The global weigh-in-motion systems market is expected to generate US$ 1.04 billion in sales in 2022 and US$ 2.55 billion by 2032. During the projected period, the demand for weigh-in-motion systems is predicted to grow at a moderate CAGR of 10.3%.
A significant increase in the number of cars is projected over the estimated time period, which will increase demand for weighing systems that are faster, more accurate, autonomous, and efficient. Future trends indicate that more people will use weighing devices as a result of technological improvements that make it feasible to identify overweight vehicles more quickly and conduct traffic monitoring and analysis at a cheaper cost.
Weigh-in-motion devices are expected to be used more and more frequently as new types of traffic congestion appear and the public and private sectors work together to improve the productivity, safety, and reduced environmental effect of transportation networks. For the provision and setup of a computerised pre-clearance and weigh-in-motion system, the state of Idaho paid International Road Dynamics Inc. $2.2 million in September 2021. This modification is probably going to make commercial vehicle screening more effective while reducing traffic at weigh stations and greenhouse gas emissions.
Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-10354
Additional advantages of weigh-in-motion systems include thorough reporting, improved efficiency, and total integration, which when combined considerably streamline the process of weighing big, heavy transport vehicles like trains and trucks. This, together with the extensive use of weigh-in-motion systems in a number of industries, such as construction, forestry, demolition, and waste management, is predicted to fuel the market prediction for these systems.
The market for weigh-in-motion systems is expected to experience growth restrictions due to a number of factors, including high upfront prices and challenging installation requirements for nonintrusive weigh-in-motion sensors. Due to advances in business technology, the utilisation of commercial heavy vehicles is growing quickly. Building a weigh-in-motion system is necessary to control traffic and keep track of legal compliance.
As technology advances, manufacturers are heavily spending in R&D to bolster their position in the market for W weigh-in-motion systems. Utilising strain gauge sensors, fibre optic weigh-in-motion sensors, and fibre Bragg grating sensors, they hope to improve the performance of the weigh-in-motion system. As a result, weigh-in-motion technology is more common everywhere.
Key Takeaways
- Players such as Q-Free, International Road Dynamics, Kapsch Trafficcom, Kistler, TE Connectivity, SWARCO, FLIR Systems, and Siemens dominate the weigh-in-motion systems
- The weigh-in-motion systems market is anticipated to be led by Europe.
- By 2029, the Highway Toll sector is anticipated to account for the greatest share of the weigh-in-motion systems
- The rising number of heavy-duty trucks and technological advancements in weighing systems bode well for the North American weigh in weigh-in-motion systems market share throughout the forecast period.
Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-10354
Competitive Landscape
Leaders in the weigh-in-motion systems market are consolidating and teaming up to increase their share of the industry and their bottom lines.
Kapsch TrafficCom AG, Q-free, Mettler Toledo, Avery Weigh – Tronix, TE Connectivity, International Road Dynamics, Kistler, Transcore Reno A&E, Axis Communications, EFKON, International Road Dynamics Inc, SWARCO AG, FLIR Systems, Raytheon Company, Sensys Networks Inc, LeddarTech Inc, Crooss Zlin, and SICK AG are just some of the major players in the weigh-in-motion systems market.
Key Segments
By Component:
- Hardware
- Sensor Array
- Control & Measurement Systems
- Processing & Reporting Systems
- Support Devices & Infrastructure
- Software
By Technology:
- Load Cell
- Strain Gauge Strip
- Bending Plate
- Piezoelectric Sensor
By Installation:
- Weigh Bridge System
- Onboard System
- Pavement/In-road System
By End User:
- Roadways
- Railways
- Ports & Logistic Hubs
- Process Industries
- Aviation
By Application Speed:
- Low Speed (<15 Km/hr)
- High Speed (>15 km/hr)
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
Speak to our Research Expert:
https://www.futuremarketinsights.com/ask-question/rep-gb-10354
Recent Developments
- Kistler began selling low-outgassing cables in May 2021 for their titanium housing piezoelectric accelerometers used in astronomical research.
- Q-contracts Free’s with the Georgia Department of Transportation (DOT) were extended to include enhancements to Kinetic Signals in April 2021.1
- SWARCO AG introduced its new urban mobility management software, MyCity 1.0, in April 2021 with the goal of creating smarter, greener cities.
- Kapsch TrafficCom was tasked by the Norwegian Public Road Administration to install a new Multi-Lane Free-Flow (MLFF) tolling system in Ryfast, Norway in March 2021.
- International Road Dynamics was awarded a five-year, up to $13 million maintenance and upgrade contract by the New York State Department of Transportation in March 2021.
- Commercial vehicle weight enforcement industrial scales in Ukraine have used Intercomp WIM sensors since February 2021. These weigh-in-motion sensors are integrated into the country’s high-speed Weigh-In-Motion systems.
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs
