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Tunnel Automation Market Size, Status, Top Players, Trends in Upcoming Yearsw
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With the rising prevalence of road accidents, road safety is becoming a major concern area for governments and organizations all over the world. According to the World Health Organization (WHO), road accidents claim the lives of around 1.3 million people every year. Furthermore, the organization reported that road accidents cost a large number of countries 3% of their gross domestic product (GDP) and they are the leading cause of deaths for young adults aged between 5 and 29 years and children across the world.
Due to the aforementioned factors, the governments of many countries are making huge investments in advanced technologies, such as tunnel automation, that can massively enhance security, lighting, air conditioning, ventilation, and surveillance in tunnels, thereby improving road safety. Besides, the increasing adoption of cloud-based automation and IoT-incorporated automation solutions in tunnels is also driving the growth of the tunnel automation market. Tunnel automation systems are being increasingly integrated with innovative technologies, such as cloud computing, data analytics, and IoT, in order to provide customers with an edge over conventional manual management methods.
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Globally, Europe will dominate the tunnel automation market during the forecast period, as per the forecast of P&S Intelligence, a market research company based in India. This is attributed to the several projects and initiatives launched by the governments of regional countries for optimizing transportation systems, existence of mountain ranges, surging incidence of road accidents, rising requirement for public transportation systems, and growing public awareness about road and rail safety in the region.
Hence, the market will register rapid expansion in the coming years, mainly because of the rising requirement for improved tunnel and road safety and the growing adoption of advanced technologies in tunnel automation systems across the world.
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