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HOME Top Market Reports Tunnel Monitoring System Market by Offering (Hardware, and Software & Services), Tunnel Type (Highway, Railway), Networking Technologies (Wired and Wireless), and Region (Americas, Europe, Asia Pacific) - Global Forecast to 2023

Tunnel Monitoring System Market by Offering (Hardware, and Software & Services), Tunnel Type (Highway, Railway), Networking Technologies (Wired and Wireless), and Region (Americas, Europe, Asia Pacific) - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: SE 6215

 

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[141 Pages Report] The tunnel monitoring system market is expected to grow from USD 292.7 Million in 2017 to USD 663.8 Million by 2023, at a CAGR of 14.27% during the forecast period. This report provides the size and studies the future growth potential of the tunnel monitoring system market. The market, in this report, has been segmented on the basis of offering, tunnel type, networking technology, and region. The study identifies and analyzes dynamics such as drivers, restraints, opportunities, and industry-specific challenges pertaining to the tunnel monitoring system market. This report also profiles the key players operating in the tunnel monitoring system market. The base year considered for the study is 2017, and the market size forecast is provided for the period between 2018 and 2023.

The prime objectives of this report can be summarized in the following points.

  • To define, describe, and forecast the global tunnel monitoring system market on the basis of offering, tunnel type, networking technology, and geography
  • To forecast the size of market segments with respect to 4 major regions: Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the tunnel monitoring system market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the overall market
  • To provide industry trends, insights based on the value chain analysis, and strategic benchmarking of the tunnel monitoring system market
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies, along with detailing the competitive landscape for market players
  • To analyze competitive developments such as mergers & acquisitions, product launches and developments, contracts, partnerships, collaborations, and research & development (R&D) in the tunnel monitoring system market

This study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in the report is explained below.

  • Identifying the tunnels that either have deployed or are expected to deploy tunnel monitoring systems, along with related software
  • Tracking the major tunnel monitoring system manufacturing companies across various sectors and system integrators
  • Estimating the market size for different tunnel types based on the demand for tunnel monitoring systems
  • Tracking the ongoing and upcoming tunnel monitoring system implementation projects by manufacturing companies, and forecasting the market size based on these developments and other critical parameters
  • Discussing with key opinion leaders to understand the monitoring type and software deployed in these monitoring projects to analyze the breakup of the scope of work by each major tunnel monitoring system manufacturing company
  • Arriving at the market estimates by analyzing the country-wise sales of the tunnel monitoring systems by these manufacturing companies and combining the data to arrive at the market estimate by region
  • Verifying and crosschecking the estimates at every level through discussions with key opinion leaders, including CEOs, directors, operation managers, and MarketsandMarkets domain experts
  • Studying various paid and unpaid information sources, such as annual reports, press releases, and white papers

After arriving at the overall market size, the total market has been split into several segments and subsegments, which were further confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.

Tunnel Monitoring System Market

To know about the assumptions considered for the study, download the pdf brochure

The tunnel monitoring system ecosystem comprises hardware component manufacturers, such as Nova Metrix (US), SISGEO (Italy), James Fisher (UK), and GEOKON (US); and software and service providers, such as COWI (Denmark), Ramboll (Denmark), and Fugro (Netherlands).

Key Target Audience

  • Semiconductor and electronic component manufacturers and distributors
  • Sensor manufacturers and distributors
  • Component manufacturers
  • Original equipment manufacturers (OEMs)
  • Original design manufacturers (ODMs) and technology solution providers
  • Technology standards organizations, forums, alliances, and associations
  • Government bodies, venture capitalists, and private equity firms
  • System integrators
  • Value added resellers
  • Research organizations
  • Technology investors

Scope of the Report

The tunnel monitoring system market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The tunnel monitoring system market has been segmented on the basis of:

Offering

  • Hardware
  • Software and Services

Tunnel Type

  • Highway Tunnels
  • Railway Tunnels
  • Others

Networking Technology

  • Wired
  • Wireless

Geography

  • Americas
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Offering Analysis:

