Global Tunnel Sensors Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 7% during forecast period.
Global Tunnel Sensors Market
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Market Definition
Tunnel sensors are the electronics devices which are designed and manufactured to control and monitor rail or road tunnel atmosphere. Tunnel sensors are capable of identifying gas hazards, monitoring tunnel health, monitoring atmospheric humidity and temperature and much more.
Market Dynamics
Growing urbanization and industrialization in developing economies along with upgradation in tunnel infrastructure is major driving factor behind the growth of market. Increasing tunnel safety protocols in developed regions, high adoption of tunnel automation and monitoring system across the globe, rising investments for the smart city projects across global countries, growing advanced technologies such as IoT and cloud based tunnel automation solutions, increasing investment by government for tunnel construction projects and growing market for sensors industry are expected to improve the growth of market during forecast period. Increasing incidents of road accidents results into the rising demand for better security and addition of analytics in tunnel management are further propelling the growth of market.
However, lack of awareness and lack of technically skilled professionals to install and monitor tunnel sensors are major restraining factors that could hamper the growth of market.
Impact of COVID-19 Pandemic on Tunnel Sensor market
Despite the positive growth outlook, the ongoing COVID-19 pandemic is expected to affect the global economy, which is hampering the global revenues and business activities. According to the most recent report from WHO, the US, Brazil, Russia, Spain, the UK, Italy, France, Germany, Turkey, India, Iran, Canada and China are among the most-affected countries owing to COVID-19 outbreak. According to WHO, there were around 5.69 million confirmed COVID-19 cases globally (Till 27th May 2020). The factory shutdowns, business lockdowns, global travel bans, trade bans, border lockdowns, event cancellations, and supply chain disruptions in various economies have affected the manufacturing, sales and supply of several electronic components which are necessary for designing the tunnel sensors, which will ultimately hamper the growth of the global tunnel sensor market in 2020.
Global Tunnel Sensors Market: Segmentation Analysis
By solution, visibility monitoring and air quality monitoring segments dominated the market n 2019 and are projected to witness fast growth at CAGR of XX% during forecast period. The growth is attributed to high adoption of air quality monitoring sensors due to increasing concentration of toxic gases and high installation of visibility monitoring sensors in road and rail tunnel. Visibility monitoring sensor is a crucial part of several rail and road tunnel safety system. It is used to monitors the visibility inside the particular tunnel and makes sure that the tunnel ventilation system providing sufficient fresh air for drivers to visibly see the road ahead. Additionally, air quality tunnel is used to measure the NO, NO2, CO, temperature and visibility within a road tunnel, rail tunnel or other confined space. Air quality monitoring and visibility monitoring sensors in tunnels are very important factor in ensuring road safety, which further results into the growth of market.
Global Tunnel Sensors Market: Regional Analysis
Region wise, Asia pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The developing economies such as China, Japan and India are major key contributors behind the growth of market. The growth is attributed to the massive presence tunnel sensor manufacturing companies across the region. Also large scale adoption of tunnel automation solutions is driving the growth of market in the region.
According to research, china has the largest number of tunnels including road, rail and water tunnels. China ranks first in the world both in the number of tunnels and the speed of development of tunnels, which is ultimately propelling the growth of market in the region.
Global Tunnel Sensors Market: Key Development
In Sept 2019, ECOTECH’s parent company, ACOEM Group, has broadened its technical expertise and market presence in air and gas monitoring following the acquisition of DynOptic Systems Ltd, a specialist manufacturing company that designs and produces a range of continuous emissions monitoring sensors and instruments.
The objective of the report is to present a comprehensive analysis of the Global Tunnel Sensors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Tunnel Sensors Market dynamics, structure by analyzing the market segments and projects the Global Tunnel Sensors Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Tunnel Sensors Market make the report investor’s guide.
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The Scope of Global Tunnel Sensors Market
Global Tunnel Sensors Market, By Solution
• Visibility Monitoring
• Air Flow Monitoring
• Air Quality Monitoring
• Filter Monitoring,
• Fire Monitoring
• Others
Global Tunnel Sensors Market, By Services
• Installation Services
• Maintenance Services
• Consulting Services
Global Tunnel Sensors Market, By Connectivity
• Wired
• Wireless
Global Tunnel Sensors Market, By Application
• Road Tunnels
• Rail Tunnels
• Others
Global Tunnel Sensors Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Global Tunnel Sensors Market, Key Players
• Bristol Industrial & Research Associates Ltd
• CODEL International Ltd
• DURAG GROUP
• Advance Technologies Asia
• ACOEM
• Control Equipment Pty Ltd
• Geonica
• Trolex Ltd
• Safibra
• SICK AG
• Altech Corporation
• Tunnel Sensors Ltd
• Ecotech
• Sage Automation
• PCB Piezotronics Inc.
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