$4.2 Billion Tunnel Automation Market - Global Forecast to 2023
DUBLIN, Oct. 2, 2018 /PRNewswire/ --
The "Tunnel Automation Market by Component (HVAC, Lighting & Power Supply, Signalization), Offering (Hardware, Software, and Services), Tunnel Type (Railway Tunnels and Highway and Roadway Tunnels), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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The overall tunnel automation market is expected to grow from USD 2.89 billion in 2018 to USD 4.27 billion by 2023, at a CAGR of 8.12%.
Rising incidents of road accidents, tightening government regulations for the deployment of tunnel automation solutions, and growing integration of IoT and cloud into tunnel automation solutions are the key factors driving the growth of this market.
Tunnel automation solutions comprise a broad set of technologies that enable the monitoring and management of tunnel environments in extremely harsh conditions by providing a continuous stream of information. Increasing incidents of fatal accidents in tunnels is a growing concern for several governments and tunnel management authorities worldwide; they are focusing on adopting tunnel automation as a solution to avoid accidents inside tunnels. Different components of tunnel automation include HVAC, lighting & power supply, signalization systems (traffic control, public announcement, and alarm systems), and other components (fire detection, traffic management, central control and monitoring, video surveillance, incident detection, communication, and gas detection systems).
The tunnel automation market has been segmented, on the basis of tunnel type, component, offering, and region. Other components are expected to account for the largest share of the tunnel automation market during the forecast period. The growth of the market for others component can be attributed to the high requirement for these components, including fire detection, traffic management, central control and monitoring, video surveillance, incident detection, communication, and gas detection systems, in tunnels for providing safety and security to all passengers traveling through and operators working in highway, roadway, railway, and subway tunnels.
Europe is likely to account for the largest share of the tunnel automation market during the forecast period. The growth of the market in Europe can be attributed to the presence of well-established manufacturing industries, increased demand for public transport in most cities, and presence of several mountain ranges in the region.
Tunnel Automation Market
The lack of technically skilled labors for the installation and monitoring of tunnel automation solutions pose major challenges for the players in the tunnel automation market. Key players in the market include Johnson Controls (Ireland), Siemens (Germany), Trane (Ireland), SICK AG (Germany), ABB Group (Switzerland), Kapsch (Austria), Philips Lighting (Netherlands), Honeywell (US), Eaton (Ireland), and Swarco (Austria). These players are increasingly undertaking strategies such as partnerships, contracts, and expansions to develop and introduce new technologies and products in the market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Tunnel Automation Market
4.2 Tunnel Automation Market in Europe, By Country and Component
4.3 Tunnel Automation Market, By Offering
4.4 Tunnel Automation Market, By Tunnel Type
4.5 Tunnel Automation Market, By Component
4.6 Tunnel Automation Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Incidents of Road Accidents Leading to Increasing Demand for Enhanced Security
5.2.1.2 Government Regulations Favoring Adoption of Tunnel Automation Solutions
5.2.1.3 Growing Integration of IoT and Cloud With Tunnel Automation Solutions
5.2.2 Restraints
5.2.2.1 High Deployment Costs of Tunnel Automation Solutions
5.2.3 Opportunities
5.2.3.1 Increasing Number of Tunnel Construction Projects
5.2.3.2 Integration of Analytics in Tunnel Management
5.2.4 Challenges
5.2.4.1 Lack of Technically Skilled Labors to Install and Monitor Tunnel Automation Solutions
5.3 Value Chain Analysis
6 Tunnel Automation Market, By Offering
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Services
7 Tunnel Automation Market, By Tunnel Type
7.1 Introduction
7.2 Railways
7.2.1 Subway Stations and Tunnels
7.2.2 Railway Stations and Tunnels
7.3 Highway and Roadway Tunnels
8 Tunnel Automation Market, By Component
8.1 Introduction
8.2 HVAC
8.3 Lighting & Power Supply
8.3.1 Tunnel Lighting
8.3.2 Power Supply
8.4 Signalization
8.4.1 Traffic Control Systems
8.4.2 Public Announcement and Alarm Systems
8.5 Others
8.5.1 Fire Detection Systems
8.5.2 Traffic Management Systems
8.5.3 Central Control and Monitoring Systems
8.5.4 Video Surveillance Systems
8.5.5 Incident Detection Systems
8.5.6 Communication Systems
8.5.7 Gas Detection Systems
9 Geographic Analysis
10 Competitive Landscape
10.1 Introduction
10.2 Ranking Analysis of Tunnel Automation Market Players
10.3 Competitive Scenario
10.3.1 Expansions
10.3.2 Product Launches and Developments
10.3.3 Acquisitions
10.3.4 Partnerships, Collaborations, Contracts, and Joint Ventures
11 Company Profiles
11.1 Key Players
11.1.1 Siemens
11.1.2 Johnson Controls
11.1.3 ABB Group
11.1.4 Sick Ag
11.1.5 Honeywell
11.1.6 Philips Lighting
11.1.7 Trane
11.1.8 Swarco
11.1.9 Eaton
11.1.10 Kapsch
11.2 Other Companies
11.2.1 Psi Incontrol
11.2.2 Agidens
11.2.3 Sice
11.2.4 Indra
11.2.5 Osram
11.2.6 Advantech
11.2.7 Codel International
11.2.8 General Electric
11.2.9 Phoenix Contact
11.2.10 Delta Electronics
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