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Weigh In Motion Systems Market size register significant expansion from 2022 to 2028. A rapid upsurge in the number of vehicles and the subsequently proliferating requirement for faster, accurate, automatic, and more efficient weighing systems will propel the industry outlook over the projection period. Growing advances in weighing technology to offer instant overload vehicles detection and cost-effective traffic monitoring and analysis will increase product penetration in the years to come.
Emerging instances of traffic congestion, in addition to the escalating public-private collaborations to ensure sustainable, safe, and efficient transportation systems, will foster the demand for weigh-in-motion systems. In September 2021, the Idaho Transportation Department awarded a $2.2 million contract to International Road Dynamics Inc. to supply and install Electronic Pre-Clearance and Weigh-In-Motion system. This move will help improve commercial vehicle screening efficiency and safety while reducing greenhouse gas emissions and congestions at weigh stations.
Furthermore, WiM systems ease up the weighing process of large, heavy haul trucks and trains in covalence with several other benefits like comprehensive reporting, improved productivity, full integration. This, in addition to large-scale integration of these devices across several industrial verticals like transport, forestry, waste, demolition and excavation, agriculture, port operations, mining, and construction, will push the weigh in motion systems market forecast.
Based on the product application, high-speed WiM systems are likely to gain significant traction during the analysis period due to their efficient enforcement to inspect and identify vehicles at highway speeds while maintaining the traffic flow. Moreover, increasing R&D activities by the key players to offer better products will boost the segment expansion in the years ahead. To quote an instance, in November 2020, Kistler was awarded a second OIML certificate for its 9835A weigh-in-motion system, which can measure axle loads and overall weights of trucks at a speed of up to 120kmph and vans up to 140kmph using only two rows of linear sensors.
Software components may account for considerable revenue driven by the rapid development of IT infrastructure across the globe. The data collected by software enables planning of future highway improvements, bridge and pavement design, freight studies, and highway performance measurement. This, in turn, will boost the weigh in motion industry share.
North America weigh in motion Systems market share is likely to experience immense growth over the forecast timeframe owing to the increasing advances in weighing technology and the surging number of heavy-duty vehicles in the region. In addition, strict government regulations and rising concerns towards road safety and management, overload vehicles detection, cost reduction, etc., will trigger the industry expansion.
Key players of the weigh in motion systems market include International Road Dynamics, Kistler, TE connectivity, Kapsch Trafficcom, Q-Free, Efkon, Essae, SWARCO, Axis Communications, and TransCore. These players are adopting several growth strategies to expand their global footprints and safeguard their position in the competitive landscape. In June 2021, Ukraine started setting up WiM stations by Kistler to overcome the rapid decay of road surfaces due to overweight vehicles and improve infrastructure development in the country.
The onset of the global pandemic caused a significant slowdown in the weigh In motion systems market during the first quarter of 2020, driven by the imposition of stringent mobility and travel restrictions by governments across the globe. Nationwide lockdowns resulted in the scarcity of raw materials and halted industrial operation across non-essential enterprises, severely impacting the global supply chain.
However, with the eased-up industrial restrictions, increasing vaccination and booster dose drives, and the declining severity and morbidities of the Omicron variant may help the weigh In motion systems market recover shortly and register further expansion in the years to come.