Global Tunnel Automation Market to Reach $7.6 Billion by 2030
The global market for Tunnel Automation estimated at US$4.8 Billion in the year 2022, is projected to reach a revised size of US$7.6 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$3.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 5.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 10.9% CAGR
The Tunnel Automation market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.Select Competitors (Total 36 Featured) -
- ABB
- Advantech Co. Ltd.
- Agidens International NV
- Eaton Corporation
- Honeywell International Inc.
- Johnson Controls International plc
- Kapsch AG
- Koninklijke Philips N.V.
- SICK AG
- Siemens AG
- SWARCO AG
- Trane Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB
- Advantech Co. Ltd.
- Agidens International NV
- Eaton Corporation
- Honeywell International Inc.
- Johnson Controls International plc
- Kapsch AG
- Koninklijke Philips N.V.
- SICK AG
- Siemens AG
- SWARCO AG
- Trane Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 92 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 4.8 Billion |
Forecasted Market Value ( USD | $ 7.6 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |