Weigh in Motion Market by Component (Hardware (Sensor and Controller), Software & Services), Application (Axle Counting, Weigh Enforcement, Weight-Based Toll Collecion, Vehicle Profiling, Traffic Data Collection), and Geography - Global Forecast to 2023

The weigh in motion market was valued at USD 512.3 Million in 2017 and is estimated to reach USD 875.7 Million by 2023, at a CAGR of 8.88% during the forecast period. The base year considered for this study is 2017, and the forecast period considered is between 2018 and 2023.

The objectives of the study are as follows:

• To define, describe, segment, and forecast the weigh in motion (WIM) market, in terms of value, segmented on the basis of components, applications, and regions
• To define, describe, and forecast the WIM market, in terms of volume, segmented on the basis of components
• To forecast the market size of various segments with respect to 4 main regions - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
• To strategically profile the key players and comprehensively analyze their market shares and core competencies, and detail the competitive landscape for market leaders
• To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and R&D in the WIM market

The research methodology used to estimate and forecast the weigh in motion market begins with obtaining data on key vendor revenues through secondary research. The vendor offerings have been taken into consideration to determine the market segmentation. Some of the secondary sources used in this research include various journals and databases, such as IEEE journals, weigh in motion journals, Factiva, Hoovers, and OneSource. Moreover, the vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the weigh in motion market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with officials holding key positions in the industry, such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure:

To know about the assumptions considered for the study, download the pdf brochure

The key companies operating in the weigh in motion market covered in this report are Kapsch TrafficCom (Austria), Q-Free (Norway), International Road Dynamics (Canada), Kistler (Switzerland), SWARCO (Austria), FLIR Systems (US), TE Connectivity (Switzerland), Siemens (Germany), Axis Communication (Sweden), Raytheon (US), SICK (Germany), LeddarTech (Canada), and Sensys Networks (US), among others.

Target Audience:

• Intelligent transportation infrastructure providers
• WIM sensor providers
• Universities and research organizations
• System integrators
• Regulators and transport authorities
• ITS associations
• Investors and venture capitalists

 “The study answers several questions for the target audience, primarily which market segments to focus on in the next 2–5 years for prioritizing their efforts and investments.”

Report Scope:

In this report, the weigh in motion market has been segmented into the following categories:

Weigh in Motion Market, by Component:

• Hardware
  • Sensor
    • Image sensor
    • Piezoelectric sensor
    • Bending plate
    • Inductive loop
    • Infrared sensor
    • LiDAR sensor
    • Radar sensor
    • Magnetic sensor
    • Acoustic sensor
    • Thermal sensor
  • Controller
• Software & Services

Weigh in Motion Market, by Application:

• Axle Counting
• Weigh Enforcement
• Weight-Based Toll Collection
• Vehicle Profiling
• Traffic Data Collection

Geographic Analysis:

• North America
• Europe
• Asia Pacific
• Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
    1.4 Years Considered for Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in the Weigh in Motion Market
    4.2 Weigh in Motion Market, By Sensor Type,  2018 vs 2023 (USD Million)
    4.3 Weigh in Motion Market in APAC, By Application and  By Country
    4.4 Weigh in Motion Market, By Geography

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Government Initiatives Toward Intelligent Transportation Infrastructure
                    5.2.1.2 Need for Advanced Traffic Congestion Solutions
                    5.2.1.3 Growing Need for Real-Time Information Systems
                    5.2.1.4 Reduced Environmental Pollution
           5.2.2 Restraints
                    5.2.2.1 High Cost and Restrictive Installation Requirements of Nonintrusive Sensors
                    5.2.2.2 Slow Growth in Infrastructure Sector
           5.2.3 Opportunities
                    5.2.3.1 Growing Market for Smart Transportation
                    5.2.3.2 Increasing Public–Private Partnerships (PPPs)
           5.2.4 Challenges
                    5.2.4.1 Data Fusion Challenges Due to Multiple Sensors and Touch Points in Traffic Management Systems

6 Weigh in Motion Market, By Component (Page No. - 38)
    6.1 Introduction
    6.2 By Hardware
           6.2.1 Sensor
                    6.2.1.1 Piezoelectric Sensor
                               6.2.1.1.1 Piezoelectric Ceramic Sensor
                               6.2.1.1.2 Piezoelectric Quartz Sensor
                    6.2.1.2 Bending Plate
                    6.2.1.3 Inductive Loop
                    6.2.1.4 Magnetic Sensor
                    6.2.1.5 Acoustic Sensor
                    6.2.1.6 Infrared Sensor
                    6.2.1.7 Image Sensor
                    6.2.1.8 Radar Sensor
                    6.2.1.9 Lidar Sensor
                    6.2.1.10 Thermal Sensor
           6.2.2 Controller
    6.3 Weigh in Motion Market, By Software and Services

