Asia Pacific Mobility as a Service (MaaS) Market Size Booming at Significant CAGR of 7% to Reach USD 7.6 Billion by 2030

Published | 05 March 2024

Asia Pacific Mobility as a Service (MaaS) Market is flourishing due to the increasing disposable income and growing awareness about harmful pollutions emitted by fossil fuel and traffic congestions.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia Pacific Mobility as a Service (MaaS) Market size at USD 4.75 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Asia Pacific Mobility as a Service (MaaS) Market size to expand at a CAGR of 6.92% reaching a value of USD 7.59 billion by 2030. The Mobility as a Service (MaaS) Market in Asia Pacific region is propelled by the increasing population, urbanization, and a necessity to reduce both CO2 emissions and traffic congestion. The market's expansion is further fueled by the growing urbanization and smart city initiatives, leading to heightened demand for technologically advanced products with improved connectivity and performance. Also, in the urbanized landscapes of Asia Pacific, public transportation serves as a vital catalyst for economic activities. Hong Kong, with its populace exceeding seven million, heavily depends on public transport, and Singapore witnesses an average daily ridership of 6.4 million. This increasing reliance on public transit is reshaping commuter perspectives on mobility. Preferences for options, convenience, and contactless payment methods are pivotal factors propelling the adoption of public transit in the Asia Pacific region. Simultaneously, these factors are driving the surge in demand for comprehensive MaaS platforms.

Opportunity – Integration with existing systems

Integration with existing systems enhances the Asia Pacific Mobility as a Service (MaaS) Market. Singapore's introduction of the SimplyGo app exemplifies the growing trend, enabling users to plan and pay for citywide trips seamlessly. MaaS platforms, like SimplyGo and Japan's Navitime, offer commuters a unified digital interface for planning and paying across diverse transport modes, addressing the rising demand for integrated services in the region. While MaaS is nascent in parts of Asia Pacific, it presents a substantial opportunity for tech and payment companies to collaborate, providing comprehensive solutions that mitigate urbanization challenges like congestion and pollution. The potential extends to offering valuable data for optimizing transit programs.

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Impact of Geopolitical Tensions on Asia Pacific Mobility as a Service (MaaS) Market

Intensifying geopolitical tensions can significantly impact the Asia Pacific Mobility as a Service (MaaS) Market by disrupting cross-border collaborations, regulatory frameworks, and supply chains. Increased political uncertainties may lead to restrictive policies affecting the seamless integration of transportation services across the region. Currency fluctuations and trade restrictions can impact investments and partnerships, hindering the growth of MaaS initiatives across the region. Moreover, geopolitical tensions may create an environment of caution for international investors, potentially slowing down the development and adoption of innovative mobility solutions. Overall, the Asia Pacific Mobility as a Service (MaaS) faces challenges in achieving its full potential amid geopolitical uncertainties.

Asia Pacific Mobility as a Service (MaaS) Market

Segmental Information

Asia Pacific Mobility as a Service (MaaS) Market – By Operating System

Based on operating system, Asia Pacific Mobility as a Service (MaaS) Market is divided into Android, iOS, and other (Linux, Symbian OS, Blackberry OS, Windows, and KaiOS) segments. The android segment holds the highest share in the Asia Pacific Mobility as a Service (MaaS) Market by operating system. The increasing embrace of MaaS among Android users is driven by its user-friendly interface and seamless integration with the Android platform. Tailored MaaS application for Android devices provide a smooth and accessible experience, capitalizing on the widespread use of Android smartphones. Additionally, the expanding user base in emerging markets contributes to the growth of this segment.

Asia Pacific Mobility as a Service (MaaS) Market – By Country

The in-depth research report on the Asia Pacific Mobility as a Service (MaaS) Market covers the market in the region’s major countries including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China dominates the Asia Pacific Mobility as a Service (MaaS) Market and is expected to maintain its dominance throughout the forecast period. The growth in these countries is attributed to the increasing population and urbanization in developing nations, which contributes to the expansion of the MaaS market. Furthermore, the region is experiencing a surge in initiatives to reduce vehicle emissions and alleviate traffic congestion, further propelling the Asia Pacific Mobility as a Service (MaaS) Market.

Competitive Landscape

The Asia Pacific Mobility as a Service (MaaS) Market is fragmented, with numerous players serving the market. The key players dominating the Asia Pacific Mobility as a Service (MaaS) Market include Moovit Inc., Cubic Corporation, Uber Technologies Inc, Splyt Technologies Ltd, STRIDES, Siemens Mobility, T-Systems International GmbH, SkedGo, and Innovation in traffic systems SE. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the Asia Pacific Mobility as a Service (MaaS) Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Asia Pacific Mobility as a Service (MaaS) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia Pacific Mobility as a Service (MaaS) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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