Global Weigh in Motion Market, By Vehicle Speed (High Speed, Low Speed), Type (In-Road System, Weigh Bridge System, Onboard System), End Use Industry (Highway Toll, Oil and Refinery, Logistics, Others), Function (Vehicle Profiling, Axle Counting, Weight Enforcement, Weight-Based Toll Collection, Traffic Data Collection), Component (Hardware, Software and Services), Sensor Type (Image Sensor, Piezoelectric Sensor, Bending Plate, Inductive Loop, Magnetic Sensor, Acoustic Sensor, Infrared Sensor, Radar Sensor, LiDAR Sensor and Thermal Sensor), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Weigh in Motion Market
Weigh in motion market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 2,107.4 million by 2028 and grow at a CAGR of 10.5% in the above-mentioned forecast period.
Weigh in motion (also referred as known as weighing-in-motion (WIM) devices) is basically a software that is measured for the axle loads of vehicles, while trucks pass over installed sensors and is used for measurement and recording the weight of moving vehicles. It offers various advantages such as it provides road management, road safety, overload vehicles enforcement, cost reduction, traffic monitoring and analysis.
The factors such as rapid growth in government regulations towards intelligent transportation and growth in public-private partnership, low cost and increasing traffic congestion are expected to emerge as the significant factors accelerating the growth of weigh in motion market. In addition to this, the growing awareness regarding its benefits such as road safety, road management, overload vehicles detection, cost reduction, traffic monitoring and analysis along with increasing government initiatives toward intelligent transportation system will further aggravate the growth of the weigh in motion market. However, lack of standardized, high initial investments and uniform technologies and fusion of data results as a growth restraint for the market. The restrictive installation stipulations of nonintrusive sensors requirement is also projected to hamper market’s growth within the forecasted period.
The increasing investment in smart cities is anticipated to generate lucrative opportunities for the weigh in motion market. The accuracy of weigh-in-motion system will pose as a challenge for the Weigh in motion market.
This weigh in motion market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Weigh in motion market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Weigh in Motion Market Scope and Market Size
The weigh in motion market is segmented on the basis of vehicle speed, type, end use industry, function, component, and sensor type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of vehicle speed, weigh in motion market is segmented into high speed and low speed.
- On the basis of type, weigh in motion market is segmented into in-road system, weigh bridge system and onboard system.
- On the basis of end-use industry, weigh in motion market is segmented into highway toll, oil and refinery, logistics and others.
- On the basis of function, weigh in motion market is segmented into vehicle profiling, axle counting, weight enforcement, weight-based toll collection and traffic data collection.
- On the basis of component, weigh in motion market is segmented into hardware and software and services.
- Based on sensor type, weigh in motion market is segmented into image sensor, piezoelectric sensor, bending plate, inductive loop, magnetic sensor, acoustic sensor, infrared sensor, radar sensor, LiDAR sensor and thermal sensor.
Weigh in Motion Market Country Level Analysis
The weigh in motion market is analyzed and market size, volume information is provided by vehicle speed, type, end use industry, function, component, and sensor type as referenced above.
The countries covered in the Weigh in motion market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the weigh in motion market during the forecast period owing to the increased freight traffic and free movement of products in countries such as Germany and France. Asia-Pacific, on the other hand, is expected to show a lucrative growth due to rising growth in investments in intelligent transportation system, smart cities and smart traffic management majorly in the countries like India and China within the above mentioned forecast period.
The country section of the weigh in motion market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Weigh in Motion Market Share Analysis
The weigh in motion market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to weigh in motion market.
Some of the major players operating in the weigh in motion market report are Kapsch TrafficCom AG., International Road Dynamics Inc., Kistler Group., SWARCO, Teledyne FLIR LLC., Infogix Inc, Reltio, TE Connectivity., Axis Communications AB., Raytheon Technologies Corporation., Siemens., Sensys Networks, Inc., Cross Zlin a.s, Intercomp', EFKON India Pvt. Ltd, SICK AG., Image Sensing Systems, Inc., and LeddarTech Inc., among others.