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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

April 2018 | 142 pages | ID: T069C3E8A02EN
MarketsandMarkets

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“Catastrophic failures of tunnels, resulting in loss of lives and incurring high costs, to drive the growth of the tunnel monitoring system market”

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 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 are driving the growth of the tunnel monitoring system market. However, factors such as high installation and monitoring costs, and management, processing, and analysis of large volume of data are restraining the growth of the tunnel monitoring system market.

“Hardware held a major share of the tunnel monitoring system market in 2017”

Tunnel monitoring system market can be segmented on the basis of offering into hardware, and software and services. 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. The data are then transmitted to the software for further analysis. Hardware used in tunnel monitoring systems includes various types of sensors, such as piezoelectric, piezoresistive, optical fiber, corrosion, temperature, and pressure sensors.

“Railway tunnels held the largest share of the tunnel monitoring system market in 2017”

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, 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.

“Market for wireless networking technology-based tunnel monitoring systems to grow at a higher rate between 2018 and 2023”

The market for wireless networking technology-based tunnel monitoring systems is expected to grow at a high rate between 2018 and 2023 due to the flexibility offered by this technology. It is expected that the use of wireless technology-based tunnel monitoring systems would grow in the future owing to the increasing adoption of supporting technologies such Internet of Things. The sensors used in wireless tunnel monitoring systems are organized by wireless transmission. This makes the updating, adding, moving, and replacing of sensors easy after the initial installation. However, wired networking technology-based tunnel monitoring systems are costlier than wireless networking technology-based tunnel monitoring systems.

“Tunnel monitoring system market in APAC to grow at the highest rate between 2018 and 2023”

The highest growth of the market in APAC can be attributed to the factors such as increased population and rapid urbanization, which 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. APAC has started focusing on the benefits of tunnel monitoring systems, and countries such as China, Japan, Singapore, India, and South Korea are increasingly implementing tunnel monitoring systems to ensure the safety of their existing and new tunnel structures.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key experts. The breakup of the profiles of primary participants is as follows:
  • By Company Type: Tier 1–20 %, Tier 2–45%, and Tier 3–35%
  • By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
  • By Geography: Americas – 45%, Europe – 25%, APAC – 20%, and RoW – 10%
Companies that provide a range of customized solutions to customers are expected to emerge as the game changers.

This report profiles the major tunnel monitoring system manufacturers and solution providers operating in the market. The companies profiled in this report include:

1. Nova Metrix (US)
2. SISGEO (Italy)
3. SIXENSE Soldata (France)
4. James Fisher (UK)
5. Geokon (US)
6. COWI (Denmark)
7. Ramboll (Denmark)
8. RST Instruments (Canada)
9. Geocomp (US)
10. Fugro (Netherlands)

Research Coverage

This report covers the tunnel monitoring system market on the basis of offering, tunnel type, networking technology, and region. A detailed analysis of the key industry players has been done to provide insights into their businesses, products and services, and key strategies such as product launches and developments pertaining to tunnel monitoring systems.

Key Benefits of Buying the Report

The report would help the market leaders or new entrants in the following ways:

1. This report segments the overall market comprehensively and provides the closest approximations of the overall tunnel monitoring system market size and that of the subsegments across various regions.
2. The report would help stakeholders understand the pulse of the market and provide them information on key drivers, restraints, challenges, and opportunities pertaining to the tunnel monitoring system market.
3. This report would help stakeholders better understand their competitors and gain more insights to enhance their position in the market. The competitive landscape section studies competitor ecosystem and product developments in the tunnel monitoring system market.
1 INTRODUCTION

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

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

4 PREMIUM INSIGHTS

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

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

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

7.1 INTRODUCTION
7.2 HIGHWAY TUNNELS
7.3 RAILWAY TUNNELS
7.4 OTHER TUNNELS

8 TUNNEL MONITORING SYSTEM MARKET, BY NETWORKING TECHNOLOGY

8.1 INTRODUCTION
8.2 WIRED
8.3 WIRELESS

9 TUNNEL MONITORING SYSTEM MARKET, BY GEOGRAPHY

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

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

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

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

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

According to the new market research report "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", 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 growth of the tunnel monitoring system market can be attributed to the 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.

The major players in the tunnel monitoring system market include:

  • Nova Metrix (US)
  • SISGEO (Italy)
  • James Fisher (UK)
  • GEOKON (US)
  • COWI (Denmark)
  • Ramboll (Denmark)
  • Fugro (Netherlands)

The market for software and services to grow at a higher CAGR between 2018 and 2023

The tunnel monitoring system market, on the basis of offering, has been segmented into hardware, and software and services. The market for software and services is expected to grow at a higher rate between 2018 and 2023. The growth of this market can be attributed to the predictive analysis provided by software and the increasing demand for maintenance services for infrastructure. Services are integral part of tunnel monitoring systems. Services pertaining to tunnel monitoring include design and installation, real-time monitoring, data analysis and reporting, and preventative maintenance and repair services.

The market for railway tunnels to grow at the highest CAGR between 2018 and 2023

The highest growth rate of the market for railway tunnels can be attributed to the growing railway tunnel infrastructure worldwide, which would increase the demand for tunnel monitoring systems to maintain and monitor the health of railway tunnels. Some of the critical tunnel projects are concentrated in the Americas, the Middle East, and Europe. For instance, the 57km (35-mile) twin-bore Gotthard base tunnel will provide a high-speed rail link under the Swiss Alps between northern and southern Europe. It is the worlds longest and deepest rail tunnel.

Wired networking technology to hold a major share of the tunnel monitoring system market in 2017

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.

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 the 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. The road and rail projects in the EU-15 countries in 2015 had an estimated value of USD 1.43 trillion; of which, tunnels and bridges accounted for USD 226 billion, and trams and metros accounted for USD 95.6 billion. Due to these factors, Europe held a major share of the tunnel monitoring system market in 2017.



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