Global Tunnel Detection System Market Size to Hit US$2.38 Billion by 2033, Persistence Market Research

Global Tunnel Detection System Market Analysis and Review By Technology (In-Tunnel Scouting Robots, Ground Penetrating Radar (GPR), Ground Robots, Surface Seismic Systems, Microgravity Detection Systems (MDS), UGV Based Systems, Resistive and Tomography, Electromagnetic Systems (w/o GPR), Others)

New York, Aug. 14, 2023 (GLOBE NEWSWIRE) — The global tunnel detection system market is estimated to be valued at US$ 1.42 billion in 2023 and is predicted to expand at 5.3% CAGR across the forecast period (2023 to 2033), as per this latest market study by Persistence Market Research.

Tunnel detection systems are extensively used for border security purposes. These devices help in tracking underground trespassing activities and voids in the detection of land mines. In countries such as India and Israel, there has been a recent surge in threats emanating from certain border areas.

Consequently, the demand for tunnel detection systems has risen to enable the detection of illicit activities beneath the ground. These rising concerns regarding national security and possible threats to the general public are forcing manufacturers to develop cutting-edge products that last long.

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Prominent market players are prioritizing research and development, often collaborating with government research institutions and defense units, to enhance product specifications. Key manufacturers are also focusing on tailored product development to meet specific consumer demands.

Key Takeaways from Market Study

• The global tunnel detection system market is expected to reach US$ 2.38 billion by 2033.
• The market in North America is predicted to reach US$ 1.53 billion by 2033, advancing at 5% CAGR.
• The Middle East and Africa market is estimated to reach US$ 222.5 million by 2033, expanding at a CAGR of 5.4%.
• The market in Europe is forecasted to amount to US$ 206.4 million by 2033, progressing at 5.8% CAGR.
• Demand for tunnel detection systems in South Asia & Pacific is predicted to record a valuation of US$ 163.1 million by 2033-end, increasing at 6.5% CAGR.
• Military demand is expected to dominate the tunnel detection system market over the forecast period.

“Increasing focus on border security and high demand for underground construction in developed cities are factors set to significantly contribute to the growth of the tunnel detection system market over the decade,” says a Persistence Market Research analyst.

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Competitive Landscape

Tier-I market players, who account for 90% market share, are investing in technological advancements and the expansion of their distribution networks to maintain their market presence.

The global market is highly competitive due to the presence of several established and emerging players. Some of the major players in this market include Elbit Systems Ltd., Elpam Electronics, LockHeed Martin, US Radar Inc., SensoGuard, En-Tech Engineering, Hexagon, RDS Technology, Intergeo, Garrett Metal Detectors, NDT Global, Geoscan LLC, GeoSpectrum LLC, Geophysical Survey Equipment (GSE) UK, Sensors & Software inc, Geonics

Find More Valuable Insights

The research report by Persistence Market Research covers the demand analysis for tunnel detection systems, the impact of COVID-19 on the market, macroeconomic factors, market trends, and market background.

The analysis is based on technology, end-use industry, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market on the basis of supply-side and demand-side factors.

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Market Segmentations

• By Technology: In-tunnel Scouting Robots, Ground Penetrating Radar (GPR), Ground Robots, Surface Seismic Systems, Microgravity Detection Systems (MDSs), UGV-based Systems, Resistive & Tomography, Electromagnetic Systems (w/o GPR), Others
• By End-use Industry: Military, Metro & Railways, Highways, Prisons, Airports, Banks & Other Government Facilities
• By Region: North America, Latin America, Europe, East Asia, South Asia & Pacific, MEA

For additional insights on how the global tunnel detection system market will shape up over the decade, write to [email protected]

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