD 4.5 billion in 2030. This is because of the rising awareness of the environment. Furthermore, the growing requirement for first- and last-mile mobility solutions is powering the popularity of bike sharing services and in line, the incorporation of telematics solutions.

The scooter/motorcycle category will grow the fastest in the future in the micromobility telematics market, with a rate of 27.3%.  Because of their high appropriateness, scooters/motorcycles, generally the electronic ones, are quickly emerging as a preferred choice amongst users for travelling to short-distances.

Based on technology, the embedded category led the way with a share of around 50%, in 2023. The embedded tech is preferred amongst end users as it offers fleet managers with instantaneous access to a vehicle’s whereabouts and allows improved communication with fleet operator systems.

The integrated technology will grow the fastest, at 27.2% rate, in the years to come. With further micromobility companies providing smartphone connectivity with the automobiles and for booking purposes, the use of the integrated tech is increasing.

APAC had the largest market share, of about 55%, in 2023 as a result of the region’s high investments in tech startups. In addition, micromobility industry stalwarts are having a focus on offering low-priced transportation services in the region, to attain the first-mover benefit.

Because of the vast acceptance of micromobility all over the world, the demand for micromobility telematics solutions is on the rise. This trend will continue to grow in the years to come as well.