The weigh-in-motion system market is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period. A weigh-in-motion (WIM) system records information on the weight, speed, length, and class of the moving vehicle. Weigh-in-motion scales provide a number of benefits over conventional static weight scales. By weighing moving vehicles, it facilitates a smooth flow of traffic while reducing operating time, maintenance requirements, and costs. For intelligent transportation systems (ITS), weigh-in-motion has become a useful technology. It creates records for each vehicle containing the vehicle type, speed, axle load, and spacing. This detailed traffic information is utilized for pavement analysis and design, overweight enforcement, real-time traffic data analysis, and reporting, freight estimation, and virtual traffic monitoring applications. The market for weigh-in-motion is fueled by increasing government initiatives for intelligent transportation systems, public-private partnerships, and traffic congestion.
Government initiatives toward intelligent transportation systems & increased public-private partnerships
To make transportation safe, more efficient, and sustainable, the governments of various countries, such as the US, China, Japan, and many European countries, have defined a roadmap for intelligent transportation infrastructure which includes the installation of Weigh-in motion systems on highways and other roads for vehicle data collection, weight enforcement ad weight-based tolling. For instance, ITS Strategic Plan 2022–2026, started by the US Department of Transportation (USDOT), focuses on intelligent vehicles, intelligent infrastructure, and the creation of intelligent transportation systems (ITS). Further, the Indian Government stated in February 2022 that 467 of 692 toll plazas were equipped with weigh-In-motion systems, and a need for rapid installation of WIM systems in the rest of the toll plazas was raised in the Rajya Sabha, along with a need to equip the new toll plazas with high-speed weigh in motion systems only enabling uninterrupted traffic flow. Public private partnerships are being considered for the faster implementation of the same. For instance, in September 2022, the Union ministry of road transport and highways in India invited US-based firms for PPPs to develop national highways, which bought USD 720 million in FDIs. ITS applications offer the benefits of combining information, data processing, communication, and sensor technology and apply them to vehicles, traffic infrastructure, and management software to provide a more efficient transport network. A WIM system enables intelligent use of the available transportation infrastructure and vehicles by allowing real-time information and data flow. The system collects data from sensors located in or above the infrastructure. It helps smooth traffic flow, increases road safety by identifying overweight vehicles, and reduces road wear. Therefore, the growing demand for ITS worldwide is expected to drive the WIM market during the forecast period.
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Investments in smart city projects
The transformation of traditional cities into smart cities by deploying state-of-the-art technologies in the industrial, transport, and healthcare sectors significantly influences the weigh-in-motion market. The development of smart cities has accentuated the need for effective, low-cost, and energy-efficient transport services. Developed and developing countries are making huge investments in smart city projects. The global spending on smart city initiatives is estimated to total nearly USD 511.6 billion in 2022 according to smart energy international. WIM systems are essential components of intelligent traffic systems as they offer real-time vehicle information, increase road safety by identifying overweight vehicles, and reduce road wear, which further plays a major role in the development of smart cities. Hence, the increasing investment in smart cities will likely accelerate the deployment of WIM systems during the forecast period.
Asia Pacific to be the fastest growing market by value during the forecast period
The increasing number of megacities and the population growth in developed and developing countries have increased the use of various traffic sensors and weigh-in-motion systems in the Asia Pacific region. Various countries in the region have started recognizing traffic solutions using weigh-in-motion systems and traffic sensors for curbing traffic congestion, automated toll, vehicle detection, traffic control, and traffic management. The number of underway traffic management projects across the Asia Pacific is vast, owing to the growing need for replacing and upgrading existing conventional transportation systems. The weigh-in-motion system market in the Asia Pacific is growing rapidly because of the demand in countries such as China, Japan, and India. The local and regional government bodies have implemented several traffic management projects. These include Gateway WA Perth Airport and Freight Access Project, Australia; Secondary National Roads Development Project (SNRDP), Philippines; Chenani-Nashri Tunnel (Patnitop Tunnel), India; Smart City Kochi, India; Rohtang Tunnel at Lahaul, Spiti Valley, India; Hong Kong Intelligent Transport System (ITS), China; and Beijing Real-Time Traffic Information System, China. All these initiatives are expected to boost the traffic management market in the Asia Pacific. The demand for weigh-in-motion systems in the Asia Pacific is significantly driven by the growth of road infrastructure and the implementation of ITS. Hence, Asia Pacific is estimated to be the fastest-growing market during the forecast period.
Key Market Players
The weigh-in-motion system market is dominated by established players such as Avery Weigh-Tronix (US), Mettler Toledo (US), Kistler Instruments AG (Switzerland), International Road Dynamics Inc. (Canada), and Q-Free ASA (Norway).
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