Global Tunnel Monitoring System Industry

Global Tunnel Monitoring System Industry

  • September 2020 •
  • 170 pages •
  • Report ID: 5799842 •
  • Format: PDF
Global Tunnel Monitoring System Market to Reach $938.9 Million by 2027

Amid the COVID-19 crisis, the global market for Tunnel Monitoring System estimated at US$380.6 Million in the year 2020, is projected to reach a revised size of US$938.9 Million by 2027, growing at aCAGR of 13.8% over the period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record 14.7% CAGR and reach US$733.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Services segment is readjusted to a revised 11% CAGR for the next 7-year period.

The U.S. Market is Estimated at $112.5 Million, While China is Forecast to Grow at 13.2% CAGR

The Tunnel Monitoring System market in the U.S. is estimated at US$112.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$163 Million by the year 2027 trailing a CAGR of 13.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.1% and 11.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.We bring years of research experience to this 8th edition of our report. The 170-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Cowi A/S
  • Fugro N.V.
  • Geocomp Corp.
  • Geokon Inc.
  • James Fisher and Sons PLC
  • Ramboll Group A/S
  • Rst Instruments Ltd.
  • Sisgeo S.r.l.
  • Sixense Soldata