Global Automotive Weigh In Motion Market

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


Report ID: SQMIG25C2124 | Region: Global | Published Date: February, 2024
Pages: 223 | Tables: 64 | Figures: 75

Automotive Weigh In Motion Market Insights

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).

The rapidly expanding logistics and transportation industries are projected to primarily augment the demand for automotive weigh in motion over the coming years. Surging demand for innovative solutions for weighing vehicles to ensure compliance with road safety norms is projected to boost automotive weigh in motion system sales going forward. Weigh-in-motion systems allow authorities to check the weight of a vehicle even in motion to avoid stopping and improve the efficiency of this process.

Rising focus on the enforcement of proper weight regulation enforcement to avoid accidents and improve road safety of commercial vehicles is estimated to favor automotive weigh in motion market growth. High incidence of overloaded trucks causing accidents and road damage has led to increased demand for better enforcement of weight management norms.

Weigh-in-motion systems reduce the traffic congestion caused by stationary weighing checkpoints and the growing traffic load on highways is pushing the demand for automotive weigh in motion. Reduced delays of cargo are also an added benefit that promotes the deployment of automotive weigh in motion systems. Growing integration of advanced analytics technologies and advanced weighing sensors is resulting in the creation of more accurate and precise automotive weigh in motion solutions. The rising focus on sustainability has resulted in high demand for the reduction of vehicle emissions, which is also slated to impact automotive weigh in motion market growth.

High focus on infrastructure preservation, road safety, emission reduction, and efficient traffic management, the automotive weigh-in-motion market is expected to continue its growth trajectory across the forecast period.

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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.

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Global Automotive Weigh In Motion Market

Report ID: SQMIG25C2124

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