[164 Pages Report] The overall tunnel automation market was valued at USD 2.68 billion in 2017 and is likely to reach USD 4.27 trillion by 2023, at a CAGR of 8.12% from 2018 to 2023.The growth of this market is driven by factors Such as rising incidents of road accidents, tightening government regulations for the deployment of tunnel automation solutions, and growing integration of IoT. However, the lack of technically skilled labors for the installation and monitoring of tunnel automation solutions restrains the growth of tunnel automation market. The base year for the study is 2017, and the forecast has been provided for the period from 2018 to 2023.​​​​​​​​​​​​​​

Tunnel automation solutions included in a broad set of technologies that enable the monitoring and management of tunnel environments in extreme conditions by providing a continuous stream of information. Increasing incidents of fatal accidents in tunnels is a growing concern for several governments and tunnel management authorities worldwide; they are focusing on tunnel automation as a solution to avoid accidents inside tunnels. Different components of tunnel automation include HVAC, lighting & power supply, signaling systems (traffic control, public announcement, and alarm systems), and other components (fire detection, traffic management, central control and monitoring, video surveillance, incident detection, communication, and gas detection systems).

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The tunnel automation market has been segmented, on the basis of tunnel type, component, offering, and region. Other components are expected to account for the largest share of the tunnel automation market during the forecast period. The growth of the market for others, including fire detection, traffic management, central control and monitoring, video surveillance, incident detection, communication, and gas detection systems, in tunnels for providing safety highway, roadway, railway, and subway tunnels.

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Johnson Controls (Ireland), Siemens (Germany), Trane (Ireland), SICK AG (Germany), ABB Group (Switzerland), Kapsch (Austria), Philips Lighting (Netherlands), Honeywell (US), Eaton (Ireland), and Swarco (Austria) are the major players in the market are increasingly Who Involved in Following strategies Such as partnerships, contracts, and expansions to Develop and Introduce new technologies and products in the market. ​​​​​​​

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