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Pulished Date August, 2021
ID: 10085
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Weigh in Motion System Market segmentation By Vehicle Speed (Low-Speed, High-Speed), By Type (In-road, Bridge Weigh, Onboard), By End use Industry (Highway Toll, Oil and Refinery, Logistics, Others), By Component (Hardware, Software and Services), By Sensor (Image Sensor, Piezoelectric Sensor, Bending Plate, Inductive Loop, Magnetic Sensor, Acoustic Detector, Infrared Sensor, Radar Sensor, Lidar Sensor, Thermal Sensor), By Function (Vehicle Profiling, Axle Counting, Weight Enforcement, Weight-based Toll Collection, Traffic Data Collection) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: August, 2021
ID: 10085
Pages: 175

Market Overview:

The global Weigh-in-Motion (WIM) market is expected to grow from $ 554.74 million in 2021 with a CAGR of 8.58% between 2021 and 2026.

A Weigh-in-Motion (WIM) system can be a collection of devices and software that measure and record the load of passing vehicles. WIM systems capture transport information as transport passes through a quantization site and does not require transport to stop again. The sensors used in WIM systems typically include piezoelectric or quartz sensors.

Weigh-in-Motion is connected to transport to lanes of live traffic capturing and recording axle weights and gross transport weights.

Recent Developments:

  •  Kapsch TrafficCom has introduced and introduced gauging frameworks moving at 4 stations on 2 thruways in Kazakhstan, permitting vehicles to be weighed in any event, when going at max throttle.
  •  METTLER TOLEDO Weigh-in-Motion technology can be a basic piece of a port's mechanized framework for load holder review. At the point when a port depends on static weighing with a scale administrator, it takes a normal of 5 minutes or more to process a vehicle.

Drivers and Restraints of Weigh in Motion System Market:

Drivers:

The on-the-go weighing system helps prevent overloaded vehicles from entering the roads and therefore reduces road wear. Roads with increasing traffic are more susceptible to damage than other roads. They must be repaired before opposing the roads thanks to unprecedented and accelerated traffic flows. The Weigh-in-Motion system enables local authorities and transportation services to budget and plan accurately to ensure street safety with consistent recording, monitoring and law enforcement techniques. The Weigh-in-Motion system effectively regulates wheel loading and ensures that an overloaded vehicle is started or sent to the weighbridge or weighbridge to protect the road surface and substructure. These factors are predicted to drive the global Weigh-in-Motion market.

Restraints:

However, the slow expansion in the infrastructure industry, the limitation of the installation requirements of non-intrusive sensors and the high initial investments are the factors that prevent the expansion of the WIM market.

Market Segmentation:

 By Vehicle Speed:

  • Low-Speed
  • High-Speed

The low-speed WIM framework is anticipated to account for the significant portion of the global Weigh-in-Motion market. The low speed framework offers a few preferences, for example, low working costs, low upkeep, straightforward establishment and preferred accuracy over rapid moving gauging frameworks. 

By Type:

  • In-road
  • Bridge Weigh
  • Onboard

The on-board Weigh-in-Motion system is mounted on vehicles rather than on the road. This technique can transfer vehicle weight information at any point in time from a moving vehicle to the information storage system.

By End Use Industry:

  • Highway Toll
  • Oil & Refinery
  • Logistics
  • Others (Agriculture, mining, and other weight-based industries)

By Component:

  • Hardware
  • Software & Services

Of these, hardware component is expected to lead the market in the future. The Weigh-in-Motion market uses different numbers of sensors and controllers to collect and store traffic data at the moving central weighing station. Therefore, the increase in the use of the quantity of hardware components further increases its demand, which stimulates the mobile weight market.

By Sensor:

  • Image Sensor
  • Piezoelectric Sensor
  • Bending Plate
  • Inductive Loop
  • Magnetic Sensor
  • Acoustic Detector
  • Infrared Sensor
  • Radar Sensor
  • Lidar Sensor
  • Thermal Sensor

The sensor market is foreseen to drive the market during the figure time frame. Among the kinds of sensors, the image sensor speaks to most of the market for moving weighing for sensors. Image sensors are for the most part utilized in cameras for vehicle recognition and recognizable proof. Inductive circles are progressively utilized in present day control frameworks because of their exact and proficient innovation.

