Tunnel Sensor Market Research Report: by Solution (Visibility Monitoring, Air Flow Monitoring, Air Quality Monitoring, Filter Monitoring, Fire Monitoring and others), Services (Installation Services, Maintenance Services and Consulting Services), Connectivity (Wired and Wireless), Application (Road Tunnels, Rail Tunnels and others) and Region – Forecast till 2025
The Global Tunnel Sensor Market was valued at USD 3,986.7 million in 2018 and is expected to reach USD 6,074.8 Million by the end of the forecast period at a CAGR of 6.5%.
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Tunnel Sensor Market Highlights
Tunnel sensor is a device installed on the ceilings of a tunnel to monitor the concentration of pollutants, and therefore, maintain the quality of air inside the tunnels. These sensors are efficient in identifying gas hazards, and monitoring tunnel health, atmospheric temperature, and humidity across the tunnel. The demand for real-time monitoring and analyzing the health of tunnels have encouraged sensor manufacturers to integrate state-of-the-art technologies in their sensors. Moreover, low costs of implementation of these sensors have encouraged construction facilities to install these sensors in tunnels for maintaining the concentration levels of gases.
The global tunnel sensor market has been segmented on the basis of solution, services, connectivity, application, and region.
The market for tunnel sensor is estimated to witness rapid growth during the forecast period from 2019 to 2025. The geographic analysis of the global tunnel sensor market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. According to MRFR analysis, the North American region is expected to contribute the highest share to the growth of the tunnel sensor market during the forecast period.
The region has witnessed high adoption of these sensors to monitor the condition of these tunnels in real-time and prevent accidents inside the tunnels. Also, the demand for maintaining visibility and air flow in the tunnel has attributed to the adoption of tunnel sensors in the US and Canada, thus fuelling the growth of tunnel sensors in the North American region.
The region has a prominent presence of developing countries such as Taiwan and India, which is focusing towards developing its infrastructure to ensure reliable connectivity of its roads and railroads. This has created opportunities for the players in the tunnel sensor market to expand their reach and tap such developing economies in the Asia-Pacific region.
The companies operating in the tunnel sensor market are focused on expanding their geographic reach by following inorganic growth strategies. The manufacturers are focused towards acquisitions, partnerships, joint ventures, and collaborations with local and regional vendors to expand their geographic presence and gain a competitive advantage in the global tunnel sensor market. Furthermore, the advancements in technology have encouraged the manufacturers to inculcate IoT in their existing portfolio of products; thus, developing a connected ecosystem.
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The key players in the tunnel sensor market are identified based on their country of origin, geographic presence, key developments, product differentiation, and industry expertise. Some of them are SICK AG (Germany), Altech Corporation (US), Ecotech (Australia), DURAG GROUP (Germany), CODEL International Ltd (UK), PCB Piezotronics, Inc. (US), Tunnel Sensors Ltd (UK), Advance Technologies Asia (ATA) (Malaysia), Geonica (Spain), Bristol Industrial & Research Associates Ltd (UK), and SAGE Automation (Australia). The companies are focused on innovating in their existing product portfolio as well as innovate products by investing in R&D to analyze the changing market trends.
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