May 8, 2019   SOURCE: BusinessWire

Global Weigh-In-Motion (WIM) System Market Forecasts to 2026: Projected to Grow at a CAGR of 8.89% - ResearchAndMarkets.com

The "Weigh-In-Motion System Market by Type, Vehicle Speed, Component, End Use Industry, Sensors, Function and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The weigh-in-motion system market is estimated to be USD 913 million in 2019 and is projected to reach USD 1,656 million by 2026, at a CAGR of 8.89%.

The demand for weigh-in-motion system is driven by increasing government initiatives towards intelligent transportation system, increasing public-private partnerships (PPPs), increasing traffic congestion, and low cost compared with static weigh system. However, a lack of standardization and uniform technologies can restrain the weigh-in-motion system market.

Some of the key players in the weigh-in-motion system market are Kapsch TrafficCom (Austria), Q-Free (Norway), METTLER TOLEDO (US), Avery Weigh-Tronix (Illinois Tool Works) (US), TE Connectivity (Switzerland), International Road Dynamics (Quarterhill) (US), Kistler (Switzerland), TransCore (Roper Technologies) (US), Axis Communications (Sweden), and EFKON (Austria).

The study includes an in-depth competitive analysis of these key players in the weigh-in-motion system market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.

The in-road segment is estimated to be the largest weigh-in-motion system market, by type

In terms of type, the in-road segment is estimated to dominate the weigh-in-motion system market in 2019 and is anticipated to remain the dominant segment during the forecast period. In the in-road weigh-in-motion system, the sensors are installed beneath the road surface. These sensors capture and record the passing vehicle's information such as weight, length, and class in the data storage system.

In-road weigh-in-motion systems are used in industry verticals such as highway tolls, logistics centers, and oil & refinery. As of 2018, the European region dominated the in-road weigh-in-motion system market due to increase in freight traffic and free trade agreements between the European countries.

The high-speed WIM system segment is estimated to grow at the fastest rate in the weigh-in-motion system market

The high-speed system segment is estimated to be the fastest growing weigh-in-motion system market during the forecast period. In this system, the moving vehicle does not need to slow down at the weigh stations or toll gates, which reduces traffic congestion and processing time.

However, a high-speed weigh-in-motion system is more expensive than a low-speed weigh-in-motion system and requires frequent maintenance for accuracy. Furthermore, a high-speed weigh-in-motion system has less accuracy than the low-speed weigh-in-motion system. Factors such as vehicle suspension, friction in the suspension, and vehicle oscillation impact the accuracy of a high-speed weigh-in-motion system.

The European region dominates the high-speed weigh-in-motion market as of 2018. On the other hand, North America has a limited share of the high-speed weigh-in-motion system market. However, increasing traffic congestion on national and international highways is expected to result in the replacement of low-speed weigh-in-motion systems with high-speed weigh-in-motion systems in the coming years.

Europe is estimated to be the largest weigh-in-motion system market during the forecast period

The European region is projected to lead the weigh-in-motion system market during the forecast period due to the increase in freight traffic and the free movement of goods across European countries.

Most of the highway tolls in the region are equipped with a high-speed WIM system, which is costlier than the low-speed WIM system. Germany, UK, and France are some of the leading countries in the European region for a high-speed WIM system.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Weigh-In-Motion System Market

4.2 Weigh-In-Motion System Market in Europe, By Vehicle Speed and Country

4.3 Weigh-In-Motion System Market, By Country

4.4 Weigh-In-Motion System Market, By Vehicle Speed

4.5 Weigh-In-Motion System Market, By Type

4.6 Weigh-In-Motion System Market, By End-Use Industry

4.7 Weigh-In-Motion System Market, By Component

4.8 Weigh-In-Motion System Market, By Sensor Type

4.9 Weigh-In-Motion System Market, By Function

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Government Initiatives Toward Intelligent Transportation System & Increasing Public-Private Partnerships (PPPs)

