Report : North America Tunnel Sensor Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Solution (Visibility Monitoring, Air Flow Monitoring, Air Quality Monitoring, Filter Monitoring, Fire Monitoring, and Others), Services (Installation Services, Maintenance Services, and Consulting Services), Connectivity (Wired, Wireless), and Application (Road Tunnels, Rail Tunnels, and Others)
Rising Tunnel Safety Concerns to Drive the Market Growth During 2020–2027
According to The Insight Partners market research study on “North America Tunnel Sensor Market to 2027 – Regional Analysis and Forecast by Solution, Services, Connectivity, and Application” the tunnel sensor market in North America was valued at US$ 1,279.0 million in 2019 and is expected to grow at a CAGR of 4.7% during the forecast period to reach US$ 1,825.1 million by 2027. The COVID-19 outbreak is anticipated to affect the growth rate of North America tunnel sensor market in the year 2020 and 2021 and thus there is sharp decline in y-o-y growth during these years. However, the growth is expected to normalize from 2021 onwards and the market is projected to grow at a steady pace. The report provides trends prevailing in the North America tunnel sensor market along with the drivers and restraints pertaining to the market growth.
Tunnels are an important part of highway and railway infrastructure to ensure connectivity through mountains and other geographic formations. Tunnels are also widely used for rail transportation in subways and metros across various countries. The proper construction, management, and maintenance of tunnel systems include monitoring of multiple parameters such as ventilation, lighting, signaling, gas concentration, air velocity & direction, temperature, and emergency response among many others. The efficient measurement and monitoring of various tunnel parameters is crucial to avoid accidents & mishaps and to ensure safety of people who uses tunnels for commute. For instance, the increasing number of road accidents due to lighting conditions in tunnels can be prevented with the use of visibility and lighting monitoring tunnel sensors. Various types of tunnel sensors such as sensors that are used for measuring concentration of gases like CO, NO2, & NO; visibility monitoring sensors; and air quality sensors are essential parts of any road or railway tunnel safety systems. The use of these sensors enhances the overall safety and reduces the workload as well as operational and maintenance costs in tunnels worldwide. Hence, the increasing use of different types of sensors in tunnel environment to improve safety, reduce costs, and minimize casualties is a major driving factor for the growth of North America tunnel sensor market.
CODEL International Ltd, DURAG GROUP, ACOEM, Trolex Ltd, and SICK AG are among the key players that were profiled during this market study. In addition to these players, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the North America tunnel sensor market and its ecosystem. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market
North AmericaTunnel SensorMarket, By Country, 2019 and 2027 (%)
The report segments the North America tunnel sensor market as follows:
North America Tunnel Sensor Market – By Solution
North America Tunnel Sensor Market – By Services
North America Tunnel Sensor Market – By Connectivity
North America Tunnel Sensor Market – By Application
North America Tunnel Sensor Market – By Country