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.
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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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)
Company Profiles
- Advantech Co., Ltd.
- ALSTOM Holdings
- Bentley Systems, Inc.
- Cisco Systems, Inc.
- Conduent Business Services, LLC
- Cubic Corp.
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- Intel Corp.
- Kapsch Group
- Oracle Corp.
- Parsons Corp.
- SAP SE
- Siemens AG
- Stantec Inc.
- Thales Group
- The Descartes Systems Group Inc.
- Toshiba Corp.
- Trimble, Inc.
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