Global Tunnel Monitoring System Market
Posted: Feb 28, 2019
Global Tunnel Monitoring System Market is expected to reach USD 616.4 Million by 2024 from USD 280.3 Million in 2017 at a CAGR of 10.5% (Detailed analysis of the market CAGR is provided in the report).
Increasing investments in tunnel infrastructure across countries worldwide, catastrophic failure of tunnels resulting in loss of lives and incurring high costs, decreasing the cost of sensors resulting in reduced cost of tunnel monitoring systems, and strict regulations pertaining to tunnel safety are the major factors driving the growth of the tunnel monitoring system market.
Global Tunnel Monitoring System Market is majorly segmented by offering, tunnel type, and networking technology. By tunnel type, the market is segmented as Highway Tunnels, Railway Tunnels, and Others. The market is segmented by offering, which includes Hardware, Software & Services. The Tunnel Monitoring System is also segmented by networking technology, which includes Wired, and Wireless.
Geographically, the Tunnel Monitoring System Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Europe is expected to be the largest market for Tunnel Monitoring System market during the forecast period. Europe is among the technologically advanced regions worldwide. Well-established manufacturing industries in countries such as Germany, France, and UK are the major concentration units for hardware manufacturers and software developers of tunnel monitoring systems.
The years that have been considered for the study are
- Base year – 2017
- Estimated year – 2018
- Forecast period – 2018 to 2024
- Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Global Tunnel Monitoring System Market during the forecast period
- Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
- In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
- Global Tunnel Monitoring System Market analysis and comprehensive segmentation with respect to the offering, tunnel type, networking technology, and geography to assist in strategic business planning
- Global Tunnel Monitoring System Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions.
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for global Tunnel Monitoring System Market
Key Players in the Global Tunnel Monitoring System Market Are:
- Nova Metrix
- James Fisher
- Sixense Soldata
- RST Instruments
- Keller Group
- Geomotion Singapore
Key Target Audience:
- Tunnel Monitoring System material manufacturers
- Raw material suppliers
- Tunnel Monitoring System traders and distributors
- Research & development institutions
- Industry Associations
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The scope of the Global Tunnel Monitoring System Market:
Research report categorizes the Global Tunnel Monitoring System Market Market based on the offering, tunnel type, networking technology, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Tunnel Monitoring System Market with key developments in companies and market trends.
Global Tunnel Monitoring System Market, By Offering:
- Software and Services
Global Tunnel Monitoring System Market, By Tunnel Type:
- Highway Tunnels
- Railway Tunnels
Global Tunnel Monitoring System Market, By Networking Technology:
Global Tunnel Monitoring System Market, By Geography:
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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