Global Weigh-In-Motion System Markets, 2022-2023 & 2027 with Avery Weigh-Tronix, Mettler Toledo, Kistler Instruments, International Road Dynamics, and Q-Free ASA Dominating

Dublin, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The "Global Weigh-In-Motion System Market by Weighing Technology (Bending Plate, Piezoelectric Sensor), End-use Industry, Component (Hardware, Software), Application, Installation Method, Vehicle Speed (Low, High), Sensors and Region - Global Forecast to 2027" report has been added to * ResearchAndMarkets.com's* offering.

The weigh-in-motion system market is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period.

Avery Weigh-Tronix (US), Mettler Toledo (US), Kistler Instruments AG (Switzerland), International Road Dynamics Inc. (Canada), and Q-Free ASA (Norway) are the leading manufacturers of the weigh-in-motion system in the global market.

To make transportation safe, more efficient, and sustainable, the governments of various countries, such as the US, China, Japan, and many European countries, have defined a roadmap for intelligent transportation infrastructure.

For instance, ITS Strategic Plan 2022-2026, started by the US Department of Transportation (USDOT), focuses on intelligent vehicles, intelligent infrastructure, and the creation of intelligent transportation systems (ITS).

In 2022, the US Department of Transportation's Federal Highway Administration (FHWA) awarded Advanced Transportation and Congestion Management Technologies Deployment (ATCMTD) grants worth USD 49.2 million to 10 projects using advanced ITS to improve mobility and safety and support vehicle connectivity.

It also awarded USD 18.4 million as a part of Bridge Planning grants to 23 projects to incorporate bridge safety measures such as overloaded vehicle alerts and others. The Virginia Department of Transportation (US) issued an order worth USD 135.9 million to construct a 6.24-mile long bypass for Route 29 in Charlottesville (US) and Albemarle County (US). It planned to install an ITS and traffic control devices on the 6.24-mile-long bypass.

To create a more effective transportation network, ITS applications combine the advantages of information, data processing, communication, and sensor technology. They then apply these technologies to vehicles, traffic infrastructure, and management software. By permitting real-time information and data flow, a WIM system enables intelligent utilization of the transportation infrastructure and vehicles currently in use.

The system gathers information using sensors set up inside or above the infrastructure. Recognizing overweight vehicles improves road safety, facilitates smooth traffic flow, and over time, reduces road wear. Consequently, it is anticipated that the WIM market would be driven throughout the forecast period by the rising demand for ITS around the world.

*Globally, the traffic data collection segment is expected to register the fastest growth during the forecast period.*

With the use of specialized imaging equipment, the traffic data gathering system offers real-time surveillance of certain circumstances and road regions, such as toll roads, bridges, and underpasses. The system gathers essential data on traffic mobility, aids in improving road safety, and provides users with information.

The data may also be used to schedule a timely repair, reduce total spending on road maintenance, and improve the state of the roads through predictive analysis of the wear of the infrastructure. As a result, it is anticipated that over the forecast period, the segment of traffic data collection would be the fastest growing in the weigh-in-motion market.

*Europe is estimated to have the highest demand for weigh-in motion systems.*

According to estimates, Europe will dominate the weigh-in-motion market system by value in 2022. With increasing expenditures by regional governments for transportation infrastructure development projects on national and international roads, the region is anticipated to be a key revenue pocket for the weigh-in-motion market.

Furthermore, the high-speed weigh-in-motion system, which costs 50-60% more than low-speed systems, dominates Europe. Additionally, the free trade agreements between the EU member states have a significant role in Europe's domination of the weigh-in-motion system market.

*Key Metrics*

*Report Attribute* *Details*
No. of Pages 268
Forecast Period 2022 - 2027
Estimated Market Value (USD) in 2022 $1.1 Billion
Forecasted Market Value (USD) by 2027 $1.8 Billion
Compound Annual Growth Rate 10.0%
Regions Covered Global

*Premium Insights*

· Increased Government Initiatives Toward Intelligent Transportation System
· Low-Speed Estimated to Account for Larger Market Share in 2022
· Other End-use Industries to be Fastest-Growing Segment During Forecast Period
· In-Road Segment to Acquire Maximum Share by 2027
· Hardware Segment to Lead Weigh-In-Motion System Market from 2022 to 2027
· Bending Plate Technology to Hold Highest Share During Forecast Period
· Traffic Data Collection Segment to Grow at Highest CAGR by 2027

*Market Dynamics*

Drivers

· Government Initiatives Toward Intelligent Transportation Systems & Increased Public-Private Partnerships
· Government Support for Intelligent Transportation System
· Increased Public-Private Partnership Models
· Road Safety Regulations for Highway and Bridge Infrastructure Protection
· Growing Traffic Congestion
· Low Cost Compared with Static Weigh Scale

Restraints

· Lack of Standardized and Uniform Technologies
· High Initial Cost of Setup and Downtime on Roads for Installation and Maintenance

Opportunities

· Investments in Smart City Projects
· Free Trade Agreements
· Onboard Weigh-In-Motion Systems

Challenges

· Data Fusion from Onboard Wim into Centralized Its/Tms
· Accuracy of Weigh-In-Motion Systems

Case Study Analysis

· Bridge Protection with Weigh-In-Motion System
· Protection and Enforcement of Teton Pass, Wyoming, Using Weigh-In-Motion System

*Company Profiles*

Key Players

· Avery Weigh-Tronix
· Mettler Toledo
· International Road Dynamics Inc.
· Q-Free Asa
· Kapsch Trafficcom
· Kistler Instruments AG
· General Electrodynamics Corporation
· Efkon GmbH
· Ashbee Systems
· Camea
· Essae Digitronics
· Axle Weight Technology Ltd. (Axtec)
· Betamont Ltd.
· TE Connectivity Ltd.

Other Players

· Cardinal Scale Mfg.
· Celtronic Automation Pvt. Ltd.
· Cross Zlin
· Intercomp
· Kemek Engineering
· Roadsys
· Sensys Networks Inc.
· Swarco AG
· Technoweigh India
· Traffic Data Systems GmbH
· Captels SA
· Cestel D.O.O.
· Electronique ContraLe Mesure (Ecm)
· Vanjee Technology InformationFor more information about this report visit https://www.researchandmarkets.com/r/rf5fjq-weigh-in?w=12

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*Attachment*

· Global Weigh-In-Motion System Market

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