From Globenewswire: 2024-05-13 09:00:00

The Global Traffic Simulation Systems Market is set to grow from USD 4.17 billion in 2023 to USD 9.51 billion by 2033, with a CAGR of 8.59%. Traffic technology replicates real-world traffic scenarios on a computer, helping businesses analyze and maximize product performance. The microscopic simulation segment is expected to dominate the market, providing accurate insights into traffic dynamics and aiding in urban planning. The roadway & ground transportation sector is projected to witness the fastest growth, as governments prioritize improving traffic flow and sustainability. North America leads the market due to advanced infrastructure and investment in traffic management technologies.

ANRA Technologies introduces a vertiport management solution for urban air mobility, marking a significant advancement in managing VTOL UAM aircraft operations. The market segment includes microscopic, macroscopic, and mesoscopic simulation types, with applications in roadway & ground transportation, rail transportation, and maritime & air transportation. Spherical Insights provides comprehensive analysis of key players in the market, recent developments, and global segmentation by region and application. The firm offers forward-looking market research for decision-makers across various industries.



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