Published Date: 31-Jan-2023
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According to a new report, published by KBV research, The Global Weigh-In-Motion System Market size is expected to reach $1.9 billion by 2028, rising at a market growth of 9.4% CAGR during the forecast period.
The Low-speed (<15 km/h) market is leading the segment in the Global Weigh-In-Motion System Market by Vehicle Speed in 2021; thereby, achieving a market value of $1.3 billion by 2028. For applications that call for issuing fines, charging based on weight or monitoring compliance, Low-Speed Weigh-In-Motion (LS-WIMTM) Axle Scales offer better precision. Compared to conventional truck scales, installation and maintenance are less expensive.
The Bridge market is experiencing a CAGR of 9.6% during (2022 - 2028). The conventional BWIM (bridge weigh-in-motion) system employs sensors to measure the deformation of the bridge and uses these measurements, along with specialized algorithms, to determine the characteristics of passing traffic. Vehicles are weighed as they travel across instrumented bridges or culverts using bridge weigh-in-motion devices.
The Bending Plate market is generating high revenue in the Global Weigh-In-Motion System Market by Technology in 2021; thereby, achieving a market value of $747.5 million by 2028. The bending scale is made up of two 0.6 x 2 m (2 ft x 6 ft) steel platforms that are arranged next to one another to cover a 3.65 m (12 ft) track. Tire load-induced plate stresses are measured using strain gauges attached to the plates.
The Highway Toll & Road Safety market is showcasing a CAGR of 9% during the forecast period. A supervisory officer will receive a warning if a vehicle appears to be overloaded, and the closest traffic police patrol car will stop the vehicle further down the road. Nearly every WIM alarm is then verified as accurate by stationary scales employed at the DVSA checkpoint since the weighing sensors installed beneath the road's surface are so exact.
The Hardware market acquired maximum revenue share in the Global Weigh-In-Motion System Market by Component in 2021; thereby, achieving a market value of $1.3 billion by 2028. The hardware section also has a number of detectors and actuators. These sensors frequently collect information about the vehicle's characteristics. On the other hand, the traffic and other pertinent data that the sensors have collected and saved in the database system are processed from the bottom up.
The Vehicle Profiling market is registering a CAGR of 9.8% during (2022 - 2028). By employing three lasers to automatically and precisely measure a moving vehicle's length, breadth, height, and speed, the Vehicle Profiling System (VPS) creates a 3D point cloud picture of the vehicle profile. Weigh-in Motion scale technology is coupled with the (VPS) system. The gross weight, axle weights, and vehicle speed are all recorded and stored by the WIM scale system.
The Asia Pacific market dominated the Global Weigh-In-Motion System Market by Region in 2021; thereby, achieving a market value of $727.8 million by 2028. The Europe market is poised to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 8.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/weigh-in-motion-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Vehicle Speed
By Installation Method
Unique Offerings from KBV Research
North America Weigh-In-Motion System Market Future Scope & Opportunities 2022-2028
Europe Weigh-In-Motion System Market Size & Growth Forecast 2022-2028
Asia Pacific Weigh-In-Motion System Market Size, Share & Industry Outlook to 2028
LAMEA Weigh-In-Motion System Market Growth, Trends & Forecasts 2022-2028