Weigh-In-Motion System Market by Component, Technology, Vehicle Speed, Installation, Function, End User

List of Tables

[192 Pages Report] The Weigh-In-Motion System Market size was estimated at USD 1.27 billion in 2023 and expected to reach USD 1.40 billion in 2024, at a CAGR 11.14% to reach USD 2.67 billion by 2030.

The growing trade and eCommerce activities worldwide have increased the road freight traffic, eventually raising the number of overloaded trucks in transit. Overloaded vehicles pose a real threat to road safety and significantly contribute to road surface degradation, particularly on highways and bridges. Weigh-In-Motion (WIM) technology has emerged as a viable solution for traffic monitoring, weight enforcement, and weight-based tolling of overloaded road freight. Government inclination toward traffic management systems, automated license plate recognition (ALPR), and the adoption of WIM wireless systems for sustainable railway transport have further expanded the product's popularity among various end-users. However, concerns associated with system effectiveness and accuracy and strict standards for WIM systems limit the development of weigh-in-motion systems. The rise of intelligent weigh-in-motion systems, advancements in strip sensors, and surging investments in smart city development is expected to create new opportunities for utilizing WIM systems.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.27 billion
Estimated Year [2024]	USD 1.40 billion
Forecast Year [2030]	USD 2.67 billion
CAGR (%)	11.14%

Component: Rising adoption of advanced software solutions for real-time data analysis and traffic management

The hardware component of a weigh-in motion (WIM) system includes load cells, sensors embedded in the road's surface, and other measurement devices. These devices are engineered to withstand constant traffic and environmental factors, providing accurate vehicle weight measurements without interrupting traffic flow. Software and services are crucial components in the WIM system's data processing and analysis capabilities. The software interprets data collected by the hardware, such as vehicle weight, speed, and axle configuration, providing insights for traffic management, road maintenance, and law enforcement. Additionally, services may include system installation, maintenance, data management, and analysis, supporting the optimal performance and accuracy of the WIM system.

Function: Growing significance of axle counting and traffic data collection for vehicle profiling

Axle counting precisely records the number of axles on a vehicle as it passes. This data is critical for structural analysis of roads and bridges, ensuring they can accommodate various vehicle types. Traffic data collection in weigh-in-motion systems offers valuable insights into traffic patterns by continuously gathering data on vehicle flows, speeds, and types, which aids in traffic management and infrastructure planning. Vehicle profiling in weigh-in-motion systems categorizes vehicles based on weight, size, and type. This profiling is instrumental in assessing road usage and wear, facilitating tailored maintenance and upgrade strategies. Weight enforcement systems serve a critical role in enforcing legal weight limits by identifying overweight vehicles in real-time, allowing authorities to take immediate action, mitigating road damage, and enhancing safety. Leveraging the weight-based toll collection, WIM systems enable the calculation of tolls based on the vehicle's weight. This approach ensures a fair charging model, reflecting the impact of various vehicle weights on road infrastructure.

Regional Insights

The Asia-Pacific and European regions witness an increasing growth in the use of WIM systems across highways and roadways, primarily considering the increasing eCommerce activities. Researchers in the region are constantly working on introducing new studies regarding the use of IoT and AI in WIM and are creating a hallway for startups to enter the arena. The Americas has a more developed landscape for the WIM market, considering the presence of well-established regional players currently focused on partnerships with state authorities to expand product commercialization. The U.S., Canada, China, Germany, and the UK occupy some of the largest WIM manufacturing companies. European Commission invested in several projects developing WIM systems in the 1990s and is currently focused on their deployment across countries, following the regulations and guidelines of the governments. Moreover, highway administrations and industrial authorities are providing standards regarding WIM to ensure their quality and accuracy.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Weigh-In-Motion System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Weigh-In-Motion System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Weigh-In-Motion System Market, highlighting leading vendors and their innovative profiles. These include Aditya Technologies, Althen Sensor, Ashbee Systems Ltd., Avery Weigh-Tronix, LLC, Blickfeld GmbH, CAMEA, spol. s r.o., Cardinal Scale Manufacturing Company, Chengdu Enviko Technology Co., Ltd., CROSS Zlin, a.s., Diversco, EFKON GmbH, Essae Digitronics (P) Ltd., General Electrodynamics Corporation, Imagic Solution, Intercomp Company, International Road Dynamics Inc., Kapsch TrafficCom AG, Kemek Ltd., Kistler Instrumente AG, Marsden Weighing Machine Group Limited, Matrix Weighing Systems Pvt. Ltd., Mettler-Toledo International Inc., Mosas Group, Oriux, OSMOS Group SA, Precision Weighing Systems, Q-Free ASA, S.A.Technology Co., Ltd., SEA Company, SICK AG, SWARCO AG, TagMaster, Tamtron Oy and Tamtron Systems Oy, TE Connectivity Ltd., Traffic Data Systems GmbH, TrainWeigh Weighing Systems, Trakblaze Pty Ltd., TransCore, Tunaylar Baskul Sanayi ve Ticaret A.S., UDNS Co. Ltd., and Weigh-More Solutions Pty Ltd..

