Global Tunnel Sensors Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 7% during forecast period.Global Tunnel Sensors MarketTo know about the Research Methodology :- Request Free Sample ReportThe report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.Global Tunnel Sensors Market DefinitionTunnel sensors are the electronics devices which are designed and manufactured to control and monitor rail or road tunnel atmosphere.
Tunnel sensors are capable of identifying gas hazards, monitoring tunnel health, monitoring atmospheric humidity and temperature and much more.Global Tunnel Sensors Market DynamicsGrowing urbanization and industrialization in developing economies along with upgradation in tunnel infrastructure is major driving factor behind the growth of market.
Increasing incidents of road accidents results into the rising demand for better security and addition of analytics in tunnel management are further propelling the growth of market.However, lack of awareness and lack of technically skilled professionals to install and monitor tunnel sensors are major restraining factors that could hamper the growth of market.Impact of COVID-19 Pandemic on Tunnel Sensor marketDespite the positive growth outlook, the ongoing COVID-19 pandemic is expected to affect the global economy, which is hampering the global revenues and business activities.
According to the most recent report from WHO, the US, Brazil, Russia, Spain, the UK, Italy, France, Germany, Turkey, India, Iran, Canada and China are among the most-affected countries owing to COVID-19 outbreak.
The factory shutdowns, business lockdowns, global travel bans, trade bans, border lockdowns, event cancellations, and supply chain disruptions in various economies have affected the manufacturing, sales and supply of several electronic components which are necessary for designing the tunnel sensors, which will ultimately hamper the growth of the global tunnel sensor market in 2020.Global Tunnel Sensors Market: Segmentation AnalysisBy solution, visibility monitoring and air quality monitoring segments dominated the market n 2019 and are projected to witness fast growth at CAGR of XX% during forecast period.
Air quality monitoring and visibility monitoring sensors in tunnels are very important factor in ensuring road safety, which further results into the growth of market.Global Tunnel Sensors Market: Regional AnalysisRegion wise, Asia pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period.