Home Press Releases Weigh-In-Motion System Market Size Worth $2,221.3 Million By 2030 | CAGR: 10.5%

Weigh-In-Motion System Market Size Worth $2,221.3 Million By 2030 | CAGR: 10.5%

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

  • Weight-based toll collection weigh-in-motion system segment is anticipated to expand significantly. In comparison to another weigh-in-motion system, the Weight-based Toll Collection offers some advantages, including reduced operating costs, simpler installation, very low maintenance, and more accuracy.
  • The hardware segment is anticipated to hold the highest market share over the forecast period. The hardware segment has several sensors and processors. These detectors regularly collect information about the vehicle’s characteristics.
  • Asia Pacific is expected to grow steadily over the forecast period. This is primarily due to these countries’ massive urbanization, growing populations, and strong economic growth. China controls the vast majority of the market in this region.
  • The global market includes Avery Weigh, Tronix, International Road Dynamics Inc, FLIR Systems, Kapsch TrafficCom AG, Kistler, Reno A&E, Raytheon, Sensys Networks SWARCO, and TE Connectivity.

 

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)

  • Load Cell
  • Strain Gauge Strip
  • Bending Plate
  • Piezoelectric Sensor

Weigh-In-Motion System, Component Outlook (Revenue – USD Million, 2018 – 2030)

  • Sensor Array
  • Control & Measurement Systems
  • Processing & Reporting Systems
  • Support Devices & Infrastructure
  • Software & Services

Weigh-In-Motion System, End-Use Outlook (Revenue – USD Million, 2018 – 2030)

  • Highway Toll
  • Railways
  • Ports & Logistic Hubs
  • Process Industries
  • Aviation
  • Oil & Refinery
  • Logistics
  • Other end-use industries

Weigh-In-Motion System, Function Outlook (Revenue – USD Million, 2018 – 2030)

  • Vehicle Profiling
  • Axle Counting
  • Weight Enforcement
  • Weight-based Toll Collection
  • Traffic Data Collection

Weigh-In-Motion System, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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