Market Segmentation & Coverage

This research report categorizes the Weigh-In-Motion System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Hardware
- Software & Services

Technology
- Bending Plate
- Load Cell
- Piezoelectric Sensor
- Strain Gauge Strip

Vehicle Speed
- High Speed (>15 km/hr)
- Low Speed
Installation
- Onboard System
- Pavement/In-road System
- Weighbridge System

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

End User
- Agriculture
- Aviation
- Oil & Refinery
- Ports & Logistic Hubs
- Process Industries
- Railways
- Roadways

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Weigh-In-Motion System Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Weigh-In-Motion System Market?

3. What are the technology trends and regulatory frameworks in the Weigh-In-Motion System Market?

4. What is the market share of the leading vendors in the Weigh-In-Motion System Market?

5. Which modes and strategic moves are suitable for entering the Weigh-In-Motion System Market?

Product Code: MRR-FD3F12D53343

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Exponential rise in road freight traffic and need for highway and bridge infrastructure protection
  - 5.1.1.2. Government inclination toward traffic management systems and automated license plate recognition
- 5.1.2. Restraints
  - 5.1.2.1. Limitations associated with the system effectiveness and accuracy
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of intelligent weigh-in-motion systems and advancements in strip sensors
  - 5.1.3.2. Growing public and private investments in smart city development
- 5.1.4. Challenges
  - 5.1.4.1. Stringent standards and requirements for weigh-in-motion systems
5.2. Market Segmentation Analysis
- 5.2.1. Component: Rising adoption of advanced software solutions for real-time data analysis and traffic management
- 5.2.2. Function: Growing significance of axle counting and traffic data collection for vehicle profiling
5.3. Market Trend Analysis
- 5.3.1. Growing demand for weigh-in-motion system with improving supply chain networks in Americas
- 5.3.2. Increasing trade activities and a need for effective weight enforcement and infrastructure protection in the Asia-Pacific region
- 5.3.3. Considerable deployment and commercialization of advanced weigh-in-motion systems across EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Weigh-In-Motion System Market, by Component

6.1. Introduction
6.2. Hardware
6.3. Software & Services

7. Weigh-In-Motion System Market, by Technology

7.1. Introduction
7.2. Bending Plate
7.3. Load Cell
7.4. Piezoelectric Sensor
7.5. Strain Gauge Strip

8. Weigh-In-Motion System Market, by Vehicle Speed

8.1. Introduction
8.2. High Speed (>15 km/hr)
8.3. Low Speed (<15 Km/hr)

9. Weigh-In-Motion System Market, by Installation

9.1. Introduction
9.2. Onboard System
9.3. Pavement/In-road System
9.4. Weighbridge System

10. Weigh-In-Motion System Market, by Function

10.1. Introduction
10.2. Axle Counting
10.3. Traffic Data Collection
10.4. Vehicle Profiling
10.5. Weight Enforcement
10.6. Weight-Based Toll Collection

11. Weigh-In-Motion System Market, by End User

11.1. Introduction
11.2. Agriculture
11.3. Aviation
11.4. Oil & Refinery
11.5. Ports & Logistic Hubs
11.6. Process Industries
11.7. Railways
11.8. Roadways

12. Americas Weigh-In-Motion System Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Weigh-In-Motion System Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Weigh-In-Motion System Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Q-Free Extends Software as a Service Advantages to Entire Kinetic Mobility Platform
- 15.3.2. IRD Announces USD 1.9 Million Virtual Weigh-In-Motion Contract in Indiana
- 15.3.3. TransCore modernizes multi-modal travel on four international bridges between U.S. and Mexico
- 15.3.4. IRD Announces USD 2.2 Million Weigh Station Contract from the State of Idaho
- 15.3.5. IRD Awarded USD 1.2 Million Weigh-In-Motion Project for Illinois Tollway
- 15.3.6. ST Engineering Completes Acquisition of TransCore
- 15.3.7. Kistler presents Weigh In Motion system at Intertraffic 2022

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio