Lucintel’s latest market report analyzed that tunnel automation provides attractive opportunities in the infrastructure industry. The tunnel automation market is expected to grow at a CAGR of 7%-9%. In this market, services are the largest segment by offering, whereas railway tunnels are largest by tunnel type.
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Based on offering, the tunnel automation market is segmented into hardware, software, and services. The services segment is accounted for the largest share of the market in 2020 as there is frequent requirement for installation (installation of HVAC, electrical and lighting, firefighting, and other systems), design and engineering, project management and execution, life cycle, and maintenance services.
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The tunnel automation market is marked by the presence of several big and small players. Some of the prominent players offering tunnel automation include Siemens, Johnson Controls International, ABB, SICK, Honeywell International, Philips Lighting, Trane, Swarco, Eaton, and Kapsch.
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