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Mobility-as-a-Service Market size is set to grow by USD 639.92 billion from 2024-2028, Increase in use of smart connected devices boost the market, Technavio

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NEW YORK, May 30, 2024 /PRNewswire/ — The global mobility-as-a-service market size is estimated to grow by USD 639.92 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 35.15%  during the forecast period. 

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Segment Overview 

Service 1.1 Ride hailing1.2 Car sharing1.3 Bus sharing and othersVehicle Type2.1 Cars2.2 Buses2.3 Two-wheelersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Ride hailing-  The ride-hailing segment in the mobility-as-a-service market is experiencing significant growth due to its flexibility and affordability. Major players, Uber and Lyft, are increasing brand awareness through extensive advertising efforts. Ride-hailing services offer reduced waiting times, real-time location updates, and advanced pricing algorithms. Millennials are particularly drawn to these user-friendly services. Urbanization and rising disposable income are also driving market growth. These factors will continue to fuel the expansion of the ride-hailing segment during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Mobility-as-a-Service Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 35.15%

Market growth 2024-2028

USD 639.92 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

32.55

Regional analysis

APAC, Europe, North America, Middle East and
Africa, and South America

Performing market contribution

APAC at 46%

Key countries

US, China, Japan, France, and UK

Key companies profiled

Aptiv Plc, Avis Budget Group Inc., Beeline.com
Ltd., Bolt Technology OU, Communauto Group,
EAN Services LLC, Europcar Mobility Group SA,
GoEuro Corp., Greenlines Technology Inc., GT
Gettaxi UK Ltd., Hertz Systems Ltd. Sp. z.o.o,
Lyft Inc., MaaS Global Oy, Mercedes Benz
Group AG, MOBIKO GmbH, Mobius Mobility
LLC, movmi Shared Transportation Services
Inc., Sway Mobility Inc., Tranzer BV, and Uber
Technologies Inc.

Market Driver

The mobility-as-a-service (MaaS) market is experiencing significant growth due to the increasing interest from independent car-hailing companies and automotive manufacturers. Notable players, such as Daimler AG, Uber Technologies Inc., and BMW AG, are investing in developing their own MaaS platforms.

Uber aims to expand its mobile app into a multimodal platform, offering seamless access to car-hailing, bike-sharing, and public transit networks. Automobile manufacturers, including Daimler AG’s Moovel Group, Volkswagen AG, General Motors, and Tesla, are also investing in MaaS platforms to broaden their service offerings. These investments will fuel the growth of the global MaaS market during the forecast period. 

The Mobility-as-a-Service (MaaS) market is experiencing significant growth, with technologies like Transit API and Real-time Electronic Ticketing becoming key drivers. Carbon-neutral modes of transport such as bike-sharing and ride-sharing are trending, with companies providing comprehensive solutions including parking and traffic management.

Consumers are increasingly looking for convenient, cost-effective, and sustainable transport options. The use of vehicle provisioning and traffic prediction technologies is also on the rise, enabling seamless and efficient mobility solutions. The market is expected to continue growing, with a focus on enhancing user experience and promoting sustainable transport. 

Market Challenges

The mobility-as-a-service market faces challenges due to the high power consumption and bandwidth requirements of connected devices, particularly in transportation. Seamless connectivity for multiple devices necessitates high-bandwidth networks. Expensive Internet connections with sufficient bandwidth are necessary for managing devices and sensors in transportation vehicles.Vendors must implement MaaS solutions to reduce bandwidth usage and optimize network traffic. Accessing cloud-based data requires efficient IT systems and high bandwidth for faster retrieval. Cloud-based solutions offer benefits such as faster data access and smooth operations. However, connectivity issues, data isolation, and low bandwidth in cloud-infrastructure can hinder market growth.The Mobility-as-a-Service market is experiencing significant growth, with an increasing number of consumers turning to transportation solutions that are convenient and efficient. However, this market also faces several challenges. One challenge is the integration of various modes of transportation, such as cars, buses, trains, and bikes, into a seamless and interoperable system. Another challenge is the development of cost-effective and sustainable solutions that can cater to the diverse needs of consumers.Additionally, ensuring the security and privacy of user data is a major concern. Furthermore, traffic management and congestion are ongoing issues that need to be addressed to ensure the smooth operation of Mobility-as-a-Service systems. Lastly, regulatory frameworks and policies need to be put in place to ensure the safe and reliable operation of these services.

Research report provides comprehensive data on impact of trend, driver and challenges – Request a sample report!

Research Analysis

In the rapidly evolving mobility landscape, Technology plays a pivotal role in transforming traditional Transportation modes. The emergence of Ride sharing and Car sharing services, along with Bike commuting and Public transport, is revolutionizing consumer behavior. Smart Cities are embracing these innovations, integrating them with Infrastructure and 5G/4G LTE networks for seamless Journey planning and Utilization.

