New York, According to a new market research report published by Global Insight Services “Weigh-In-Motion System Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A weigh-in-motion (WIM) system is a device that is used to weigh vehicles while they are in motion. These systems are typically used on highways and weigh stations in order to collect data on the weight of vehicles. This data can be used for a variety of purposes, such as enforcement of weight limits, research, and planning.
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Key Trends
There are a few key trends in Weigh-In-Motion System technology. One is the development of more sophisticated and accurate sensors. This is important because the more accurate the sensors are, the more accurate the weight readings will be. This is important for a number of reasons, including safety (ensuring that vehicles are not overweight and thus pose a risk to other motorists) and compliance (making sure that vehicles are not exceeding weight limits set by authorities).
Another key trend is the development of wireless systems. This is important because it allows for the weigh-in-motion system to be installed without the need for costly and disruptive construction work (such as digging up roads to lay down cables). This is especially important in areas where it would be difficult or impossible to lay down cables, such as in remote or mountainous areas.
Key Drivers
There are several key drivers of the Weigh-In-Motion System market.
First, the system can significantly improve the accuracy of truck weight measurements. This is important because accurate weight measurements are essential for many applications, including highway weight enforcement, truck routing, and load management.
Second, the system can reduce the cost of truck weighments. This is because the system can be used to weigh trucks without the need for special weighbridge equipment.
Market Segments
The Weigh-In-Motion System Market is segmented by type, vehicle speed, component, end-use industry and region, By type the market is divided into in-road, bridge weigh and onboard. Based on vehicle speed it is segmented into low and high, On the basis of component it is bifurcated into hardware, software & services. By end-use industry it is segmented into highway toll, oil & refinery and logistics. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Market Segments
The Weigh-In-Motion System Market includes players such as Kapsch TrafficCom AG, Q-Free, METTLER TOLEDO, Avery Weigh-Tronix, TE Connectivity, International Road Dynamics, Kistler, Transcore Reno A&E, Axis Communications and EFKON.
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Reasons to buy Weigh-In-Motion System Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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