UK smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising urbanization and presence of an established automotive industry. The huge expansion of smart cities in the country is further rising the advancement in the technologies for smart transportation, including the adoption of IoT, AI, and automation. In 2017, Glasgow was named as the world’s leading smart city by the Government of UK. There are several projects in UK related to the deployment of smart city infrastructure, which is creating new opportunities for the growth of the smart transportation market in the country. Manchester’s Triangulum Project, Hull’s Smart City Project, Smart London Together, Bristol is Open, and Future City Glasgow, are some of the most renowned smart city projects in UK, involving the transformation of transportation, which is leading to the growth of the market in the country.
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The smart transportation market is classified on the basis of transportation mode and application. Based on transportation mode, the market is segmented into railways, airways, roadways, and maritime. Based on application, the market is segregated into ticketing management system, parking management system, traffic management system, and others. The smart transportation market will be driven by the roadway’s transportation. The roadway smart transportation market is estimated to project a considerable CAGR during the forecast period. This is due to the rising cross-border trade of the country with the neighboring economies, supported by the smart city initiative of UK.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
UK Smart Transportation Market – Segmentation
By Transportation Mode
- Railways
- Roadways
- Airways
- Maritime
By Application
- Ticketing Management System
- Parking Management System
- Traffic Management System
- Others (Integrated Supervision System)
The Report covers:
- Comprehensive research methodology of the UK smart transportation market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK smart transportation market.
- Insights about market determinants which are stimulating the UK market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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