USD 4.11 billion
Tunnel Sensor Market Size, Share, Growth Analysis, By Type(Air Flow Monitoring, Air Quality Monitoring, Visibility Monitoring, Filter Monitoring), By Services(Installation Services, Maintenance Services, and Consulting Services), By Connectivity(Wired and Wireless), By Application(Rail Tunnels and Road Tunnels), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2064 |
Region:
Global |
Published Date: July, 2024
Pages:
265
|Tables:
116
|Figures:
81
Tunnel Sensor Market Insights
Global Tunnel Sensor Market size was valued at USD 4.11 billion in 2019 and is poised to grow from USD 4.3 billion in 2023 to USD 6.67 billion by 2031, growing at a CAGR of 5.50% in the forecast period (2024-2031).
Throughout time, urbanisation and industrialisation have grown rapidly. The tunnel sensor market will continue to increase as a result of rising rural-to-urban migration and high disposable income. During the tunnels' construction, it is crucial to use predictive maintenance and safety assessments. The necessity for tunnel monitoring will persist even after the construction is finished.
These sensors are beneficial for real-time environmental analysis of the tunnel. By detecting hazardous chemicals, high humidity, extreme temperatures, etc., these sensors assist in diagnosing and foreseeing the dangers that may occur inside the tunnel. These benefits have a significant effect on the tunnel sensor market growth trajectory.
US Tunnel Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Rail Tunnels
Fastest Growth
Rail Tunnels
Growth Rate
5.50% CAGR
Global Tunnel Sensor Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Tunnel Sensor Market Segmental Analysis
Tunnel Sensor Market is segmented based on the Type, Services, Connectivity, Application, and region. Based on Type, global Tunnel Sensor Market is segmented into Air Flow Monitoring, Air Quality Monitoring, Visibility Monitoring, Filter Monitoring, Fire Monitoring, Others. Based on the Services, Tunnel Sensor Market is segmented into Installation Services, Maintenance Services, and Consulting Services. Based on the Connectivity, Tunnel Sensor Market is segmented into Wired and Wireless. Based on the Application, Tunnel Sensor Market is segmented into Rail Tunnels, and Road Tunnels. Based on region, Tunnel Sensor Marketis categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Tunnel Sensor Market Analysis by Application
The market is segmented into Rail Tunnels and Road Tunnels based on application. The rail tunnels segment held the largest global tunnel sensor market share among them and is anticipated to maintain that position throughout the forecast period. The communication infrastructure of any nation includes railroad tunnels. The bulk of railway routes for underground transit are found in mountain ranges and urban areas. As a result, market expansion is anticipated to be driven by the demand for tunnel monitoring systems to control and maintain the health of railway tunnels.
Tunnel Sensor Market Analysis by Connectivity
The market is segmented into wired and wireless segments based on connectivity. The wireless segment is the one with the biggest market share and is anticipated to keep that position throughout the forecast period. The adoption of wireless technology-based tunnel monitoring systems is anticipated to increase throughout the projected period as a result of the growing use of supporting technologies such as the internet of things (IoT). On the other side, wired networking-based tunnel monitoring systems are more expensive than wireless networking-based tunnel monitoring systems. All of these elements are anticipated to fuel segment growth.
Global Tunnel Sensor Market By Application
To get detailed analysis on other segments, Request For Free Sample Report
Tunnel Sensor Market Regional Insights
North America held the largest global tunnel sensor market share as there is a huge market for cutting-edge technology-based devices available. Numerous infrastructure developments are now occurring in the region.
Asia Pacific is expected to be the fastest growing region. In Asia Pacific, the use of roads and railroads has increased due to factors including expanding population and rapid urbanisation. Governments throughout Asia Pacific region are aggressively investing in infrastructure upgrades including highways and railroads to promote connectivity throughout the nation. Tunnel construction has increased as a result in countries like China and India. China, Japan, Singapore, India, and South Korea are leading the way in Asia Pacific in highlighting the benefits of tunnel monitoring systems.
Global Tunnel Sensor Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Tunnel Sensor Market Dynamics
Tunnel Sensor Market Driver
Increasing the use of IOT and artificial intelligence
- Automation has increased the use of IoT and artificial intelligence. There will be many improvements in the tunnel in the following years, and these technologies will be widely used. Furthermore, tunnel safety regulations are desperately needed. There are numerous safety risks present throughout the tunnel construction.
Tunnel Sensor Market Restraint
Lack of awareness
- Low product awareness is the main factor restraining market growth. Also, high cost needed for the effective monitoring and installation of these systems serves as a market restraint.
Request Free Customization of this report to help us to meet your business objectives.
Tunnel Sensor Market Competitive Landscape
There are several competitors engaged in severe competition in the tunnel sensor market. Players constantly include research and development efforts. The players can gain insights from these activities, which also assist them in updating their sensors as necessary. Ultimately, the goal of these operations is to boost sales by giving end consumers useful sensor functions. Strategic partnerships also show promise for the rapid expansion of the tunnel sensor market. Through these partnerships, the participants can increase their sway, which ultimately helps the market expand.
Tunnel Sensor Market Top Player's Company Profiles
- Bristol Industrial & Research Associates Ltdv
- ACOEM
- Control Equipment Pty Ltd
- Geonica
- Trolex Ltd
- Safibra
- SICK AG
- Altech Corporation
- Tunnel Sensors Ltd
- Ecotech
- Sage Automation
- PCB Piezotronics Inc.
- Trolex Ltd.
- Monitoring Solutions
- Ricoh
- Herrenknecht AG
- SIXENSE Soldata
- James Fisher and Sons plc
- Geocomp Corporation
- Keller Group plc
- GeoSIG Ltd
Tunnel Sensor Key Market Trends
- The government bodies of several nations are concentrating on enhancing the transportation systems to offer seamless connectivity to their residents. One of the key modes of transportation in many nations is the railroad. India and China, two nations with huge landmasses and dense populations, are putting numerous plans in place to upgrade their train system. The development of a multi-modal transportation network is the goal of the Indian government's "National Rail Plan," which will link the country's rail network with other modes of transportation. These measures are encouraging for the development of the tunnel sensor market.
Tunnel Sensor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Tunnel Sensor Market analysis, A significant growth driver for the tunnel sensor market will be the rising demand for improving the transportation infrastructure across numerous regions. The high cost necessary for the efficient installation and monitoring of these systems acts as a market restraint. It is anticipated that Asia Pacific will experience the fastest growth.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 4.11 billion |
| Market size value in 2031 | USD 6.67 billion |
| Growth Rate | 5.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Tunnel Sensor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Tunnel Sensor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Tunnel Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tunnel Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tunnel Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tunnel Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
