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Global Tunnel Monitoring System Market Analysis of 2026 focusing on Top Players like Tunnel Sensors Ltd.; Monitoring Solutions; Worldsensing; Ricoh; Herrenknecht AG; Nova Ventures

11-07-2019 09:43 AM CET | Logistics & Transport

Press release from: Data Bridge Market Research

Global Tunnel Monitoring System Market

Global Tunnel Monitoring System Market

Global tunnel monitoring system market is expected to rise to an estimated value of USD 836.60 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing levels of adoption rate for wireless-based tunnel monitoring systems.

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Major Market Competitors/Players

Few of the major competitors currently working in the global tunnel monitoring system market are Tunnel Sensors Ltd.; Monitoring Solutions; Worldsensing; Ricoh; Herrenknecht AG; Nova Ventures; HBM; Sisgeo Srl; SIXENSE Soldata; James Fisher and Sons plc; GEOKON; COWI A/S; Ramboll; RST Instruments Ltd.; Geocomp Corporation; Fugro; Keller Group plc; Geomotion (Singapore) Pte Ltd; VMT GmbH; GeoSIG Ltd; Set Point Technologies; Autostrade Tech S.p.A.; INFIBRA TECHNOLOGIES Srl; NBG HOLDING GMBH; SODIS Lab among others.

Competitive Analysis

Global tunnel monitoring system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tunnel monitoring system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition:

Tunnel monitoring system are the collection of components involving various monitoring devices, sensors and other elements working to detect for any deformation or faults being formed in the tunnel infrastructure. These devices are required due to the risks involved with the development and continuance of tunnel infrastructure requiring a better sense of precautionary measures.

Global Tunnel Monitoring System Market By Offering (Hardware, Software & Services), Tunnel Type (Highway Tunnels, Railway Tunnels, Others), Networking Technology (Wired, Wireless), Application (Strain, Cracks, Pressure, Temperature, Dynamic Load, Corrosion, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Drivers:

• Rapid rise in the development of infrastructure for tunnels worldwide; this factor is expected to drive the growth of the market
• Concerns regarding failure of tunnels resulting in significant losses will also augment the market growth in the forecast period
• Trend of reducing hardware costs especially sensors is another factor boosting this market growth
• Presence of various regulations and compliances regarding the implementation of safety measures in tunnels also acts as a market driver

Market Restraints:

• Large levels of financial costs required for the successful monitoring and installation of these systems; this factor is expected to hamper the growth of the market
• Requirement of large-scale computing capabilities due to the need for analysis, processing and management of large volumes of data generated will also restrict this market growth.

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Segmentation: Global Tunnel Monitoring System Market

By Offering
• Hardware
o Sensors
o Data Acquisition Systems (DAS) & Communication Systems
o Others
• Software & Services
o Software
o Services
• Design & Installation Services
• Real-Time Monitoring System
• Data Analysis & Reporting Services
• Preventative Maintenance & Repair Services
By Tunnel Type
• Highway Tunnels
• Railway Tunnels
• Others
By Networking Technology
• Wired
• Wireless
By Application
• Strain
• Cracks
• Pressure
• Temperature
• Dynamic Load
• Corrosion
• Others

Key Developments in the Market:

• In September 2019, Worldsensing announced the availability of “Laser Distance Meter Node” having a range of up to four kilometres in tunnels helping provide real-time, remote measurement of tunnel convergence, deformations slope movement, landslides structural displacement and buildings without work disruptions. The product has been designed to reduce the risks involved in tunnels helping deliver extremely high-quality performance for harsh conditions of tunnel environments

• In May 2018, COWI A/S announced that they had acquired various assets and resources from ILF Consultants, Inc. helping expand their capabilities and operations for the North American region and strengthen their capabilities for tunnel monitoring and other tunnel-based applications. This acquisition will bring high-quality expertise and experience of experts to the existing operating model of COWI helping them increase their presence of services in the North America region

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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