The Asia Pacific Weigh-In-Motion System Market would witness market growth of 9.9% CAGR during the forecast period (2022-2028).
The accuracy of the WIM systems is affected by the environment. The most important aspect that affects all types of sensors is undoubtedly the pavement temperature. Corrections to the temperature are required as a result. The dynamic load oscillations can also lead to significant mistakes in static weight evaluation. Tire type, tire pressure, suspension characteristics (springs, dampers, hinges), speed, driving technique, road conditions, etc., all affect a vehicle's dynamic behavior.
The road pavement contains WIM sensors that are integrated into the measurement system. The fact that the road pavement lacks carefully regulated characteristics are subject to wear, and is affected by environmental factors all have a negative impact on the accuracy of the WIM sensors, making it impossible for them to have accuracy that is comparable to that of static scales.
Due to its advantages, weigh-in-motion is increasingly being used in cars, which will drive the market's growth throughout the forecast period. Onboard weigh-in-motion systems are mounted in the cars rather than being placed on the road, enabling the mass data to be supplied from a moving vehicle at any time. These platforms are used in cars. There is no need for expensive infrastructure, making them more affordable and low maintenance than other WIM frameworks.
China's ambitious One Belt, One Road initiative seeks to connect countries throughout the world by land, sea, and air routes in order to establish a single market. To integrate electric cars into its delivery network, Amazon and Mahindra Electric established a partnership in February 2021. 10,000 electric vehicles will be in Amazon's fleet by 2025. In light of this, it is anticipated that these factors would spur an increase in demand for commercial cars. The market for weigh-in-motion systems in the APAC area would also develop as a result of this.
The China market dominated the Asia Pacific Weigh-In-Motion System Market by Country in 2021; thereby, achieving a market value of $198.7 million by 2028. The Japan market is registering a CAGR of 9.2% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 10.5% during (2022 - 2028).
Based on Vehicle Speed, the market is segmented into Low-speed (< 15 km/h), and High-speed (>15 km/h). Based on Installation Method, the market is segmented into In-road, Bridge, and Onboard. Based on Technology, the market is segmented into Bending Plate, Load Cell, Piezoelectric Sensor, and Others. Based on End-use, the market is segmented into Highway Toll & Road Safety, Oil & Refinery, and Logistics & Others. Based on Component, the market is segmented into Hardware, and Software & Services. Based on Application, the market is segmented into Weight-based Toll Collection, Weight Enforcement, Vehicle Profiling, Traffic Data Collection, Bridge Protection, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Mettler-Toledo International, Inc., Illinois Tools Works, Inc. (Avery Weigh-Tronix, LLC), Kapsch TrafficCom AG, Q-Free ASA, EFKON GmbH (STRABAG SE), International Road Dynamics, Inc. (WiLAN) (Quarterhill Inc.), Kistler Group (Kistler Holding AG), General Electrodynamics Corporation and Ashbee Systems Ltd.
The accuracy of the WIM systems is affected by the environment. The most important aspect that affects all types of sensors is undoubtedly the pavement temperature. Corrections to the temperature are required as a result. The dynamic load oscillations can also lead to significant mistakes in static weight evaluation. Tire type, tire pressure, suspension characteristics (springs, dampers, hinges), speed, driving technique, road conditions, etc., all affect a vehicle's dynamic behavior.
The road pavement contains WIM sensors that are integrated into the measurement system. The fact that the road pavement lacks carefully regulated characteristics are subject to wear, and is affected by environmental factors all have a negative impact on the accuracy of the WIM sensors, making it impossible for them to have accuracy that is comparable to that of static scales.
Due to its advantages, weigh-in-motion is increasingly being used in cars, which will drive the market's growth throughout the forecast period. Onboard weigh-in-motion systems are mounted in the cars rather than being placed on the road, enabling the mass data to be supplied from a moving vehicle at any time. These platforms are used in cars. There is no need for expensive infrastructure, making them more affordable and low maintenance than other WIM frameworks.
China's ambitious One Belt, One Road initiative seeks to connect countries throughout the world by land, sea, and air routes in order to establish a single market. To integrate electric cars into its delivery network, Amazon and Mahindra Electric established a partnership in February 2021. 10,000 electric vehicles will be in Amazon's fleet by 2025. In light of this, it is anticipated that these factors would spur an increase in demand for commercial cars. The market for weigh-in-motion systems in the APAC area would also develop as a result of this.
The China market dominated the Asia Pacific Weigh-In-Motion System Market by Country in 2021; thereby, achieving a market value of $198.7 million by 2028. The Japan market is registering a CAGR of 9.2% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 10.5% during (2022 - 2028).
