Asia Pacific Tunnel Sensor Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Solution (Visibility Monitoring, Air Flow Monitoring, Air Quality Monitoring, Filter Monitoring, Fire Monitoring, and Others), Services (Installation Services, Maintenance Services, and Consulting Services), Connectivity (Wired, Wireless), and Application (Road Tunnels, Rail Tunnels, and Others)

Market Introduction

Tunnel sensors play a crucial role in any tunnel safety system by sensing and monitoring various important parameters such as ventilation, air quality, visibility, and lighting. The spending on new transport infrastructure in developing countries and upgradation of existing infrastructure in developed regions is projected to drive the demand for tunnel sensors in the coming years. Hence, rising population in developing countries, increasing investments in new infrastructure development in developing nations, infrastructure upgrading activities in developed countries, development of smart cities, and rising trend of tunnel automation are some of the key factors which are expected to offer ample growth opportunities to market players operating in APAC tunnel sensor market.

Market Overview and Dynamics

In terms of revenue, the APAC tunnel sensor market was valued at US$ 901.9 million in 2019 and is expected to grow at a CAGR of 7.1% during the forecast period to reach US$ 1,538.9 million by 2027. The COVID-19 outbreak is anticipated to affect the growth rate of APAC tunnel sensor market in the year 2020 and 2021 and thus there is sharp decline in y-o-y growth during these years. However, the growth is expected to normalize from 2021 onwards and the market is projected to grow at a steady pace. Despite some limitations, the growing investments in infrastructure development across countries and rising technology integration in tunnel sensors for enhanced capabilities are the factors that will fuel the future growth of this market over the forecast period.

Key Market Segments

The market for tunnel sensor is segmented into solution, services, connectivity, application, and country. In terms of solution type, the air quality monitoring segment held the largest share of the APAC tunnel sensor market in 2019. In terms of services type, the installation services segment contributed the largest share to the market in 2019. By connectivity type and application, wired and road tunnels were the largest segments respectively.

Major Sources and Companies Listed

A few major primary and secondary sources referred while preparing this report on the tunnel sensor market in APAC are company websites, annual reports, financial reports, national government documents, statistical database, and among others. CODEL International Ltd, DURAG GROUP, Advance Technologies Asia Sdn. Bhd., ACOEM, Control Equipment Pty Ltd., Trolex Ltd, Safibra, s.r.o., and SICK AG are some of the major companies listed in the report.

Reasons to buy report

• To understand the APAC tunnel sensor market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC tunnel sensor market
• Efficiently plan M&A and partnership deals in APAC tunnel sensor market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC tunnel sensor market
• Obtain market revenue forecast for market by various segments from 2020 to 2027 in APAC region

The report segments the APAC tunnel sensor market as follows:

APAC Tunnel Sensor Market – By Solution

• Visibility Monitoring
• Air Flow Monitoring
• Air Quality Monitoring
• Filter Monitoring
• Fire Monitoring
• Others

APAC Tunnel Sensor Market – By Services

• Installation Services
• Maintenance Services
• Consulting Services

APAC Tunnel Sensor Market – By Connectivity

• Wired
• Wireless

APAC Tunnel Sensor Market – By Application

• Road Tunnels
• Rail Tunnels
• Others

APAC Tunnel Sensor Market – By Country

• China
• India
• Australia
• Japan
• South Korea
• Rest of APAC

APAC Tunnel Sensor Market -Companies Mentioned

• CODEL International Ltd.
• DURAG GROUP
• Advance Technologies Asia Sdn. Bhd.
• ACOEM
• Control Equipment Pty Ltd.
• Trolex Ltd.
• Safibra, s.r.o.
• SICK AG

1. CODEL International Ltd.
2. DURAG GROUP
3. Advance Technologies Asia Sdn. Bhd.
4. ACOEM
5. Control Equipment Pty Ltd.
6. Trolex Ltd.
7. Safibra, s.r.o.
8. SICK AG

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC tunnel sensor market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the APAC tunnel sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.