The global weigh-in-motion system market size was valued at USD 935 million in 2021 and is anticipated to generate USD 2054 million by 2030. The market is projected to grow at a CAGR of 9% during the forecast period (2022–2030). The weigh-in-motion system contains software and hardware devices used for the measurement and recording of the weight of moving vehicles. To obtain gross weight information and reliable axle weight information from moving vehicles, road traffic administrators and regulators, bridge designers, control agencies, and research organizations used such systems using a weigh-in-motion System. Weigh-in-motion was invented in Texas by PR Clyde Lee in 1950.
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The majority of the cities on global scale are leaning toward the excessive adoption of intelligent mobility solutions, which is a primary driving force motivating various governing bodies to take initiatives toward intelligent transportation systems. For instance, The Roads and Transport Authority (RTA) of Dubai has proclaimed another brilliant transport system 2017–2021 recently, which intends to make 25% of the city's excursions via autonomous vehicles by 2030. The drive additionally means to execute 34 activities going from self-driving transports and robots to taxicabs, just as different assignments like the development of data kiosks and walker crossings. The demand for weight in motion systems in intelligent transportation is increasing owing to their application in smart transportation. For example, the bridge weigh-in-motion (WIM) framework utilizes bridge structures as gauge scales to quantify pivot and gross vehicle loads and vehicle setups without interrupting the traffic.
On-road vehicles are increasing day by day, and the issues of traffic congestion are becoming unavoidable and less manageable around the world. This rising traffic issue has mostly affected the operation of the toll plaza since it increases the time of processing vehicles with such massive traffic. Weigh-in-motion (WIM) allows the control of vehicle loads without interruption of traffic. The weigh-in system contributes to primary savings by traffic monitoring and controlling the number of overloaded vehicles on the road. Overloaded vehicles pose several issues to urban traffic as they affect urban transport policies and regulations and highway traffic. One of the major problems with the overloaded vehicle is massive wear and tear on roadways, which ultimately makes it risky for other travelers to use. The urban transport policies affect the city's policy of restricting heavy goods transporters in specified areas of the city. To cater to these problems of heavy vehicles without interrupting the road traffic, demand for weigh-in-motion is increasing.
In traffic control technologies like weigh-in-motion systems, there is a lack of standardization and uniformity. The weigh-in-motion device is made of various kinds of hardware and software components from multiple vendors. Further, the specifications of sensors, processors, and other equipment range across companies and are not compatible with each underlying platform. Also, various countries and regions have exceptional community requirements and some protocols that restrict solution vendors from imparting their services across the globe.
Due to lack of standardization, it becomes very tedious to replace the component of the weigh-in-motion system in the aftermarket. As a result, the lack of mandates, specifications, and processes for the deployment of a weigh-in-motion gadget is restraining the demand for a weigh-in-motion system.
Data fusing is the craft of combining data from numerous sources to make complex models and offers critical expected advantages for a scope of businesses. This is the main issue in numerous spaces as one attempts to bootstrap a data economy. The aim of weighing estimation is the quantitative assurance of the vehicle's static pivot burdens and gross weight. This gives an idea of combination measures in WIM frameworks with various levels of intricacy: from the easiest, outfitted with just two burden sensors, to the most intricate ones, including a majority of sensors of different actual amounts. The reliance of the system on this data fusion affects the accuracy, therefore, acting as a restraining factor to the demand for weigh-in-motion system market growth.
Smart City is the concept used to optimize city function, enhance operational efficiency, and improve economic growth using data analysis and smart technology. Compilation of big-data applications and procedures furnishes a city with data to recognize and staff police in high-risk areas. People are adopting innovative solutions to make life more productive, controllable, economical, integrated, sustainable, and efficient, which is increasing the investment in smart cities.
In recent years, many governments of different countries have been adopting smart city projects to boost economic growth. Transportation demand management (TDM) is a critical part of the development of smart city techniques and smart mobility across the globe. The part of innovation is relied upon to increment as ICTs keep on being used in urban community novelty. This emerging smart transportation provides lucrative opportunities for automation of various processes in transportation, which is expected to increase the demand for weigh-in-motion in upcoming years.
On-board weigh-in-motion systems are installed in the vehicles instead of fitting in the street and permit the weight information to be moved at any time from a moving automobile. As these frameworks are installed in the automobile, it offers minimal expense and upkeep benefits over other WIM frameworks, such as no need to install heavy infrastructure. The on-board weigh-in-motion system decreases the hardware cost when installed at the time of goods carrier production.
This trend of installing trucks and other heavy vehicles is being adopted all over the world. One such example is Australia, as it was the first country to adopt on-board WIM systems. The road compliance management in Australia after adoption led to enhanced productivity, safety and efficiency. Hence, this rising trend of adopting on-board weigh-in-motion is most likely to create new opportunities for prominent market players.
The pandemic's trajectory is unpredictable, putting policymakers around the world in a difficult position to rebuild the entire economy, including commerce and travel, all while preventing a new wave of infections. Lockdown and sanctions have been reassigned in many countries as a result of a sudden increase in cases around the world.
A large number of corporates announced layoffs and put their operation in various countries. Production line terminations, store network interruption, and decreasing interest have caused significant damage. Thus, some automobile sellers will close perpetually, causing the floor plan loaning business sector to contract. The transport industry was the most affected. The movement limitations that were put set up to limit the spread of the infection ruined the capacity of organizations to ship travelers from better places throughout the planet and the opportunity for development.
