Automotive Weigh In Motion Market Size, Share, Growth Analysis, By Sensor(Piezoelectric Sensor (including quartz sensor), Bending Plate, Single Load Cell, Others), By Installation Techniques(In-road system, Weighbridge systems, On board weighing), By Region - Industry Forecast 2024-2031

Automotive Weigh In Motion Market size was valued at USD 2.83 billion in 2022 and is poised to grow from USD 3.03 billion in 2023 to USD 5.29 billion by 2031, at a CAGR of 7.20% during the forecast period (2024-2031).

Accuracy is projected to be the prime focus of all automotive weigh in motion companies operating in the global marketplace. Market players are forecasted to invest in the research and development of new automotive weigh in motion systems that are more accurate and equipped with advanced technologies and sensors to improve their efficiency. High focus on road safety and the implementation of different weight-related vehicle mandates are also predicted to augment demand for automotive weigh in motion systems in the long run. Expanding transportation and logistics industries are also estimated to open up new avenues of opportunities for automotive weigh in motion market players in the long run. Collaborations, partnerships, and acquisitions are also slated to emerge as popular strategies for automotive weigh in motion companies looking to expand their market share. Focus on providing advanced real-time data and integration of novel sensors will also influence automotive weigh in motion market growth in the future. 'Kapsch TrafficCom', 'Sensys Gatso Group', 'Highway Information Systems, Inc.', 'METTLER TOLEDO', 'VITRONIC', 'International Road Dynamics Inc. (IRD)', 'TE Connectivity Ltd.', 'Kistler Group', 'Synercon Technologies', 'TransCore', 'Q-Free ASA', 'EFKON AG', 'Axis Communications AB', 'EYE-TRONICS', 'Avery Weigh-Tronix', 'Trakblaze Pty. Ltd.', 'STRATONICS', 'Roadmetric', 'Intercomp Company', 'Key Solutions S.r.l.'

High incidence of road accidents has led to the implementation of strict road safety mandates, which are creating a high demand for automotive weigh in motion systems. Increasing focus of the government on infrastructure preservation is also slated to benefit automotive weigh in motion market growth in the future.

Integration of Advanced Sensor Technology: Laser scanners and high-resolution cameras are being integrated with automotive weigh in motion systems to improve their efficiency and accuracy. Advancements in sensor technology are projected to offer attractive opportunities for automotive weigh in motion market players going forward.

A significant chunk of global automotive weigh in motion market value share comes from the North American region and this can be directly linked to the high adoption of weighing systems in the United States. The United States has a massive network of highways that connects the country and the deployment of automotive weigh in motion systems is crucial in this country to ensure road safety. High use of automotive weigh in motion systems by government agencies and top logistics companies in the country also allows it to account for a significant market share over the coming years. Growing emphasis on road safety is slated to create an opportune scenario for automotive weigh in motion companies in this region going forward.