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The global weigh-in-motion system market is projected to reach USD 1,730 million by 2027 from USD 858 million in 2020, at a CAGR of 10.5% during the forecast period.
To make transportation safe, more efficient, and sustainable, the governments of various countries such as the US, China, Japan, and many European countries have defined a roadmap for intelligent transportation infrastructure. For instance, the ITS Strategic Plan 2015-2019, started by the US Department of Transportation (USDOT), focuses on intelligent vehicles, intelligent infrastructure, and the creation of intelligent transportation systems.
In the fiscal year 2020, the US Department of Transportation s Federal Highway Administration (FHWA) awarded Advanced Transportation and Congestion Management Technologies Deployment (ATCMTD) grants worth USD 49.6 million to 10 projects using advanced intelligent transportation systems (ITS) that will imp
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