Weigh-In-Motion System Market Is Projected To Reach USD 1.8 Billion By 2027 From USD 1.1 Billion In 2022, At A CAGR Of 10.0% | Tronix (US), Mettler Toledo (US), Kistler Instruments AG (Switzerland), International Road Dynamics Inc. (Canada), and Q-Free AS

Weigh-In-Motion System Market by Weighing Technology (Bending Plate, Piezoelectric Sensor), End-use Industry, Component (Hardware, Software), Application, Installation Method, Vehicle Speed (Low, High), Sensors and Region - Global Forecast to 2027

A weigh-in-motion (WIM) system records information on the weight, speed, length, and class of the moving vehicle. Weigh-in-motion scales provide a number of benefits over conventional static weight scales. By weighing moving vehicles, it facilitates a smooth flow of traffic while reducing operating time, maintenance requirements, and costs.

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For intelligent transportation systems (ITS), weigh-in-motion has become a useful technology. It creates records for each vehicle containing the vehicle type, speed, axle load, and spacing. This detailed traffic information is utilized for pavement analysis and design, overweight enforcement, real-time traffic data analysis, and reporting, freight estimation, and virtual traffic monitoring applications. The market for weigh-in-motion is fueled by increasing government initiatives for intelligent transportation systems, public-private partnerships, and traffic congestion.

Key Market Players

INTELLIGENT TRANSPORTATION SYSTEM
The weigh-in-motion system market is dominated by established players such as Avery Weigh-Tronix (US), Mettler Toledo (US), Kistler Instruments AG (Switzerland), International Road Dynamics Inc. (Canada), and Q-Free ASA (Norway). These companies adopted various strategies, such as new product developments, deals, and others to gain traction in the weigh-in-motion system market.
The transformation of traditional cities into smart cities by deploying state-of-the-art technologies in the industrial, transport, and healthcare sectors significantly influences the weigh-in-motion market. The development of smart cities has accentuated the need for effective, low-cost, and energy-efficient transport services.

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According to end-use industries, the Highway Toll and Road Safety segment commands the weigh-in-motion system market. To alleviate traffic congestion and identify overweight vehicles, especially freight carriers, weigh-in-motion devices are mostly employed for highway toll reasons. To minimize overloading, overspeeding, accidents, and unanticipated damage to roads and related infrastructure, key technological advancements in ITS/TMS systems and stronger laws set for road usage for freight trucks are required. Key consumers of WIM systems for the highway toll and road safety market are countries investing in ITS/TMS while developing new roads and repairing aging infrastructure.

The onboard segment is expected to be the fastest-growing segment during the forecast period. The C-ITS/V2X technologies for wireless data exchange between Onboard WIM systems and TMS/ITS are expected to boost the demand for Onboard WIM systems combined with the lower cost incurred by authorities and governments to build a TMS ecosystem around Onboard WIM systems.
The increasing number of megacities and the population growth in developed and developing countries have increased the use of various traffic sensors and weigh-in-motion systems in the Asia Pacific region. Various countries in the region have started recognizing traffic solutions using weigh-in-motion systems and traffic sensors for curbing traffic congestion, automated toll, vehicle detection, traffic control, and traffic management.

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The study categorizes the weigh-in-motion system market based on type, vehicle speed, component, end-use industry, function, and region
Weigh-in-motion system Market, By Vehicle Speed
• Low-speed (15 km/h)

Weigh-in-motion system Market, By Installation Method
• In-road Weigh-in-Motion System
• Bridge Weigh-in-Motion System
• Onboard Weigh-in-Motion System

Weigh-in-motion system Market, By End-Use Industry
• Highway Toll & Road Safety
• Oil & Refinery
• Logistics
• Other End-use Industries

Weigh-in-motion system Market, By Component
• Hardware
• Software & Services

Weigh-in-motion system Market, By Technology
• Load Cell Technology
• Bending Plate Technology
• Piezoelectric Sensor Technology
• Other Technologies

Weigh-in-motion system Market, By Application
• Vehicle Profiling
• Axle Counting
• Weight Enforcement
• Weight-based Toll Collection
• Bridge Protection
• Traffic Data Collection

Weigh-in-motion system Market, By Region
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

Frequently Asked Questions (FAQ):

• What is the current size of the global weigh-in-motion system market?
• Which type is currently leading the weigh-in-motion system market?
• Many companies are operating globally in the weigh-in-motion system market space. Do you know who are the front leaders, and what strategies have been adopted by them?
• How is the demand for weigh-in motion systems varies by region?
• What drivers and opportunities for the weigh-in-motion system supplier?

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This release was published on openPR.