North America Tunnel Sensor Market Forecast to 2027 - COVID-19 Impact and Analysis - by Solution (Visibility Monitoring, Air Flow Monitoring, Air Quality Monitoring, Filter Monitoring, Fire Monitoring, and Others), Services (Installation Services, Maintenance Services, and Consulting Services), Connectivity (Wired, Wireless), and Application (Road Tunnels, Rail Tunnels, and Others)
The tunnel sensor market in North America was valued at US$ 1,279.0 million in 2019 and is expected to grow at a CAGR of 4.7% during the forecast period of 2020 to 2027 to reach US$ 1,825.1 million by 2027.
The COVID-19 outbreak is anticipated to affect the growth rate of North America tunnel sensor market in the year 2020 and 2021 and thus there is decline in y-o-y growth during these years. However, the growth is expected to normalize from 2021 onwards and the market is projected to grow at a steady pace. Rising road congestion across the world is demanding infrastructural developments, as well as better cross border connectivity; this has resulted in increasing construction of several road tunnels globally. These tunnels require efficient and reliable solutions for monitoring traffic, airflow, air quality, and fire detection for a smooth movement of vehicles. The tunnel sensors are used for monitoring of obstruction to vision caused by smoke, fog, and exhaust fumes. CODEL International Ltd. and Durag Group are among the road tunnel sensor providers in the market.
Based on solutions, the North America tunnel sensor market is segmented into visibility monitoring, air flow monitoring, air quality monitoring, filter monitoring, fire monitoring, and others. The continuous flow of fresh air across the tunnel is essential for maintaining visibility, as well as controlling the level of toxic gases within the permissible limit. The ventilation systems installed inside the tunnels usually comprise wall or ceiling mounted jet fans. Air flow monitoring sensors are used to ensure optimum airflow within the tunnel and minimize the power consumption of jet fans. Ultrasonic airflow measurement technology is used to achieve optimum airflow inside the tunnel. These sensors are integrated with appropriate software to help users easily monitor and maintain the airflow limit inside the tunnel.
The overall North America tunnel sensor market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the tunnel sensor market. The process also serves the purpose of obtaining an overview and forecast for the North America tunnel sensor market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry experts such as VPs, business development managers, tunnel sensor market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America tunnel sensor market. CODEL International Ltd., DURAG GROUP, ACOEM, Trolex Ltd., and SICK AG are among the key players in the North America tunnel sensor market. The North America ultrasound transducer market is expected to reach US$ 2,093.15 million by 2027 from US$ 1,570.93 million in 2019; it is estimated to grow at a CAGR of 4.0% from 2020 to 2027.
Ultrasound is a noninvasive procedure used to diagnose chronic diseases such as cardiovascular, lung, kidney, and gynecological diseases, and cancer. The growth of the North America ultrasound transducer market is credited to the factors such as growing prevalence of chronic diseases and increasing funds for ultrasound research. On the other hand, the shortage of medical staff is hindering the market growth in this region.
The growing prevalence of chronic disease in North America boosts the demand for ultrasound transducers. As per the Globocan 2018, in 2018, there were 2,129,118 new cases of cancer and 616,714 cancer deaths in the US. Moreover, there were 249,077 new cases of cancer and 81,378 cancer deaths in Canada. It also mentioned that there were 190,667 new cases of cancer and 83,476 cancer deaths in Mexico. Further, as per the “Chronic Kidney Disease in the United States, 2019” report by the Centers for Disease Control and Prevention, 15% (37 million) of the population in the US is estimated to have chronic kidney diseases (CKDs). In addition, as per the Journal of the American Heart Association, in 2016, 121.5 million adults, i.e., ~48%of the population, in the US suffers from cardiovascular disease.
The North America ultrasound transducer market based on product has been segmented into linear, convex, phased array, endocavitary, CW Doppler, tee probes, and others. The TEE probes segment is further segmented into 2D TEE probes, 3D TEE probes, and 4D TEE probes. Whereas, the age group is sub-segmented as adult and pediatric. The convex segment held the largest share of the North American market in 2019. However, the linear segment is estimated to register the highest CAGR in the market during the forecast period. The North America ultrasound transducer market based on application has been segmented into cardiovascular, general imaging, musculoskeletal, OB AND GYN, and other. On the basis of end user, the North America ultrasound transducer market has been segmented into hospitals, clinics, diagnostic centers, and ambulatory surgical centers.
A few of the major secondary sources associated with this study on the North America ultrasound transducer market are Canada Foundation of Innovation, Globocan, Canadian Patient Safety Institute, Ohio State Innovation Foundation, and National Institute of Health (NIH).
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