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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solution, Services, Connectivity, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Tunnel Sensor Market – By Solution
1.3.2 APAC Tunnel Sensor Market – By Services
1.3.3 APAC Tunnel Sensor Market – By Connectivity
1.3.4 APAC Tunnel Sensor Market – By Application
1.3.5 APAC Tunnel Sensor Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Tunnel Sensor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia-Pacific
4.3 Ecosystem Analysis
5. Tunnel Sensor –Market Dynamics
5.1 Market Drivers
5.1.1 Growing Concerns related to Tunnel Safety
5.1.2 Increasing adoption of Tunnel Automation and Monitoring Solutions
5.2 Market Restraints
5.2.1 Shortage of Skilled Professionals and Lack of Awareness
5.3 Market Opportunities
5.3.1 Increasing Investments in Infrastructure Development
5.4 Future Trends
5.4.1 Growing Technology Integration in Tunnel Sensors
5.5 Impact Analysis of Drivers and Restraints
6. Tunnel Sensor Market – APAC Analysis
6.1 Tunnel Sensor Market APAC Overview
6.2 APAC Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
7. Tunnel Sensor Market Analysis – By Solution
7.1 Overview
7.1.1 APAC: Tunnel Sensor Market, By Solution
7.2 Visibility Monitoring
7.2.1 Overview
7.2.2 Visibility Monitoring Market Revenue and Forecast to 2027 (US$ Million)
7.3 Air Flow Monitoring
7.3.1 Overview
7.3.2 Air Flow Monitoring Market Revenue and Forecast to 2027 (US$ Million)
7.4 Air Quality Monitoring
7.4.1 Overview
7.4.2 Air Quality Monitoring Market Revenue and Forecast to 2027 (US$ Million)
7.5 Filter Monitoring
7.5.1 Overview
7.5.2 Filter Monitoring Market Revenue and Forecast to 2027 (US$ Million)
7.6 Fire Monitoring
7.6.1 Overview
7.6.2 Fire Monitoring Market Revenue and Forecast to 2027 (US$ Million)
7.7 Other Solutions
7.7.1 Overview
7.7.2 Other Solutions Market Revenue and Forecast to 2027 (US$ Million)
8. Tunnel Sensor Market Analysis – By Services
8.1 Overview
8.1.1 APAC: Tunnel Sensor Market, By Services
8.2 Installation Services
8.2.1 Overview
8.2.2 Installation Services Market Revenue and Forecast to 2027 (US$ Million)
8.3 Maintenance Services
8.3.1 Overview
8.3.2 Maintenance Services Market Revenue and Forecast to 2027 (US$ Million)
8.4 Consulting Services
8.4.1 Overview
8.4.2 Consulting Services Market Revenue and Forecast to 2027 (US$ Million)
9. Tunnel Sensor Market Analysis – By Connectivity
9.1 Overview
9.1.1 APAC: Tunnel Sensor Market, By Connectivity
9.2 Wired
9.2.1 Overview
9.2.2 Wired Market Revenue and Forecast to 2027 (US$ Million)
9.3 Wireless
9.3.1 Overview
9.3.2 Wireless Market Revenue and Forecast to 2027 (US$ Million)
10. Tunnel Sensor Market Analysis – By Application
10.1 Overview
10.1.1 APAC: Tunnel Sensor Market, By Application
10.2 Road Tunnels
10.2.1 Overview
10.2.2 Road Tunnels Market Revenue and Forecast to 2027 (US$ Million)
10.3 Rail Tunnels
10.3.1 Overview
10.3.2 Rail Tunnels Market Revenue and Forecast to 2027 (US$ Million)
10.4 Others
10.4.1 Overview
10.4.2 Others Market Revenue and Forecast to 2027 (US$ Million)
11. Tunnel Sensor Market – Country Analysis
11.1 APAC: Tunnel Sensor Market
11.1.1 APAC: Tunnel Sensor Market, By Country
11.1.1.1 Australia: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.1.1 Australia: Tunnel Sensor Market, by Solution
11.1.1.1.2 Australia: Tunnel Sensor Market, by Services
11.1.1.1.3 Australia: Tunnel Sensor Market, by Connectivity
11.1.1.1.4 Australia: Tunnel Sensor Market, by Application
11.1.1.2 China: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.2.1 China: Tunnel Sensor Market, by Solution
11.1.1.2.2 China: Tunnel Sensor Market, by Services
11.1.1.2.3 China: Tunnel Sensor Market, by Connectivity
11.1.1.2.4 China: Tunnel Sensor Market, by Application
11.1.1.3 India: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.3.1 India: Tunnel Sensor Market, by Solution
11.1.1.3.2 India: Tunnel Sensor Market, by Services
11.1.1.3.3 India: Tunnel Sensor Market, by Connectivity
11.1.1.3.4 India: Tunnel Sensor Market, by Application
11.1.1.4 Japan: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.4.1 Japan: Tunnel Sensor Market, by Solution
11.1.1.4.2 Japan: Tunnel Sensor Market, by Services
11.1.1.4.3 Japan: Tunnel Sensor Market, by Connectivity
11.1.1.4.4 Japan: Tunnel Sensor Market, by Application
11.1.1.5 South Korea: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.5.1 South Korea: Tunnel Sensor Market, by Solution
11.1.1.5.2 South Korea: Tunnel Sensor Market, by Services
11.1.1.5.3 South Korea: Tunnel Sensor Market, by Connectivity
11.1.1.5.4 South Korea: Tunnel Sensor Market, by Application
11.1.1.6 Rest of APAC: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.6.1 Rest of APAC: Tunnel Sensor Market, by Solution
11.1.1.6.2 Rest of APAC: Tunnel Sensor Market, by Services
11.1.1.6.3 Rest of APAC: Tunnel Sensor Market, by Connectivity
11.1.1.6.4 Rest of APAC: Tunnel Sensor Market, by Application
12. Tunnel Sensor Market- COVID-19 Impact Analysis
12.1 Asia-Pacific
13. Industry Landscape
13.1 Market Initiative
13.2 Merger and Acquisition
13.3 New Development
14. Company Profiles
14.1 ACOEM
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Advance Technologies Asia Sdn. Bhd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 CODEL International Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Control Equipment Pty Ltd.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Durag Group
