June 17, 2020
As per the report titled ‘Tunnel Sensor Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Solution; Services; Connectivity; Application, available with Market Study Report LLC, global tunnel sensor market is expected to reach USD 5.39 billion by 2027 with a CAGR of 5.5% over the analysis timeframe.
Increasing awareness regarding tunnel safety complemented by widespread adoption of tunnel automation and monitoring solutions is poised to propel the growth of global tunnel sensor market. Additionally, infrastructural development and technological advancements will complement the adoption of tunnel sensors across the globe.
The outbreak of COVID-19 has hampered the market growth as several governments have imposed lockdown which has hindered operations of manufacturing, construction & infrastructure, electronics & semiconductor, and automotive industries. Lockdown imposed by countries have also resulted in travel restrictions, event cancellations, and disruption of supply chain logistics. Furthermore, slump in electronics and construction industries are expected to hamper the growth of tunnel sensor market as these industries formulate majority of the supply and demand landscape. As per the report, unavailability of skilled labors can also deter the market growth in the approaching years.
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Global tunnel sensor market is classified in terms of solutions, services scope, connectivity, application spectrum, and regional landscape.
Based on solution, global tunnel sensor market is bifurcated into air flow monitoring, air quality monitoring, visibility monitoring, filter monitoring, fire monitoring, and others. Depending upon services scope, the market is divided into installation services, consulting services, and maintenance services. Based on connectivity, the market is bifurcated into wireless and wired. The market is classified into rail tunnels, road tunnels, and others, based on application spectrum. Speaking of the regional landscape, global tunnel sensor market is segmented into Europe, North America, Middle East and Africa, Asia Pacific, and South America.
ACOEM, Bristol Industrial & Research Associates Ltd, Control Equipment Pty Ltd., Geonica, SICK AG, Advance Technologies Asia Sdn. Bhd., CODEL International Ltd, Durag Group, Safibra, s.r.o., and Trolex Ltd are the major companies operating in global tunnel sensor market.