Tunnel Sensor Market is expected to reach US$ 5.39 Bn by 2027

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.

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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. Despite some limitations, the growing investments in infrastructure development across the world and rising technology integration in tunnel sensors for enhanced capabilities are the factors that will fuel the future growth of this market during the forecast period. Despite the positive growth outlook, the ongoing COVID-19 outbreak is anticipated to affect the global economy, thus hampering the business activities and revenues worldwide. The business lockdowns, travel bans, event cancellations, and supply chain disruptions in various countries would also downgrade the growth of the global tunnel sensor market, especially in 2020 and 2021.

The market for tunnel sensor is growing with the positive growth outlook of increasing tunnel safety concerns worldwide, rising adoption of tunnel automation and monitoring solutions, and among others. Digital transformation is revolutionizing industries worldwide owing to advantages such as enhanced operational efficiency, improved productivity, and reduced costs. Enterprises of all sizes are investing heavily in adopting various digital technologies such as web/mobile apps, cloud computing, internet of things, predictive analytics, and big data. Digital transformation and process automation has the potential to create unparalleled opportunities for businesses to create more value and increase their revenue. Hence, customers are adopting advanced tunnels sensor solutions which help in automating the tunnel monitoring systems and thus reduce the number of accidents and decrease the cost involved in tunnel maintenance. Some of the major strategic benefits offered by tunnel automation solutions include reduced costs, increased accuracy, enhanced productivity, environmental benefits, and improved regulatory compliance among many others, which in turn is supporting the growth of the tunnel sensor market

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Market Insights
Growing integration of tunnel automation and monitoring solutions is supporting the growth of tunnel sensor market

Digital transformation is revolutionizing industries worldwide owing to advantages such as enhanced operational efficiency, improved productivity, and reduced costs. Enterprises of all sizes are investing heavily in adopting various digital technologies such as web/mobile apps, cloud computing, internet of things, predictive analytics, and big data. Digital transformation and process automation have the potential to create unparalleled opportunities for businesses to create more value and increase their revenue. Hence, customers are adopting advanced tunnels sensor solutions which help in automating the tunnel monitoring systems and thus reduce the number of accidents and decrease the cost involved in tunnel maintenance. Some of the major strategic benefits offered by tunnel automation solutions include reduced costs, increased accuracy, enhanced productivity, environmental benefits, and improved regulatory compliance. Additionally, the number of government regulations in regions such as North America and Europe favoring the automation of tunnel systems is growing at an impressive pace. Tunnel sensors play a major role in sensing and monitoring various critical tunnel parameters to ensure tunnel and people safety are some of the key factors which are driving the growth of tunnel sensor market across the world.

Tunnel Sensor Market Segmentation
Tunnel Sensor Market - By Solution
Visibility Monitoring
Air Flow Monitoring
Air Quality Monitoring
Filter Monitoring
Fire Monitoring
Others

Tunnel Sensor Market - By Services
Installation Services
Maintenance Services
Consulting Services

Tunnel Sensor Market - By Connectivity
Wired
Wireless

Tunnel Sensor Market - By Application
Road Tunnels
Rail Tunnels
Others

Companies Profiled in Tunnel Sensor Market are as Follows:
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., SICK AG

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Sameer Joshi
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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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.