Weigh in Motion System Market

Global Weigh-in-motion System Market Size (2023 to 2028) 

The global weigh-in-motion system market is expected to reach USD 1.71 billion by 2028 from USD 1.05 billion in 2023, growing at a compound annual growth rate (CAGR) of 10.28% during the forecast period from 2023 to 2028.

The weigh-in-motion system is the latest development in the automotive industry to measure the axle weights and total weight of vehicles while they are moving. The worldwide demand for reducing traffic congestion, along with the strict government policies related to the weights carried by vehicles, is acting as a primary catalyst for the growth in the global weigh-in-motion system market. The globalization of markets has improvised the supply chain and logistics, driving the demand for accurate weighing solutions to avoid border conflicts and meet regional weight regulations. Also, the benefits offered by the weigh-in-motion compared to the traditional static weighing stations, such as less waiting time, cost-efficiency, and reduced maintenance of manual stations, are pushing more users towards the in-motion weighing solutions.

In addition, the booming demand for intelligent transportation systems (ITS) to connect vehicles with transportation management networks and support data transferring is supposed to boost the growth of the weigh-in-motion system market. The companies in the automotive sector are largely funding research and development activities to improve the performance and reliability of operations, which will further support the business for weigh-in-motion systems. Besides, the increasing advancements in technology to enhance functionality and reduce the operational costs of vehicles, such as sensors, data analytics, and ITS, are favoring the weigh-in-motion systems market growth. Also, the recent developments in expanding road networks and implementing traffic management projects are propelling global market growth. Moreover, the environmental benefits offered by accurate vehicle weight management solutions coupled with stringent road safety regulations are likely to generate more opportunities for the global weigh-in-motion system market in the future. 

The major challenge in the weigh-in-motion system market is the effective integration of the system with the traditional transportation management network and framework. Also, the initial expenses associated with the installation and maintenance of the weigh-in-motion systems act as a limitation for some of the cost-sensitive regional markets. In addition, the uncertainty related to accurate readings among the transportation companies and the data security and privacy limitations surrounding the vehicle data can act as a negative aspect for the weigh-in-motion system market. The lack of standardization in the weighing process and support to integrate with different weigh-in-motion systems is questioning the confidence of a lot of the customers and is one of the major factors inhibiting the global market growth. Besides, the lack of awareness programs and education about the advantages of automatic weighing solutions coupled with the changing environmental and external conditions affecting the robustness of the framework can pull the weigh-in-motion systems market down.  

Impact of COVID-19 on the global weigh-in-motion system market: 

The COVID-19 pandemic had a huge impact on the weigh-in-motion system market due to disruptions to the supply chain and restricted movements across the globe. The lockdown situation globally changed consumer priorities towards essentials, restricting the purchase of vehicles. In addition, the temporary shutdown of industries led to the halt of several new developments in the automotive industry. The market instability, along with the uncertainty in the adoption of new processes, limited most of the companies to slowing down their investments in innovations, which affected the weigh-in-motion system market. In addition, several governments have shifted funds towards essentials during COVID-19, which impacted additional investments and developments in the automobile sector. Moreover, the strict lockdown conditions and safety protocols resulted in a decrease in workers at the manufacturing units and a shortage of raw materials, leading to a negative impact on the entire weigh-in-motion business. Also, the delays and postponement of road projects and a pause in the movement of commercial vehicles had a negative impact on the weigh-in-motion system market. 

REPORT COVERAGE:

This research report on the global weigh-in-motion systems market has been segmented and sub-segmented into the following categories.

Global Weigh-in-motion System Market – By Installation Process: 

• Onboard 
• Bridge 
• In-road 

The onboard weigh-in-motion system is predicted to record the highest growth rate in the coming years. The increasing adoption of ITS, lower maintenance costs, and government funding for transport management systems are likely to boost this segment in the future. The onboard system offers assistance with the effective management of the fleet, government compliance, and optimized vehicle loads. 

Global Weigh-in-motion System Market – By End User: 

• Highway Toll 
• Logistics 
• Oil & Refinery 
• Others 

The highway toll segment registered the highest share in the global weigh-in-motion system market. The spike in the adoption of weigh-in-motion systems to monitor overloaded vehicles and avoid traffic congestion is driving the highway toll segment’s growth. Also, several countries and governments are investing in advanced ITS infrastructure to replace the traditional framework with new roads, which is supposed to boost the integration of more weigh-in-motion systems in highway tolls. 

