LAMEA Weigh-In-Motion System Market Size, Share & Industry Trends Analysis Report By Vehicle Speed, By Installation Method (In-road, Bridge, and Onboard), By Technology, By End-use, By Component, By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Weigh-In-Motion System Market would witness market growth of 11.5% CAGR during the forecast period (2022-2028).
Axle weights and gross vehicle weights are captured and recorded using weigh-in-motion (WIM) devices as vehicles pass over a measuring location. WIM systems are able to measure vehicles moving at reduced or standard traffic speeds without requiring the vehicle to stop, in contrast to static scales. This improves the efficiency of the weighing process and, in the case of commercial vehicles, permits trucks that are underweight restriction to avoid static scales or inspection.
Various private & public uses of weigh-in-motion technology can be made in relation to axle loads and vehicle weights for both road and rail traffic. WIM systems measure, store, and provide data from the flow of traffic or the specific vehicle and are situated on the road, rail track, or on a vehicle. There are several unique conditions that apply to WIM systems.
The commercial vehicle demand is significantly influenced by the construction industry. An enormous project in Saudi Arabia called Neom aims to create a smart futuristic metropolis that will be 26,500 square kilometres and 460 kilometres long. It is predicted that the project will cost about USD 500 billion. The utilization of electric buses for public transportation has been aggressively promoted by transit authorities in a number of countries. Therefore, it is predicted that these variables will hasten the rise and demand for commercial cars. Additionally, this would raise the need for weigh-in-motion devices in the LAMEA region.
The Brazil market dominated the LAMEA Weigh-In-Motion System Market by Country in 2021; thereby, achieving a market value of $39.6 million by 2028. The Argentina market is showcasing a CAGR of 12.1% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 11.2% during (2022 - 2028).
Based on Vehicle Speed, the market is segmented into Low-speed (<15 km/h), and High-speed (>15 km/h). Based on Installation Method, the market is segmented into In-road, Bridge, and Onboard. Based on Technology, the market is segmented into Bending Plate, Load Cell, Piezoelectric Sensor, and Others. Based on End-use, the market is segmented into Highway Toll & Road Safety, Oil & Refinery, and Logistics & Others. Based on Component, the market is segmented into Hardware, and Software & Services. Based on Application, the market is segmented into Weight-based Toll Collection, Weight Enforcement, Vehicle Profiling, Traffic Data Collection, Bridge Protection, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Weigh-In-Motion System Market is Projected to reach USD 1.9 Billion by 2028, at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Mettler-Toledo International, Inc., Illinois Tools Works, Inc. (Avery Weigh-Tronix, LLC), Kapsch TrafficCom AG, Q-Free ASA, EFKON GmbH (STRABAG SE), International Road Dynamics, Inc. (WiLAN) (Quarterhill Inc.), Kistler Group (Kistler Holding AG), General Electrodynamics Corporation and Ashbee Systems Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Speed
- Low speed (<15 km/h)
- High-speed (>15 km/h)
By Installation Method
- Bending Plate
- Load Cell
- Piezoelectric Sensor
- Highway Toll & Road Safety
- Oil & Refinery
- Logistics & Others
- Software & Services
- Weight-based Toll Collection
- Weight Enforcement
- Vehicle Profiling
- Traffic Data Collection
- Bridge Protection
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- TE Connectivity Ltd.
- Mettler-Toledo International, Inc.
- Illinois Tools Works, Inc. (Avery Weigh-Tronix, LLC)
- Kapsch TrafficCom AG
- Q-Free ASA
- EFKON GmbH (STRABAG SE)
- International Road Dynamics, Inc. (WiLAN) (Quarterhill Inc.)
- Kistler Group (Kistler Holding AG)
- General Electrodynamics Corporation
- Ashbee Systems Ltd.
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Global Weigh-In-Motion System Market Report 2022-2028
North America Weigh-In-Motion System Market Report 2022-2028
Europe Weigh-In-Motion System Market Report 2022-2028