Wireless Tunnel Monitoring System Market Scope
Wireless Tunnel Monitoring System consists of various devices which are used to analyze, and monitor the environment of the tunnel in dangerous and risky conditions in real-time. It allows the monitoring which includes tunnel health, atmospheric humidity and temperature, identifying the toxic gas, and others. It measures the tunnel condition when the vehicle is at normal traffic condition. It is applicable in railway stations and highways. This system consists of an array of extensometers connected to a central monitoring system.
According to AMA, the Global Wireless Tunnel Monitoring System market is expected to see growth rate of 14.27% and currently pegged at USD340.7 Million.Companies in the market are concentrating on tunnel monitoring systems. In the Asia Pacific, increased population and rapid urbanization, which increase the use of highways and railways. Governments in APAC are investing in infrastructural developments such as highways and railways. Increased in the construction of tunnels in China, Japan, and India. Research Analyst at AMA estimates that Europe Players will contribute to the maximum growth of Global Wireless Tunnel Monitoring System market throughout the predicted period.
Nova Metrix (United States), Sisgeo (Europe), Sixense Soldata (Europe), James Fisher (Europe), Geokon (United States), Ramboll (Europe), RST Instruments (Canada), Fugro (Netherlands), Tunnel Sensors Ltd. (Europe) and Monitoring Solutions (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Worldsensing (United States), Herrenknecht AG (Germany), Nova Ventures (India) and Autostrade Tech S.p.A. (Europe).
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 Wireless Tunnel Monitoring System market and Region with country level break-up.
On the basis of geography, the market of Wireless 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).
May 26, 2021: Worldsensing announced the partnership with Sisgeo. This partnership allows to include wireless systems into the product portfolio and propose a wider range of data logging possibilities. Also expanded possible solutions for the monitoring systems.
Market Trend
- Growing railway tunnel infrastructure increase the demand of the market
Market Drivers
- Increasing investment for the development of tunnel infrastructure
- Stringent government regulations regarding tunnel safety
Opportunities
- Development of higher-efficiency EV batteries and vehicles
- Increased government support and subsidiaries
- Generate greater efficiency through digitizing their operations
Restraints
- Difficulties related to monitoring and processing
- High installation and monitoring cost
Challenges
- Helping operators to tackle the safety challenge
- Reduction in the cost of sensors
Key Target Audience
Electrical Manufacturing, Monitoring System, Tunnel Sensors and Manufacturing Industries