By Function:

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

Weigh-in-Motion for the axle counting application is likely to witness significant growth by 2026. Like the use of the axle counting application, the user may be aware of the axle load, thus allowing the user to implement toll based in weight. The governments of some countries have established authorized loading standards to control vehicles and access infrastructure roads or bridges. Due to this factor, the axle counting market is expected to experience significant growth during the forecast period.

Weigh in Motion System Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America is expected to account for the majority of the world market for Weigh-in-Motion systems during the forecast period. The growth of the Weigh-in-Motion system market in the region is attributed to an expansion in the adoption of these systems in the United States and Canada. The increasing adoption of advanced technologies in these countries is also contributing to the expansion of the North American market. Europe is estimated to be the most important market for Weigh-in-Motion systems during the forecast period due to increased freight traffic and the free movement of products between European countries, which increased traffic on national and international roads at stations toll. WIM systems are used to detect overweight vehicles without interrupting traffic. The Asia-Pacific WIM systems market is foreseen to be the fastest-growing market due to increased investment in smart transportation, smart traffic management and smart cities, especially in China and India. Furthermore, increased vehicle sales and increased imports/exports in the region are also expected to drive the Weigh in Motion market. Currently, the low-speed moving weighing system dominates the Asia-Pacific market. Also, in early 2026, a high-speed WIM system is expected to have an honest market share. A high-speed system offers several benefits and helps reduce congestion.

IMPACT OF COVID-19 ON WEIGH IN MOTION SYSTEM MARKET:

The industrial sector will grasp new ideal models—digitalized, decentralized, decarbonized, roundabout, and therapeutic—in the fallout of COVID-19. Presently, interruptions in material supply and coordination and work portability are significantly affecting the development fragment. As the segment refocuses, there will be more up to date and more extensive applications for automation and digitalization innovations. Furthermore, independent tasks in assembling, in-house producing capacities, supply request evaluation, site assessment, and prescient support will get a move on.

Key Players of Market:

Some of the major players in the global weigh-in-motion system market include 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).

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Weigh in Motion System Market, By Vehicle Speed          

                    6.1.1 Low-Speed    

                    6.1.2 High-Speed   

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Weigh in Motion System Market, By Type             

                    6.2.1 In-road          

                    6.2.2 Bridge Weigh 

                    6.2.3 Onboard        

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Weigh in Motion System Market, By End-Use Industry               

                    6.3.1 Highway Toll 

                    6.3.2 Oil & Refinery

                    6.3.3 Logistics        

                    6.3.4 Agriculture     

                    6.3.5 Mining 

                    6.3.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.7 Y-o-Y Growth Rate Analysis         

                    6.3.8 Market Attractiveness Index         

          6.4 Weigh in Motion System Market, By Component             

                    6.4.1 Hardware       

                    6.4.2 Software & Services  

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

          6.5 Weigh in Motion System Market, By Sensor           

                    6.5.1 Image Sensor 

                    6.5.2 Piezoelectric Sensor 

                    6.5.3 Bending Plate

                    6.5.4 Inductive Loop         

                    6.5.5 Magnetic Sensor      

                    6.5.6 Acoustic Detector    

                    6.5.7 Infrared Sensor        

                    6.5.8 Radar Sensor 

                    6.5.9 Lidar Sensor  

                    6.5.10 Thermal Sensor      

                    6.5.11 Market Size Estimations & Forecasts (2019-2024)      

                    6.5.12 Y-o-Y Growth Rate Analysis       

                    6.5.13 Market Attractiveness Index       

          6.6 Weigh in Motion System Market, By Function                  

                    6.6.1 Vehicle Profiling       

                    6.6.2 Axle Counting

                    6.6.3 Weight Enforcement 

                    6.6.4 Weight-Based Toll Collection        

                    6.6.5 Traffic Data Collection        

                    6.6.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.6.7 Y-o-Y Growth Rate Analysis         

