Tunnel Sensor Market Competitive Outlook, Industry Analysis with Top Companies Bristol Industrial & Research Associates, CODEL International, DURAG GROUP, Advance Technologies Asia

According to our latest market study on "Tunnel Sensor Market to 2027-- COVID-19 Impact and Global Analysis by Solution (Visibility Monitoring, Air Flow Monitoring, Air Quality Monitoring, Filter Monitoring, Fire Monitoring, Others); Services (Installation Services, Maintenance Services, Consulting Services); Connectivity (Wired, Wireless); Application (Road Tunnels, Rail Tunnels, Others); and Geography," the market was valued at US$ 3.55 billion in 2019 and is projected to reach US$ 5.39 billion by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.

Increasing industrialization and urbanization in developing countries due to population growth coupled with tunnel infrastructure upgradation and growing tunnel safety regulations in developed regions are some of the key factors that are expected to boost the growth of tunnel sensor market during the forecast period. Additionally, the increasing trend of smart city development across countries and adoption of tunnel automation systems are further fueling the market demand of tunnel sensors globally. The increasing tunnel safety concerns, rising adoption of tunnel automation, and monitoring solutions worldwide are some of the key factors that are driving the growth of tunnel sensor market. However, lack of awareness and lack of skilled professionals may restrain the adoption of these solutions in developing and underdeveloped regions of the world.

For More Info | Download PDF Brochure, Click Here: https://bit.ly/2zytpwZ

The Report includes the latest coverage of the impact of COVID-19 on the Tunnel Sensor industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

Impact of COVID-19 on Tunnel Sensor market
According to the latest situation report (5th May 2020) from WHO, the US, Spain, Italy, France, Germany, the UK, Turkey, Iran, China, and Russia are among the worst-affected countries due to COVID-19 outbreak. The outbreak started in China during December 2019, and since then, it has spread at a fast pace around the globe. As per WHO estimates, there were around 3.5 million confirmed COVID-19 cases globally and close to 2,43,000 total deaths. The global travel bans, factory shutdowns, and border lockdowns to combat and contain the outbreak have impacted every industry and economy worldwide. The sharp decline in electronics & construction industry is affecting the growth of global tunnel sensor market as they are the major supply and demand sources for tunnel sensors. The factory shutdowns, trade bans, travel bans, and border lockdowns to reduce and contain the outbreak have impacted on manufacturing, supply, and sales of various electronic components that are required for manufacturing of tunnel sensor solutions. All these factors are anticipated to negatively impact the growth of the global tunnel sensor market, especially in 2020 and 2021, depending on the duration of the outbreak.

Key findings of study:
The growing environmental pollution concerns and people safety concerns are further driving the demand for these sensors to measure concentration of gases such as Nitric Oxide (NO) and Carbon Monoxide (CO) in tunnel environments. Various technologies, such as ultrasound and electrochemical are used in air flow and air quality sensors. Artificial intelligence and IoT technologies such as advanced computer vision are expected to transform the way businesses are conducted. However, integration of smart technology such as adoption of wireless tunnel sensors is expected to boost the advancement in tunnel sensor. The government of the region is constantly focusing on the development as well as fixing of ragged roadways and highways. The adoption of tunnel sensors in road and railway tunnels is anticipated to increase owing to various advantages offered by these sensors.

Based on geography, North America holds a significant market share; whereas, APAC is expected to grow at a high CAGR during the forecast period. The top companies operating in the field of tunnel sensor include Bristol Industrial & Research Associates Ltd, CODEL International Ltd, DURAG GROUP, Advance Technologies Asia Sdn. Bhd., ACOEM, Control Equipment Pty Ltd., Geonica, Trolex Ltd, Safibra, s.r.o., and SICK AG. Various other companies operating in the market and are coming up with advanced tunnel sensor related solutions, which is fueling the expansion of the tunnel sensor market in terms of revenue.

The report segments the global tunnel sensor market as follows:

? By Solution
o Visibility Monitoring
o Air Flow Monitoring
o Air Quality Monitoring
o Filter Monitoring,
o Fire Monitoring
o Others

? By Services
o Installation Services
o Maintenance Services
o Consulting Services

? By Connectivity
o Wired
o Wireless

? By Connectivity
o Road Tunnels
o Rail Tunnels
o Others

? By Geography
o North America
o US
o Canada
o Mexico
o Europe
o France
o Germany
o Italy
o UK
o Russia
o Rest of Europe
o Asia Pacific (APAC)
o China
o India
o South Korea
o Japan
o Australia
o Rest of APAC
o Middle East and Africa (MEA)
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA
o South America (SAM)
o Brazil
o Argentina
o Rest of SAM

Interested in Purchasing this Report? Click here @ https://bit.ly/2yBU0ZK

Key Reasons to Purchase:
o To gain insightful analyses of the market and have a comprehensive understanding of the "Global Tunnel Sensor Market Research Report 2020 Market" and its commercial landscape.
o Learn about the market strategies that are being adopted by your competitors and leading organizations.
o To understand the future outlook and prospects for Global Tunnel Sensor Market Research Report 2020 Market analysis and forecast 2020 - 2027.

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.