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Weigh in Motion Market by Component, Software, Application And Geography - Global Forecast to 2023

Weigh: Motion Market Forecast until 2023

  • February 2018
  • 143 pages
  • ID: 5309147
In this report:
Weigh in motion market for the traffic data collection application is expected to reach USD ##.## million by 2023 growing with a highest CAGR of ##.##% during the forecast period.
The weigh in motion for controllers registered a shipment of ##.## million units in 2017 and is expected to reach ##.## million units by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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Government initiatives toward intelligent transportation infrastructure propelling the increase of weigh in motion market

The weigh in motion market is anticipated to rise at a compound annual growth rate (CAGR) of ~8.9 percent between 2018 and 2023 to attain $875.70M by 2023 from $572.20M in 2018. The government initiatives toward intelligent transportation infrastructure and need for advanced traffic congestion solutions and real-time information systems are the main factors propelling the rise of the said market. Nevertheless, Elements such as high cost and restrictive installation requirements of nonintrusive sensors and slow increase in the infrastructure market are selecting the rise of the WIM market

Hardware component segment anticipated to lead the sector during the estimate period

The weigh in motion hardware system makes use of different sensors and controllers to collect and transmit traffic data to the weigh in motion station. As weigh in motion site makes use of various sensors and other related hardware components, the industry for hardware components is forecasted to hold the biggest share during the outlook period

Market for controllers forecasted to grow at the highest CAGR (Compound annual growth rate) during the estimate period

The vehicle and other traffic-related information collected by sensors are fed to the weigh in motion controllers. Controller produces a daily data file that contains individual vehicle records, and the file is automatically downloaded at the main controlling center that tracks and analyzes the collected data on a regular basis. The increasing application of WIM sensors and other traffic sensors is directly contributing to the increase of controller market during the outlook period

Traffic data collection application anticipated to witness the more significant market rise during the estimate period

WIM systems provide continuous, reliable, complete, and accurate traffic and weight data by making use of WIM sensors and other traffic sensors including radar sensor, infrared sensor, thermal sensor, and LiDAR sensor. The info collected by these sensors are useful for intelligent transportation system. The increasing market for ITS and rised government actions to foster ITS and smart transportation are forecast to steer this sector during the outlook period

Market in Asia-Pacific anticipated to witness significant increase during the estimate period

The weigh in motion market in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. Different countries in Asia-Pacific, such as china (CN), Japan (JP), and Australia (AU), have started recognizing traffic solution using WIM systems and traffic sensors to curb issues including traffic congestion, automated toll, vehicle detection, traffic control, and traffic management. The sector in Asia-Pac has high increase potential. The industry demand for WIM systems in Asia-Pacific is significantly driven by the strong economic increase, increase in population, and quick urbanization.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main officials in the weigh in motion market. Following is the breakup of the profiles of primary members taking part for the market research:

• By Company category: Tier 1 = 30.0 percent, Tier 2 = 45.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 35.0 percent, Directors = 45.0 percent, and Others = 20.0 percent

• By Area: North America continent = 50.0 percent, Europe (EU) = 30.0 percent, Asia-Pac = 10.0 percent, South America region = 5.0 percent, and Middle East (ME) & African continent = 5%.

Furthermore, the report profiles the top actors in the weigh in motion market and analyzes their market ranking. The actors decribed in this industry report are Kapsch TrafficCom, Q-Free, International Road Dynamics, Kistler, SWARCO, FLIR Systems, TE Connectivity, Siemens, Axis Communication, and Raytheon, among others.

Segment Research

This market research categorizes the weigh in motion market based on component, application, and area. The industry report also offers a description of the main drivers, industry restraints, opportunities, and possibilities pertaining to this market, as well as the value chain study and industry ranking analysis.

Why Purchasing This Study Can Help You:

The study would benefit the leaders/new sector entrants in the weigh in motion market in these ways:

1. The document breaks down the weigh in motion market comprehensively and offers the closest industry size estimation for all sub-segments across different areas.

2. The analysis benefits partners distinguish the pulse of the sector and offers them with info on key market drivers, market restraints, opportunities, and alternatives for the weigh in motion market.

3. The market research would benefit partners comprehend their players better and acquire business insights to enhance their rank in the weigh in motion market. The competitive outlook section depicts the competitor ecosystem.

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