Global Tunnel Automation Market, By Tunnel Type (Railways, Highway and Roadway Tunnels), Offering (Hardware, Software, Services), Component (HVAC, Lighting and Power Supply, Signalization, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Tunnel Automation Market
Tunnel automation market is expected to grow at a compound annual growth rate of 8.75% in the forecast period of 2021 to 2028. Data Bridge Market Research report on tunnel automation provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The tunnel automation components consist of machinery that helps monitor traverse traffic proficiently while also managing the suitable working of ventilation systems, lighting systems and signal modules among many others.
The rapidly increasing incidence of road accidents leading to growing demand for enhanced security is the main factor that will fuel tunnel automation market growth rate during the forecast period of 2021 to 2028. Also, the various government regulations favoring adoption of tunnel automation solutions are also flourishing the tunnel automation market's growth. The increasing integration of IOT and cloud with tunnel automation solutions is also positively impacting the market's growth. Furthermore, the ever-increasing number of project allocation along with an increasing number of accidents and outdated railway tunnels are also acting as an active growth driver towards the growth of the tunnel automation market. Also the growing connectivity and established IT services and the ever-increasing connectivity and based IT services are also providing a boost to the growth of the tunnel automation market in the above mentioned forecast period.
Moreover, the various beneficial properties of automated services counting traffic management, fire detection and video surveillance provide ample scope for automation, thereby lifting the target market's growth. Tunnel automation can extensively reduce costs which is also one of the vital driving factors for the tunnel automation market. However, the high deployment costs of tunnel automation solutions are acting as the major limitations for the growth of tunnel automation in the above mentioned forecasted period, whereas the lack of technically skilled laborers to install and monitor tunnel automation solutions will challenge the tunnel automation market growth.
Likewise, the growing number of tunnel construction projects, as well as the incorporation of analytics in tunnel management, will further cater ample new opportunities that will lead to the growth of the tunnel automation market in the above mentioned forecasted period.
This tunnel automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on tunnel automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Tunnel Automation Market Scope and Market Size
Tunnel automation market is segmented on the basis of tunnel type, offering and component. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of tunnel type, the tunnel automation market is segmented into railways and highway and roadway tunnels. Railways have further been segmented into subway stations and tunnels and railway stations and tunnels.
- Based on offering, the tunnel automation market is segmented into hardware, software and services.
- On the basis of component, the tunnel automation market is segmented into HVAC, lighting and power supply, signalization and others. Lighting and power supply is further segmented into tunnel lighting and power supply. Signalization is further segmented into traffic control systems and public announcement and alarm systems. Others have further been segmented into fire detection systems, traffic management systems, central control and monitoring systems, video surveillance systems, incident detection systems, communication systems and gas detection systems.
Tunnel Automation Market Country Level Analysis
Tunnel automation market is analyzed and market size, volume information is provided by country, tunnel type, offering and component as referenced above.
The countries covered in the tunnel automation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the tunnel automation market because of the strong presence of the IT giants that are constantly innovating, monitoring, and controlling software and other analytical software used in the tunnel automation in the region. Europe is expected to expand at a significant growth rate of 2021 to 2028 owing to the incorporation of IoT in tunnel automation in the region.
The country section of the tunnel automation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Tunnel Automation Market Share Analysis
Tunnel automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to tunnel automation market.
The major players covered in the tunnel automation market report are Johnson Controls, Siemens, Trane, SICK AG, ABB, Kapsch, Koninklijke Philips N.V., Honeywell International Inc., Eaton, SWARCO, PSI Incontrol Sdn Bhd, Agidens International NV, SICE, Indra Sistemas, OSRAM GmbH, Advantech Co. Ltd., CODEL International Ltd, Monitoring Solutions, General Electric, PHOENIX CONTACT and Delta Electronics, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.