Asia Pacific Tunnel Sensor Market Dynamics and Trends by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Asia Pacific 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)
- Report Date : Aug 2020
- Report Code : TIPRE00012800
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 125
In terms of revenue, the APAC tunnel sensor market was valued at US$ 901.9 million in 2019 and is expected to grow at a CAGR of 7.1% during the forecast period to reach US$ 1,538.9 million by 2027.
The COVID-19 outbreak is anticipated to affect the growth rate of Asia Pacific 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.China and Japan are the leading countries in the APAC tunnel sensor market. The key reason behind significant demand in the aforementioned countries is the steep rise in the government investment for the development of road and rail line infrastructure, which includes the construction of various tunnels in the route. Several tunnel sensor manufacturers are actively focusing on investing heavily on the road infrastructure as well as the expansion of rail lines, thus demands tunnel sensors to be equipped inside the tunnels constructed en route. However, due to the outbreak of COVID-19, the production, export, and sale of these tunnel sensors are severely impacted in China. There are many ongoing tunnel construction projects across APAC, which require tunnel sensors to precisely monitor the environment inside the tunnels. A few ongoing tunnel construction projects are Mumbai–Ahmedabad Bullet Train (India), The Melbourne Metro Rail Project (Australia), China–Laos railway tunnel (China), and many more. A few key tunnel sensor market players in APAC are Trolex, DURAG GROUP, and CODEL International Ltd. Apart from these market players, several other multi-national tunnel sensor market players are operating in the region, which are, in turn, likely to contribute in the growth of the APAC tunnel sensor market over the years. However, due to ongoing COVID-19 outbreak, all the major countries in Asia Pacific have imposed strict restrictions on business activities and movement of goods and people. All these factors are anticipated to affect both supply and demand of tunnel sensors, thus affecting the revenue growth of the APAC tunnel sensor market especially in the year 2020 and 2021. It is expected that the market growth will stabilize in 2022 and tunnel sensor market will see positive growth to 2027.
Rest of APAC Tunnel Sensor Market Revenue and Forecast to 2027 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
The report segments the APAC tunnel sensor market as follows:
APAC Tunnel Sensor Market – By Solution
- Visibility Monitoring
- Air Flow Monitoring
- Air Quality Monitoring
- Filter Monitoring
- Fire Monitoring
- Others
APAC Tunnel Sensor Market – By Services
- Installation Services
- Maintenance Services
- Consulting Services
APAC Tunnel Sensor Market – By Connectivity
- Wired
- Wireless
APAC Tunnel Sensor Market – By Application
APAC Tunnel Sensor Market – By Country
- China
- India
- Australia
- Japan
- South Korea
- Rest of APAC
APAC Tunnel Sensor Market -Companies Mentioned
- CODEL International Ltd.
- DURAG GROUP
- Advance Technologies Asia Sdn. Bhd.
- ACOEM
- Control Equipment Pty Ltd.
- Trolex Ltd.
- Safibra, s.r.o.
- SICK AG
Asia Pacific Tunnel Sensor Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 901.9 Million |
| Market Size by 2027 | US$ 1,538.9 Million |
| Global CAGR (2020 - 2027) | 7.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- CODEL International Ltd.
- DURAG GROUP
- Advance Technologies Asia Sdn. Bhd.
- ACOEM
- Control Equipment Pty Ltd.
- Trolex Ltd.
- Safibra, s.r.o.
- SICK AG
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