Intelligent Mobility – driving a £1.4 trillion market

At its simplest, Intelligent Mobility is about moving people and goods around in an easier, more efficient and more environmentally-friendly way. It uses new ideas and new technologies to look beyond traditional, infrastructure-heavy approaches to transport, and to instead come up with innovative ways to improve mobility and make journeys better and accessible to all.

As well as making good sense for travellers, Intelligent Mobility also represents a massive business opportunity for the UK. Joint research by Connected Places Catapult (former Transport Systems Catapult) and Deloitte has found that by 2030 the global Intelligent Mobility industry could be worth around £1.4 trillion – with the UK well positioned to take full advantage, thanks to its world-class universities and significant clusters in aerospace, automotive powertrain, rail and marine.

This new market is projected to grow at a significantly faster rate than the transport sector as a whole, since it builds on existing infrastructure rather than looking to replace it. Intelligent Mobility promises faster journeys, smarter ticketing and hassle-free journey planning – without the need for new roads and railways or an increase in the number of vehicles.

Intelligent Mobility will create solutions that look significantly different from the transport methods we use today. But, to do so, it needs to draw upon expertise and insight from a much wider range of technical, social and regulatory fields than has been the case with traditional transport.

We identified three core sectors in which the UK is well positioned to play a leading role:

• Connected and Autonomous Transport focuses on the integration of automation and connectivity into the Intelligent Mobility system. While self-driving cars are one obvious example, these technologies will be introduced across all modes of transport. This sector was identified as the largest single component within the Intelligent Mobility industry, responsible for around £760 billion of the overall £1.4 trillion market.
• New Mobility Services refers to the provision of data-driven, dynamic and personalised on-demand transport – often replacing ownership of an asset (such as a car or van) with payment per trip or mile, or via subscription. This is seen as the fastest growing of the three core sectors, with a projected market value by 2030 of £430 billion.
• Open Data Platforms for Transport will serve the rapidly emerging market for data-dependent products and services that enable connected and autonomous vehicles and new mobility services to operate. With an estimated value in its own right of £200 billion by 2030, ODPT also has an essential supporting role for the Intelligent Mobility industry as a whole, due to the importance of open data in enabling the other sectors.

Our research has shown that the UK has the academic expertise, technological know-how, industrial strength and breadth (encompassing both big business and innovative SMEs) and openness to investment for it to play a leading role in the IM market. Further investment will be critical, however, particularly in terms of research and skills development, if we are to stay ahead of our nearest market rivals.

To learn more about Intelligent Mobility, see our Intelligent Mobility Publications and Research Papers.