Global Weighing In Motion Devices Market Size By Type (In-road, Bridge Weigh), By Vehicle Speed (High Speed, Low Speed), By Geographic Scope And Forecast
Report ID: 38373|No. of Pages: 202
Global Weighing In Motion Devices Market Size By Type (In-road, Bridge Weigh), By Vehicle Speed (High Speed, Low Speed), By Geographic Scope And Forecast
Weighing In Motion Devices Market Size And Forecast
Weighing In Motion Devices Market size was valued at USD 1.16 Billion in 2022 and is projected to reach USD 2.24 Billion by 2030, growing at a CAGR of 8.32% from 2024 to 2030.
The Weighing In Motion Devices Market is observing huge growth owing to the growing government initiatives and transfer in focus towards the intelligent transportation system. In addition, the growing collaboration in public-private models is another factor driving the growth of the market. Furthermore, the increases in the congestion of traffic and cost effectivity are some other factors forcing a positive outlook on the growth of the market. The Global Weighing In Motion Devices Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Weighing In Motion Devices Market Definition
The Weighing In Motion Devices is a set of software and devices which is utilized for estimation and recording the heaviness of moving vehicles. Street traffic organizations, connect architects, control offices, research associations can get gross weight data and dependable hub weight data from moving vehicles utilizing a Weigh in Motion System.
The essential utilization of Weigh In Motion framework is for deciding vehicle attributes, for example, net vehicle weight (GVW), speed, hub weight, pivot separating. It helps in improving street wellbeing, lessening mishap hazards, and forestalling street surface harms. The Weighing In Motion Devices is additionally utilized for weight-based cost assortment. Because of expanding business transportation prerequisites, the interest for Weigh in Motion system is relied upon to heighten in the forecast period.
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Global Weighing In Motion Devices Market Overview
The advantages of Weigh in Motion system comprise providing road safety, overload vehicles detection, road management, cost reduction, traffic monitoring, and analysis. The Weighing In Motion Devices permits the local authorities and transportation departments to plan systematically by assuring that the roads are kept safe with constant monitoring, recording, and law enforcing techniques. The Weighing In Motion Devices has applicability in rail transport also. Some of those applications are maintenance planning, imbalance, and overloading monitoring, legislation, and regulation, etc. These are the factors anticipated to drive the growth in the Weighing In Motion Devices Market.
There are certain restrictions and limitations encountered that will restrain the market growth. The factors such as high initial investments and restrictive installation stipulations of nonintrusive sensors requirement are the potential restraints hampering the overall growth of the Global Weighing In Motion Devices Market. Nevertheless, with technological advancements, the manufacturers are converging on developments to deliver a maximum share in the Global Weighing In Motion Devices Market. Fiber optics sensor, strain gauge sensor, and fiber Bragg grating sensor-based Weigh in Motion system are being generated for enhanced performance. This will grant lucrative growth opportunities throughout the forecast period.
Global Weighing In Motion Devices Market: Segmentation Analysis
The Global Weighing In Motion Devices Market is Segmented on the basis of Type, Vehicle Speed, And Geography.
Weighing In Motion Devices Market, By Type
- In-road
- Bridge Weigh
- Onboard
Based on Type, the market is segmented into In-Road, Bridge Weigh and Onboard. The onboard Weighing In Motion Devices segment is estimated to witness the highest CAGR during the forecast period. The onboard weigh-in-motion methods are implemented to the vehicles rather than to the road. This system is proficient in transferring vehicle weight data at any point in time from a moving vehicle to the data storage system.
Weighing In Motion Devices Market, By Vehicle Speed
- High Speed
- Low Speed
Based on Vehicle Speed, the market is segmented into Low Speed, High Speed. The low-speed segment holds the largest market share during the forecast period. The factors that can be attributed to the adherence to speed limit by most commercial vehicles and trucks on highways and open roads are fueling the demand for this segment.
Weighing In Motion Devices Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the Global Weighing In Motion Devices Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Europe holds the largest market share. In Europe, weigh-in-motion sensing technologies have been widely applied in various applications such as bridges, pavements, and railways. This will boost the market in the European region.
Key Players
The “Global Weighing In Motion Devices Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Q-Free, Kistler, TransCore (Roper Technologies), Avery Weigh-Tronix, Kapsch TrafficCom, METTLER TOLEDO, TE Connectivity, International Road Dynamics, Axis Communications, and EFKON.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
- February 2022: The Weigh In Motion system KiTraffic Digital by Kistler, was presented to the wider public for the first time. The system has recently been awarded the OIML certificate for accuracy class F5, which makes it the most accurate Weigh In Motion system on the market. Furthermore, Kistler will present its solutions for speed enforcement and the modular KiTraffic Plus system – an open platform for traffic data collection and enforcement that can be flexibly adapted to customers’ needs.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Weighing In Motion Devices Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Weighing In Motion Devices Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Q-Free, Kistler, TransCore (Roper Technologies), Avery Weigh-Tronix, Kapsch TrafficCom, METTLER TOLEDO, TE Connectivity |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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