The global weigh-in-motion system market is expected to grow at a significant rate, reaching USD 1.8 billion by 2027 compared to USD 1.1 billion in 2022, with a CAGR of 10.0% during the forecast period.
The market report provides comprehensive insights into the weigh-in-motion system market, including market data tables, figures, and a detailed table of contents. It covers various aspects such as weighing technology (bending plate, piezoelectric sensor), end-use industries, components (hardware, software), applications, installation methods, vehicle speed (low, high), and sensors, along with regional analysis.
The growth of the weigh-in-motion system market is driven by increasing government initiatives towards intelligent transportation systems and the rise in public-private partnerships (PPPs). Governments’ focus on road safety regulations, particularly for highway and bridge infrastructure, is expected to further fuel market growth.
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The highway toll segment is projected to be the largest during the forecast period. Weigh-in-motion systems are predominantly used for highway toll purposes to reduce traffic congestion and detect overweight vehicles. Technological innovations in intelligent transportation systems and stricter regulations on road usage for freight vehicles to prevent overloading and overspeeding contribute to the demand for weigh-in-motion systems in the highway toll and road safety segments.
The Piezoelectric Sensor Technology-based weigh-in-motion system segment is expected to witness the fastest growth during the forecast period. This technology is in high demand for high-speed systems implemented in new road infrastructure projects across the Asia Pacific, Europe, and North America. The implementation of intelligent transportation systems and traffic data collection and analysis on highways, without interrupting traffic flow, drives the demand for Piezoelectric Sensor Technology-based weigh-in-motion systems.
Asia Pacific is projected to register the fastest growth in the weigh-in-motion system market. Countries in the region are increasingly adopting weigh-in-motion systems and sensors for traffic solutions to address issues like traffic congestion, automated tolling, vehicle detection, traffic control, and traffic management. Traffic management projects are on the rise in the Asia Pacific, with investments in upgrading transportation systems and implementing intelligent transportation systems. These initiatives, along with road infrastructure development, are expected to drive the demand for weigh-in-motion systems in the region.
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Major companies operating in the global weigh-in-motion system market include Avery Weigh-Tronix (US), Mettler Toledo (US), Kistler Instruments AG (Switzerland), International Road Dynamics Inc. (Canada), and Q-Free ASA (Norway). These companies employ various strategies such as new product developments and deals to gain traction in the weigh-in-motion system market.
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