The global tunnel automation market is expected to post a CAGR of over 7% during the period 2019-2023, according to the latest market research report by Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181213005793/en/
Technavio has released a new market research report on the global tunnel automation market for the period 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the market is the increasing focus of the government on tunnel safety. Tunnels are an indispensable part of road and rail infrastructure. Poorly managed tunnels can often lead to severe traffic congestion. Thus, tunnel infrastructure requires extensive automation to ensure maximum safety and availability of tunnel systems for vehicles and travelers. Infrastructure is crucial, and unavailability of signaling, electricity, lighting, ventilation, communication, or climate control systems can have a significant impact on the passengers and restrict traffic movement This is one of the key factors driving greater investment in tunnel automation systems
This market research report on the global tunnel automation market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the integration of IoT and cloud with tunnel automation solutions as one of the key emerging trends in the global tunnel automation market:
Global tunnel automation market: Integration of IoT and cloud with tunnel automation solutions
Convergence of Internet of Things (IoT), data analytics, and cloud computing fuels innovations in the intelligent automation technologies and enables end-users with a competitive advantage over conventional management/automation system. In recent years, big data has emerged as a database-driven business decision-making tool that can derive meaningful patterns out of unstructured data.
"loT enables data sharing and transfer between standalone control systems and other devices such as thermostats, sensors, and lighting fixtures. However, the data received from these connected devices and control systems must be interpreted to analyze the tunnel efficiency. In this regard, big data empowers end-users in regulating, optimizing, and improving tunnel operations using cloud and loT technologies. It provides insights that help reduce energy expenses and minimize congestion, thereby enhancing transportation efficiency," says a senior analyst at Technavio for research on automation.
Global tunnel automation market: Segmentation analysis
This market research report segments the global tunnel automation market by type (railway tunnel and highway tunnel) and geographical regions (APAC, EMEA, and the Americas).
The railway tunnel segment held the largest market share in 2018, accounting for over 49% of the market. This type segment is expected to dominate the global market throughout the forecast period.
EMEA led the market in 2018 with a market share of nearly 40%. This region is expected to dominate the market through 2023, however, there will be a decrease in its market share by over 1%.
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 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.
If you are interested in more information, please contact our media team at media@technavio.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005793/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com