Pune, India -- (SBWire) -- 07/11/2018 --Weigh in motion is defined as a system which is measured for the axle loads of vehicles, while trucks pass over installed sensors. It is also known as weighing-in-motion (WIM) devices. It has a vehicle scales which provide gross weights without affecting the flow of traffic and a cost-effective means of measuring truck axle.It has various benefits such as it provides road safety, overload vehicles enforcement, road management , cost reduction, traffic monitoring and analysis. The weigh in motion scale is used to collect weigh vehicles, determine vehicle length, traffic counts, weigh individual axles, determine speed and classify vehicles. It is used in many applications in axle counting, weigh enforcement, weight-based toll collection and vehicle profiling and traffic data collection.
Market Analysis
The Global Weigh In Motion Market is expected to reach USD 901.2 Million by 2025, from USD 593.2 Million in 2017 growing at a CAGR of 10.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Weigh In Motion Market, By Component (Hardware (Sensor and Controller), Software, Services), By Application (Axle Counting, Weigh Enforcement, Weight-Based Toll Collection, Vehicle Profiling, Traffic Data Collection), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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Major Market Drivers & Market Restraint
- Advanced traffic congestion solutions
- Growing demand for real-time information systems
- Decrease in environmental pollution
- Government initiatives toward intelligent transportation infrastructure
- High cost and restrictive installation requirements of nonintrusive sensors
- Slow growth in infrastructure sector.
Frequently Asked Questions?
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in Global Weigh In Motion Market?
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TABLE OF CONTENTS
- Introduction
- MARKET SEGMENTATION
- Market Overview
- Drivers
- Restraints
- OPPORTUNITIES
- CHALLENGES
- EXECUTIVE SUMMARY
- premium insights
- Global Weigh In Motion Market, by Robots
- Global Weigh In Motion Market, by Offering
- Global Weigh In Motion Market, by Technology
- Overview
- North America
- Europe
- Asia-Pacific
- south America
- Middle East and Africa
- Global Weigh In Motion Market Competitive Analysis
- company profiles
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Market Segmentation
The global weigh in motion market is segmented into component, application and by geography.
Based on component the market is segmented into
- Hardware and software and
- Services
Hardware is further segmented into sensor and controller.
- On the basis of application the market is classified into
- axle counting,
- weigh enforcement,
- weight-based toll collection and
- vehicle profiling and traffic data collection
Based on geography the market report covers data points for 28 countries across multiple geographies namely
- north America & south America,
- Europe,
- Asia-pacific and,
- middle east & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, turkey, Russia, china, India, south Korea, japan, Australia, Singapore, Saudi Arabia, south Africa and, brazil among others.
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Competitive Analysis
The global weigh in motion market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of weigh in motion market for global, Europe, North America, Asia pacific and South America.
Top Competitors of Market
- Kapsch TrafficCom AG, Inc.,
- International Road Dynamics Inc.,
- Kistler Instruments.,
- SWARCO AG,
- FLIR Systems, Inc.,
- TE Connectivity.,
- Axis Communications AB.,
- Raytheon Company.,
- Siemens Ltd.,,
- Sensys Networks, Inc.,
- Cross Zlin,
- Intercomp',
- EFKON India Pvt. Ltd,
- SICK AG.,
- Image Sensing Systems, Inc.,
- Transcore Reno A&E,
- LeddarTech Inc. and among others
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Global Weigh in Motion Market Have Huge Demand Due to Advanced Traffic Congestion Solutions and Market Is Expected to Reach USD 901.2 Million by 2025
Global Weigh In Motion Market is expected to reach USD 901.2 Million by 2025, from USD 593.2 Million in 2017 growing at a CAGR of 10.1% during the forecast period of 2018 to 2025.