  • Detailed analysis of hardware and software services in the tunnel monitoring system market

Country-Wise Information:

  • Detailed analysis of each country

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)


Get more insight on other verticals of Semiconductor and Electronics Market Research Reports & Consulting

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Arriving at the Market Size By Bottom-Up Analysis
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Tunnel Monitoring System Market
    4.2 Tunnel Monitoring System Market in Americas, By Networking Technology
    4.3 Tunnel Monitoring System Market in Europe, By Tunnel Type and Country (2018)
    4.4 Tunnel Monitoring System Market, By Geography

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics: Tunnel Monitoring System Market
           5.2.1 Drivers
                    5.2.1.1 Increasing Investments in Tunnel Infrastructure Across Countries
                    5.2.1.2 Catastrophic Failure of Tunnels Resulting in Loss of Lives and Incurring High Costs
                    5.2.1.3 Decreasing Cost of Sensors Resulting in Reduced Cost of Tunnel Monitoring Systems
                    5.2.1.4 Strict Regulations Pertaining to Tunnel Safety
           5.2.2 Restraints
                    5.2.2.1 High Installation and Monitoring Costs
                    5.2.2.2 Management, Processing, and Analysis of Large Volume of Data
           5.2.3 Opportunities
                    5.2.3.1 Latent Opportunities in APAC Countries
                    5.2.3.2 Advancements in Sensors and Wireless Sensor Network (WSN)
                    5.2.3.3 Integration Technology
           5.2.4 Challenges
                    5.2.4.1 Requirement of Skilled Personnel for Installation and Calibration of Tunnel Monitoring Systems
                    5.2.4.2 Technical Challenges and Operational Factors
    5.3 Value Chain Analysis
           5.3.1 Instrumentation and Hardware Manufacturers
                    5.3.1.1 Research & Product Development
                    5.3.1.2 Raw Material/Component Suppliers
                    5.3.1.3 Manufacturers and Assemblers
                    5.3.1.4 Distributors
                    5.3.1.5 Post-Sales Services
           5.3.2 Software and Service Providers
           5.3.3 End Users
    5.4 Key Trends: Tunnel Monitoring System Market

6 Tunnel Monitoring System Market, By Offering (Page No. - 45)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Sensors
           6.2.2 Data Acquisition Systems (DAS) and Communication Systems
           6.2.3 Others
    6.3 Software & Services
           6.3.1 Software
           6.3.2 Services
                    6.3.2.1 Design and Installation Services
                    6.3.2.2 Real-Time Monitoring Services
                    6.3.2.3 Data Analysis and Reporting Services
                    6.3.2.4 Preventative Maintenance and Repair Services

7 Tunnel Monitoring System Market, By Tunnel Type (Page No. - 54)
    7.1 Introduction
    7.2 Highway Tunnels
    7.3 Railway Tunnels
    7.4 Other Tunnels

8 Tunnel Monitoring System Market, By Networking Technology (Page No. - 60)
    8.1 Introduction
    8.2 Wired
    8.3 Wireless

9 Tunnel Monitoring System Market, By Geography (Page No. - 65)
    9.1 Introduction
    9.2 Americas
           9.2.1 North America
                    9.2.1.1 US
           9.2.2 Rest of North America
                    9.2.2.1 Canada
                    9.2.2.2 Mexico
           9.2.3 South America
    9.3 Europe
           9.3.1 UK
           9.3.2 Germany
           9.3.3 France
           9.3.4 Italy
           9.3.5 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 Japan
           9.4.3 South Korea
           9.4.4 Rest of APAC
    9.5 Rest of the World (RoW)
           9.5.1 Middle East
           9.5.2 Africa

10 Competitive Landscape (Page No. - 99)
     10.1 Introduction
     10.2 Ranking of Market Players Based on Their Hardware, and Software and Services Offerings in the Tunnel Monitoring System Market, 2017
     10.3 Competitive Scenario and Trends
             10.3.1 Product Launches and Developments
             10.3.2 Partnerships, Contracts, Agreements, and Collaborations
             10.3.3 Mergers & Acquisitions

