Weigh in Motion Market Trends, Challenges, Industry Analysis and Forecast 2030

Weigh in Motion Market Overview

The global weigh-in-motion (WIM) market, valued at USD 1.15 billion in 2023, is forecast to achieve a compound annual growth rate (CAGR) of 10.7% between 2024 and 2030, reaching USD 2.34 billion. This technology, essential for traffic management and weight monitoring, is poised for rapid adoption due to its role in reducing congestion and enabling efficient toll operations.

Impact of COVID-19

The pandemic caused disruptions across end-use sectors such as logistics and highway tolls, leading to reduced revenues. However, the market rebounded in 2022 with the easing of restrictions, increased economic activities, and advancements in traffic systems.

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Weigh in Motion Market Scope and Methodology:

The study takes into account two crucial pieces of data: the descriptive and SWOT analyses. This report aims to provide extensive market statistics on the Weigh in Motion topic. Both surveys and questionnaires can be used to collect data. After it has been collected, it is analysed using numerical, statistical, and mathematical methods. Data collection and compilation are necessary steps in order to track changes in the market using both qualitative and quantitative research approaches.

Key Market Dynamics

Growing Traffic Congestion Drives Demand

Countries like the US, UK, Japan, and China have implemented WIM systems to mitigate traffic congestion at toll plazas. Innovations such as real-time analytics, radio frequency identification (RFID), and GPS integration enhance the efficiency of traffic monitoring systems.

Need for Standardized Technology

A lack of consistent global standards for WIM systems hinders interoperability and scalability. The industry is moving toward unified protocols to enable broader adoption and seamless integration.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐛𝐞𝐥𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/2308/

Mergers and Acquisitions in Leading Regions

Vietnam & Thailand: Investments in smart transportation systems fuel WIM adoption.
South Korea & Japan: Companies like Kyowa and Daelim continue to expand through strategic partnerships.
Europe: Market leaders like Kistler Group collaborate with EU governments for large-scale implementations.
US: Tech firms focus on AI-enhanced WIM systems, catering to expanding highway networks.

Consider Regional Insights from the Motion Market:

The weight-in-motion market is anticipated to be dominated by the European area between 2024 and 2030. By 2030, the European region is anticipated to have the biggest market share, accounting for xx%. In the 1990s, the European Commission launched the COST 323 project and the WAVE (Weigh in Motion of Axles and Vehicles for Europe) initiative [WAVE 2002, COST 2002]. WAVE has out field tests of different weigh-in-motion systems in cold climates to assess their performance and robustness. As part of COST 323, tests were carried out in Switzerland to assess the stability and efficacy of weigh-in-motion devices.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/2308/

Weigh in Motion Market Segmentation

by Type

Low-Speed
High-Speed

by Vehicle Speed

In-road
Bridge Weigh
Onboard

The market is divided into three segments based on vehicle speed: on-board, bridge weight, and in-road. The on-board weigh-in-motion system market is anticipated to expand at a compound annual growth rate (CAGR) from 2024 to 2030. Instead of the road surface, the vehicles themselves are outfitted with the on-board weigh-in-motion equipment. This technology makes it possible to transfer weight data for moving vehicles to a data storage system at any time. In terms of cost, maintenance needs, lack of infrastructure, and capacity to function at any vehicle speed, on-board weigh-in-motion systems are far more favorable than the other two varieties.

by Component

Hardware
Software & Services

by End-use Industry

Highway Toll
Oil & Refinery
Logistics
Other end use industries

The market is divided into Highway Toll, Oil & Refinery, Logistics, and Other End-use Industries based on the End-use Industry. By 2030, the Highway Toll sector is anticipated to have the biggest market share. Fast weigh-in-motion system devices are found on most highway tolls because they facilitate the identification of overweight vehicles without obstructing traffic flow. However, the markets for low-speed weigh-in motion systems are found in places like North America and Asia Pacific because of their low cost and regulatory issues. On the other hand, European highway tolls are equipped with high-speed Weigh-In-Motion System Markets because of the rise in freight traffic and the free flow of products among ECU countries. Weigh-in-motion system marketplaces are commonly used by highway tolls to detect overweight vehicles and alleviate traffic congestion.

by Function

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

Weigh in Motion Market Key Players

1. Q-Free
2. International Road Dynamics
3. Kapsch Trafficcom
4. Kistler
5. TE Connectivity
6. SWARCO
7. FLIR Systems
8. Siemens
9. Raytheon
10. Axis Communications
11. Cross Zlín
12. Efkon
13. Sensys Networks
14. Intercomp
15. Image Sensing Systems
16. SICK
17. LeddarTech
18. Transcore
19. Roadsys
20. Reno A&E

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Key questions answered in the Weigh in Motion Market are:

• What is Weigh in Motion?
• What is the growth rate of the Weigh in Motion Market?
• What are the upcoming opportunities and trends for the Weigh in Motion Market?
• What are the different segments of the Weigh in Motion Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Weigh in Motion Market?
• What segments are covered in the Weigh in Motion Market?

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size & Forecast by different segment
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis

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