Parent Market Analysis
Technavio categorizes the global tunnel automation market as a part of the global information technology spending market within the global industrial market.
Technavio uses the total revenue generated by manufacturers to estimate the global tunnel automation market size. External factors influencing the parent market's growth potential in the coming years have been thoroughly investigated in our research analysis, to know more about the levels of growth of the tunnel automation market throughout the forecast period, Download a free sample.
Tunnel Automation Market Value Chain Analysis
To maximize profit margins and evaluate business plans, an end-to-end understanding of tunnel automation is required. The report will help vendors drive costs and enhance customer services during the forecast period.
- Research and development
- Developers or manufacturers
- Sales and distribution
- End-users
To unlock information about vendor drive costs and customer service, download our free sample report.
Vendor Insights
The tunnel automation market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment's growth prospect while maintaining their positions in the slow-growing segments.
We provide a detailed analysis of vendors operating in the tunnel automation market, including some of the vendors such as 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.
Backed with competitive intelligence and benchmarking, our research reports on the tunnel automation market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Product Insights and News
- ABB Ltd. - Offers a wide range of tunnel automation solutions such as Automation Builder, AC500 HA, S500 with Hot Swap, and many more.
- Advantech Co. Ltd. - Offers a tunnel monitoring system that consists of several subsystems, such as lighting, ventilation, traffic guidance, CCTV, fire alarm, emergency communication, and public address systems.
- Agidens International NV. - Offers Tunnel automation that allows intersecting traffic to flow at high speeds, but involves higher risks and costs.
The tunnel automation market forecast report offers in-depth insights into key vendor profiles and offerings – Download Free Sample Report
Geographical Highlights
The tunnel automation market share growth in Europe will be significant during the forecast period. The UK and Germany are the key markets for tunnel automation market in Europe. Market growth in this region will be slower than the growth of the market in other regions.
During the forecast period, Europe is expected to be the largest tunnel automation market globally. The rise in tunnel building in central and eastern European countries, such as the United Kingdom, Germany, France, and Italy, can be ascribed to the market's growth in this region. Several significant tunnel projects are now in the development stage or are in the pipeline. Because of the large-scale adoption of automation solutions in the EU and severe laws connected to tunnel operations and administration, European countries hold a leading share of the tunnel automation industry in Europe.
Moreover, countries like the US, UK, China, Germany, and Russian Federation are the key market for the tunnel automation market in Europe, owing to the investments in the development of better inter-regional transportation networks, including railway and road transportation infrastructure in this region.
To unlock the top strategies practiced by the maximum growth generating region, View Sample Report
Key Market Dynamics-
- Tunnel Automation Key Market Drivers:
- Increasing focus on tunnel safety
Tunnels are a necessary component of both road and rail infrastructure. To provide optimal safety and availability of tunnel systems for vehicles and travelers, tunnel infrastructure requires substantial automation. Many countries, particularly wealthy countries, have legislation in place that sets minimum safety standards and procedures for tunnel operations. Some regulations require the use of various automation systems, such as regular and emergency lighting, control systems, and so on. During the projected period, demand for tunnel automation systems will be driven by the upgrading of existing tunnel infrastructure to satisfy regulatory requirements and the implementation of regulations in developing nations.
- Tunnel Automation Key Market Trends:
- Integration of IoT and cloud with tunnel automation solutions
The convergence of the Internet of Things (IoT), data analytics, and cloud computing drives intelligent automation technology innovation and gives end-users a competitive edge over automation systems. Data can be shared and transferred between independent control systems and other devices such as thermostats, sensors, and lighting fixtures thanks to the Internet of Things. However, to measure tunneling efficiency, the data collected from these connected devices and control systems must be understood. It also gives information that can be used to save energy costs and reduce traffic congestion, ultimately improving transportation efficiency. As a result, developing technologies have the potential to increase market growth over the predicted period.
Download a free sample for highlights on market Drivers & Trends affecting the tunnel automation market.
Customize Your Report
Don't miss out on the opportunity to speak to our analyst and know more insights into this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Related Reports:
Network Function Virtualization Market by End-user and Geography - Forecast and Analysis 2021-2025
Blockchain Market in Supply Chain Industry by Application and Geography - Forecast and Analysis 2022-2026
Tunnel Automation Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.95% |
Market growth 2021-2025 |
$ 1.67 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.04 |
Regional analysis |
Europe, North America, APAC, MEA, and South America |
Performing market contribution |
Europe at 33% |
Key consumer countries |
US, UK, China, Germany, and Russian Federation |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article