Continuous rise in recent developments in smart city projects will escalate UK smart transportation market

UK smart transportation market is projected to grow at a significant CAGR of around 14.8% during the forecast period (2020-2026). The market for smart transportation in UK is projected to grow at a high rate during the forecast period, backed by the rising focus of the government on the deployment of smart city infrastructure by introducing smart city projects across the country. The market players are continuously developing advanced technology-based solutions for the smart transportation in UK.

• In November 2020, Transport for Greater Manchester (TfGM) has signed a partnership agreement with Vivacity Labs with an aim to roll out the AI-controlled smart traffic junctions to drive the traffic management in the country.
• In November 2020, Diode, a start-up based in UK, has secured $193,540 (~£146,000) in grant funding from Innovate UK to augment its development in UK. The start-up will use the funds in the development of a fully-automated software solutions for organizations, businesses, and individuals.
• In November 2020, a mobile division of Toyota, Kinto, announced the use of Fleetondemand’s Mobilleo platform to engage the new multi-modal services in UK.
• In October 2020, Tyne and Wear Passenger Transport has announced to secure around $132 million of Government investment to improve public transport system.   

Browse the full report description UK Smart transportation Market Size, Share & Trends Analysis Report by Transportation Mode (Railways, Airways, Roadways, and Maritime) and by Application (Ticketing Management System, Parking Management System, Traffic Management System, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/north-american-smart-transportation-market

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID 

o Most affected segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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)