Tunnel Sensor Market Report (2021-2031) | The Insight Partners
The tunnel sensor market size is projected to reach US$ 6.84 billion by 2031 from US$ 4.25 billion in 2023. The market is expected to register a CAGR of 6.1% in 2023–2031. The growing number of smart city projects related to the development of tunnels is likely to remain a key tunnel sensor market trends.
Tunnel Sensor Market Analysis
The tunnel sensor market is growing at a rapid pace due to decreasing sensor costs and favorable initiatives taken by the government to promote infrastructure development activities. The market is expanding steadily, driven by growing digitalization and urbanization. Moreover, the integration of tunnel monitoring and automation solutions is providing lucrative opportunities for market growth.
Tunnel Sensor Market Overview
Tunnel sensors are electrical devices that are used to control and monitor the environment in rail, road, or other tunnels. These sensors are designed to track and evaluate air concentrations in the tunnel, a transmitter and receiver are mounted on the tunnel's roof. The transmitter emits visible and infrared LEDs to measure the tube's visibility and gas concentration. The signals obtained are then processed as part of air quality management for ventilation control in these tunnels. Moreover, significant benefits offered by tunnel sensors, such as assessing tunnel health, identifying chemical dangers, and measuring air humidity and temperature, among other parameters, are fueling the market.
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Tunnel Sensor Market: Strategic Insights
Market Size Value in US$ 3.55 Billion in 2019 Market Size Value by US$ 5.39 Billion by 2027 Growth rate CAGR of 5.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Tunnel Sensor Market: Strategic Insights
| Market Size Value in | US$ 3.55 Billion in 2019 |
| Market Size Value by | US$ 5.39 Billion by 2027 |
| Growth rate | CAGR of 5.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Tunnel Sensor Market Drivers and Opportunities
Decreasing Sensors Costs are Driving the Market
Sensors are key components of tunnel monitoring systems. They are used to measure pressure, strain, force, vibration, temperature, and other parameters that are critical in determining the condition of a tunnel construction. Tunnel monitoring systems are growing smarter and more advanced due to the high adoption of modern sensing technologies, which reduce the costs of the overall sensors. Thus, driving the market. Micro-electro-mechanical systems (MEMS) and fiber-optic sensors are highly adopted in tunnel construction, attributed to their popularity, advanced features, and availability at low costs. The low-cost availability of tunnel sensors is driving the market during the forecast period.
Integration of Tunnel Monitoring and Automation Solutions– An Opportunity in the Tunnel Sensor Market
Digital transformation is revolutionizing industries all over the world due to several benefits, such as better operational efficiency, productivity, and lower prices. Businesses worldwide are heavily investing in the development of digital technologies such as cloud computing, web/mobile apps, big data, predictive analytics, and the Internet of Things to automate tunnel monitoring systems, lowering tunnel maintenance costs, and reducing the frequency of incidents. Tunnel automation systems provide key strategic benefits, including lower costs, higher accuracy, enhanced output, environmental benefits, and improved regulatory compliance. Furthermore, the number of government laws encouraging the adoption of tunnel automation systems is generating growth opportunities for the market. Moreover, technological advancement and growing demand for automation solutions among customers worldwide are creating opportunities for tunnel sensor market participants during the forecast period.
Tunnel Sensor Market Report Segmentation Analysis
Key segments that contributed to the derivation of the tunnel sensor market analysis are solution, services, connectivity, and application.
- Based on solution, the tunnel sensor market is divided into visibility monitoring, air flow monitoring, air quality monitoring, filter monitoring, fire monitoring, and others. The air quality monitoring segment held a larger market share in 2023.
- In terms of services, the market is categorized as installation services, maintenance services, and consulting services. The installation services segment held a larger market share in 2023.
- Based on connectivity, the tunnel sensor market is divided into wired and wireless. The wired segment held a larger market share in 2023.
- On the basis of application, the market is segmented into road tunnels, rail tunnels, and others. The road tunnels segment held the largest share of the market in 2023.
Tunnel Sensor Market Share Analysis by Geography
The geographic scope of the tunnel sensor market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, Asia Pacific accounted for the largest tunnel sensor market share. The market in this region is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Asia Pacific is projected to expand at a significant pace in the near future, due to growing infrastructural development activities. Moreover, growing tunnel construction and renovation in China, India, and Japan, increasing urbanization, and favorable initiatives taken by the government to develop highways and railways are driving the market during the forecast period.
Tunnel Sensor Market Report Scope
Tunnel Sensor Market News and Recent Developments
The tunnel sensor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for tunnel sensor market systems and strategies:
- In October 2022, Acoem Tunnel Sensors and Deviteck exhibited their product portfolio at the Andean Tunnel Seminar in Bogotá between the 26th and 28th of October. (Source: ACOEM, Press Release, 2022)
Tunnel Sensor Market Report Coverage and Deliverables
The “Tunnel Sensor Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solution ; Services ; Connectivity ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global tunnel sensor market was estimated to be US$ 4.25 billion in 2023 and is expected to grow at a CAGR of 6.1% during the forecast period 2023 - 2031.
Decreasing sensors costs and favorable initiatives taken by the government to promote infrastructure development activities are the major factors that propel the global tunnel sensor market.
The growing number of smart city projects related to the development of tunnels is anticipated to play a significant role in the global tunnel sensor market in the coming years.
The key players holding majority shares in the global tunnel sensor market are Bristol Industrial & Research Associates Ltd., CODEL International Ltd., DURAG GROUP, Advance Technologies Asia Sdn. Bhd., and ACOEM.
The global tunnel sensor market is expected to reach US$ 6.84 billion by 2031.
The incremental growth expected to be recorded for the global tunnel sensor market during the forecast period is US$ 2.60 billion.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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