Similarly, the logistics segment is expected to witness a considerable growth rate in the same period owing to the benefits offered by the in-motion weighing system, such as reduced waiting hours, meeting government-regulated weight limits, and more trips. The expanding e-commerce network globally coupled with the advances in technology like connected vehicle networks, data analytics, and autonomous driving, are foreseen to promote this segment in the forecast period. 

Global Weigh-in-motion System Market – By Technology: 

• Load Cell 
• Bending Plate 
• Piezoelectric Sensor 
• Others 

The piezoelectric sensor is estimated to grow at a notable rate in the predicted timeframe. The benefits of this sensor, like increased range of measurement and shallow road implementation depth, are likely to push sales in this segment in the coming years. 

Global Weigh-in-motion System Market – By Application: 

• Traffic Data Collection 
• Axle Counting 
• Weight Enforcement 
• Vehicle Profiling 
• Bridge Protection 
• Weight-based Toll Collection 

With the ongoing developments in traffic management systems and improved roadway infrastructure, the traffic data collection segment is anticipated to thrive in the future. 

Global Weigh-in-motion System Market – By Component: 

• Hardware 
• Processing and Reporting System 
• Software & Services 
• Control & Measurement System 
• Support Devices & Infrastructure 

The hardware segment dominated the global weigh-in-motion system market. The presence of different sensors and actuators to gather vehicle information is fuelling the upward trend in the hardware component. 

Global Weigh-in-motion System Market – By Vehicle Speed: 

• Low 
• High 

The low-speed segment is expected to rule the worldwide market in the estimated period due to advantages like less maintenance, easy installation, better precision, and fewer operational expenses.  

Global Weigh-in-motion System Market - By Region: 

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• The Middle East and Africa 

North America holds the dominant portion of the global weigh-in-motion system market and is supposed to witness steady growth in the forecast period. The spike in technological investments, along with the augmented use of heavy-duty vehicles, is supporting the business growth in this area. Also, concerns related to weight overloads, traffic management, and controlling operational expenses are touted to boost the adoption of these systems in North America. 

The Asia Pacific region is predicted to witness the highest growth rate in the market, with increasing investments from both government and private organizations towards improved transportation and logistics networks. India, China, and Japan are some of the prominent nations in this region that are investing in intelligent transport systems. The surge in the movement of commercial fleets and exports to the surrounding nations, along with funding towards smart cities and smart traffic solutions, is determined to promote the weigh-in-motion market in the APAC nations. Also, the increasing purchase power, population, and urbanization are indirectly supporting the business in this locale. 

Europe is also a prominent player in this market with rapid movements of commercial vehicles and available free trade agreements. Europe is also home to some of the leading players in the automotive sector who are investing heavily in new innovations. 

Latin American, Middle Eastern, and African nations hold a smaller share in the global weigh-in-motion system market. However, these areas are estimated to witness huge growth in the forecast period due to the spike in foreign investments and more stability in economies. 

KEY MARKET PLAYERS: 

Kistler Instruments AG, TE Connectivity, Axis Communications Corporation, FLIR Systems Inc., Avery Weigh-Tronix, International Road Dynamics Inc., EFKON Inc., Kapsch TrafficCom AG, Siemens AG, Mettler Toledo, RoadSys Inc., Q-Free ASA, Raytheon Corp, Reno A&E, SWARCO AG, LeddarTech Inc., TransCore LP, and Celtronic Automation Pvt Ltd. They are playing a dominant role in the global weigh-in-motion market. 

RECENT HAPPENINGS IN THIS MARKET: 

• In 2023, RAVAS USA introduced its latest weigh-in-motion technology that can weigh the load without interrupting the logistics or vehicle movement. Improving its existing intelligent carrier plates solution, this new technology helps obtain real-time vehicle data like the volume and weight of the goods. 
• In 2023, International Road Dynamics Inc. obtained a new contract to install three virtual weigh-in-motion systems for the Department of Transportation in Indiana, USA. These new virtual systems will provide accurate traffic and load information that can help the state department towards better planning and safety of infrastructure. 
• In 2023, Kistler launched its KiTraffic Digital, a weigh-in-motion system that can precisely measure the axle, wheel, and gross weight of a vehicle.