11 Company Profiles (Page No. - 107)
     11.1 Introduction
     11.2 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             11.2.1 Nova Metrix
             11.2.2 Sisgeo
             11.2.3 Sixense Soldata
             11.2.4 James Fisher
             11.2.5 Geokon
             11.2.6 Cowi
             11.2.7 Ramboll
             11.2.8 RST Instruments
             11.2.9 Geocomp
             11.2.10 Fugro
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     11.3 Other Important Players
             11.3.1 Keller Group
             11.3.2 HBM
             11.3.3 Geomotion Singapore
             11.3.4 VMT
             11.3.5 Geosig
     11.4 Startup Ecosystem
             11.4.1 Set Point Technologies
             11.4.2 NBG Systems
             11.4.3 Autostrade Tech
             11.4.4 Sodis Lab
             11.4.5 Infibra Technologies

12 Appendix (Page No. - 133)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (66 Tables)

Table 1 Tunnel Monitoring System Market, By Offering, 2015–2023 (USD Million)
Table 2 Tunnel Monitoring System Market, for Sensors, 2015–2023 (Million Units)
Table 3 Tunnel Monitoring System Market for Hardware, By Region, 2015–2023 (USD Million)
Table 4 Tunnel Monitoring System Market for Software and Services, By Region, 2015–2023 (USD Million)
Table 5 Tunnel Monitoring System Market, By Tunnel Type, 2015–2023 (USD Million)
Table 6 Tunnel Monitoring System Market for Highway Tunnels, By Region, 2015–2023 (USD Million)
Table 7 Tunnel Monitoring System Market for Railway Tunnels, By Region, 2015–2023 (USD Million)
Table 8 Tunnel Monitoring System Market for Other Tunnels, By Region, 2015–2023 (USD Million)
Table 9 Tunnel Monitoring System Market, By Networking Technology, 2015–2023 (USD Million)
Table 10 Market for Wired Tunnel Monitoring Systems, By Region, 2015–2023 (USD Million)
Table 11 Market for Wireless Tunnel Monitoring Systems, By Region, 2015–2023 (USD Million)
Table 12 Tunnel Monitoring System Market By Region, 2015–2023 (USD Million)
Table 13 Tunnel Monitoring System Market in the Americas, By Region, 2015–2023 (USD Million)
Table 14 Tunnel Monitoring System Market in the Americas, By Offering, 2015–2023 (USD Million)
Table 15 Tunnel Monitoring System Market in Americas, By Networking Technology, 2015–2023 (USD Million)
Table 16 Tunnel Monitoring System Market in the Americas, By Tunnel Type, 2015–2023 (USD Million)
Table 17 Tunnel Monitoring System Market in North America, By Offering, 2015–2023 (USD Million)
Table 18 Tunnel Monitoring System Market in North America, By Networking Technology, 2015–2023 (USD Million)
Table 19 Tunnel Monitoring System Market in North America, By Tunnel Type, 2015–2023 (USD Million)
Table 20 Tunnel Monitoring System Market in North America, By Country/Region, 2015–2023 (USD Million)
Table 21 Tunnel Monitoring System Market in the US, By Offering, 2015–2023 (USD Million)
Table 22 Tunnel Monitoring System Market in the US, By Networking Technology, 2015–2023 (USD Million)
Table 23 Tunnel Monitoring System Market in Rest of North America, By Offering, 2015–2023 (USD Million)
Table 24 Tunnel Monitoring System Market in Rest of North America, By Networking Technology, 2015–2023 (USD Million)
Table 25 Tunnel Monitoring System Market in South America, By Offering, 2015–2023 (USD Million)
Table 26 Tunnel Monitoring System Market in South America, By Networking Technology, 2015–2023 (USD Million)
Table 27 Tunnel Monitoring System Market in South America, By Tunnel Type, 2015–2023 (USD Million)
Table 28 Tunnel Monitoring System Market in Europe, By Offering, 2015–2023 (USD Million)