Electric Vehicles and Commercial vehicles are key components of this transition, reducing Carbon dioxide emissions. However, Trust remains a critical factor, with safety and Government support essential for widespread adoption. Consumers increasingly demand awareness and knowledge of various Transportation modes, including Wi-Fi connectivity during their Journey. Accidents and infrastructure challenges necessitate ongoing improvements.

Market Research Overview

The Mobility-as-a-Service (MaaS) market refers to the delivery of various forms of transportation services through a single interface, allowing users to plan, book, and pay for multiple modes of transport as part of a single journey. This concept integrates various modes of transport, including public transportation, ride-hailing services, bike-sharing, and car-sharing, among others. MaaS aims to provide a seamless and efficient transportation experience, reducing the need for personal vehicle ownership and promoting sustainable mobility solutions.

The market is driven by factors such as increasing urbanization, growing demand for flexible and convenient transportation options, and the integration of advanced technologies like artificial intelligence and the Internet of Things. MaaS is expected to significantly impact the future of transportation, offering a more integrated, efficient, and sustainable solution for urban mobility.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceRide HailingCar SharingBus Sharing And OthersVehicle TypeCarsBusesTwo-wheelersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Space Cybersecurity Market worth $8.59 billion by 2031 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Space Cybersecurity Market is expected to be valued at USD 5.52 billion in 2026 to USD 8.59 billion by 2031, at a CAGR of 9.2% during the forecast period.

Browse 200 market data Tables and 100 Figures spread through 300 Pages and in-depth TOC on ” Space Cybersecurity Market – Global Forecast to 2031″

Space Cybersecurity Market Size & Forecast:

Market Size Available for Years: 2021–20312026 Market Size: USD 5.52 billion2031 Projected Market Size: USD 8.59 billionCAGR (2026–2031): 9.2%

Space Cybersecurity Market Trends & Insights:

The space cybersecurity market is developing as government and defense organizations, commercial satellite operators, and space agencies require stronger protection for satellite networks, ground infrastructure, communication links, and mission-critical systems. Advances in encryption, identity and access management, threat detection, security analytics, cloud security, and secure satellite communications are enabling space systems to operate more securely against evolving cyber threats. Cybersecurity investments are also supporting wider adoption of integrated security solutions across satellite communications, Earth observation, navigation and PNT, mission planning and control, data processing, and launch operations.The Asia Pacific space cybersecurity market is expected to exhibit the highest CAGR of 12.0% between 2026 and 2031.The services segment is expected to register the highest CAGR of 10.1% between 2026 and 2031.The defense segment is estimated to account for the largest market share in 2026.Thales, General Dynamics Corporation, Viasat, Inc., Leonardo S.p.A., and Booz Allen Hamilton Inc. were identified as some of the key players in the space cybersecurity market (global), given their strong market share and product footprint.CYSEC, SpiderOak Inc., Spaceit, Xage Security, Inc., and QuSecure, Inc., among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders. 

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The market is expanding as defense organizations, commercial satellite operators, and government agencies increase investments in cybersecurity solutions to protect satellites, launch vehicles, ground stations & gateways, command and control centers, and critical space infrastructure. Demand is also being supported by the need for secure satellite communications, protection of mission-critical data, continuous threat monitoring, and operational resilience. Advances in encryption, identity and access management, intrusion detection, secure software architectures, and cybersecurity monitoring are improving protection against unauthorized access and cyberattacks. Modern space cybersecurity systems are also enabling secure software updates, automated threat detection, and stronger protection of interconnected satellite and ground networks. The European Space Agency’s Cyber Security Operations Centre, inaugurated in May 2025, demonstrates the increasing use of integrated cybersecurity monitoring to protect satellites, ground stations, and mission control systems.

The space cybersecurity industry is moving toward standardized security architectures and integrated cybersecurity solutions that can protect multiple space assets through common security systems. This approach enables satellite operators, defense organizations, and space agencies to secure satellites, ground stations, communication networks, and mission control systems while sharing encryption, authentication, threat detection, and security monitoring capabilities. The European Space Agency (ESA) uses a multiplatform cybersecurity architecture with shared security functions across space and ground infrastructure, helping improve security management, reduce integration complexity, and support consistent protection across different space missions.

By asset type, satellite segment to account for largest market share during forecast period

The satellite segment is expected to retain the largest share and register the fastest growth as commercial satellite operators, defense organizations, and government agencies increase investments in protecting satellites against cyber threats. Demand is supported by expanding LEO, MEO, and GEO satellite networks, secure communication requirements, onboard cybersecurity integration, and protection of satellite command systems. In May 2026, the European Space Agency (ESA) highlighted cybersecurity developments under its General Support Technology Programme, including secure onboard computing, encryption, and protected satellite communication systems.

