The global weigh-in-motion system market size is expected to reach USD 2,221.3 million by 2030, according to a new study by Polaris Market Research. The report “Weigh-In-Motion System Market Share, Size, Trends, Industry Analysis Report, By Technology (Load Cell, Strain Gauge Strip, Bending Plate, Piezoelectric Sensor); By Component; By End-Use; By Function; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising adoption of weigh-in-motion across automobiles due to its benefits is the factor boosting the market growth over the forecast period. In place of being situated in the roadway, onboard weigh-in-motion systems are mounted in the cars, allowing the mass data to be transferred from a moving vehicle at any moment.
These platforms are implemented in the car; therefore, they are less expensive and require less maintenance than other WIM frameworks because there is no need for costly infrastructure. For instance, in April 2021, Georgia DOT's contracts with Q-Free for statewide traffic light control technology included upgrades to Kinetic Signals.
The vast majority of municipalities worldwide are adopting intelligent mobility services excessively, which is the main factor pushing various governments to launch efforts for smart transport systems. The drive also intends to carry out 34 tasks, including the creation of data kiosks and pedestrian crossings, self-driving vehicles, robotics, and taxis. For instance, Dubai's Roads and Transport Authority (RTA) recently unveiled its 2017-2021 Brilliant Transport System, which aims to make 25% of city trips using autonomous vehicles by 2030.
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Additionally, the advancement in wireless technology is another significant trend. This is significant because it makes it possible to deploy the weigh-in-motion system without the requirement for pricy and disruptive building work. This is crucial, especially in distant or hilly places were installing cables would be challenging or impossible.
Furthermore, adopting novel approaches to improve productivity, control, economy, integration, sustainability, and efficiency is driving up investment in smart cities. Several legislatures have adopted innovative urban initiatives in various nations to spur economic expansion. Transportation demand management (TDM) is a crucial component for smart city technologies and mobility to be developed globally. As ICTs continue to be used in urban communities, the role of innovation is expected to grow. The need for weigh-in-motion is anticipated to rise in the coming years due to the attractive automation prospects offered by this newly developing smart transportation.
Weigh-In-Motion System Market Report Highlights
Polaris Market Research has segmented the weigh-in-motion system market report based on technology, component, end-use, function, and region:
Weigh-In-Motion System, Technology Outlook (Revenue - USD Million, 2018 - 2030)
Weigh-In-Motion System, Component Outlook (Revenue - USD Million, 2018 - 2030)
Weigh-In-Motion System, End-Use Outlook (Revenue - USD Million, 2018 - 2030)
Weigh-In-Motion System, Function Outlook (Revenue - USD Million, 2018 - 2030)
Weigh-In-Motion System, Regional Outlook (Revenue - USD Million, 2018 - 2030)