7 Weigh in Motion Market, By Application (Page No. - 60)
    7.1 Introduction
    7.2 Vehicle Profiling
    7.3 Axle Counting
    7.4 Weight Enforcement
    7.5 Weight-Based Toll Collection
    7.6 Traffic Data Collection

8 Geographic Analysis (Page No. - 72)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 UK
           8.3.2 Germany
           8.3.3 France
           8.3.4 Russia
           8.3.5 Spain
           8.3.6 Italy
           8.3.7 Rest of Europe
    8.4 APAC
           8.4.1 China
           8.4.2 Japan
           8.4.3 Australia
           8.4.4 Rest of APAC
    8.5 RoW
           8.5.1 Middle East and Africa
           8.5.2 South America
                    8.5.2.1 Brazil
                    8.5.2.2 Rest of South America

9 Competitive Landscape (Page No. - 96)
    9.1 Overview
    9.2 Ranking of Players, 2017
    9.3 Competitive Scenario
           9.3.1 Product Launches
           9.3.2 Partnerships/Agreements/Collaborations/Contracts
           9.3.3 Mergers & Acquisitions
           9.3.4 Expansions

10 Company Profiles (Page No. - 101)
(Business Overview, Products & Solutions, Recent Developments, SWOT Analysis, MnM View)*
     10.1 Key Players
             10.1.1 Kapsch Trafficcom
             10.1.2 Q-Free
             10.1.3 International Road Dynamics
             10.1.4 Kistler
             10.1.5 SWARCO
             10.1.6 FLIR Systems
             10.1.7 TE Connectivity
             10.1.8 Axis Communications
             10.1.9 Raytheon
             10.1.10 Siemens
     10.2 Other Companies
             10.2.1 Sensys Networks
             10.2.2 Cross Zlín
             10.2.3 Intercomp
             10.2.4 Efkon
             10.2.5 SICK
             10.2.6 Image Sensing Systems
             10.2.7 Transcore
             10.2.8 Reno A&E
             10.2.9 LeddarTech
             10.2.10 Roadsys

*Details on Business Overview, Products & Solutions, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 133)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details

List of Tables (61 Tables)

