Weigh-In-Motion System Market

Market Leader - Weigh-In-Motion System Market

The weigh-in-motion system market is projected to reach USD 1,730 million by 2027 from USD 858 million in 2020, at a CAGR of 10.5% during the forecast period. Increasing government initiatives toward intelligent transportation systems and increasing public-private partnerships (PPPs) is boosting the growth of the weigh-in-motion system market.

The global weigh-in-motion system market is dominated by companies like Kapsch TrafficCom (Austria), Q-Free ASA (Norway), International Road Dynamics (Canada), METTLER TOLEDO (US), and TransCore (US). These companies adopted new product development, supply contracts expansion and joint venture strategy to gain traction in the weigh-in-motion system market.

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Kapsch TrafficCom was founded in 1892 and is headquartered in Vienna, Austria. It has subsidiaries and representatives in more than 30 countries worldwide. The company is one of the leading providers of Intelligent Transportation Systems (ITS). The reportable business segments of the company include Electronic Toll Collection (ETC) and Intelligent Mobility Solutions (IMS). Kapsch TrafficCom employs information and communication technologies to support and optimize road transportation, including infrastructure, vehicles, users, and industries. The company offers a wide range of products and solutions in ITS and traffic management systems. The company’s core business constitutes the development, installation, and operation of ETC and traffic management systems. Kapsch TrafficCom’s road user solutions include terrestrial free-flow tolling, satellite free-flow tolling, and plaza tolling. The company’s ITS products and solutions include road user charging, urban access, and parking, commercial vehicle operations, traffic management, road safety enforcement, electronic vehicle registration, and V2X cooperative systems.

Q-Free ASA was established in 1984 as Micro Design and is headquartered in Trondheim, Norway. Q-Free ASA is the first full-speed nonstop electronic toll collection system. The company offers a wide range of products and services in Intelligent Transportation System (ITS). Q-Free ASA is a major market player offering DSRC, ALPR, and GNSS/GPS-based technologies. Q-Free ASA has five business divisions, namely, tolling, parking, infomobility, urban, and interurban. Products manufactured by the company are used in various areas, such as ETC, congestion charging, truck tolling, road financing, parking control, and law enforcement. Q-Free ASA has a presence in different regions such as Europe, Latin America, Asia Pacific, Middle East & Africa, North America, and the NORDIC region.

Related Reports:

Weigh-In-Motion System Market by Type (In-Road, Bridge Weigh, Onboard), Vehicle Speed (Low, High), Component (Hardware, Software & Services), End Use Industry (Highway Toll, Oil & Refinery, Logistics), Sensors, Function, Region - Global Forecast to 2027

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Report Code
AT 7062
RI Published ON
3/22/2021
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