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By 2030, the global tunnel automation market is projected to reach USD 6.8 billion, growing at a CAGR of 8.7% from 2023 to 2030. The market is being driven by government laws, an increase in traffic accidents, and a growing level of IoT and cloud connection with tunnel automation technology. Both the increase in tunnel construction projects and the use of analytics to tunnel management will likely create considerable growth opportunities for industry participants.
In order to control traffic, a tunnel must successfully and effectively handle a huge number of ventilation systems, lighting systems, and speed limit indicators. These systems together consume a lot of power. Serious accidents could happen if any system had a bug or if the power supply malfunctioned. Automation of the tunnel system is hence the best option for preventing such terrible mishaps. Faster transportation of goods, vehicles, and products is made possible via tunnels, but at a higher expense and risk. By using renewable energy sources and lessening the need for human labour, tunnel automation can save costs. Automation of tunnels is intended to increase safety by fostering a fast-moving environment. The main drivers of tunnel automation adoption include strict governmental regulations, a rise in traffic accidents, a critical need for enhanced security, and the growing integration of cloud computing and IoT into tunnel automation solutions.
Driving Factors
The expansion of the tunnel automation market is also being fueled by numerous government policies that support the usage of tunnel automation technologies. The market is expanding as a result of the rising integration of IOT and cloud technologies with tunnel automation solutions. Additionally, the market for tunnel automation is being actively driven by factors such as an increase in accidents, an increase in project funding, and outmoded railway tunnels. The expansion of the tunnel automation market is also being supported by rising connectivity and based IT services as well as continuously rising connectivity and based IT services during the forecast period.
Restraining Factors
The expensive initial investment is the biggest drawback. The development of tunnel automation is expensive, it is challenging to move, and it needs a lot of electricity. The drive can be impeded by large boulders and stones. All underground automated systems require a competent crew with technical understanding of the machine's functioning for the tunnel service operations, and a shortage of the required people hinders product sales, lowering market value.
Report Coverage
Global Tunnel Automation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Tunnel Automation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Tunnel Automation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Tunnel Automation market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Tunnel Automation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Tunnel Automation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CODEL International Ltd, Monitoring Solutions, General Electric, PHOENIX CONTACT, Delta Electronics, Inc., Advantech Co. Ltd., Honeywell International Inc., Eaton, SWARCO, Agidens International NV, SICE, Indra Sistemas, OSRAM GmbH, Johnson Controls, Siemens, Trane, SICK AG, ABB, Kapsch, Koninklijke Philips N.V.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Tunnel Automation market based on the below-mentioned segments:
Global Tunnel Automation Market, By Type
Global Tunnel Automation market, By Component
Global Tunnel Automation market, Regional Analysis
In order to control traffic, a tunnel must successfully and effectively handle a huge number of ventilation systems, lighting systems, and speed limit indicators. These systems together consume a lot of power. Serious accidents could happen if any system had a bug or if the power supply malfunctioned. Automation of the tunnel system is hence the best option for preventing such terrible mishaps. Faster transportation of goods, vehicles, and products is made possible via tunnels, but at a higher expense and risk. By using renewable energy sources and lessening the need for human labour, tunnel automation can save costs. Automation of tunnels is intended to increase safety by fostering a fast-moving environment. The main drivers of tunnel automation adoption include strict governmental regulations, a rise in traffic accidents, a critical need for enhanced security, and the growing integration of cloud computing and IoT into tunnel automation solutions.
Driving Factors
The expansion of the tunnel automation market is also being fueled by numerous government policies that support the usage of tunnel automation technologies. The market is expanding as a result of the rising integration of IOT and cloud technologies with tunnel automation solutions. Additionally, the market for tunnel automation is being actively driven by factors such as an increase in accidents, an increase in project funding, and outmoded railway tunnels. The expansion of the tunnel automation market is also being supported by rising connectivity and based IT services as well as continuously rising connectivity and based IT services during the forecast period.
Restraining Factors
The expensive initial investment is the biggest drawback. The development of tunnel automation is expensive, it is challenging to move, and it needs a lot of electricity. The drive can be impeded by large boulders and stones. All underground automated systems require a competent crew with technical understanding of the machine's functioning for the tunnel service operations, and a shortage of the required people hinders product sales, lowering market value.
Report Coverage
Global Tunnel Automation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Tunnel Automation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Tunnel Automation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Tunnel Automation market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | CODEL International Ltd, Monitoring Solutions, General Electric, PHOENIX CONTACT, Delta Electronics, Inc., Advantech Co. Ltd., Honeywell International Inc., Eaton, SWARCO, Agidens International NV, SICE, Indra Sistemas, OSRAM GmbH, Johnson Controls, Siemens, Trane, SICK AG, ABB, Kapsch, Koninklijke Philips N.V. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Tunnel Automation Market from 2021 to 2030.
- Market Forecast for Tunnel Automation Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Tunnel Automation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Tunnel Automation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Tunnel Automation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Tunnel Automation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CODEL International Ltd, Monitoring Solutions, General Electric, PHOENIX CONTACT, Delta Electronics, Inc., Advantech Co. Ltd., Honeywell International Inc., Eaton, SWARCO, Agidens International NV, SICE, Indra Sistemas, OSRAM GmbH, Johnson Controls, Siemens, Trane, SICK AG, ABB, Kapsch, Koninklijke Philips N.V.
Primary Target Market
- Market Players of Tunnel Automation
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Tunnel Automation market based on the below-mentioned segments:
Global Tunnel Automation Market, By Type
- Railway Tunnels
- Highway and Roadway Tunnels
Global Tunnel Automation market, By Component
- HVAC
- Lighting & Power Supply
- Signalization
Global Tunnel Automation market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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