Based on Vehicle Speed, the market is segmented into Low-speed (< 15 km/h), and High-speed (>15 km/h). Based on Installation Method, the market is segmented into In-road, Bridge, and Onboard. Based on Technology, the market is segmented into Bending Plate, Load Cell, Piezoelectric Sensor, and Others. Based on End-use, the market is segmented into Highway Toll & Road Safety, Oil & Refinery, and Logistics & Others. Based on Component, the market is segmented into Hardware, and Software & Services. Based on Application, the market is segmented into Weight-based Toll Collection, Weight Enforcement, Vehicle Profiling, Traffic Data Collection, Bridge Protection, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Mettler-Toledo International, Inc., Illinois Tools Works, Inc. (Avery Weigh-Tronix, LLC), Kapsch TrafficCom AG, Q-Free ASA, EFKON GmbH (STRABAG SE), International Road Dynamics, Inc. (WiLAN) (Quarterhill Inc.), Kistler Group (Kistler Holding AG), General Electrodynamics Corporation and Ashbee Systems Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Speed
- Low speed (< 15 km/h)
- High-speed (>15 km/h)
By Installation Method
- In-road
- Bridge
- Onboard
By Technology
- Bending Plate
- Load Cell
- Piezoelectric Sensor
- Others
By End-use
- Highway Toll & Road Safety
- Oil & Refinery
- Logistics & Others
By Component
- Hardware
- Software & Services
By Application
- Weight-based Toll Collection
- Weight Enforcement
- Vehicle Profiling
- Traffic Data Collection
- Bridge Protection
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- TE Connectivity Ltd
- Mettler-Toledo International, Inc
- Illinois Tools Works, Inc. (Avery Weigh-Tronix, LLC)
- Kapsch TrafficCom AG
- Q-Free ASA
- EFKON GmbH (STRABAG SE)
- International Road Dynamics, Inc. (WiLAN) (Quarterhill Inc.)
- Kistler Group (Kistler Holding AG)
- General Electrodynamics Corporation
- Ashbee Systems Ltd
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Weigh-In-Motion System Market, by Vehicle Speed
1.4.2 Asia Pacific Weigh-In-Motion System Market, by Installation Method
1.4.3 Asia Pacific Weigh-In-Motion System Market, by Technology
1.4.4 Asia Pacific Weigh-In-Motion System Market, by End-use
1.4.5 Asia Pacific Weigh-In-Motion System Market, by Component
1.4.6 Asia Pacific Weigh-In-Motion System Market, by Application
1.4.7 Asia Pacific Weigh-In-Motion System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Weigh-In-Motion System Market by Vehicle Speed
3.1 Asia Pacific Low-speed (< 15 km/h) Market by Country
3.2 Asia Pacific High-speed (>15 km/h) Market by Country
Chapter 4. Asia Pacific Weigh-In-Motion System Market by Installation Method
4.1 Asia Pacific In-road Market by Country
4.2 Asia Pacific Bridge Market by Country
4.3 Asia Pacific Onboard Market by Country
Chapter 5. Asia Pacific Weigh-In-Motion System Market by Technology
5.1 Asia Pacific Bending Plate Market by Country
5.2 Asia Pacific Load Cell Market by Country
5.3 Asia Pacific Piezoelectric Sensor Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Weigh-In-Motion System Market by End-use
6.1 Asia Pacific Highway Toll & Road Safety Market by Country
6.2 Asia Pacific Oil & Refinery Market by Country
6.3 Asia Pacific Logistics & Others Market by Country
Chapter 7. Asia Pacific Weigh-In-Motion System Market by Component
7.1 Asia Pacific Hardware Market by Country
7.2 Asia Pacific Software & Services Market by Country
Chapter 8. Asia Pacific Weigh-In-Motion System Market by Application
8.1 Asia Pacific Weight-based Toll Collection Market by Country
8.2 Asia Pacific Weight Enforcement Market by Country
8.3 Asia Pacific Vehicle Profiling Market by Country
8.4 Asia Pacific Traffic Data Collection Market by Country
8.5 Asia Pacific Bridge Protection Market by Country
8.6 Asia Pacific Others Market by Country
Chapter 9. Asia Pacific Weigh-In-Motion System Market by Country
9.1 China Weigh-In-Motion System Market
9.1.1 China Weigh-In-Motion System Market by Vehicle Speed
9.1.2 China Weigh-In-Motion System Market by Installation Method
9.1.3 China Weigh-In-Motion System Market by Technology
9.1.4 China Weigh-In-Motion System Market by End-use
