The weigh-in-motion system market is estimated to be USD 858 million in 2020 and is projected to reach USD 1730 million by 2027, at a CAGR of 10.5 %. A weigh in motion (WIM) system is a set of devices and software that measures and records the weight of vehicles that are passing by. It enables road traffic public administrators, control agencies, research organizations and bridge designers, among others, to obtain reliable axle weight and the gross weight information from any moving or static vehicle.
Weigh in motion systems is primarily used to determine vehicle characteristics, including gross vehicle weight (GVW), axle weight, speed, and axle spacing. Heavy duty vehicles affect the infrastructure in many ways. Overloaded heavy-duty vehicles can cause damage to the roadways. Weigh in motion system helps in preventing overloaded vehicles from accessing the roads so as to reduce the wear and tear of the roads. Motorways with rising heavy duty vehicle traffic are more prone to damages than other roadways.
These needs repairing sooner than the other types of road due to unprecedented and accelerated traffic flows. Weigh in motion system helps the local authorities and transportation departments to budget and plan efficiently by ensuring that the roads are kept safe with constant recording, monitoring, and law enforcing techniques.
Weigh in motion system determines the wheel load accurately and ensures that an overloaded vehicle is taken off the road or sent to enforcement or weighbridge so as to protect the surface and substructure of the roads. These factors are projected to drive the global weigh in motion systems market. However, high implementation cost is likely to restrict a quick adoption.
Technological advancements in weigh-in-motion systems are expected to significantly boost the weigh in motion systems market share over the projected timeframe. For instance, in 2014, Applied Traffic launched its portable WIM weighbridge, with the capability to be fitted in vehicles. Additionally, the system includes Bluetooth technologies with the ability to weigh up to 16 axles at any one time of around 30t per axle.
The complex internal mechanism of the weigh in motion systems along with susceptibility to damage from electromagnetic transients may hamper the weigh in motion systems market share over the projected timeframe. Additionally, the reduced information interpreted by such systems including model year, fuel type, and state registry among others may further limit its usage. However, the incorporation of advanced sensors and software are playing a major role in minimizing the system shortcomings and expand the industry share.
Some of the key players in the weigh-in-motion system market are 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).
The Asia Pacific WIM system market is estimated to be the fastest growing market because of increasing investments in intelligent transportation system, smart traffic management, and smart cities, especially in China and India. Moreover, increasing vehicle sales and increasing import/export in the region are also expected to drive the market for weigh-in-motion system. Presently, the low-speed weigh-in-motion system dominates the Asia Pacific market. However, by the end of 2027, a high-speed WIM system is expected to have a decent market share. A high-speed system offers various advantages and helps reduce traffic congestion.
Report : Weigh-In-Motion System Market - By System Type (In-road, Bridge Weigh, Onboard), By Component (Hardware, Software & Services), By End Use Industry (Highway Toll, Oil & Refinery, Logistics, Others) And By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, opportunity and Forecast 2020 To 2027