Weigh-In-Motion System Market
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The weigh-in-motion system market is estimated to grow at a CAGR 7.48% rate during the forecast period. Factors such as the growing traffic congestion, increasing public-private partnerships (PPPs) & government focus towards intelligent transportation system (ITS) and economic system compared with static weigh system are projected to drive the market.
Highway toll segment is estimated to be the largest. Most of the highway tolls are equipped with high-speed weigh-in-motion systems as they help in detecting overweight vehicles without hampering the traffic flow. However, regions such as Asia Pacific and North America are equipped with low-speed weigh-in-motion systems because of its low cost and regulatory issues. On the other hand, highway tolls in Europe are equipped with high-speed weigh-in-motion systems due to increasing freight traffic and free movement of goods across the European countries. The highway toll segment is expected to dominate the market during the forecast period. Weigh-in-motion systems are mostly used in highway tolls to reduce traffic congestion and detect overweight vehicles.
Hardware segment is expected to be the largest segment. The hardware segment comprises several sensors and controllers. These sensors are used to collect information regarding vehicle characteristics. On the other hand, a controller processes the traffic and other related information collected by the sensors and stores it in the data warehouse. The hardware segment is estimated to dominate the market during the forecast period. The hardware market is dominated by the European region, followed by North America as of 2019.
Asia Pacific is expected to the fastest growing market. The Asia Pacific WIM system market is estimated to be the fastest growing market because of increasing investments in intelligent transportation system, smart traffic management, and smart cities, especially in China and India. Moreover, increasing vehicle sales and increasing import/export in the region are also expected to drive the market for weigh-in-motion system. Presently, the low-speed weigh-in-motion system dominates the Asia Pacific market. However, by the end of 2026, a high-speed WIM system is expected to have a decent market share.
Key Market Players Kapsch TrafficCom (Austria), Q-Free (Norway), METTLER TOLEDO (US), Avery Weigh-Tronix (Illinois Tool Works) (US), TE Connectivity (Switzerland), International Road Dynamics (Quarterhill) (US), Kistler (Switzerland), TransCore (Roper Technologies) (US), Axis Communications (Sweden), and EFKON (Austria).
Key Questions Addressed by the Report
- Which type of a weigh-in-motion system is preferred, and which type will dominate in the future?
- When is the onboard WIM system likely to have a mass adoption rate?
- How are industry players addressing the challenge of data fusion and accuracy of the WIM system?
- What are the key opportunities for WIM system suppliers during the forecast period?
- Which end-use industry will dominate the market in the coming years?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Weigh-In-Motion System Market, By End Use Industry
Oil & Refinery
6. Weigh-In-Motion System Market, By Component
Software & Services
7. Weigh-In-Motion System Market, By Vehicle Speed
8. Weigh-In-Motion System Market, By Function
Weight-Based Toll Collection
Traffic Data Collection
9. Weigh-In-Motion System Market, By Type
Weigh Bridge System
10. Weigh-In-Motion System Market, By Sensor Type
11. Weigh-In-Motion System Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
12. Company Profiles
Avery Weigh-Tronix (Illinois Tool Works)
International Road Dynamics (Quarterhill)
Transcore (Roper Technologies)
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