The tunnel automation market was valued at USD 4.29 billion in 2023 and is projected to reach USD 8.80 billion by 2032, with a CAGR of 8.37%. Growth is fueled by infrastructure upgrades, safety regulations, and adoption of IoT and AI technologies for smart monitoring.

Key players in the market include Siemens AG, Johnson Controls Inc., ABB Limited, and more. The market scope includes segments like hardware, software, services, tunnel types, and components like HVAC, lighting, signalization, and others.

In 2023, hardware held the largest market share at 50.8%, while software is expected to grow at the highest CAGR from 2024 to 2032. Railway tunnels lead with a 59% share, driven by high-speed rail projects. HVAC holds 34.7% of the market, with signalization expected to grow at a CAGR of 53.38%.

North America led the market in 2023 with a 34.6% share, while Europe is expected to grow at the highest CAGR from 2024 to 2032. Europe’s growth is driven by smart tunnel initiatives and safety regulations, with landmark projects showcasing automation advancements.

Recent developments include Siemens Mobility winning contracts worth €670 million for high-speed rail systems. The market report provides insights on market dynamics, competitive landscape, segmentation, regional analysis, and company profiles.

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Read more at GlobeNewswire: Tunnel Automation Market Size to Hit USD 8.80 billion by