The scope of study involves understanding the factors contributing to the growth of the Tunnel Sensor Market; it also includes estimating and forecasting the revenues as well as conducting the market size analysis, along with spotting significant market players and their key developments.
According to the new research report titled “Tunnel Sensor Market Forecast to 2027 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the global tunnel sensor market is expected to reach US$ 5.39 billion by 2027, registering a CAGR of 5.5% during 2020–2027, the forecast period considered in the report.
Top Leading Companies
There are various other notable players in the global tunnel sensor market ecosystem, such as Bristol Industrial & Research Associates Ltd, Advance Technologies Asia Sdn. Bhd., Control Equipment Pty Ltd., Geonica, Safibra, s.r.o.
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Key findings of study:
The growing environmental pollution concerns and people safety concerns are further driving the demand for these sensors to measure concentration of gases such as Nitric Oxide (NO) and Carbon Monoxide (CO) in tunnel environments. Various technologies, such as ultrasound and electrochemical are used in air flow and air quality sensors. Artificial intelligence and IoT technologies such as advanced computer vision are expected to transform the way businesses are conducted. However, integration of smart technology such as adoption of wireless tunnel sensors is expected to boost the advancement in tunnel sensor. The government of the region is constantly focusing on the development as well as fixing of ragged roadways and highways. The adoption of tunnel sensors in road and railway tunnels is anticipated to increase owing to various advantages offered by these sensors. The federal government released approx. US$ 7.7 billion as transportation funding.
Furthermore, the American Society of Civil Engineers announced that there is a huge backlog of federal highway projects, which requires massive funding of approx. US$ 836 billion. Similarly, the Indian Government is continuously concentrating on the development of India’s infrastructure sector. Several on-going projects in India are funded by the Government, namely Chenani – Nashri Tunnel: Asia’s longest bi-directional highways tunnel, Banihal-Qazigund Tunnel: India’s longest and Asia’s third-longest railway tunnel, and many more. These factors is expected to propel the growth of tunnel sensors during the forecast period.
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