5.2.1.1.1 Government Support Toward Intelligent Transportation System

5.2.1.1.2 Increasing Public-Private Partnerships (PPPs) Model

5.2.1.2 Increasing Traffic Congestion

5.2.1.3 Low Cost

5.2.2 Restraints

5.2.2.1 Lack of Standardized & Uniform Technologies

5.2.3 Opportunities

5.2.3.1 Increasing Investment in Smart Cities

5.2.3.2 Free Trade Agreements

5.2.3.3 Onboard WIM System

5.2.4 Challenges

5.2.4.1 Data Fusion

5.2.4.2 Accuracy of Weigh-In-Motion System

6 Industry Trends in Weigh-In-Motion System Market

6.1 Introduction

6.2 Revenue Impact Analysis

6.3 Supply Chain Analysis

6.4 Porter's Five Forces

6.5 Potential Use Cases

6.5.1 Mining Industry

6.5.2 Agriculture

7 Weigh-In-Motion System Market, By Vehicle Speed

7.1 Introduction

7.2 Low-Speed

7.3 High-Speed

8 Weigh-In-Motion System Market, By Type

8.1 Introduction

8.2 In-Road System

8.3 Weigh Bridge System

8.4 Onboard System

9 Weigh-In-Motion System Market, By End Use Industry

9.1 Introduction

9.2 Highway Toll

9.3 Oil & Refinery

9.4 Logistics

9.5 Others

10 Weigh-In-Motion System Market, By Function

10.1 Introduction

10.2 Vehicle Profiling

10.3 Axle Counting

10.4 Weight Enforcement

10.5 Weight-Based Toll Collection

10.6 Traffic Data Collection

11 Weigh-In-Motion System Market, By Component

11.1 Introduction

11.2 Hardware

11.3 Software & Services

12 Weigh-In-Motion System Market, By Sensor Type

12.1 Introduction

12.2 Image Sensor

12.3 Piezoelectric Sensor

12.4 Bending Plate

12.5 Inductive Loop

12.6 Magnetic Sensor

12.7 Acoustic Sensor

12.8 Infrared Sensor

12.9 Radar Sensor

12.10 LiDAR Sensor

12.11 Thermal Sensor

13 Weigh-In-Motion System Market, By Region

13.1 Introduction

13.2 Asia Pacific

13.3 Europe

13.4 North America

13.5 Rest of the World (RoW)

14 Competitive Landscape

14.1 Overview

14.2 Weigh-In-Motion System Market: Market Ranking Analysis

14.3 Competitive Leadership Mapping

14.3.1 Visionary Leaders

14.3.2 Innovators

14.3.3 Dynamic Differentiators

14.3.4 Emerging Companies

14.4 Strength of Product Portfolio

14.5 Business Strategy Excellence

14.6 Competitive Scenario

14.6.1 New Product Developments

14.6.2 Joint Ventures/Partnerships/Collaborations

14.6.3 Mergers & Acquisitions

15 Company Profiles

15.1 Kapsch Trafficcom

15.2 Q-Free

15.3 Mettler Toledo

15.4 Avery Weigh-Tronix (Illinois Tool Works)

15.5 TE Connectivity

15.6 International Road Dynamics (Quarterhill)

15.7 Kistler

15.8 Transcore (Roper Technologies)

15.9 Axis Communications

15.10 Efkon

15.11 Additional Companies

15.11.1 North America

15.11.1.1 Intercomp

15.11.1.2 Cardinal Scale Mfg.

15.11.1.3 General Electrodynamics Corporation (GEC)

15.11.1.4 Roadsys

15.11.2 Europe

15.11.2.1 Cross ZLN

15.11.2.2 Kemek

15.11.2.3 Traffic Data Systems

15.11.2.4 Camea

15.11.3 Asia Pacific

15.11.3.1 Essae Digitronics

15.11.3.2 Ashbee Systems

For more information about this report visit https://www.researchandmarkets.com/r/dpylh3