South America Tunnel Sensor Market is expected to reach US$ 192.56 Mn by 2027

Wired Segment to Dominate SAM Tunnel Sensor Market during 2019–2027

According to The Insight Partners market research study on “SAM tunnel sensor market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Solution, Services, Connectivity and Application” is expected to reach US$ 192.56 million by 2027 from US$ 141.43 million in 2019. The market is estimated to grow at a CAGR of 4.1% from 2020 to 2027. The report provides trends prevailing in the SAM tunnel sensor market along with the drivers and restraints pertaining to the market growth. SAM witnessed increment in tunnel safety concerns is the major factor driving the growth of the SAM tunnel sensor market. However, issues associated with scarcity of awareness and insufficient skilled professionals restricts the growth of SAM tunnel sensor market.

The market for SAM tunnel sensor market is segmented into solution, services, connectivity, application and country. Based on solution, the market is segmented into visibility monitoring, air flow Monitoring, air quality monitoring, filter monitoring, fire monitoring and others. In 2019, the air quality monitoring segment held the largest share of SAM tunnel sensor market. Based on services, the SAM tunnel sensor market is divided into installation services, maintenance services and consulting services. Maintenance services is expected to be the fastest growing segment over the forecast period. On the basis of connectivity, the market is segmented into wired and wireless. Wired segment contributed a substantial share in 2019, however, wireless segment is projected to be the fastest growing sector. On the basis of application the market is segmented into road tunnels, rail tunnels and others. Road tunnels led the SAM market in 2019. Furthermore the COVID-19 pandemic is very severely affecting the SAM region. In the SAM region, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in South America are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners. The presence of various developing nations makes South America as one of the major market for the growth of tunnel sensor market over the forecast period of 2020 to 2027. However, the sharp decline in manufacturing, construction, and infrastructure development activities in this region due to COVID-19 lockdown measures is expected to directly impact the growth of tunnel sensor market in the coming quarters. In addition to this, the supply chain disruptions and non-availability of raw materials will also aggravate the problems of various industries operating in this region. Hence, the decline in business operations and infrastructure development activities is expected to directly affect the growth rate of tunnel sensor market in this region for the next three to four quarters.

ACOEM; CODEL International Ltd; DURAG Group; Geonica; SICK AG and Trolex Ltd are among the leading companies in the SAM tunnel sensor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, CODEL launched the 6th generation single point flow monitor utilizing the latest ultrasonic technology. Tunnel Tech 305 offers high precision, low-cost road & rail tunnel monitoring.

SAM Tunnel Sensor market, By Country, 2019 and 2027 (%)

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South America Tunnel Sensor Market Top Players by 2027

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South 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 and Wireless), and Application (Road Tunnels, Rail Tunnels, and Others)

The report segments the SAM Tunnel Sensor Market as follows:

SAM Tunnel Sensor Market – By Solution

• Visibility Monitoring
• Air Flow Monitoring
• Air Quality Monitoring
• Filter Monitoring
• Fire Monitoring
• Others

SAM Tunnel Sensor Market – By Services

• Installation Services
• Maintenance Services
• Consulting Services

SAM Tunnel Sensor Market – By Connectivity

• Wired
• Wireless

SAM Tunnel Sensor Market – By Application

• Road Tunnels
• Rail Tunnels
• Others

SAM Tunnel Sensor Market – By Country

• Brazil
• Argentina
• Rest of SAM