Lucintel's latest market report analyzed that mobility as a service provides attractive opportunities in the ride-hailing, ride sharing, carpool, rental, micro mobility, bus sharing, and train services. The mobility as a service market is expected to reach $XX billion by 2028 with a CAGR of 16% to 18%. In this market, electric is the largest segment by vehicle, whereas ride-hailing is largest by service. Rising government initiatives are facilitating the adoption of MaaS and introduction of driverless evolution in the new age of accessible autonomy provides strategic growth path in this market.
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Based on vehicle, the mobility as a service market is segmented into ICE, electric, hybrid electric, and CNG/LPG. The electric segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising demand for vehicles with low emissions, rapid electrification in transportation systems, and growing demand for electric vehicles that can transmit location and state of charge information to a central data system.
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The Mobility as a Service Market is marked by the presence of several big and small players. Some of the prominent players offering mobility as a service include ANI Technologies, Lyft, Uber Technologies, Beijing Xiaoju Technology, Grab Holdings, Hertz Global Holdings, and Avis Budget Group.
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