Press release
Tunnel Sensor: Significant Grow at a CAGR of 5.5%
Tunnel Sensor Market
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 List of Companies - Tunnel Sensor Market
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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