Tunnel Monitoring System Market – Likely to Expand at a High CAGR During the Forecast Period

A tunnel is an underground passage through beneath a city, a mountain and under a waterway. It is one of the most complexly engineered constructions in the world due to the enormous risk involved. Thus, tunnel monitoring system (TMS) is a type of device which is fixed to the tunnel wall, to monitor deformation of wall.

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Tunnel monitoring system (TMS) is a growing field of research that is attracting growing interest from various government organization in order to maintain the safety of the overall tunnel. Moreover, there are different types of techniques and parameters or approaches that are used in tunnel monitoring system. Across the globe, growing field of research and development in subsea monitoring systems is one of the major factors driving the growth of the tunnel monitoring system market.

The global tunnel monitoring system market has been classified on the basis of components, technology, tunnel type, application and geography. Based on components, the tunnel monitoring component market has been segregated into hardware, software and service. In 2017, hardware segment held major share of the market.

In addition, hardware segment is likely to expand at a high CAGR during the forecast period. This is mainly due to hardware is one of the most important component of a tunnel monitoring system and is used for measuring the various physical aspects.

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On the basis of technology, the tunnel monitoring system market has been segmented into two wired and wireless. In terms of revenue, wireless segment held the largest share in the global tunnel monitoring systems market in 2017. This is mainly due to the wireless-based monitoring system is based devices is growing at a rapid pace in railway tunnel projects. Based on tunnel type, the tunnel monitoring systems market is fragmented into highway, railway, others.