                    6.6.8 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Vehicle Speed      

                    7.2.3 By Type         

                    7.2.4 By End-Use Industry 

                    7.2.5 By Component         

                    7.2.6 By Sensor      

                    7.2.7 By Function    

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Vehicle Speed      

                    7.3.3 By Type         

                    7.3.4 By End-Use Industry 

                    7.3.5 By Component         

                    7.3.6 By Sensor      

                    7.3.7 By Function    

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Vehicle Speed      

                    7.4.3 By Type         

                    7.4.4 By End-Use Industry 

                    7.4.5 By Component         

                    7.4.6 By Sensor      

                    7.4.7 By Function    

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Vehicle Speed      

                    7.5.3 By Type         

                    7.5.4 By End-Use Industry 

                    7.5.5 By Component         

                    7.5.6 By Sensor      

                    7.5.7 By Function    

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Vehicle Speed      

                    7.6.3 By Type         

                    7.6.4 By End-Use Industry 

                    7.6.5 By Component         

                    7.6.6 By Sensor      

                    7.6.7 By Function    

8. Key Player Analysis                           

          8.1 Kapsch TrafficCom                

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Q-Free             

          8.3 METTLER TOLEDO                 

          8.4 Avery Weigh-Tronix              

          8.5 TE Connectivity           

          8.6 International Road Dynamics           

          8.7 Kistler              

          8.8 TransCore                   

          8.9 Axis Communications            

          8.10 EFKON            

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Weigh in Motion System Market By Region, From 2021-2026 ( USD Billion )
  2. Global Weigh in Motion System Market By Vehicle Speed, From 2021-2026 ( USD Billion )
  3. Global Low-Speed Market By Region, From 2021-2026 ( USD Billion )
  4. Global High-Speed Market By Region, From 2021-2026 ( USD Billion )
  5. Global Weigh in Motion System Market By Type, From 2021-2026 ( USD Billion )
  6. Global In-road Market By Region, From 2021-2026 ( USD Billion )
  7. Global Bridge Weigh Market By Region, From 2021-2026 ( USD Billion )
  8. Global Onboard Market By Region, From 2021-2026 ( USD Billion )
  9. Global Weigh in Motion System Market By End-Use Industry, From 2021-2026 ( USD Billion )
  10. Global Highway Toll Market By Region, From 2021-2026 ( USD Billion )
  11. Global Oil & Refinery Market By Region, From 2021-2026 ( USD Billion )
  12. Global Logistics Market By Region, From 2021-2026 ( USD Billion )
  13. Global Agriculture Market By Region, From 2021-2026 ( USD Billion )
  14. Global Mining Market By Region, From 2021-2026 ( USD Billion )
  15. Global Weigh in Motion System Market By Component, From 2021-2026 ( USD Billion )
  16. Global Hardware Market By Region, From 2021-2026 ( USD Billion )
  17. Global Software & Services Market By Region, From 2021-2026 ( USD Billion )
  18. Global Weigh in Motion System Market By Sensor, From 2021-2026 ( USD Billion )
  19. Global Image Sensor Market By Region, From 2021-2026 ( USD Billion )
  20. Global Piezoelectric Sensor Market By Region, From 2021-2026 ( USD Billion )
  21. Global Bending Plate Market By Region, From 2021-2026 ( USD Billion )
  22. Global Inductive Loop Market By Region, From 2021-2026 ( USD Billion )
  23. Global Magnetic Sensor Market By Region, From 2021-2026 ( USD Billion )
  24. Global Acoustic Detector Market By Region, From 2021-2026 ( USD Billion )
  25. Global Infrared Sensor Market By Region, From 2021-2026 ( USD Billion )
  26. Global Radar Sensor Market By Region, From 2021-2026 ( USD Billion )
  27. Global Lidar Sensor Market By Region, From 2021-2026 ( USD Billion )
  28. Global Thermal Sensor Market By Region, From 2021-2026 ( USD Billion )
  29. Global Weigh in Motion System Market By Function, From 2021-2026 ( USD Billion )
  30. Global Vehicle Profiling Market By Region, From 2021-2026 ( USD Billion )
  31. Global Axle Counting Market By Region, From 2021-2026 ( USD Billion )
  32. Global Weight Enforcement Market By Region, From 2021-2026 ( USD Billion )
  33. Global Weight-Based Toll Collection Market By Region, From 2021-2026 ( USD Billion )
  34. Global Traffic Data Collection Market By Region, From 2021-2026 ( USD Billion )

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