Home > Reports > Asia Pacific Weigh in Motion System Market Trend, Growth to 2022-2030

Asia Pacific Weigh in Motion System Market

Asia Pacific Weigh in Motion System Market Share to Hit USD 542.48 Million by 2030 at CAGR of 11.75%

Published On : 03 Nov, 2022
Updated On : 08 Nov, 2022
Table of Content Download Sample

Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
11.75 %

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.

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). 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.

Get more information on this report Download Sample Report

Market Overview

Key Market Drivers

  • Growing Petroleum and Logistics Industry in the Region: End-use industries for Weigh in Motion Systems, such as oil and gas, highway tolls, and logistics, are rapidly growing in the Asia Pacific area. The Asian Oil and Gas industry is large, processing millions of litres of crude oil, and the demand for weigh-in-motion systems is entirely dependent on the growth of end-use businesses such as highway tolls, oil and refineries, and logistics. As a result, the expansion of these businesses will raise demand for WIM in the region.
  • Increasing Applications in Railways: Smart rolling stock and infrastructure management with a single system: the new Rail Weigh in Motion (WIM) system provides accurate and reliable weight measurements from wheel load to train weight – as well as a full range of additional traffic and train condition data based on integrated algorithms. Safety in Operations (derailment prevention, train weight verification, train spacing, speed monitoring, and bridge protection, among other things), Preventive Maintenance (infrastructure wear and tear, rolling stock condition monitoring), and Compliance are some of its applications (overload, wheel defects, incorrect weight declaration and incorrect train length) and this is expected to drive WIM market towards growth in Asian Pacific region having large rail network specifically in India and China.

Key Market Restraints

  • High Initial Investments: There is a high initial investment required to purchasing and installation of the Weigh in Motion System as compared to traditional weighing methods. The market for Weigh in Motion systems is projected to be hampered by high initial expenditures and stringent installation requirements for nonintrusive sensors in the Asian Pacific market.

Key Market Opportunities

  • Increased investment in smart cities: A smart city is a concept that combines data analysis and smart technologies to improve city function, operational efficiency, and economic growth. Thanks to a collection of big-data apps and methods, a city's data can be utilised to locate and staff police in high-risk areas. People are adopting innovative approaches to make life more productive, controllable, economical, integrated, sustainable, and efficient, leading in an increase in smart city investment. In recent years, many governments around the region have implemented smart city projects in order to boost economic growth. In the Asian Pacific region, transportation demand management (TDM) is a critical component of smart city and smart mobility development. The role of innovation is predicted to rise as ICTs are more utilised in urban community innovation. This new smart transportation technology has the potential to automate a variety of transportation procedures, which is expected to increase demand for weigh-in-motion in the coming years.

Segment Overview

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.

By sensor type, 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.

Regional Overview

Asia Pacific Weigh in Motion System Market

Countrywise Growth Insights Request Sample Pages

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.

Major Players

Some of the major players in the Asian Pacific Region (having significant market shares) are listed below:

  • Vishwakarma
  • Avery Weigh-Tronix
  • Ashbee
  • Eessae Digitronic
  • Camea

Recent Developments

  • In 2021, Vehico and The Kistler Group teamed up to develop a new line of sensor technology.
  • In 2021, Kistler introduced decreased outgassing cables for its titanium-housing piezoelectric accelerometers used in space testing.

Asia Pacific Weigh in Motion System Market Segmentation

By Vehicle Speed

  • Low-Speed
  • High-Speed

By Type

  • Weigh Bridge System
  • In-Road System
  • Onboard System

By End-Use Industry

  • Highway Toll
  • Logistics
  • Oil & Refinery
  • Others

By Component

  • Software & Services
  • Hardware

By Sensor Type

  • Piezoelectric Sensor
  • Bending Sensor
  • Inductive Loop
  • Infrared Sensor
  • Others

By Function

  • Weight-Based Toll Collection
  • Weight Enforcement
  • Traffic Data
  • Vehicle Profiling
  • Axle Counting

By Region

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
Price Starts From
$3250

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report

As featured on :