United Kingdom(UK) Industrial IoT Market Overview, 2029

United Kingdom(UK) Industrial IoT Market Overview, 2029

The UK capitalizes on the call of evolving global markets by leading in IIoT for increased economic growth through smart manufacturing, sustainable practices, and digital resilience. Several major drivers drive growth in the UK—a strong focus on digital transformation, supported by government initiatives and funding programs as key stimulus. Made Smarter is the kind of program that creates the productivity growth sought-after by demanding more digital technologies inside manufacturing. The sophisticated manufacturing sector of the UK—in particular, aerospace, automotive, and pharmaceutical—now also does not fall behind in IIoT deployment for productivity, efficiency, and competitiveness improvement. Moreover, impetus given to sustainable and energy-efficient manufacturing processes bodes well for the diffusion of IIoT technologies, thus boosting market growth. Edge computing, which allows for real-time data processing at source, reducing latency, and AI and ML augmented increasingly for predictive maintenance, quality control, and process optimization, are some of the recent trends extending the UK's IIoT market. The 5G network, with its rollout, is expected to support larger and more complex IIoT deployments by providing better and more reliable connectivity. Digital twins are also under development for creating virtual replicas of physical assets for better monitoring and maintenance, while sustainability initiatives drive the development of energy-efficient IIoT solutions to help industries reduce their carbon footprint and improve resource management. The UK government has been very proactive in promoting the digitalization of its industrial sector through various policies and initiatives. The ""Made Smarter"" initiative is one of the strategic programs between transforming UK manufacturing by encouraging the adoption of digital technologies and supporting innovation. The ISCF makes money available for funding applied research into the development and deployment of innovative IIoT solutions. Besides, the government has also launched a spate of programs designed to enhance digital skills and support SMEs in the embrace of IIoT technologies, thereby generally contributing to market growth.

According to the research report ""UK Industrial IOT Market Overview, 2029,"" published by Bonafide Research, the UK Industrial IOT market is anticipated to grow at more than 13% CAGR from 2024 to 2029. Digital technology is being harnessed in most aspects of our life, be it commercially or in our personal lives. The critical sector that is digitizing in the UK is the energy sector. Artificial Intelligence and IoT are such emerging digital technologies that help us move as a nation towards a cleaner, more efficient form of energy. Now more than ever, it has become important to embrace green energy-related tools as we talk about the issues related to this very same important topic in achieving the net-zero targets in the future. Examples range from the offshore wind turbines in Liverpool Bay to the hydropower projects in Dinorwig Power Station in North Wales. Things like geothermal energy can also be managed remotely, opening up more time and resources for work aiming at improving worker safety. It has also made possible the use of systems like SCADA and performance management systems in IoT. An IIoT workforce is needed to drive the real digital transformation of the industrial sector in the UK. The responsibility of universities and technical/vocational schools increases for these specializations: IoT, data science, and industrial automation.

AI and machine learning take the capabilities of an IIoT system to new heights with higher-order analytics and decision-making tools in areas of increased adoption. 5G networks will come to provide speed and reliability of connectivity, thus giving way to larger IIoT deployments. Growing attention toward cybersecurity ensures that measures will be devised to protect against cyber threats. Government subsidies, usually in the form of different initiatives and funds, will be projectively on track toward the continuous development and diffusion of IIoT. The industry in the United Kingdom is very different; some areas are rapidly becoming a hotspot for IIoT adoption. The Midlands, with key manufacturing and automotive industries, leads in IIoT applications for smart factories and predictive maintenance. A large number of technology firms and startups dealing in IIoT solutions exist in the South East, particularly the area around London, driven by active support for R&D efforts in the region. Scotland applies IIoT to process optimization and energy management, with its energy sector. Heavy investments are made by industrial giants such as Rolls-Royce, BT Group, and Siemens UK in IIoT technologies through internal R&D and strategic acquisitions. Very common, too, are public-private partnerships—collaborative projects between governmental entities and private companies that set up pilots to scale IIoT solutions across different sectors, thereby driving further market growth.



