Market Size

The global weigh-in-motion system market size was valued at USD 880 million in 2020 and is estimated to reach a value of USD 1,851 million in 2027. The weigh-in-motion system market analysis shows that it will grow with a CAGR of 11.1% over the forecast period of 2021 to 2027.

Market Driver

When a vehicle is in motion, a weigh-in-motion (WIM) device collects and records data such as vehicle speed, vehicle weight, vehicle class, vehicle length, and the number of axles and weight per axle. Weigh-in-motion scales have a number of advantages over conventional static scales, including reduced operating time, maintenance, and expense. When vehicles must stop or become stationary to determine vehicle weight, it also allows for a smooth flow of traffic. Weigh-in-motion has progressed into a useful method for ITS. Individual vehicle records of traffic information are generated by the WIM system, which include timestamp, lane number, axle load, speed, vehicle model, and axle spacing. Pavement analysis and design, overweight compliance, traffic data analysis and reporting, traffic monitoring and freight prediction are just a few of the applications that make use of this accurate traffic data.

Market Opportunity

Onboard WIM systems are mounted on vehicles rather than on the road, and they enable weight data to be transferred from a moving vehicle at any time. Since the onboard system is installed in the cars, it has lower costs and needs less maintenance than other weight in motion systems. It also removes the need for infrastructure installation. For example, depending on the accuracy, a low-speed weight in motion system costs around USD 24,000 to USD 30,000, while the hardware of an onboard weight in motion system costs around USD 1,000 to USD 1,300 per truck.

Segment Outlook

Based on type, the market is segmented into bridge weigh, in-road and onboard. The onboard weigh-in-motion systems segment is anticipated to have a highest growth rate over the projection period. By vehicle speed, segmentations are low and high. Further, based on the Component the market is classified into hardware and software & services. Depending on the end user the market is categorized into oil & refinery, logistics, and highway toll.

Regional Outlook

The weigh-in-motion system market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for weigh-in-motion system by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for weigh-in-motion system is segmented by region and then by country and segment. Europe is estimated to be the largest share in the weigh-in-motion system market during the forecast period. In the Europe region, weigh-in-motion sensing technologies have been generally applied in numerous applications comprising bridges, pavements, and railways.

Company Profile Outlook

Key companies profiled in this market are Q-Free ASA (Norway), Kapsch TrafficCom (Austria), METTLER TOLEDO (US), TE Connectivity (Switzerland), Kistler Group (Switzerland), Microsoft Corporation (US), General Electrodynamics Corporation (US), EFKON GmbH (Austria), Raytheon Company (US), and Avery Weigh-Tronix (US). However, we have also considered other companies for detailed primary interviews.

Research Methodology

Weigh-in-motion system market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Weigh-in-motion system Market Size and Outlook by Type

• Bridge Weigh
• In-Road
• Onboard

Weigh-in-motion system Market Size and Outlook by Vehicle Speed

• Low
• High

Weigh-in-motion system Market Size and Outlook by Component

• Hardware
• Software & Services

Weigh-in-motion system Market Size and Outlook by End User

• Oil & Refinery
• Logistics
• Highway Toll

Weigh-in-motion system Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• Kapsch TrafficCom (Austria)
• Q-Free ASA (Norway)
• METTLER TOLEDO (US)
• TE Connectivity (Switzerland)
• Kistler Group (Switzerland)
• Microsoft Corporation (US)
• General Electrodynamics Corporation (US)
• EFKON GmbH (Austria)
• Raytheon Company (US)
• Avery Weigh-Tronix (US)

Actionable Outcomes

Our Weigh-in-motion system Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Weigh-in-motion system market size
• Weigh-in-motion system market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Weigh-in-motion system market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Weigh-in-motion system market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Weigh-in-motion system market share
• Measures to consider for Weigh-in-motion system market