Therefore, transportation incomes dropped essentially, transport laborers' wages were deducted, other vehicle laborers were laid off, and some vehicle organizations shut because of the outbreak. Such a massive downfall in the transportation industry around the world has severely impacted the weigh-in-motion system market.
The global weigh-in-motion system market share is categorized by vehicle speed, type, end-use industry, component, sensor type, and application.
Based on vehicle speed, the low-speed weigh-in-motion system is the major shareholder in the global weigh-in-motion system market. The market revenue was valued at USD 610 million in 2021. The global market for low-speed weigh-in-motion system is projected to generate USD 1273 million in 2030 and grow at a CAGR of 9% by 2030. The low-speed weigh-in-motion is majorly used to accurately capture axle weights on-sight to ensure over-the-road compliance. This system has many advantages, such as lower acquisition and maintenance costs. Also, low-speed weigh-in-motion finds its application in various industries, which include agriculture, logistic, mining, and many more, which is expected to grow the demand for low-speed weigh-in-motion
Based on the type, the weigh-in-motion systems market is segmented as weigh bridge system, inroad system, and onboard system. Weigh bridge is the highest market share holder and was valued at USD 499 million in 2021. These frameworks can be automated and are relevant across all ventures, from waste management to development, offering the advantages of bringing down working expenses and expanding work proficiency. Integration of IoT with the weigh bridge has many advantages, such as a fully automated system where a driver of the vehicle can conduct weight measurements without the help of any assistance. In addition to this, some advantages of IoT integration include secure vehicle identification, live data monitoring, and automatic traffic control signal, which allows traffic flow control. These advancements in the weighbridge system are propelling market growth. The global market for weigh-in-bridge is projected to generate USD 1047 million in 2030 and grow at a CAGR of 9% by 2030.
By end-use industry, the highway toll has the major market share with revenue of USD 547 million in 2021. The global market for this segment is anticipated to generate USD 1188 million in 2030 and grow at a CAGR of 9% during the forecast period. The prime driving factor demand for weigh-in-motion in the highway toll industry is the need for the identification of overloaded vehicles at the toll plaza.
Software and services are the largest market contributor under the component, which was valued at USD 575 million in 2021. This category is projected to generate USD 1201 million in 2030 and grow at a CAGR of 9% by 2030.
By sensor type, piezoelectric sensor has the major share, with revenue of USD 428 million in 2021. This market is anticipated to generate USD 896 million in 2030 and grow at a CAGR of 9% during the forecast period. Piezoelectric sensors are less complex in design and more compact than other systems. Other advantages are less road installation depth and a wide measuring range. These advantages over other sensors are increasing the demand for piezoelectric sensors in weigh-in-motion around the world.
Application wise weight based toll collection is the largest market holder. It was valued at USD 389.97 million in 2021. The factors driving the weigh-in-motion for weight-based toll collection are Instant check for road-legal weight, fully automated weighing process, number of vehicles weighing without interrupting the traffic, daily reporting measures of vehicle productivity, automatic data collection and storage of the vehicle, and axle weight, gross weight, and axle count record The packaging industry is projected to generate USD 786 million in 2030 and grow at a CAGR of 8% by 2030.
Based on region, the weigh-in-motion market share is segmented into North America, Europe, Asia-Pacific, Central & South America and The Caribbean, and Middle-East & Africa.
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Europe is anticipated to hold the largest market share of USD 623 million by 2030 at a CAGR of 7% during the forecast period. The market in Europe was valued at USD 340 million in 2021. The key factor for the growth of the market in the Europe region is proactive actions of the government to reduce the problems such as wear and tear on the road, maintain safety on the road, lessen traffic congestion, etc. Governments of countries, including the U.K., France, and Germany, are undertaking strict steps by implementing rules and regulations for implementing weigh-in-motion systems within the country. In the Europe region, weigh-in-motion detecting technologies have been extensively applied in numerous applications, including rail lines, pavement, and bridges. In addition, demand for weigh-in-motion is expected to boost with growing investments by territorial governments for transportation infrastructure improvement projects on public and international highways. Germany is the largest contributor to the market compared to other countries, which was valued at USD 107 million in 2021.
North America is the second contributor to the weigh-in-motion market, with revenue of USD 270 million in 2021. North America is investing in smart city projects, leading to smart transportation, and providing lucrative opportunities for the weigh-in-motion market growth. The development in this region is attributed to the increment in the adoption of this system in road infrastructure, with the rising technological advancement in road transportation. The market revenue of the US was valued at USD 165 million in 2021.
The weigh-in-motion system market in Asia-Pacific is expected to witness growth steadily, with a value of USD 1910 million in 2021. This is mainly attributed to the immense urbanization, increasing population, and robust economic growth in these countries. China has the major market in this region, with a revenue of USD 83 million in 2021.
Central, South America, and The Caribbean and Middle East & Africa have the lowest market share. In 2021, the market revenue of Central & South America and The Caribbean was valued at USD 49 million, with Brazil being the major contributor. The market value of the Middle East & Africa was USD 76 million in 2021 with GCC being the major contributor.
By Sensor Type