Market Dynamics
South America Weigh-In-Motion System Market Drivers:
Rising Traffic Congestion
As the number of on-road cars rises daily, traffic congestion problems become unavoidable everywhere. The toll plaza's operation has been most negatively impacted by the increased processing time for vehicles brought on by the increased traffic. Without stopping traffic, weigh-in-motion (WIM) enables the regulation of vehicle loads. The weigh-in system helps with major cost savings by monitoring traffic and limiting the number of heavy cars on the road.
Due to their impact on highway traffic and urban transportation policies, overloaded cars provide several challenges for urban traffic. The increased wear and tear on the roads caused by overloaded vehicles is one of the main issues, ultimately making it dangerous for other road users. The city's restriction on heavy goods transporters in particular regions of the city is impacted by urban transportation policies. The need for weigh-in-motion is expanding to address these issues with big vehicles without affecting road traffic flow.
South America Weigh-In-Motion System Market Restraints:
Lack of Awareness and Education
The lack of education and awareness might also be linked to insufficient efforts to spread knowledge regarding weigh-in-motion systems. There aren't enough targeted marketing and education campaigns to highlight the advantages and capabilities of these platforms. Without effective awareness campaigns, prospective users could not be aware of the benefits and might not actively look for information regarding weigh-in-motion devices.
Weigh-In-Motion system manufacturers, governmental organizations, transportation groups, and research institutions must work together to address the lack of knowledge and education. These organizations must cooperate in spreading Weigh-In-Motion systems knowledge through focused marketing, educational, and industry events. They can arrange workshops, conferences, and training sessions to inform users, policymakers, and other stakeholders about the advantages and use of weigh-in-motion systems.
South America Weigh-In-Motion System Market Opportunities:
Cost Savings and Efficiency
Implementing Weigh-In-Motion (WIM) systems offers significant cost savings and operational efficiency advantages for transportation authorities, logistics firms, and fleet operators. WIM systems assist in avoiding unneeded road damage and lessen the need for regular repairs by precisely monitoring and enforcing weight restrictions. This increases the lifespan of roads and bridges and significantly reduces maintenance costs. Overloaded vehicles place excessive strain on the road, speeding up deterioration, creating potholes, and leading to structural problems. WIM systems assist in maintaining the structural integrity of the road and lowering maintenance costs by recognizing and discouraging overweight cars. WIM systems make a proactive approach to damage mitigation and resource allocation possible, which can reduce the cost and resource requirements of routine maintenance and repairs.
Additionally, WIM systems optimize resource allocation and lower administrative expenses by enabling more effective enforcement of weight regulations. WIM systems streamline enforcement and eliminate the need for manual inspections, which can be labor- and time-intensive. WIM systems automatically detect overweight vehicles. As a result, enforcement authorities will save money and be better able to concentrate on other crucial activities.
Regional Analysis
The South America market is segmented based on country: Brazil, Argentina, Colombia, and the Rest of South America. Brazil holds a major share of the country’s market and is expected to grow at a CAGR of 6.5% during the forecast period.
Compared to North America, Europe, and Asia-Pacific, South America's weigh-in-motion system market is growing very slowly. The mining and transportation sectors' use of weigh-in-motion is a major factor in South America's market expansion. South American transportation is still in the development stage because there is still a lack of a sufficient integrated network.
The goal for the nations in this region is to connect. Regarding connectivity and speed, rail transit in this area lags. The transition from single track to two or more track gauges is occurring in many nations, which makes it more difficult to integrate the rail system effectively. This increase is boosting the need for these systems because weigh-in-motion systems are employed in the rail industry to count axles.
Segmental Analysis
The South American weigh-in-motion system market is segmented based on Vehicle Speed, Type, End-Use Industry, Component, Sensor Type, Function, and Country.
Based on Vehicle Speed, the market is segmented into Low-Speed, High-Speed.
Low-Speed holds a major market share and is expected to register a CAGR of 6.9% over the forecast period. To verify over-the-road compliance, the low-speed weigh-in-motion is primarily utilized to measure axle weights on-site precisely. It is anticipated to account for a large portion of the overall market share during the forecast period. The main cause of the increase in low-speed weigh-in-motion is the slowed speed of numerous commercial vehicles and big load carriers on highways and open roads.
Compared to high-speed weigh-in-motion, this system has several benefits, including lower acquisition and maintenance costs. Additionally, low-speed weigh-in-motion is used in many other industries, including mining, logistics, agriculture, and many others, which is predicted to increase demand for the technology.
Based on Type, the market is segmented into Weigh Bridge Systems, In-Road Systems, and Onboard Systems.
Weigh Bridge System holds a major market share and is expected to register a CAGR of 6.8% over the forecast period. The main purpose of this device, which is permanently fixed to the concrete foundation, is to gather weight data for the entire load a vehicle carries. To determine the real weight of the products, Weighbridge weighs the empty and loaded truck. To operate, this system primarily requires a load cell. Automated weighbridge systems apply to all business undertakings, from waste management to construction, and they have the advantages of lower labor costs and increased productivity.
The weighbridge's integration with IoT has various benefits, including a completely automated system that enables a vehicle's driver to undertake weight measuring alone. Secure vehicle identification, real-time data monitoring, and automatic traffic control signals enabling traffic flow control are further benefits of IoT integration. These improvements in the weighbridge system are primarily driving the development of the market.
Based on End-Use Industry, the market is segmented into Highway Toll, Logistics, Oil and Refinery, and Others.
Highway Toll holds a major market share and is expected to register a CAGR of 7.3% over the forecast period. The primary driving force behind the demand for weigh-in-motion in the highway toll industry is the requirement to identify overloaded cars at the toll plaza. This method ensures that on-road traffic flows continuously since it does not impede traffic from collecting essential data that the toll plaza needs.
Traffic congestion at the toll plaza is a major issue that arises during the vehicle weight assessment process. This lengthens the processing time and reduces the toll plaza's productivity. One of the main elements influencing the demand for the weigh-in-motion in the highway toll industry is that it provides the ideal answer to these problems.
Based on Components, the market is segmented into Software and Services, and Hardware.
Software and Services hold a major market share and is expected to register a CAGR of 6.9% over the forecast period.
Based on Sensor Type, the market is segmented into Piezoelectric Sensors, Bending Sensors, Inductive Loop, Infrared Sensor, and Others.
Piezoelectric Sensor holds a major market share and is expected to register a CAGR of 7.0% over the forecast period. The weigh-in-motion system uses piezoelectric sensors to measure axle weight while the vehicle is moving. These sensors use piezoelectric components designed to generate electric signals when a force from the moving vehicle is applied to the sensor. The flowing traffic on the highway can maintain its speed and avoid the problem of traffic congestion thanks to these piezoelectric sensors, which can quickly determine the weight of a vehicle driving at more than 100 kmph.
Compared to other systems, piezoelectric sensors are more compact and have a simpler design for weigh-in-motion applications. These sensors also have a large measuring range and a shallower road installation depth. The demand for piezoelectric sensors in weigh-in-motion systems worldwide is driven by these advantages over other types of sensors.
Based on Application, the market is segmented into Weight-Based Toll Collection, Weight Enforcement, Traffic Data, Vehicle Profiling, and Axle Counting.
Weight-Based Toll Collection holds a major market share and is expected to register a CAGR of 6.3% over the forecast period. The cost of using an expressway is calculated according to how much wear the vehicle causes. Street users pay according to the actual weight of their vehicles on weight-based expressways. The weigh-in-motion frameworks ensure fair prices while generating extra cash to assist the foundation. Additionally, this technology can identify stolen automobiles, and RFID is used to track down accident instances.
