Global Weigh-In-Motion System Market, By Vehicle Speed (Low- Speed and High- Speed), Type (In- Road System, Weigh Bridge System and On-board System), Function (Vehicle Profiling, Axle Counting, Weight Enforcement, Weight-Based Toll Collection and Traffic Data Collection), Component (Hardware, Software, Sensor Array, Control and Measurement Systems, Processing and Reporting Systems and Support Devices and Infrastructure), Installation (Weigh Bridge System, On-board System and Pavement/In-Road System), End User (Roadways, Railways, Ports and Logistic Hubs, Process Industries and Aviation), 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, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the weigh-in-motion system market would exhibit a CAGR of 10.17% for the forecast period. Growth in the construction of smart cities especially in the emerging economies, shifting and improving economic conditions of certain economies around the globe and increased focus of the manufacturers on innovative automotive sensor technologies and on the adoption of durable and lightweight materials used in the manufacturing of raw materials are the major factors attributable to the growth of weigh-in-motion system market. This signifies that, the global weigh-in-motion system market would stand tall by USD 1,962.136 million by the year 2028.
Weigh-in-motion devices are the devices that are used to locate and track axle weights and gross weights. The weigh-in-motion systems are used to improve the safety of the vehicles on road, decrease the risk of accidents and prevent any road surface damages.
Growth in the demand for the adoption of SCRs in diesel engines has resulted in growth in the market value. Growth and expansion of automotive industry especially in the developing economies coupled with rising initiatives by the government in regards to intelligent transportation systems will also create lucrative growth opportunities for the market. Increasing production of heavy-duty vehicles will also foster the market growth. Rising traffic congestion and growing demand for commercial transportation will further carve the way for the growth of market.
However, high costs associated with the initial investment and accuracy issues of weigh-in-motion system will pose a major challenge to the market growth rate. Dearth of standardized and uniform technologies will hamper the market growth rate. Restrictive deployment condition for non-intrusive sensors will further restrict the scope of growth for the market.
This weigh-in-motion system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographic expansions, technological innovations in the market. To gain more info on weigh-in-motion system 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 System Market Scope and Market Size
The weigh-in-motion system market is segmented on the basis of vehicle speed, type, function, component, installation, end user and season type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of vehicle speed, weigh-in-motion system market is segmented into low- speed and high- speed.
- The type segment for weigh-in-motion system market includes in- road system, weigh bridge system and on-board system.
- On the basis of function, weigh-in-motion system 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 system market is segmented into hardware, software, sensor array, control and measurement systems, processing and reporting systems and support devices and infrastructure.
- Based on installation, weigh-in-motion system market is segmented into weigh bridge system, on-board system and pavement/in-road system.
- Based on end user, weigh-in-motion system market is segmented into roadways, railways, ports and logistic hubs, process industries and aviation.
- Based on season type, weigh-in-motion system 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 System Market Country Level Analysis
The global weigh-in-motion system market is analysed and market size insights and trends are provided by country, vehicle speed, type, function, component, installation, end user and season type as referenced above.
The countries covered in the weigh-in-motion system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the weigh-in-motion system market and will continue to flourish its trend of dominance during the forecast period owing to the increased freight traffic and free movement of products between European countries. Asia-Pacific region is set to witness unprecedented growth during the forecast period. This is because of the increasing investments in the intelligent transportation system.
The country section of the weigh-in-motion system 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 sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Weigh-In-Motion System Market Share Analysis
The weigh-in-motion system 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 system market.
The major players covered in the weigh-in-motion system market report are Q-Free ASA., Kapsch TrafficCom AG, METTLER TOLEDO., TE Connectivity, Avery India Ltd., International Road Dynamics Inc., Kistler Group, TransCore, EFKON GmbH, Intercomp's Worldwide Headquarters, Genera l Electrodynamics Corporation, Cardinal / Detecto Scale., CROSS Zlín, a.s., KEMEK., Traffic Data Systems, Essae Digitronics Exports, Roadsys, Inc, Ashbee Systems Ltd., Axis Communications AB among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.