The market for Weigh in Motion Systems is estimated to grow at a CAGR of 9% over the forecast period (2022–2030). The weigh-in-motion system consists of software and hardware components for measuring and recording the weight of moving vehicles. Weigh-in-motion devices were used by road traffic administrators and regulators, bridge builders, control agencies, and research organisations to obtain reliable axle weight information from moving cars. PR In 1950, Clyde Lee pioneered weigh-in-motion in Texas. Vehicle variables such as gross vehicle weight (GVW), speed, axle weight, and axle spacing are all determined using the Weigh in Motion method. It contributes to improved roadway safety, reduced accident risk, and the prevention of road surface degradation. The Weigh in Motion technology is also used for weight-based toll collection. Due to expanding commercial transportation requirements, demand for Weigh in Motion systems is expected to increase over the forecast period.
The European Weigh in Motion System Market size is expected to reach a valuation of USD 597.46 million by 2030, growing at a CAGR of 6.46% during the forecast period (2022–2030). Europe is expected to have the highest share of the market. The government's proactive steps to decrease problems such as road wear and tear, maintain road safety, reduce traffic congestion, and so on are a vital element in the market's growth in the Europe region.
Study Period | 2018-2030 | CAGR | 6.46% |
Historical Period | 2018-2020 | Forecast Period | 2022-2030 |
Base Year | 2021 | Base Year Market Size | USD XX Billion |
Forecast Year | 2030 | Forecast Year Market Size | USD 597.46 Million |
By 2030, the Europe Weigh in Motion System Market is estimated to be worth USD 597.46 million, with a compound annual growth rate (CAGR) of 6.46 percent over the forecast period (2022–2030). Europe is predicted to have the largest market share. The government's proactive measures to address issues like road wear and tear, maintain road safety, reduce traffic congestion, and so on are critical to the market's growth in Europe.
Countries such as the United Kingdom, France, and Germany are taking strident steps to establish weigh-in-motion systems within their borders by enacting tight rules and regulations. Weigh-in-motion detection systems have been widely used throughout Europe in a variety of applications, including rail lines, pavement, and bridges.
With increasing investments by territorial governments for transportation infrastructure upgrade projects on public and international highways, demand for weigh-in-motion is likely to rise in Germany. In comparison to other nations, Germany is the largest contributor to the market, with a value of USD 107 million in 2021.
The European Commission launched the WAVE (Weigh in Motion of Axles and Vehicles for Europe) and COST 323 projects in the 1990s [WAVE 2002, COST 2002]. WAVE conducted field tests of numerous weigh-in-motion systems in cold climates to rank the systems' longevity and performance. In Switzerland, COST 323 conducted testing to examine the capabilities and stability of weigh-in-motion devices.
Weigh-in-motion sensing systems have been widely used in numerous applications in the United Kingdom, including pavements, bridges, and trains.
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The Europe weigh in motion system market share is classified based on vehicle speed, type, end-use industry, component, sensor type, and application.
Based on vehicle speed, the low-speed weigh-in-motion system is the largest shareholder in the region's weigh-in-motion system market. Low-speed weigh-ins are generally used to collect axle weights on the spot to ensure over-the-road compliance. This technology has several advantages, including lower purchase and maintenance costs. Low-speed weigh-in-motion is also employed in a number of industries, including agriculture, logistics, mining, and others, all of which are expected to see an increase in demand.
There are three types of weigh-in-motion systems on the market: weigh bridge systems, inroad systems, and onboard systems. Weigh Bridge has the largest market share in 2021. These frameworks can be automated and are relevant to all enterprises, from waste management to development, with decreased operational expenses and increased work proficiency as a result. The use of IoT with weigh bridges has a number of advantages, including a fully automated system that allows a vehicle driver to make weight measurements without help. Secure vehicle identification, real-time data monitoring, and automatic traffic control signals that regulate traffic flow are all advantages of IoT integration. As a result of these advancements in the weighbridge system, the market is expanding.
By end-use industry, highway toll has the biggest market share and generates the most revenue. The key driver of demand for weigh-in-motion in the highway toll sector is the need to identify overloaded cars at toll plazas.
Software and services are the most important market contributors for this component. This category is estimated to generate USD 1201 million by 2030, with a CAGR of 9%.
The piezoelectric sensor has the greatest market share by sensor type, and it's growing at a rapid pace. Compared to other technologies, piezoelectric sensors are more compact and have a simpler design. A deeper road installation depth and a greater measuring range are other advantages. Piezoelectric sensors are becoming more common in weigh-in-motion applications all around the world as a result of their advantages over other sensors.
Application-based weight-based toll collection is the largest market holder. Instant check for road-legal weight, fully automated weighing process, 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 are the factors driving the weigh-in-motion for weight-based toll collection.
The automotive industry is critical to the economy's growth. However, during the second and third quarters of 2020, the COVID-19 outbreak impacted the whole automotive supply chain, affecting new car sales in FY 2020.
South America is most affected by COVID-19, with Brazil leading the way, followed by Ecuador, Chile, Peru, and Argentina. South America's government (SAM) has taken a number of steps to protect its citizens and stem the spread of COVID-19. South America is expected to have fewer export revenues as commodity prices fall and export volumes fall, particularly to China, Europe, and the United States, which are all significant trading partners. The manufacturing industry, especially automotive manufacturing, has been damaged by containment measures in various South American countries. Due to the pandemic, major automotive manufacturers have also temporarily halted manufacturing in the region as a cost-cutting move. Furthermore, the automobile disc brake industry has been significantly affected in 2020 due to a lack of raw materials and supply chain disruption.
The Automotive Brake System control module of a vehicle is meant to alert the driver with a warning light if the system fails. The module itself is rarely defective; instead, the sensors or the wiring to the sensors are frequently defective. The most typical cause of dysfunction is when the Automotive Brake System is contaminated with particles or metal shavings. There is no signal continuity when sensor wiring is destroyed. Brake fluid becomes contaminated in corrosive situations, and the hydraulic unit fails to function.