Weigh in Motion Systems Market will grow substantially over the projected timeframe driven by increasing requirement for capturing and recording truck axle and gross vehicle weights along with rising prevalence of truck operators to overload their vehicles to improve profits and margins. Incorporation of sensors and technologies across a wide range of surfaces including pavements, bridges, and road among others further expands the industry share.
Technological advancements in weigh-in-motion systems are expected to significantly boost the weigh in motion systems market share over the projected timeframe. For instance, in 2014, Applied Traffic launched its portable WIM weighbridge, with the capability to be fitted in vehicles. Additionally, the system includes Bluetooth technologies with the ability to weigh up to 16 axles at any one time of around 30t per axle.
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Based on industry, the weigh in motion systems market share can be classified into oil & gas, road toll, and logistics. The growth in the oil & gas segment can be credited to the requirement for enhanced safety during loading and carrying of oil-based products over long distances. Moreover, these systems reduce the probabilities of accidents and fire hazards that may occur due to overloading.
The complex internal mechanism of the weigh in motion systems along with susceptibility to damage from electromagnetic transients may hamper the weigh in motion systems market share over the projected timeframe. Additionally, the reduced information interpreted by such systems including model year, fuel type, and state registry among others may further limit its usage. However, the incorporation of advanced sensors and software are playing a major role in minimizing the system shortcomings and expand the industry share.
North America will account for a significant share in the weigh in motion systems market size. This can be attributed to the rising prevalence of trucks for freight and cargo transportation. Additionally, stringent regulations and governing bodies mandate the installation of such sensors in tolls collection centers and roads, thereby preventing truck overloading and boosting the regional share.
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The advent of weigh in motion scale with incorporation of advanced Mettler Toledo quartz piezo sensors and load cell platforms for facilitating accurate weighing of vehicles further supports the weigh in motion systems market expansion. The continuous data processing capabilities along with elimination of inherent data bias in static weighing operations are providing a positive outlook for the weigh in motion market share.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- International Road Dynamics
- TE connectivity
- Kapsch Trafficcom
- Axis Communications
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