WiM market to reach $1.8bn by 2027: report

Research and Markets predicts CAGR of 10% in sector over the next five years
Charging, Tolling & Road Pricing / February 2, 2023
By Adam Hill
Traffic data collection predictive maintenance Weigh in Motion © Chuyu | Dreamstime.com
High-speed WiM 'dominates Europe' (© Chuyu | Dreamstime.com)

The global Weigh in Motion (WiM) system market is projected to reach $1.8 billion by 2027 - up from $1.1 billion this year.

That's according to a new report from Research and Markets, which predicts a compound annual growth rate (CAGR) of 10% during the forecast period.

Europe is estimated to have the highest demand for WiM systems and will dominate the market by value this year.

"With increasing expenditures by regional governments for transportation infrastructure development projects on national and international roads, the region is anticipated to be a key revenue pocket for the WiM market," Research and Markets says.

"Furthermore, the high-speed WiM system, which costs 50-60% more than low-speed systems, dominates Europe. Additionally, the free trade agreements between the EU member states have a significant role in Europe's domination."

The report cites the intention of various countries, including the US, Japan and China, to make transportation safe, more efficient and sustainable, as potential drivers of WiM roll-out, and highlights concerns over the damage to infrastructure caused by overloaded vehicles.

"By permitting real-time information and data flow, a WIM system enables intelligent utilization of the transportation infrastructure and vehicles currently in use," the report says.

WiM will be driven "throughout the forecast period by the rising demand for ITS around the world".

WiM system data can be used to schedule repairs, reduce road maintenance outlay and improve road condition through predictive analysis.

"As a result, it is anticipated that over the forecast period, the segment of traffic data collection would be the fastest growing in the WiM market", the research says.

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