Transparency Market Research
The demand within the global tunnel automation market has been expanding on account of advancements in the field of constructions and roadways. The construction of tunnels follows a long-drawn process that includes proper conceptualisation, planning, and execution. Tunnel automation has emerged as an important domain that has helped in understanding and retaining the feasibility of tunnels across various passes. The roadways of a particular region can be rerouted and improved the construction of well-planned tunnels. Hence, the global tunnel automation market is projected to expand at a stellar pace in the years to follow. Moreover, the seamless growth of the constructions industry has also generated a plethora of opportunities within the global tunnel automation market.
The construction of tunnels is majorly done to bypass the presence of geographical blockages. This necessitates the presence of all the important aids for lighting and routing inside tunnels. Hence, the global tunnel automation market is projected to grow at a starry rate in the years to follow. Moreover, the increasing volume of traffic across the world has compelled traffic authorities to take pragmatic steps towards managing the humongous volume of vehicles. This trend has also emerged as a key driver of demand within the global tunnel automation market in recent times.
On the basis of geography, the global tunnel automation market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The market for tunnel automation in the Middle East and Africa has grown alongside advancements in the region’s constructions industry.
Tunnel refers to an enclosed pathway from which facilitates the swift movement of road traffic, rail traffic or sometimes a tunnel is made for a canal. A tunnel compromises of a large number of lighting systems, ventilation systems, and speed limit indicators, among others which consume the significant amount of power and hence needs to be operated efficiently to regulate the traffic. Any failure in the power supply or a fault in the operation of any system may lead to accidents. Hence, the automation of the tunnel system provides an excellent option to prevent such misfortunate incidents. A growing number of regions are resorting to the automation of tunnel systems which presents significant growth prospects for the tunnel automation market.
The primary factors driving the global tunnel automation market includes stringent government regulations regarding deployment of tunnel automation solutions and growing integration of IoT and cloud into tunnel automation solutions. Rising incidents of road accidents leading to increasing demand for enhanced security and this in turn propelling the growth of the global tunnel automation market at a decent rate during the research study. Moreover, increasing adoption of integrated analytics platform for tunnel management and rising number of tunnel construction projects across the globe are creating new opportunities for the growth of the global tunnel automation market in the coming years. However, high deployment cost of tunnel systems is hampering the growth of the global tunnel automation market during the forecast period.
The global tunnel automation market can be segmented on the basis of tunnel type, component, offering, and geography. On the basis of tunnel type, the global tunnel automation market can be segmented into railway tunnels and highway & roadway tunnels. Among all the tunnel types, railway tunnels are expected to account for the largest share in the global market during the research study. This is due to the increasing number of projects related to the construction of subway and railway tunnels and rising incidents of accidents in railway tunnels. These factors have also prompted several railway network authorities across the world to automate their railway tunnel systems. Based on component, the global tunnel automation market can be segregated into HVAC, lighting & power supply, signalization, and others. Among all components, HVAC is anticipated to dominate the global market during the forecast period. This is mainly due to necessity provide forced ventilation inside tunnels as tunnel enclosures have limited access from outside and do not have natural ventilation.
Furthermore, the offering segment can be categorized into hardware, software, and services. On the basis of geography, the global tunnel automation market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among all the regions, Europe is projected to be the dominant region followed by the Asia Pacific during the forecast period. This is primarily due to well-established manufacturing industries, high demand for public transport in most cities, and the presence of several mountain ranges in the region. In the Asia Pacific, rapid urbanization and economic growth in various countries in the region.
Some of the emerging players operating in the global tunnel automation market include Siemens, Johnson Controls, Kapsch, Eaton, ABB Group, Swarco, Sick Ag, Trane, Honeywell, and Philips Lighting among others.
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