Tunnel Automation Trends and Forecast
The future of the global tunnel automation market looks promising with opportunities in the railway tunnel and highway & roadway tunnel markets. The global tunnel automation market is expected to reach an estimated $6.8 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are rising incidents of road accidents, growing integration of internet of things (IoT) and cloud with tunnel automation solutions, as well as, increasing number of tunnel construction projects, and integration of analytics in tunnel management.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Tunnel Automation by Segment
The study includes a forecast for the global tunnel automation by offering, tunnel type, component, and region.
Tunnel Automation Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
Tunnel Automation Market by Tunnel Type [Shipment Analysis by Value from 2018 to 2030]:
• Railway Tunnels
• Highway & Roadway Tunnels
Tunnel Automation Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• HVAC
• Lighting & Power Supply
• Signalization
Tunnel Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Tunnel Automation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies tunnel automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tunnel automation companies profiled in this report include-
• Siemens
• Johnson Controls International
• ABB
• SICK AG
• Honeywell International
• Philips Lighting
• Trane
• Swarco
• Eaton
• Kapsch
Tunnel Automation Market Insights
Lucintel forecasts that service will remain the largest segment over the forecast period due to frequent requirement for installation (installation of HVAC, electrical and lighting, firefighting, and other systems), design and engineering, project management and execution, life cycle, and maintenance services.
Within this market, railway tunnels will remain the largest segment due to increasing construction of subway and railway tunnels and rising incidents of accidents in railway tunnels have prompted several railway network authorities to automate their railway tunnel systems to minimize manual management of tunnels.
Europe will remain the largest region over the forecast period due to well-established manufacturing industry, increasing demand for public transport in most cities, and presence of several mountain ranges in the region.
Features of the Global Tunnel Automation Market
Market Size Estimates: Tunnel automation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Tunnel automation market size by offering, tunnel type, component, and region in terms of value ($B).
Regional Analysis: Tunnel automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, tunnel type, component, and regions for the tunnel automation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the tunnel automation market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the tunnel automation market size?
Answer: The global tunnel automation market is expected to reach an estimated $6.8 billion by 2030.
Q2. What is the growth forecast for tunnel automation market?
Answer: The global tunnel automation market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the tunnel automation market?
Answer: The major drivers for this market are rising incidents of road accidents, growing integration of internet of things (IoT) and cloud with tunnel automation solutions, as well as, increasing number of tunnel construction projects, and integration of analytics in tunnel management.
Q4. What are the major segments for tunnel automation market?
Answer: The future of the global tunnel automation market looks promising with opportunities in the railway tunnel and highway & roadway tunnel markets.
Q5. Who are the key tunnel automation market companies?
Answer: Some of the key tunnel automation companies are as follows:
• Siemens
• Johnson Controls International
• ABB
• SICK AG
• Honeywell International
• Philips Lighting
• Trane
• Swarco
• Eaton
• Kapsch
Q6. Which tunnel automation market segment will be the largest in future?
Answer: Lucintel forecasts that service will remain the largest segment over the forecast period due to frequent requirement for installation (installation of HVAC, electrical and lighting, firefighting, and other systems), design and engineering, project management and execution, life cycle, and maintenance services.
Q7. In tunnel automation market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to well-established manufacturing industry, increasing demand for public transport in most cities, and presence of several mountain ranges in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the tunnel automation market by offering (hardware, software, and services), tunnel type (railway tunnels and highway & roadway tunnels), component (HVAC, lighting & power supply, and signalization), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Tunnel Automation Market, Tunnel Automation Market Size, Tunnel Automation Market Growth, Tunnel Automation Market Analysis, Tunnel Automation Market Report, Tunnel Automation Market Share, Tunnel Automation Market Trends, Tunnel Automation Market Forecast, Tunnel Automation Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.