Table 29 Tunnel Monitoring System Market in Europe, By Networking Technology, 2015–2023 (USD Million)
Table 30 Tunnel Monitoring System Market in Europe, By Tunnel Type, 2015–2023 (USD Million)
Table 31 Tunnel Monitoring System Market in Europe, By Country/Region, 2015–2023 (USD Million)
Table 32 Tunnel Monitoring System Market in the UK, By Offering, 2015–2023 (USD Million)
Table 33 Tunnel Monitoring System Market in the UK, By Networking Technology, 2015–2023 (USD Million)
Table 34 Tunnel Monitoring System Market in Germany, By Offering, 2015–2023 (USD Million)
Table 35 Tunnel Monitoring System Market in Germany, By Networking Technology, 2015–2023 (USD Million)
Table 36 Tunnel Monitoring System Market in France, By Offering, 2015–2023 (USD Million)
Table 37 Tunnel Monitoring System Market in France, By Networking Technology, 2015–2023 (USD Million)
Table 38 Tunnel Monitoring System Market in Italy, By Offering, 2015–2023 (USD Million)
Table 39 Tunnel Monitoring System Market in Italy, By Networking Technology, 2015–2023 (USD Million)
Table 40 Tunnel Monitoring System Market in Rest of Europe, By Offering, 2015–2023 (USD Million)
Table 41 Tunnel Monitoring System Market in Rest of Europe, By Networking Technology, 2015–2023 (USD Million)
Table 42 Tunnel Monitoring System Market in APAC, By Offering, 2015–2023 (USD Million)
Table 43 Tunnel Monitoring System Market in APAC, By Networking Technology, 2015–2023 (USD Million)
Table 44 Tunnel Monitoring System Market in APAC, By Tunnel Type, 2015–2023 (USD Million)
Table 45 Tunnel Monitoring System Market in APAC, By Country/Region, 2015–2023 (USD Million)
Table 46 Tunnel Monitoring System Market in China, By Offering, 2015–2023 (USD Million)
Table 47 Tunnel Monitoring System Market in China, By Networking Technology, 2015–2023 (USD Million)
Table 48 Tunnel Monitoring System Market in Japan, By Offering, 2015–2023 (USD Million)
Table 49 Tunnel Monitoring System Market in Japan, By Networking Technology, 2015–2023 (USD Million)
Table 50 Tunnel Monitoring System Market in South Korea, By Offering, 2015–2023 (USD Million)
Table 51 Tunnel Monitoring System Market in South Korea, By Networking Technology, 2015–2023 (USD Million)
Table 52 Tunnel Monitoring System Market in Rest of APAC, By Offering, 2015–2023 (USD Million)
Table 53 Tunnel Monitoring System Market in Rest of APAC, By Networking Technology, 2015–2023 (USD Million)
Table 54 Tunnel Monitoring System Market in RoW, By Offering, 2015–2023 (USD Million)
Table 55 Tunnel Monitoring System Market in RoW, By Networking Technology, 2015–2023 (USD Million)
Table 56 Tunnel Monitoring System Market in RoW, By Tunnel Type, 2015–2023 (USD Million)
Table 57 Tunnel Monitoring System Market in RoW, By Region, 2015–2023 (USD Million)
Table 58 Tunnel Monitoring System Market in the Middle East, By Offering, 2015–2023 (USD Million)
Table 59 Tunnel Monitoring System Market in the Middle East, By Networking Technology, 2015–2023 (USD Million)
Table 60 Tunnel Monitoring System Market in Africa, By Offering, 2015–2023 (USD Million)
Table 61 Tunnel Monitoring System Market in Africa, By Networking Technology, 2015–2023 (USD Million)
Table 62 Ranking of Market Players Based on Their Hardware Offerings in the Tunnel Monitoring System Market, 2017
Table 63 Ranking of Market Players Based on Their Software and Services Offerings in the Tunnel Monitoring System Market, 2017
Table 64 Key Product Launches and Developments in the Tunnel Monitoring System Market, 2015–2017
Table 65 Major Partnerships, Contracts, Agreements, and Collaborations in the Tunnel Monitoring System Market, 2015–2017
Table 66 Key Mergers & Acquisitions in the Tunnel Monitoring System Market, 2015–2017