Table 1 Weigh in Motion Market, By Component, 2015–2023 (USD Million)
Table 2 Weigh in Motion Market, By Hardware, 2015–2023 (USD Million)
Table 3 Weigh in Motion Market, By Hardware, 2015–2023 (Million Units)
Table 4 Weigh in Motion Market for Hardware, By Application, 2015–2023 (USD Million)
Table 5 Weigh in Motion Market for Hardware, By Region, 2015–2023 (USD Million)
Table 6 Weigh in Motion Market for Hardware, By Sensor Type, 2015–2023 (USD Million)
Table 7 Weigh in Motion Sensor Market, By Region, 2015–2023 (USD Million)
Table 8 Weigh in Motion Market for Piezoelectric Sensor, By Region, 2015–2023 (USD Million)
Table 9 Weigh in Motion Market for Piezoelectric Sensor, By Type, 2015–2023 (USD Million)
Table 10 Weigh in Motion Market for Piezoelectric Ceramic Sensor, By Region, 2015–2023 (USD Million)
Table 11 Weigh in Motion Market for Piezoelectric Quartz Sensor, By Region, 2015–2023 (USD Million)
Table 12 Weigh in Motion Market for Bending Plate, By Region, 2015–2023 (USD Million)
Table 13 Weigh in Motion Market for Inductive Loop, By Region, 2015–2023 (USD Million)
Table 14 Weigh in Motion Market for Magnetic Sensor, By Region, 2015–2023 (USD Million)
Table 15 Weigh in Motion Market for Acoustic Sensor, By Region, 2015–2023 (USD Million)
Table 16 Weigh in Motion Market for Infrared Sensor, By Region, 2015–2023 (USD Million)
Table 17 Weigh in Motion Market for Image Sensor, By Region, 2015–2023 (USD Million)
Table 18 Weigh in Motion Market for Radar Sensor, By Region, 2015–2023 (USD Million)
Table 19 WIM Market for Lidar Sensor, By Region, 2015–2023 (USD Million)
Table 20 Weigh in Motion Market for Thermal Sensor, By Region, 2015–2023 (USD Thousand)
Table 21 Weigh in Motion Market for Controller, 2015–2023
Table 22 Weigh in Motion Market for Controller, By Region, 2015–2023 (USD Million)
Table 23 Weigh in Motion Market for Software & Services, By Application, 2015–2023 (USD Million)
Table 24 Weigh in Motion Market for Software & Services, By Region, 2015–2023 (USD Million)
Table 25 Weigh in Motion Market, By Application, 2015–2023 (USD Million)
Table 26 Weigh in Motion Market for Vehicle Profiling, By Region, 2015–2023 (USD Million)
Table 27 Weigh in Motion Market for Vehicle Profiling, By Component, 2015–2023 (USD Million)
Table 28 Weigh in Motion Market for Axle Counting, By Region, 2015–2023 (USD Million)
Table 29 Weigh in Motion Market for Axle Counting, By Component, 2015–2023 (USD Million)
Table 30 Weigh in Motion Market for Weight Enforcement, By Region, 2015–2023 (USD Million)
Table 31 Weigh in Motion Market for Weight Enforcement, By Component, 2015–2023 (USD Million)
Table 32 Weigh in Motion Market for Weight-Based Toll Collection, By Region, 2015–2023 (USD Million)
Table 33 Weigh in Motion Market for Weight-Based Toll Collection, By Component, 2015–2023 (USD Million)
Table 34 Weigh in Motion Market for Traffic Data Collection, By Region, 2015–2023 (USD Million)
Table 35 Weigh in Motion Market for Traffic Data Collection, By Component, 2015–2023 (USD Million)
Table 36 Weigh in Motion Market, By Region, 2015–2023 (USD Million)
Table 37 Weigh in Motion Market in North America, By Country, 2015–2023 (USD Million)
Table 38 Weigh in Motion Market in North America, By Component, 2015–2023 (USD Million)
Table 39 Weigh in Motion Market in North America, By Hardware, 2015–2023 (USD Million)
Table 40 Weigh in Motion Market in North America, By Sensor Type, 2015–2023 (USD Million)
Table 41 Weigh in Motion Market in North America, By Application, 2015–2023 (USD Million)
Table 42 Weigh in Motion Market in the Us, By Component, 2015–2023 (USD Million)
Table 43 Weigh in Motion Market in the Us, By Hardware, 2015–2023 (USD Million)
Table 44 Weigh in Motion Market in the Us, By Application, 2015–2023 (USD Million)
Table 45 Weigh in Motion Market in Europe, By Country, 2015–2023 (USD Million)
Table 46 Weigh in Motion Market in Europe, By Component, 2015–2023 (USD Million)
Table 47 Weigh in Motion Market in Europe, By Hardware, 2015–2023 (USD Million)
Table 48 Weigh in Motion Market in Europe, By Sensor Type, 2015–2023 (USD Million)
Table 49 Weigh in Motion Market in Europe, By Application, 2015–2023 (USD Million)
Table 50 Weigh in Motion Market in APAC, By Country, 2015–2023 (USD Million)
Table 51 Weigh in Motion Market in APAC, By Component, 2015–2023 (USD Million)
Table 52 Weigh in Motion Market in APAC, By Hardware, 2015–2023 (USD Million)
Table 53 Weigh in Motion Market in APAC, By Sensor Type, 2015–2023 (USD Million)
Table 54 Weigh in Motion Market in APAC, By Application, 2015–2023 (USD Million)
Table 55 Weigh in Motion Market in RoW, By Country, 2015–2023 (USD Million)
Table 56 Weigh in Motion Market in South America, By Country, 2015–2023 (USD Million)
Table 57 Weigh in Motion Market in RoW, By Component, 2015–2023 (USD Million)
Table 58 Weigh in Motion Market in RoW, By Hardware, 2015–2023 (USD Million)
Table 59 Weigh in Motion Market in RoW, By Sensor Type, 2015–2023 (USD Million)
Table 60 Weigh in Motion Market in RoW, By Application, 2015–2023 (USD Million)
Table 61 Ranking of Top 5 Players in Weigh in Motion Market, 2017
 
 
List of Figures (43 Figures)
 
