South America Tunnel Sensor Market Analysis and Opportunities by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027South 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)
- Report Date : Sep 2020
- Report Code : TIPRE00014152
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 89
The tunnel sensor market in SAM is expected to grow from US$ 141.43 million in 2019 to US$ 192.56 million by 2027; it is estimated to grow at a CAGR of 4.1% from 2020 to 2027.
Brazil and Argentina major economies in SAM. SAM is witnessing increment in tunnel safety concerns in recent times after weak concerns in last few years. Tunnels are an important part of highway and railway infrastructure to ensure connectivity through mountains and other 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 throughout SAM. 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 SAM tunnel sensor market. Also 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 South America 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.With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the tunnel sensor market. The SAM tunnel sensor market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Tunnel Sensor Market Segmentation
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
SAM Tunnel Sensor Market-Companies Mentioned
- ACOEM
- CODEL International Ltd
- DURAG Group
- Geonica
- SICK AG
- Trolex Ltd.
South America Tunnel Sensor Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 141.43 Million |
| Market Size by 2027 | US$ 192.56 Million |
| Global CAGR (2020 - 2027) | 4.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
- 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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The List of Companies - South America Tunnel Sensor Market
- ACOEM
- CODEL International Ltd
- DURAG Group
- GEONICA
- SICK AG
- Trolex Ltd
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