The Asia Pacific Weigh in Motion System Market size is expected to reach a valuation of USD 542.48 million by 2030, growing at a CAGR of 11.75% during the forecast period (2022–2030).
Over the projected period (2022–2030), the market for Weigh in Motion Systems is expected to develop at a CAGR of 9%. The weigh-in-motion system is made up of software and hardware components that are used to calculate and record the weight of moving vehicles. To gather trustworthy axle weight information from moving cars, road traffic administrators and regulators, bridge builders, control agencies, and research organisations used weigh-in-motion systems. PR Clyde Lee invented weigh-in-motion in Texas in 1950. The Weigh in Motion method is used to determine vehicle characteristics such as gross vehicle weight (GVW), speed, axle weight, and axle spacing. It helps to improve traffic safety, minimise the risk of accidents, and avoid road surface degradation. Weight-based toll collection is also done with the Weigh in Motion system. Over the projection period, demand for Weigh in Motion systems is expected to rise due to rising commercial transportation requirements.
In Asia-Pacific, the market for weigh-in-motion systems is predicted to grow with the highest CAGR during the forecasted period. This is mostly due to these countries’ massive urbanisation, growing populations, and strong economic growth.
Vehicle speed, type, end-use industry, component, sensor type, and application are used to categorise the Asia Pacific weigh in motion system market share.
Low-speed weigh-in-motion systems are the major shareholder in the region's weigh-in-motion system market, based on vehicle speed. Low-speed weigh-ins are commonly employed to collect axle weights on the spot in order to assure highway compliance. There are various advantages to this technology, including decreased purchase and maintenance expenses. Low-speed weigh-in-motion is also used in a variety of industries, including agriculture, logistics, mining, and others, all of which are projected to see increased demand in the near future.
Weigh bridge systems, inroad systems, and onboard systems are the three types of weigh-in-motion systems available on the market. In 2021, Weigh Bridge has the biggest market share. These frameworks can be automated and are applicable to all businesses, from waste management to development, resulting in lower operational costs and more work proficiency. The usage of IoT with weigh bridges provides a variety of benefits, including a fully automated system that allows a vehicle driver to determine weight without assistance. The benefits of IoT integration include secure vehicle identification, real-time data monitoring, and autonomous traffic control signals that govern traffic flow. The market is growing as a result of these developments in the weighbridge system.
Highway toll has the largest market share and earns the greatest revenue of any end-use industry. The necessity to identify overweight cars at toll plazas is the primary driver of demand for weigh-in-motion in the highway toll industry.
The most prominent market contributors for this component are software and services. With a CAGR of 9%, this sector is expected to generate USD 1201 million by 2030.
the piezoelectric sensor has the largest market share and is rapidly expanding. Piezoelectric sensors are more compact and have a simpler design than other technologies. Other benefits include a greater measuring range and a deeper road installation depth. Due to its advantages over other sensors, piezoelectric sensors are becoming more widespread in weigh-in-motion applications all over the world.
The greatest market holder is application-based weight-based toll collecting. The factors driving the weigh-in-motion for weight-based toll collection include an instant check for road-legal weight, a fully automated weighing process, a large number of vehicles weighing without disrupting traffic, daily reporting measures of vehicle productivity, automatic data collection and storage of the vehicle, and axle weight, gross weight, and axle count record.
By 2030, the Asia Pacific Weigh in Motion System Market is anticipated to be worth USD 542.48 million, with a CAGR of 11.75 percent over the forecast period (2022–2030). During the estimated period, the market for weigh-in-motion systems in Asia-Pacific is expected to develop at the fastest rate. This is mostly due to the increasing urbanisation, growing populations, and significant economic growth of these countries.
China has the major market in this region, with a revenue of USD 83 million in 2021. Large railway network of China is one of the reasons for the success of Weigh in Motion Systems in China. The need for weigh-in-motion systems in the country has increased as a result of increasing traffic congestion and expanding public-private partnerships to ensure sustainable, safe, and efficient transportation networks.
Increasing investments in smart traffic management, intelligent transportation systems, and smart cities are expected to propel the market for Weigh in Motion systems in India to be the fastest expanding market over the anticipated period. Large logistics sector and increasing number of highway tolls in India are contributing to the growth of WIM systems in India.
The road network in Australia is roughly 810,000 kilometres long, with 290,000 kilometres being sealed. The National Highway system, which is on the order of 18,500 kilometres in length, is managed by State and Local Government Agencies, with the Federal Government having direct responsibility for it. Demand for these WIM systems in Australia have increased significantly, as Australian road managers require a vehicle data system to provide information that will enable them to manage the road network in the most cost-effective and efficient manner.
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