DUBLIN--(BUSINESS WIRE)--The "Tunnel Monitoring System Market by Offering (Hardware, and Software & Services), Tunnel Type (Highway, Railway), Networking Technologies (Wired and Wireless), and Region (Americas, Europe, Asia Pacific) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Catastrophic failures of tunnels, resulting in loss of lives and incurring high costs, to drive the growth of the tunnel monitoring system market
The tunnel monitoring system market is expected to grow from USD 340.7 million in 2018 to USD 663.8 million by 2023, at a CAGR of 14.27% between 2018 and 2023.
The increasing investments in tunnel infrastructure across countries worldwide, catastrophic failure of tunnels resulting in loss of lives and incurring high costs, decreasing cost of sensors resulting in reduced cost of tunnel monitoring systems, and strict regulations pertaining to tunnel safety are driving the growth of the tunnel monitoring system market.
However, factors such as high installation and monitoring costs, and management, processing, and analysis of large volume of data are restraining the growth of the tunnel monitoring system market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Tunnel Monitoring System Market, By Offering
7 Tunnel Monitoring System Market, By Tunnel Type
8 Tunnel Monitoring System Market, By Networking Technology
9 Tunnel Monitoring System Market, By Geography
10 Competitive Landscape
11 Company Profiles
- Nova Metrix
- Sixense Soldata
- James Fisher
- RST Instruments
- Keller Group
- Geomotion Singapore
- Set Point Technologies
- NBG Systems
- Autostrade Tech
- Sodis Lab
- Infibra Technologies
For more information about this report visit https://www.researchandmarkets.com/research/6nn5xk/tunnel_monitoring?w=4