Tunnel Automation Market Overview By Upcoming Challenges

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Tunnel Automation Market  Forecast (2021 -
2026)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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• Tunnel Automation Market size is forecast to
  reach 4.7 billion by 2026, growing at a CAGR
  6.5 from 2021 to 2026.
• Tunnels make it easier to transport people,
  vehicles and goods quickly at the expense of
  higher costs and higher risks. Optimum heating
  ventilation and air conditioning, signalization,
  lighting, emergency response, surveillance and
  more are created by tunnel automation.
• Strict government regulations, increasing
  incidents of road accidents that lead to high
  demand for increased security and increasing
  integration of cloud computing technology and IoT
  into tunnel automation solutions are the key
  factors driving the adoption of tunnel
  automation.

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• Key Takeaways
• Strict government regulations, increasing
  incidents of road accidents that lead to high
  demand for increased security, and increasing
  integration of cloud and IoT into tunnel
  automation solutions are the key factors driving
  the adoption of tunnel automation.
• Due to the rise in tunnel buildings across the
  globe, the market is seeing demand for tunnel
  automated components.
• There has been an increase in the use of highways
  and railways due to factors such as population
  growth and rapid urbanization. This has
  contributed to APAC's increasing demand for
  solutions for tunnel automation.

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By Type - Segment Analysis Highways Roadways
is projected to grow during the forecast period
at the highest CAGR of 8.0 through 2026. The
adoption of automated equipment in the tunnels
has been propelled by the increasing number of
road tunnel accidents. Since 2000, the average
prevalence of tunnel fire accidents has increased
annually, with the majority of occurrences
occurring in the summer and winter seasons and
the least occurring in the autumn season. Due to
the rise in tunnel buildings across the globe,
the market is seeing demand for tunnel automated
components.
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• Tunnel Automation Market- Competitive Landscape 
• Siemens
• Johnson Controls
• ABB
• Sick
• Honeywell
• Atlas Copco UK Holdings

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