By end user, defense segment to account for largest market share during forecast period

The defense segment is expected to retain the largest market share, based on end user, because military organizations depend on secure satellite communications, navigation, intelligence gathering, surveillance, and mission-critical command systems. Defense space programs require cybersecurity solutions to protect classified information, satellite control networks, communication links, and ground infrastructure against unauthorized access and cyberattacks. Increasing investments in military satellite constellations, secure communication architectures, encryption technologies, and continuous cybersecurity monitoring are supporting demand for satellite protection, threat detection, identity and access management, and mission security services.

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North America to account for largest market share during forecast period

The space cybersecurity market in North America is supported by US defense space programs, commercial satellite deployments, government cybersecurity initiatives, and investments in secure space infrastructure. The region benefits from the presence of companies such as Lockheed Martin Corporation, Northrop Grumman Corporation, General Dynamics Corporation, Viasat, Inc., and Leidos Holdings, Inc. The National Institute of Standards and Technology (NIST) published NIST IR 8401, providing a cybersecurity framework for protecting satellite ground segment operations and command and control systems. Growing deployment of military and commercial satellites is supporting demand for network security, encryption, threat monitoring, and cybersecurity services across the region.

Thales (France), General Dynamics Corporation (US), Viasat, Inc. (US), Leonardo S.p.A. (Italy), and Booz Allen Hamilton Inc. (US) are among the major players in the space cybersecurity companies. These companies have established distribution and service networks across regions such as North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

See More Latest Aerospace and Defence Reports:

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Space Propulsion Market Size, Share and Trends By Platform (Satellite, Launch Vehicle), Type (Solid, Liquid, Electric, Hybrid), Component (Hall-Effect Thrusters, Biopropellant, Propellant Tanks, Rocket Motor, Nozzle, PPU), End User, Services and Region – Global Forecast to 2031

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HawkEye 360 Successfully Launches Cluster 16 with Advanced Collection and Downlink Capabilities

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Dedicated satellite cluster introduces advanced antenna technology designed to support simultaneous RF collection and mission data downlink

HERNDON, Va., Oct. 23, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced the successful launch of Cluster 16, a three-satellite cluster featuring advanced antenna technology designed to expand the flexibility and capacity of the Company’s space-based RF collection architecture.

Cluster 16 launched aboard Rocket Lab’s Electron rocket as part of the dedicated mission, “We’re Not Hawking Around,” from Rocket Lab Launch Complex 1 in New Zealand. Following deployment into an inclined orbit, HawkEye 360’s space operations team successfully established communications with all three satellites and began the commissioning process.

The launches of Clusters 15 and 16, deployed just three days apart from launch sites on opposite sides of the world, demonstrate HawkEye 360’s ability to manage a complex global launch cadence. With rideshare capacity increasingly constrained, the Company has secured launch opportunities through 2028 to maintain constellation continuity, preserve flexibility, and support evolving customer mission requirements.

Cluster 16 also includes advanced antenna capabilities supporting the simultaneous collection of multiple RF signal types and mission data downlink. Together, Clusters 15 and 16 are the first HawkEye 360 satellites designed with this capability, increasing collection opportunity while enabling faster delivery of mission data to customers.

Cluster 16 will provide dedicated capacity in support of a HawkEye 360 customer, demonstrating the Company’s ability to configure and operate its space-based collection architecture around defined customer requirements and specific operational priorities.

“Cluster 16 advances both the capability and flexibility of our constellation,” said John Serafini, Chief Executive Officer of HawkEye 360. “Simultaneous collection and downlink allow us to make better use of time on orbit, increasing our ability to collect signals while moving mission data to the ground more efficiently. Combined with dedicated capacity, this gives us another way to tailor our architecture around the operational needs of our customers.”

The three satellites will operate in formation to detect, characterize and geolocate RF signals from space. Once commissioning is complete, Cluster 16 will expand HawkEye 360’s capacity to support defense, intelligence and security missions with timely, shareable signals intelligence.

About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical signal intelligence to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the U.S. Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of the RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding the availability and capabilities of the Company’s products, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s quarterly report on Form 10-Q dated August 14, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

 

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SOURCE HawkEye 360 Inc.

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/R E P E A T — Media Advisory – Parliamentary Secretary Bardeesy to announce investments for research talent, interdisciplinary research and indirect cost of research/

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HAMILTON, ON, Oct. 22, 2026 /CNW/ — On behalf of the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, Karim Bardeesy, Parliamentary Secretary to the Minister of Industry, will announce the results of multiple federal research grants that will help attract and retain talent, strengthen research security and support discoveries.

Parliamentary Secretary Bardeesy will be joined by Normand Labrie, Interim President of the Social Sciences and Humanities Research Council of Canada.

The announcement will be immediately followed by media availability.

Date: Friday, October 23, 2026

Time: 8:45 a.m. (eastern)

Location: Hamilton, Ontario

Members of the media are asked to register at communications@chairs-chaires.gc.ca to receive event location details and confirm their attendance.

Stay connected

Canadian Science: X, Facebook 

Tri-agency Institutional Programs Secretariat: X- @TIPS_SPIIE and LinkedIn – @TIPS-SPIIE 

SOURCE Government of Canada

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