Tunnel Automation Market to Grow by $ 1.67 Billion through 2021-2025
ABB Ltd., Advantech Co. Ltd., Agidens International NV, Eaton Corp. Plc, Honeywell International Inc. are among the key vendors discussed in the market research
Increasing focus on tunnel safety is one of the key factors likely to drive market growth. Tunnels are an indispensable part of road and rail infrastructure. Poorly managed tunnels can often lead to severe traffic congestion. Therefore, tunnel infrastructure requires extensive automation to ensure maximum safety and availability of tunnel systems for vehicles and travelers. Integration of IoT and cloud with tunnel automation solutions is another factor contributing to tunnel automation market growth. The Global Tunnel automation market is expected to grow by $ 1.67 billion, accelerating at a CAGR of 7.95% till 2025.
This research report analyses all the growth drivers that are likely to boost market growth along with market trends. The report also assesses the market segments and regional segments to provide a comprehensive analysis of the market in focus. The purpose of this research report is to create a 360-degree view of the market for our clients. The key takeaways from this report will equip our client with clear insights to strategize future growth plans.
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Tunnel Automation Market: Segments and Geographical Regions
- This report segments the market Type (Railway tunnel, High tunnel, and Other tunnels) and Geography (Europe, North America, APAC, MEA, and South America).
- 33% of the market growth will originate from Europe during the forecast period.
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Tunnel Automation Market: Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- ABB Ltd., Advantech Co. Ltd., Agidens International NV, Eaton Corp. Plc, Honeywell International Inc., Indra Sistemas SA, INTIS doo, Johnson Controls International Plc, SICK AG, and Siemens AG are some of the major market participants.
Market Segmentation by Type
- Tunnel Automation Market Split by Type
- Railway tunnel
- High tunnel
- Other tunnels
- Tunnel Automation Market Split by Geography
- North America
- South America
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Vendor landscape
- Landscape disruption
- ABB Ltd.
- Advantech Co. Ltd.
- Agidens International NV
- Eaton Corp. Plc
- Honeywell International Inc.
- Indra Sistemas SA
- INTIS doo
- Johnson Controls International Plc
- SICK AG
- Siemens AG
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 7.95%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.67 bn through 2021-2025.
- What is a key factor driving this market?
Increasing focus on tunnel safety will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Europe, North America, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
33% growth will originate from Europe
- Who are the leading market vendors?
The leading vendors in this market are ABB Ltd., Advantech Co. Ltd., Agidens International NV, Eaton Corp. Plc, Honeywell International Inc., Indra Sistemas SA, INTIS doo, Johnson Controls International Plc, SICK AG, and Siemens AG
- What are the market segments covered in this report?
The market is segmented by Type (Railway tunnel, High tunnel, and Other tunnels) and Geography (Europe, North America, APAC, MEA, and South America)