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Safibra, s.r.o.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 SICK AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Trolex Ltd
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia: Tunnel Sensor Market, By Solutions – Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia: Tunnel Sensor Market, By Services – Revenue and Forecast to 2027 (US$ Million)
Table 4. Australia: Tunnel Sensor Market, By Connectivity – Revenue and Forecast to 2027 (US$ Million)
Table 5. Australia: Tunnel Sensor Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 6. China: Tunnel Sensor Market, By Solutions – Revenue and Forecast to 2027 (US$ Million)
Table 7. China: Tunnel Sensor Market, By Services – Revenue and Forecast to 2027 (US$ Million)
Table 8. China: Tunnel Sensor Market, By Connectivity – Revenue and Forecast to 2027 (US$ Million)
Table 9. China: Tunnel Sensor Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. India: Tunnel Sensor Market, By Solutions – Revenue and Forecast to 2027 (US$ Million)
Table 11. India: Tunnel Sensor Market, By Services – Revenue and Forecast to 2027 (US$ Million)
Table 12. India: Tunnel Sensor Market, By Connectivity – Revenue and Forecast to 2027 (US$ Million)
Table 13. India: Tunnel Sensor Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. Japan: Tunnel Sensor Market, By Solutions – Revenue and Forecast to 2027 (US$ Million)
Table 15. Japan: Tunnel Sensor Market, By Services – Revenue and Forecast to 2027 (US$ Million)
Table 16. Japan: Tunnel Sensor Market, By Connectivity – Revenue and Forecast to 2027 (US$ Million)
Table 17. Japan: Tunnel Sensor Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. South Korea: Tunnel Sensor Market, By Solutions – Revenue and Forecast to 2027 (US$ Million)
Table 19. South Korea: Tunnel Sensor Market, By Services – Revenue and Forecast to 2027 (US$ Million)
Table 20. South Korea: Tunnel Sensor Market, By Connectivity – Revenue and Forecast to 2027 (US$ Million)
Table 21. South Korea: Tunnel Sensor Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of APAC: Tunnel Sensor Market, By Solution – Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of APAC: Tunnel Sensor Market, By Services – Revenue and Forecast to 2027 (US$ Million)
Table 24. Rest of APAC: Tunnel Sensor Market, By Connectivity – Revenue and Forecast to 2027 (US$ Million)
Table 25. Rest of APAC: Tunnel Sensor Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Tunnel Sensor Market Segmentation
Figure 2. Tunnel Sensor Market Segmentation – By Country
Figure 3. APAC Tunnel Sensor Market Overview
Figure 4. Air Quality Monitoring Segment Held the Largest Share During Forecast Period
Figure 5. Wired Segment Dominated the Market
Figure 6. Installation Services Segment Held the Largest Market Share
Figure 7. Road Tunnels Segment to be a Fastest Growing Application
Figure 8. Asia-Pacific – PEST Analysis
Figure 9. Ecosystem Analysis
Figure 10. Tunnel Sensor Market Impact Analysis of Drivers and Restraints
Figure 11. APAC: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. APAC: Tunnel Sensor Market Revenue Share, By Solution (2019 and 2027)
Figure 13. Visibility Monitoring Market Revenue and Forecast To 2027(US$ Million)
Figure 14. Air Flow Monitoring Market Revenue and Forecast To 2027(US$ Million)
Figure 15. Air Quality Monitoring Market Revenue and Forecast To 2027(US$ Million)
Figure 16. Filter Monitoring Market Revenue and Forecast To 2027(US$ Million)
Figure 17. Fire Monitoring Market Revenue and Forecast To 2027(US$ Million)
Figure 18. Other Solutions Market Revenue and Forecast To 2027(US$ Million)
Figure 19. APAC: Tunnel Sensor Market Revenue Share, By Services (2019 and 2027)
Figure 20. Installation Services Market Revenue and Forecast to 2027(US$ Million)
Figure 21. Maintenance Services Market Revenue and Forecast to 2027(US$ Million)
Figure 22. Consulting Services Market Revenue and Forecast to 2027(US$ Million)
Figure 23. APAC: Tunnel Sensor Market Revenue Share, By Connectivity (2019 and 2027)
Figure 24. Wired Market Revenue and Forecast to 2027(US$ Million)
Figure 25. Wireless Market Revenue and Forecast to 2027(US$ Million)
Figure 26. APAC: Tunnel Sensor Market Revenue Share, By Application (2019 and 2027)
Figure 27. Road Tunnel Market Revenue and Forecast to 2027(US$ Million)
Figure 28. Rail Tunnels Market Revenue and Forecast to 2027(US$ Million)
Figure 29. Others Market Revenue and Forecast to 2027(US$ Million)
Figure 30. APAC: Tunnel Sensor Market Revenue Share, By Country (2019 and 2027)
Figure 31. Australia: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. China: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. India: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Japan: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. South Korea: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Rest of APAC: Tunnel Sensor Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- CODEL International Ltd.
- DURAG GROUP
- Advance Technologies Asia Sdn. Bhd.
- ACOEM
- Control Equipment Pty Ltd.
- Trolex Ltd.
- Safibra, s.r.o.
- SICK AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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