Global Weigh In Motion System Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 962.07 Million |
 Market Size (Forecast Year) |
USD 2,426.26 Million |
 CAGR |
% |
| Major Markets Players |
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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) - Industry Trends and Forecast to 2030.
Weigh-In-Motion System Market Analysis and Size
The global weigh-in-motion system market is segmented on the basis of device, frequency band, operating voltage, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Data Bridge Market Research analyses that the global weigh-in-motion system market which was USD 962.07 million in 2022, would rocket up to USD 2,426.26 million by 2030, and is expected to undergo a CAGR of 11.2% during the forecast period. This indicates the market value. “Low- Speed” dominates the device segment of the global weigh-in-motion system market due to growing roadways, railways, ports and logistic hubs, process industries and aviation is directly influencing the growth rate of the market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Weigh-In-Motion System Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021 (Customizable 2015-2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
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) |
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Countries Covered |
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 |
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Market Players Covered |
Q-Free ASA. (Norway), Kapsch TrafficCom AG (Austria), METTLER TOLEDO. (U.S.), TE Connectivity (Switzerland), Avery India Ltd. (India), International Road Dynamics Inc. (Canada), Kistler Group (Switzerland), TransCore (U.S.), EFKON GmbH (South Africa), Genera l Electrodynamics Corporation (U.S), Cardinal / Detecto Scale. (U.S.), Traffic Data Systems (Germany), Roadsys, Inc (U.S.), Ashbee Systems Ltd. (India), Axis Communications AB (Sweden) among |
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Market Opportunities |
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Market Definition
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.
Global Weigh-In-Motion System Market Dynamics
Drivers
- Growth in the construction of smart cities
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.
- Demand for the adoption of SCRs in diesel engines
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.
Opportunities
- Increasing production of heavy-duty vehicles
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.
Restraints/Challenges
- High Capital Requirements
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.
Recent Development
- In April 2021, MyCity 1.0, a ground-breaking urban mobility management system for smarter, greener cities, was introduced by SWARCO AG
- In April 2021, Q-Free expanded Georgia DOT licenses for nationalwide traffic signal control software in order to improve Kinetic Signals.
Global Weigh-In-Motion System Market Scope
The global weigh-in-motion system market is segmented on the basis of vehicle speed, type, function, component, installation, end user and sensor type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Vehicle Speed
- Low- Speed
- High- Speed
Type
- In- Road System,
- Weigh Bridge System
- On-board System
Function
- Vehicle Profiling,
- Axle Counting,
- Weight Enforcement,
- Weight-Based Toll Collection
- Traffic Data Collection
Component
- Hardware
- Software
- Sensor Array
- Control Measurement Systems,
- Processing and Reporting Systems
- Support Devices and Infrastructure
Installation
- Weigh Bridge System,
- On-board System
- Pavement/In-Road System
End-User
- Roadways, Railways
- Ports and Logistic Hubs
- Process Industries
- Aviation
Sensor Type
- Image Sensor
- Piezoelectric Sensor
- Bending Plate
- Inductive Loop
- Magnetic Sensor
- Acoustic Sensor
- Infrared Sensor
- Radar Sensor
- LiDAR Sensor
- Thermal Sensor
Global Weigh-In-Motion System Market Region Analysis/Insights
The global weigh-in-motion system market is analyzed and market size insights and trends are provided by region, vehicle speed, type, function, component, installation, end user and sensor type, as referenced above.
The regions covered in the global weigh-in-motion system market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global weigh-in-motion system market report are U.S., Canada, Mexico, Brazil, Argentina, the 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, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
Asia-Pacific is expected to lead the global weigh-in-motion system market during the forecast period due to the expansion of LTE and 5G technology and strong demand for RF semiconductors in consumer device applications. Technological advancements are expected to boost demand for RF semiconductors.
North America is expected to expand at a rapid pace due to the presence of major players in the region and increased competition among them.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Weigh-In-Motion System Market Share Analysis
The global weigh-in-motion system market competitive landscape provides details of competitors. 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, and application dominance. The above data points provided are only related to the company’s focus related to the global weigh-in-motion system market.
Some of the major players operating in the global weigh-in-motion system market are:
- Q-Free ASA. (Norway)
- Kapsch TrafficCom AG (Austria)
- METTLER TOLEDO. (U.S.)
- TE Connectivity (Switzerland)
- Avery India Ltd. (India)
- International Road Dynamics Inc. (Canada)
- Kistler Group (Switzerland)
- TransCore (U.S.)
- EFKON GmbH (South Africa)
- Genera l Electrodynamics Corporation (U.S)
- Cardinal / Detecto Scale. (U.S.)
- Traffic Data Systems (Germany)
- Roadsys, Inc (U.S.)
- Ashbee Systems Ltd. (India)
- Axis Communications AB (Sweden)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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