Global Tunnel Sensor Market Expected to Reach USD 6,186.30 Million by 2030
Category : Semiconductor And Electronics | Published Date : Jun 2024 | Type : Press Release
Tunnel Sensor Market Definition & Overview :
A tunnel sensor is a device used to monitor and measure environmental conditions within tunnels such as rail and road tunnels. The tunnel sensors monitor the tunnel atmosphere by collecting environmental and structural parameters data, which is then analyzed to maintain safe tunnel operations and to enable quick response to dangers.
Consegic Business Intelligence analyzes that the Global Tunnel Sensor Market size was valued at USD 6,186.30 Million in 2022, and is expected to register a CAGR of 5.5% to reach USD 4,092.73 Million in 2030.
This report comprises Tunnel Sensor Market Share, Size & Industry Analysis, By Solution (Gas Monitoring, Luminance Monitoring, Illuminance Monitoring, Fire Monitoring, Visibility Monitoring, and Airflow Monitoring), By Service( Installation Services, Monitoring Services, Maintenance Services, Consulting Services, and Repair Services), By Connectivity(Wired and Wireless), By Application (Road Tunnels, Rail Tunnels, Underground Infrastructure, and Others), By Region(North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2030.
This report contains detailed information on the Tunnel Sensor Market Growth Rate, Value, Segmentation, Geographical Coverage, Trends, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, the advancement in technologies, rising infrastructure, and increasing government initiatives for better safety procedures in the tunnels are the key market drivers. Infrastructure projects around the globe including transportation networks and utility tunnels due to the rise in urbanization lead to a rise in tunnel sensor market demand.
Segmental Analysis :
The market is segmented into five major segments based on solution, service, connectivity, application, and region.
By solution, the market is categorized into gas monitoring, luminance monitoring, illuminance monitoring, fire monitoring, visibility monitoring, and airflow monitoring.
- Visibility monitoring held the highest market share in 2022, as poor visibility may lead to severe accidents and casualties due to the need for constant monitoring of visibility conditions.
- However, the gas monitoring segment is anticipated to register the fastest CAGR during the forecasted period as pollution caused by vehicles poses health risks to tunnel travelers and workers.
Based on service, the market is divided into installation services, monitoring services, maintenance services, consulting services, and repair services.
- The maintenance services segment is anticipated to witness the fastest CAGR during 2023-2030, as they optimize the equipment performance, ensure the systems operate at peak efficiency, and improve productivity.
Based on connectivity, the market is bifurcated into wired and wireless.
- In 2022, the wireless segment accounted for the largest market share and is also expected to register the fastest CAGR from 2023 to 2030, due to advantages like reduced installation time, simplified installation process, minimized disruptions, and eliminated extensive wiring.
By application, the market is segregated into road tunnels, rail tunnels, underground infrastructure, and others.
- The road tunnels segment held the largest market share of 45.5% in 2022, as the sensors provide real-time data insights and monitor environmental conditions like visibility, and luminance.
- The rail tunnels segment is expected to witness the fastest CAGR during the forecasted period as sensors detect smoke, fires, collisions, derailments, and obstructions on the tracks.
By region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
- The North American region accounted for the largest market share in 20222 valued at USD 1,371.06 million. Out of which the U.S. alone held the highest revenue share of 61.4%.
- Moreover, the Asia-Pacific region is expected to register the fastest CAGR of 5.8% due to the vast rail and road tunnel network in this region.
| Report Attributes | Report Details |
| By Solution | Gas Monitoring, Luminance Monitoring, Illuminance Monitoring, Fire Monitoring, Visibility Monitoring, and Airflow Monitoring |
| By Service | Installation Services, Monitoring Services, Maintenance Services, Consulting Services, and Repair Services |
| By Connectivity | Wired and Wireless |
| By Application | Road Tunnels, Rail Tunnels, Underground Infrastructure, and Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Tunnel Sensor Industry :
- Bristol Industrial & Research Associates Ltd
- SICK AG
- Altech Corporation
- Acoem
- Tunnel Sensors Ltd.
- Advance Technologies Asia
- CODEL International LTD
- GEONICA
- DURAG GROUP
- Safibra, s.r.o.
Recent Industry Developments :
- In September 2022, Worldsensing launched a novel tunnel monitoring solution that aims to improve safety in the tunneling process.
- In October 2022, Tunnel Sensors Ltd launched LUMIOS-IT, a photometer that gives precise luminance measurements inside the tunnel bore.
