Internet of Things: How it Helps Micro-Mobility Sector in Overcoming the Challenges
The Internet of Things (IoT) has influenced almost every sector, including micromobility. With the rising number of companies exploring the micro-mobility sector, the challenges in this sector are increasing.
The reason why there has been a constant rise in the demand for IoT technology in the micro-mobility sector is to have better solutions to overcome the challenges that have surfaced with the growth in this sector.
Introduction to Micro Mobility
The concept of micro-mobility includes small vehicles that are capable of seamlessly navigating in populated metropolitan areas. In the cities, several micro-mobility vehicles are available such as standard bikes, electric rickshaws, e-scooters, and e-bikes.
The vehicles under the category of micro-mobility are designed especially for short trips and travel at a speed under 15 MPH. These vehicles do not depend on the inner combustion of the engines but are powered using electric motors.
Micro mobility vehicles may be owned privately but are mostly used as shared vehicles and maintained by a private entity or municipal governments.
The vehicles under micro-mobility are also preferred, mostly in densely populated places, as they help in providing convenient and quick transportation options. People often used them to reach nearby locations such as entertainment venues and grocery stores.
How IoT Helps in Solving the Challenges Related to Micro-Mobility?
The Internet of Things (IoT) refers to a system connected with multiple computing devices, digital machines, animals, people, or objects with unique identifiers (UIDs).
This technology helps in passing a massive amount of data over any network without the requirements of any interaction between humans to computers or humans to humans.
The micro-mobility sector is facing several types of challenges which are difficult to track and face. IoT helps in tracking such challenges easily and allows manufacturers to take required steps remotely.
Market Insight of IoT Solutions for Micro Mobility
Micro mobility vehicle manufacturers are constantly collaborating with IoT providing companies with the focus of upgrading vehicles and making them much safer with IoT software and hardware.
The demand for global IoT solutions for the micro-mobility market is growing majorly because of the high demand for kick scooter-sharing and first and last-mile delivery markets.
As per the BIS Research reports, the global IoT solutions for micro-mobility market value was at $3.4 billion in 2020, which is estimated to touch $26.3 billion by 2031 with a CAGR of 17.39%.
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Factors pushing the growth of the market
- Increasing micro-mobility services
- Increasing investment in the area sector of micro mobilities
- Rising demand for last and first-mile transportation
- Rising road congestion
Challenges Faced by Micro Mobility Sector
- Compliance with Revised Governmental Norms
With the rising competition and population among the automotive players, the development of micro-mobility vehicles is not that easy anymore. Several regulations need to be followed by the micro-mobility manufacturers.
These laws are different as per the city or state around the world. Some of the common laws are speed limit, vehicle capping, parking laws, etc. Adhering to the government is a hurdle for micro-mobility companies.
To overcome the issues, micro-mobility companies require to track several vehicle metrics like speed, time taken, route, and parking information.
This can be achieved with accuracy only with the adoption of IoT devices such as sensors and global positioning system (GPS) trackers.
Using IoT, the vehicles can be controlled wirelessly and updated with the city regulations. In case of wrong parking, the IoT sensors automatically pass a warning to the rides and help in choosing the right space.
- Riding Behavior
Controlling the driver’s behavior is yet another added benefit of using IoT in micro-mobility.
Let’s understand with an example:
Alex uses a scooter to reach his workplace. Being a responsible citizen, he is supposed to drive in the right manner within the specified lane and speed limit.
However, Alex doesn’t always follow the rules, and something even exceeds the speed limits. Like Alex, several people drive roughly, which increases the chances of accidents.
Rash driving is not only a problem for drivers but also for the companies of the concerned cars and such accidents can even get these companies to recall their vehicles, be engaged in lawsuits, or get them permanently banned due to high number of accidents.
To avoid such a crisis, micro-mobility companies have started using apps that send alerts to the drivers in case of rush driving. The information is collected using the IoT-based sensors attached to the vehicle and later passes the formations to the apps that analyze them.
This feature of IoT technology also helps the new riders in raising the vehicles in a much safer manner on the roads.
Currently, the micro-mobility market is aiming toward developing more electric scooters and bikes in metropolitan cities. These vehicles are constantly increasing the use of IoT-based sensors and GPS trackers to provide more safety and information to the drivers.
In the coming years, the use of IoT for micro-mobility will have a positive impact on increasing the demand for micro-mobility vehicles.
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