The UK Industrial IoT market is an extremely dynamic and very fast-growing sector that is increasing its potential through innovation, collaborative attitudes, and a committed digitally transformed environment. The UK, thanks to its vibrant tech industry and decades-long tradition of industrial excellence, is in a unique place to set the trend in both the adoption and development of IIoT. Hardware forms an important part of the IIoT marketplace in the UK. A number of companies have been producing sensors, actuators, and other types of industrial equipment available in accordance with tough operating conditions, providing high, reliable performance. There are also a number of new, innovative startups emerging in the UK to develop new hardware for IIoT, related to low-power wireless communications protocols and advanced robotics. A growth factor in the UK IIoT market is software, with a vibrant ecosystem of companies that develop sophisticated software solutions for managing and analyzing IIoT data. These software tools include data analytics platforms, machine learning algorithms, and cybersecurity solutions. The UK government has also been funding the development of artificial intelligence and machine learning technologies, which are forecast to be very key factors in the IIoT market in the coming years. The same holds true for integrated IIoT platforms, which happen to be one of the key focuses of the UK market. Companies are working on a solution to provide a pane of glass for the management of IIoT systems, along with device management, data visualization, and application development. Basically, these platforms are created for easy deployment and managing IIoT technologies at scale and unlocking latent value in the data created by these connected systems.

The UK is ahead in manufacturing Industrial IoT uptake. It is a segment of digital transformation that has been spurred on by the initiative Made Smarter. For example, Rolls-Royce has installed IoT sensors in aircraft engines to predict scheduled maintenance and optimization of performance. Siemens also noted that its facilities in the UK are implementing IoT-enabled machines to ensure real-time production monitoring and quality control. Adoption of IoT solutions into the UK healthcare sector, especially to improve patient care and strategic operational efficiency within hospitals, is very fast. The National Health Service of the country has experimented with several pilots through the use of IoT-powered remote monitoring systems. For instance, the Digital Care Assistant from Oxehealth has IoT sensors to track the vital signs of patients without physical contact, thereby making mental health facilities and care homes more effective and efficient. For example, Scottish Power uses IoT devices for monitoring as well as control of its park-like wind farm purposes in order for the optimum production of energy, schedules for maintenance, and so on. The UK's oil and gas industries, closely associated with the North Sea, are taking advantage of IoT in asset management and safety. For example, BP utilizes IoT sensors and drones to inspect its pipeline and detect leaks with a great reduction in risk and the efficiency of offshore operations. Among these, several are the IoT adoptions that take place in the field of transport in the UK, whether in smart city initiatives or connected vehicles. Transport for London will implement IoT sensors in real-time management of internal traffic and predictive maintenance of the London Underground subway system. In the case of the automotive industry, Jaguar Land Rover shall utilize the IoT to develop connected and autonomous vehicle technologies. The UK companies in retail are increasing the adoption of IoT-based inventory management and customer experience enhancement. For example, an online supermarket, Ocado, uses thousands of IoT-enabled robots in its fully automated warehouses to fulfill orders. Marks & Spencer introduced smart shelving systems applying IoT-based technologies in managing the level of stocks and eliminating waste. Metals and mining sector is relatively small in the UK, it still utilizes the IoT for safety and efficiency in this particular context. UK farming is moving towards precision farming. The Hands Free Hectare project at Harper Adams University changed the whole scenario with fully automated farming, using IoT-enabled tractors and drones, proving a case for precision agriculture.

The UK stands to have a huge and growing industrial IoT market due to various important technologies being adopted for wireless and wired connectivity. Obviously, the wireless segment will take the lead in the market, driven by the ever-growing demand for wireless communication protocols such as Wi-Fi, Bluetooth, and cellular networks. For example, wireless sensors are being utilized in industry circles in regard to the continuous monitoring of temperature, pressure, and humidity; anomaly detection aids predictive maintenance and reduces downtime. Growth opportunities for the wired-growing segment are also envisioned, which could be outfitted with the growing deployment of industrial Ethernet and fieldbus protocols. Wired connectivity technologies have very high speeds, low latency, and are reliable—thus fit for high-bandwidth, low-latency applications. For instance, industrial Ethernet is already being used in manufacturing plants for machine-to-machine communication that enables the transmission of data in real-time and controls it.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Industrial IoT market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Offering
• Hardware
• Software
• Platforms

By Vertical
• Manufacturing
• Healthcare
• Energy
• Oil & Gas
• Transportation
• Others (Retail, Metals & Mining and Agriculture)

By Connectivity Technology
• Wireless
• Wired

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Industrial IoT industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.