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What are Reasons behind Growth of Tunnel Automation Market?
The global tunnel automation market reached a value of $3.5 billion in 2020, and it is expected to advance rapidly from 2021 to 2030 (forecast period). The major factors driving the expansion of the market are the enactment of stringent government regulations, surging requirement for improved road safety and security solutions, owing to the rising incidence of road accidents.
The increasing adoption of tunnel automation systems equipped with advanced technologies, such as the internet of things (IoT) and cloud storage, and the soaring number of tunnel construction projects across the world are also major factors that are steering the growth of the market. According to the World Health Organization (WHO), around 1.3 million people lose their lives every year because of road accidents.
Furthermore, the organization reported that road accidents are primarily responsible for the deaths of children and young individuals aged 5–29 years. With road safety becoming a major area of concern, the governments of many countries are making huge investments in advanced technologies, such as tunnel automation, in order to improve surveillance, security, air conditioning, lighting, and ventilation in tunnels.
Besides the aforementioned factor, the increasing incorporation of cloud- and internet of things (IoT)-based automation solutions in tunnels is also driving the expansion of the tunnel automation market. Owing to their ability to provide an edge over conventional manual management methods, tunnel automation systems are being increasingly incorporated with technologies, such as cloud computing, data analytics, and the internet of things (IoT).
Besides the aforementioned factor, the increasing incorporation of cloud- and internet of things (IoT)-based automation solutions in tunnels is also driving the expansion of the tunnel automation market. Owing to their ability to provide an edge over conventional manual management methods, tunnel automation systems are being increasingly incorporated with technologies, such as cloud computing, data analytics, and the internet of things (IoT).
These technologies enable the sharing of data between communication systems and various other devices, such as sensors, lighting systems, and thermostats. Hence, the market will exhibit rapid expansion in the coming years, owing to the rising prevalence of road accidents and increasing tunnel construction activities all over the world.
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