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.
Weigh in Motion Systems Market size 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.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/3312
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.
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.
The weigh in motion systems market share, based on application is segmented into low speed and high-speed WIM. The low speed WIM is expected to hold a significant share over the projected timeframe. This can be attributed to the adherence to speed limit by most commercial vehicles and trucks in highways and open roads. Additionally, the advantages offered by such systems including lower acquisition and maintenance costs along with diversified applications in a wide range of industries including logistics, agriculture, and mining among others are further expected to boost the market size.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/3312
Based on component, the market size can be categorized into hardware and software. The software will showcase a significant share owing to advancements in coding and programming technologies. Moreover, the requirement for appropriate software to calculate, interpret, and analyze data along with integration of multiple sensor programing modules for efficient performance are further expected to drive the segment growth.
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.
Some of the major players operating in the weigh in motion systems market size include Kistler, International Road Dynamics, TE connectivity, Q-Free, Kapsch Trafficcom, Efkon, SWARCO, Essae, TransCore and Axis Communications. Industry players are investing in R&D for developing new products and solutions for improving their market share. For instance, in February 2018, Kistler announced the launch of its advanced KiTraffic Weigh in Motion (WIM) systems and solutions assisting in traffic monitoring, weight-based tolling, and weight enforcement.
Browse Full Reports: https://www.gminsights.com/industry-analysis/weigh-in-motion-systems-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.