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%.
The projected period is expected to witness a substantial rise in the number of cars, which will lead to a rise in demand for weighing systems that are quicker, more precise, autonomous, and effective. Due to industry advancements that enable quicker overloaded vehicle identification and more cheap traffic monitoring and analysis, it is predicted that more and more individuals will utilise weighing devices in the future.
As new types of traffic congestion emerge and the public and private sectors collaborate to increase the productivity, safety, and environmental impact reduction of transportation systems, weigh-in-motion devices are anticipated to grow in popularity. In September 2021, the state of Idaho paid International Road Dynamics Inc. $2.2 million to provide and implement an electronic pre-clearance and weigh-in-motion system. This modification is likely to reduce traffic at weigh stations and greenhouse gas emissions while improving the effectiveness of commercial vehicle screening.
Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-10354
Other benefits of weigh-in-motion systems include thorough reporting, higher efficiency, and complete integration, which together make weighing huge, heavy transport trucks and trains considerably simpler. The market prognosis for weigh-in-motion systems is anticipated to be driven by factors such as this and the widespread adoption of these systems in a variety of sectors, including construction, forestry, demolition, and waste management.
Market growth for weigh-in-motion systems is expected to be constrained by a number of issues, such as high upfront costs and onerous installation specifications for nonintrusive weigh-in-motion sensors. The movement of commercial heavy vehicles is expanding at an astounding rate as a result of technological developments in the business world. A weigh-in-motion system must be installed in order to regulate traffic and monitor regulatory compliance.
As technology advances, manufacturers are extensively investing in R&D to strengthen their position in the global W weigh-in-motion systems market. Utilising strain gauge sensors, fibre optic weigh-in-motion sensors, and fibre Bragg grating sensors, they are attempting to improve the performance of the weigh-in-motion system. As a result, weigh-in-motion devices are in greater demand all over the world.
Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-10354
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.
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.
Speak to our Research Expert:
https://www.futuremarketinsights.com/ask-question/rep-gb-10354
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
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