Tunnel Monitoring System Market Scope
The tunnel monitoring system consists of hardware and software that is used to monitor the health of the tunnel such as the presence of gases, particulates, dust, or to monitor the temperature of the tunnel to avoid hazardous situations. These systems have a high demand in the construction industry such as highways and transportations, also in the government sector. Government organizations are seeking such a system to maintain the safety of the overall tunnel. Growing demand for underwater tunnel monitoring and high research and developments in this field are driving the demand for tunnel monitoring systems.
According to AMA, the Global Tunnel Monitoring System market is expected to see growth rate of 13.5% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Tunnel Monitoring System market throughout the predicted period.
Nova Metrix (United States), Sisgeo (Italy), Sixense Soldata (France), James Fisher (United Kingdom), Geokon (United States), Cowi (Denmark), Ramboll (Denmark), RST Instruments (Canada), Geocomp (United States) and Fugro (Netherland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Trolex (United Kingdom), Keller Group plc. (United Kingdom), HBM (Germany), Geomotion (Australia), VMT (Germany), GeoSIG Ltd. (Switzerland), Set Point Technologies (Greece), NBG Systems (Austria), Autostrade (Italy), Sodis Lab (Russia), Infibra (Italy) and Monitoring Solutions (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Tunnel Monitoring System market , by Application (Gas Monitoring, Temperature, Humidity and Others) and Region with country level break-up.
On the basis of geography, the market of Tunnel Monitoring System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On December 19, 2019, Nova Measurements LLC has announced the acquisition of Controls S.p.A., the global leader in the design, manufacture, and supply of laboratory and on-site precision testing equipment for the construction and civil engineering industries.
Market Trend
- Highly Flexible, Rapidly Deployable, Real-Time Environmental Tunnel Monitoring Systems
- Tunnel Monitoring with Optical Sensor Technology, based on Fiber Bragg Technology
Market Drivers
- Increasing Need for Safety during Construction Work to Avoid Hazards
- Increasing Investments by Various Countries in Tunnel Infrastructure
- Strict Government Regulations Pertaining to Tunnel Safety
Opportunities
- Increasing Infrastructure Development in Emerging Countries owing to Urbanization
- Advancements in Sensors and Wireless Sensor Network
Restraints
- High Installation and Monitoring Costs
- Management, Processing, and Analysis of Large Volume of Data
Challenges
- Requirement of Skilled Staff for Installation and Calibration
- Technical Challenges and Operational Factors
Key Target Audience
Tunnel Monitoring System Manufacturers, Components Suppliers, Software Developers, Government & Research Organization, Distributors/Traders/Suppliers/Exporters/Importers, End-Use Industries and Others