9.1.5 China Weigh-In-Motion System Market by Component
9.1.6 China Weigh-In-Motion System Market by Application
9.2 Japan Weigh-In-Motion System Market
9.2.1 Japan Weigh-In-Motion System Market by Vehicle Speed
9.2.2 Japan Weigh-In-Motion System Market by Installation Method
9.2.3 Japan Weigh-In-Motion System Market by Technology
9.2.4 Japan Weigh-In-Motion System Market by End-use
9.2.5 Japan Weigh-In-Motion System Market by Component
9.2.6 Japan Weigh-In-Motion System Market by Application
9.3 India Weigh-In-Motion System Market
9.3.1 India Weigh-In-Motion System Market by Vehicle Speed
9.3.2 India Weigh-In-Motion System Market by Installation Method
9.3.3 India Weigh-In-Motion System Market by Technology
9.3.4 India Weigh-In-Motion System Market by End-use
9.3.5 India Weigh-In-Motion System Market by Component
9.3.6 India Weigh-In-Motion System Market by Application
9.4 South Korea Weigh-In-Motion System Market
9.4.1 South Korea Weigh-In-Motion System Market by Vehicle Speed
9.4.2 South Korea Weigh-In-Motion System Market by Installation Method
9.4.3 South Korea Weigh-In-Motion System Market by Technology
9.4.4 South Korea Weigh-In-Motion System Market by End-use
9.4.5 South Korea Weigh-In-Motion System Market by Component
9.4.6 South Korea Weigh-In-Motion System Market by Application
9.5 Singapore Weigh-In-Motion System Market
9.5.1 Singapore Weigh-In-Motion System Market by Vehicle Speed
9.5.2 Singapore Weigh-In-Motion System Market by Installation Method
9.5.3 Singapore Weigh-In-Motion System Market by Technology
9.5.4 Singapore Weigh-In-Motion System Market by End-use
9.5.5 Singapore Weigh-In-Motion System Market by Component
9.5.6 Singapore Weigh-In-Motion System Market by Application
9.6 Malaysia Weigh-In-Motion System Market
9.6.1 Malaysia Weigh-In-Motion System Market by Vehicle Speed
9.6.2 Malaysia Weigh-In-Motion System Market by Installation Method
9.6.3 Malaysia Weigh-In-Motion System Market by Technology
9.6.4 Malaysia Weigh-In-Motion System Market by End-use
9.6.5 Malaysia Weigh-In-Motion System Market by Component
9.6.6 Malaysia Weigh-In-Motion System Market by Application
9.7 Rest of Asia Pacific Weigh-In-Motion System Market
9.7.1 Rest of Asia Pacific Weigh-In-Motion System Market by Vehicle Speed
9.7.2 Rest of Asia Pacific Weigh-In-Motion System Market by Installation Method
9.7.3 Rest of Asia Pacific Weigh-In-Motion System Market by Technology
9.7.4 Rest of Asia Pacific Weigh-In-Motion System Market by End-use
9.7.5 Rest of Asia Pacific Weigh-In-Motion System Market by Component
9.7.6 Rest of Asia Pacific Weigh-In-Motion System Market by Application
Chapter 10. Company Profiles
10.1 TE Connectivity Ltd.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Mettler-Toledo International, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.3 Illinois Tools Works, Inc. (Avery Weigh-Tronix, LLC)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.4 Kapsch TrafficCom AG
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.5 Q-Free ASA
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional & Segmental Analysis
10.5.4 Recent strategies and developments:
10.5.4.1 Product Launches and Product Expansions:
10.6 EFKON GmbH (STRABAG SE)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.7 International Road Dynamics, Inc. (WiLAN) (Quarterhill Inc.)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental Analysis
10.7.4 Research & Development Expenses
10.8 Kistler Group (Kistler Holding AG)
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Product Launches and Product Expansions:
10.9 General Electrodynamics Corporation
10.9.1 Company Overview
10.10. Ashbee Systems Ltd.
10.10.1 Company Overview
Companies Mentioned
- TE Connectivity Ltd.
- Mettler-Toledo International, Inc.
- Illinois Tools Works, Inc. (Avery Weigh-Tronix, LLC)
- Kapsch TrafficCom AG
- Q-Free ASA
- EFKON GmbH (STRABAG SE)
- International Road Dynamics, Inc. (WiLAN) (Quarterhill Inc.)
- Kistler Group (Kistler Holding AG)
- General Electrodynamics Corporation
- Ashbee Systems Ltd.
Methodology
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