List of Figures (41 Figures)

Figure 1 Segmentation of the Tunnel Monitoring System Market
Figure 2 Tunnel Monitoring System Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Hardware to Hold A Larger Share of the Tunnel Monitoring System Market Throughout the Forecast Period
Figure 7 Wired Networking Technology to Hold A Larger Size of the Tunnel Monitoring System Market Throughout the Forecast Period
Figure 8 Tunnel Monitoring System Market for Railway Tunnels to Grow at the Highest CAGR During the Forecast Period
Figure 9 Tunnel Monitoring System Market in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 10 Increasing Investments in Building Tunnels in Various Countries Worldwide to Propel the Growth of the Tunnel Monitoring System Market Between 2018 and 2023
Figure 11 Wired Networking Technology to Hold A Larger Share of the Tunnel Monitoring System Market in the Americas Throughout the Forecast Period
Figure 12 Railway Tunnels to Hold the Largest Share of the Tunnel Monitoring System Market in Europe in 2018
Figure 13 China is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Benefits of Tunnel Monitoring Systems
Figure 15 Costs Involved in Tunnel Monitoring
Figure 16 Tunnel Monitoring System Market: Value Chain
Figure 17 Components of Tunnel Monitoring System
Figure 18 Hardware to Hold A Larger Share of the Tunnel Monitoring System Market Throughout the Forecast Period
Figure 19 Tunnel Monitoring System Market for Hardware in APAC to Grow at the Highest CAGR Between 2018 and 2023
Figure 20 Tunnel Monitoring System Market for Software and Services in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 21 Tunnel Monitoring System Market, By Tunnel Type
Figure 22 Railway Tunnels to Hold the Largest Size of the Tunnel Monitoring System Market Throughout the Forecast Period
Figure 23 Europe to Hold the Largest Share of the Tunnel Monitoring System Market for Railway Tunnels Throughout the Forecast Period
Figure 24 Tunnel Monitoring System Market, By Networking Technology
Figure 25 Wired Networking Technology Held A Larger Size of the Tunnel Monitoring System Market in 2017
Figure 26 Tunnel Monitoring System Market, By Region
Figure 27 Tunnel Monitoring System Market in Rest of APAC to Grow at the Highest CAGR During the Forecast Period
Figure 28 Tunnel Monitoring System Market in APAC to Grow at the Highest CAGR Between 2018 and 2023
Figure 29 Snapshot of the Tunnel Monitoring System Market in the Americas
Figure 30 Snapshot of the Tunnel Monitoring System Market in Europe
Figure 31 UK to Hold the Largest Size of the Tunnel Monitoring System Market in Europe Throughout the Forecast Period
Figure 32 Snapshot of the Tunnel Monitoring System Market in APAC
Figure 33 China to Hold the Largest Size of the Tunnel Monitoring System Market in APAC Throughout the Forecast Period
Figure 34 Snapshot of the Tunnel Monitoring System Market in RoW
Figure 35 Key Developments of Players Offering Tunnel Monitoring Hardware Systems
Figure 36 Key Developments of Players Offering Tunnel Monitoring-Based Software & Services
Figure 37 Market Evaluation Framework: Product Launches and Developments Fueled Growth and Innovation Between 2015 and 2017
Figure 38 James Fisher: Company Snapshot
Figure 39 Cowi: Company Snapshot
Figure 40 Ramboll: Company Snapshot
Figure 41 Fugro: Company Snapshot

According to MarketsandMarkets forecast, the tunnel monitoring system market is expected to grow from USD 340.7 Million in 2018 to USD 663.8 Million by 2023, at a CAGR of 14.27% between 2018 and 2023. The major factors driving the growth of the tunnel monitoring system market include increasing investments in tunnel infrastructure across countries worldwide, catastrophic failure of tunnels resulting in loss of lives and incurring high costs, decreasing cost of sensors resulting in reduced cost of tunnel monitoring systems, and strict regulations pertaining to tunnel safety.