Figure 1 Research Design
Figure 2 Market Size Estimation Process Flow
Figure 3 Market Breakdown and Data Triangulation
Figure 4 Weigh in Motion Market, By Component, 2018 vs 2023
Figure 5 Weigh in Motion Market for Hardware, By Sensor Type, 2018 vs 2023
Figure 6 Weigh in Motion Market, By Application, 2015–2023 (USD Million)
Figure 7 APAC to Witness the Highest Growth Rate in the Forecast Period
Figure 8 Government Initiatives Toward Intelligent Transportation Infrastructure is the Key Factor Driving the Growth of the Weigh in Motion Market
Figure 9 Image Sensor Expected to Hold the Largest Size of the Weigh in Motion Market for Sensor Type Between 2018 and 2023
Figure 10 Axle Counting Held the Largest Share of the Weigh in Motion Market for Application in APAC Region in 2017
Figure 11 Weigh in Motion Market in China Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Government Initiatives Toward Intelligent Transportation Infrastructure Driving Growth of Weigh in Motion Market
Figure 13 Weigh in Motion Market, By Component
Figure 14 Market for Sensor to Hold Largest Share During the Forecast Period
Figure 15 Axle Counting Application to Hold Largest Share in the Hardware Segment During the Forecast Period
Figure 16 North America to Hold the Largest Share in the Hardware Segment in 2018
Figure 17 Image Sensor to Hold Largest Market Share in 2018
Figure 18 Piezoelectric Quartz Sensor Expected to Hold Largest Market During Forecast Period
Figure 19 North America Expected to Hold Largest Market During Forecast Period
Figure 20 APAC to Grow With the Highest CAGR for Inductive Loop Market During Forecast Period
Figure 21 North America to Lead Image Sensor Market During Forecast Period
Figure 22 North America Expected to Hold Largest Market in Controller Segment During Forecast Period
Figure 23 Axle Counting Expected to Hold the Largest Size of the Weigh in Motion Market for Application Between 2018 and 2023
Figure 24 North America Expected to Hold the Largest Size for Vehicle Profiling Application Between 2018 and 2023
Figure 25 North America Expected to Hold the Largest Size for Axle Counting Application Between 2018 and 2023
Figure 26 North America Expected to Hold the Largest Size for Weight Enforcement Application Between 2018 and 2023
Figure 27 Weight-Based Toll Collection Application in APAC Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 28 Traffic Data Collection Application in Europe Expected to Lead the Market Between 2018 and 2023
Figure 29 Weigh in Motion Market Segmentation: By Geography
Figure 30 Geographic Snapshot: Weigh in Motion Market in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Segmentation: North America
Figure 32 North America: Market Snapshot
Figure 33 Europe: Market Snapshot
Figure 34 APAC: Market Snapshot
Figure 35 Key Growth Strategies Adopted By Top Companies (2014–2017)
Figure 36 Kapsch Trafficcom: Company Snapshot
Figure 37 Q-Free: Company Snapshot
Figure 38 International Road Dynamics.: Company Snapshot
Figure 39 FLIR Systems: Company Snapshot
Figure 40 TE Connectivity: Company Snapshot
Figure 41 Axis Communications: Company Snapshot
Figure 42 Raytheon: Company Snapshot
Figure 43 Siemens: Company Snapshot

The weigh in motion market is expected to grow from USD 572.2 Million in 2018 to USD 875.7 Million by 2023, at a CAGR of 8.88% during the forecast period. The market growth can be attributed to several factors such as growing government initiatives toward intelligent transportation infrastructure, rising need for advanced traffic congestion solutions, and increasing need for the real-time information system. Also, many countries are focusing on innovations and expansions in the existing projects. This factor would increase the demand for weigh in motion in the coming years.

The weigh in motion market has been segmented on the basis of component, which include hardware (sensors such as image sensors, piezoelectric sensors, bending plates, inductive loops, magnetic sensors, acoustic sensors, infrared sensors, radar sensors, LiDAR sensors, and thermal sensors; and controllers), and software and services. Among all sensor types, the market for image sensors is expected to lead the market during the forecast period. Image sensors are used for vehicle identification and vehicle classification, which is an important step in weigh in motion.

Moreover, the market is segmented on the basis of application into axle counting, vehicle profiling, weight enforcement, weight-based toll collection, and traffic data collection. Among all the applications, traffic data collection is expected to grow at the highest rate. Axle counting and weight enforcement are leading the weigh in motion application market during the forecast period.

The weigh in motion market has been segmented, on the basis of region, into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America accounts for the largest share of the weigh in motion market. In North America, the US is the major contributor to the growth of the weigh in motion market. Some of the factors driving the growth of the market in this region include initiatives by the government to implement effective weight enforcement solutions and increase in PPPs to install more weigh in motion stations across the region for effective enforcement, and traffic and infrastructure monitoring.

Moreover, the weigh in motion market in APAC is expected to grow at the highest CAGR during the forecast period. The market growth can be attributed to several initiatives by the governments in APAC. China, Japan, and Australia are increasingly taking initiatives such as investing heavily in intelligent transportation systems, which is expected to boost the demand for weigh in motion in the near future. However, high cost and fulfillment of fundamental requirements for the installation nonintrusive sensors is a major restraint for the weigh in motion market.

The weigh in motion market is highly competitive, with a large number of global and local market players. The players in this market have adopted various strategies to expand their global presence and increase their market share. Partnerships, agreements, collaborations, and contracts were the key strategies adopted by industry players to achieve growth in the weigh in motion market. Rising demand for weight and traffic sensor-based products, as well as high growth in emerging markets has encouraged companies to adopt these strategies. International Road Dynamics (Canada), Siemens (Germany), Q-Free (Norway), and Kapsch TrafficCom (Austria) are some of the leading market players that have adopted aforementioned strategies to develop their businesses.

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