This report covers the tunnel monitoring system market on the basis of offering, tunnel type, networking technology, and region. Hardware is expected to hold a major share in 2017. Hardware is the most important component of a tunnel monitoring system and is used for measuring the physical aspects, such as temperature, pressure, strain, dynamic load, cracks, and corrosion, of a tunnel. Hardware used in tunnel monitoring systems includes various types of sensors, such as piezoelectric, piezoresistive, optical fiber, corrosion, temperature, and pressure sensors.

Railway tunnels are a crucial aspect of communication systems in any country. Most railway routes are in mountain ranges and in cities for underground transportation. Currently, major countries such as the US, the UK, Germany, Japan, China, India, Qatar, and Saudi Arabia are investing heavily in railway tunnels, thereby boosting their economy. For example, The Crossrail project is currently the biggest tunneling project in Europe with around 21km of the total 118km route contained within newly bored tunnels. In addition, the Middle East and China are increasingly investing in underground metro projects. Thus, the growing railway tunnel infrastructure would increase the demand for tunnel monitoring systems to maintain and monitor the health of railway tunnels.

Among the 2 networking technologies, wired networking technology is likely to hold a larger share of the tunnel monitoring system market throughout the forecast period. Wired networking technology-based tunnel monitoring systems are widely deployed in tunnels as these systems offer reliable connectivity, and there is no limitation on data transfer range. Also, data loss could be minimized using wired networking technology-based tunnel monitoring systems.

Europe held the largest share of the tunnel monitoring system market in 2017. 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. In the past two decades, the number of tunnel projects in Europe has increased, and the technical capabilities required in the tunneling industry have also been strengthened. There are several upcoming tunnel projects in Europe. For instance, the Fehmarn Belt Fixed Link between Denmark and Germany, which is said to be the longest immersed tunnel in the world; and the Brenner Base Tunnel between Austria and Italy, which would be the longest underground railway track connection in the world, are 2 major projects expanding the transport network in Europe. Such huge construction projects are boosting the growth opportunities for tunnel monitoring system providers in this region.

Tunnel Monitoring System Market

The tunnel monitoring system market in APAC is expected to grow at the highest rate during the forecast period due to the rapid development in countries such as China, South Korea, India, and Japan. Infrastructure in APAC is developing at a significant rate due to rapid urbanization and economic growth in various countries in the region. Infrastructure for transportation is crucial in APAC. Factors such as increased population and rapid urbanization have led to an increase in the use of highways and railways. To ensure connectivity across the entire country, several governments in APAC are heavily investing in infrastructural developments such as highways and railways. This, in turn, has led to an increase in the construction of tunnels in countries such as China and India.

Factors such as high installation and monitoring costs, and management, processing, and analysis of large volumes of data are restraining the growth of the tunnel monitoring system market. The cost of tunnel monitoring rises with distance, resolution, accuracy, precision, and repeatability. Though a tunnel monitoring system will help save costs in the long term, installation and monitoring costs are high due to the presence of advanced sensors, software, and complex data acquisition systems in the tunnel monitoring systems. Data processing and management is a major concern in the tunnel monitoring system market.

Major challenges for market players include the requirement of skilled personnel for the installation and calibration of tunnel monitoring systems, and technical challenges and operational factors. Technical challenges such as data transmission delays, data inaccuracy of instruments (to some extent), limited wireless bandwidth, and energy consumption by transceivers are making it challenging for operators to use tunnel monitoring systems widely.

The major vendors in the tunnel monitoring system market for hardware include Nova Metrix (US), SISGEO (Italy), James Fisher (UK), and GEOKON (US). The major vendors in the market for software and services include COWI (Denmark), Ramboll (Denmark), and Fugro (Netherlands). These players have adopted strategies such as product launches and developments to cater to their customer needs.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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