Global Traffic Simulation Systems Market Size By Type (Microscopic Simulation, Macroscopic Simulation, and Mesoscopic Simulation), By Application (Roadway and Ground Transportation, Rail Transportation, and Maritime and Air Transportation), By Geographic Scope And Forecast
Published on: 2024-08-12 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Traffic Simulation Systems Market Size By Type (Microscopic Simulation, Macroscopic Simulation, and Mesoscopic Simulation), By Application (Roadway and Ground Transportation, Rail Transportation, and Maritime and Air Transportation), By Geographic Scope And Forecast
Traffic Simulation Systems Market Size And Forecast
Traffic Simulation Systems Market size was valued at USD 5.10 Billion in 2024 and is projected to reach USD 8.83 Billion by 2031, growing at a CAGR of 6.39% from 2024 to 2031.
Rapid urbanization and industrialization along with population growth are expected to be major factors driving the demand for the traffic simulation system market over the forecast period. Technological advancement related to traffic management along with evolution in transportation engineering is further driving the market growth. The Global Traffic Simulation Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Traffic Simulation Systems Definition
Traffic simulation is the mathematical modelling of transportation systems such as freeway junctions, roundabouts, arterial routes, downtown grid systems, with computer software to better help plan, design, and operate transportation systems. Simulation of transportation systems is a vital discipline in traffic engineering and transportation planning. Several national and local transportation agencies, consulting firms, and academic institutions use simulation to aid in their management of transportation networks.
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Global Traffic Simulation Systems Overview
Traffic simulation is the mathematical modelling of transportation systems such as freeway junctions, roundabouts, arterial routes, downtown grid systems, with computer software to better help plan, design, and operate transportation systems. Simulation of transportation systems is a vital discipline in traffic engineering and transportation planning. Several national and local transportation agencies, consulting firms, and academic institutions use simulation to aid in their management of transportation networks.
When integrated into a digital twin, engineering simulation assists enterprises to optimize and evaluate the performance of products in real world functioning conditions and make secure predictions, as well as help to decrease the cost and threat of unplanned downtime. Hence, increasing awareness and growing adoption of digital twins are projected to drive the growth of the global traffic simulation systems market.
Rising traffic density results in issues such as wasted time and fuel, noise pollution, and traffic accidents. Due to the notable concentration of traffic in several cities around the globe, a proper traffic planning and control system is needed. This is expected to fuel the growth of the traffic simulation systems globally. However, security-associated issues, dearth of uniform technology standards, attaining standard and interoperable architecture for intelligent traffic administration systems is projected to restrict the growth of the traffic simulation systems market.
Global Traffic Simulation Systems MarketSegmentation Analysis
The Global Traffic Simulation Systems Market is segmented on the basis of Type, Application, and Geography.
Traffic Simulation Systems Market, By Type
• Microscopic Simulation• Macroscopic Simulation• Mesoscopic Simulation
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Based on Type, the market is bifurcated into Microscopic Simulation, Macroscopic Simulation, and Mesoscopic Simulation. Microscopic Simulation accounted for the largest market share and is projected to grow at the highest CAGR of 10.81% during the forecast period.
Microscopic simulation models help to simulate the movement of individual vehicles, which are based on car-following and lane-changing theories. Such models are very effective in evaluating complex geometric configurations, heavily congested conditions, and system level impacts of proposed transportation improvements. However, these models are costly, time consuming, and may be difficult to calibrate.
A microscopic traffic simulator has been developed for modeling traffic networks, with advanced traffic control, surveillance systems, and route guidance. Microscopic traffic simulator represents networks in detail and simulates individual vehicle movements by using lane changing, car following, and traffic signal responding logic. A route choice model can be used to capture drivers’ route choice decisions in the presence of real time traffic information which is provided by route guidance systems.
A microscopic simulation model of traffic flow, analyze the flow of traffic by modeling driver–vehicle–road interactions within a traffic stream, which respectively helps to analyze the interaction between a driver and another driver on road and of a single driver on the different features of a road. The complications of traffic stream behavior and the problems in performing experiments with real world traffic make computer simulation an important analysis tool in traffic engineering.
Traffic Simulation Systems Market, By Application
• Roadway and Ground Transportation• Rail Transportation• Maritime and Air Transportation
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On the basis of Application, the Global Traffic Simulation Systems have been segmented into Roadway and Ground Transportation, Rail Transportation, and Maritime and Air Transportation. Roadway and Ground Transportation accounted for the largest market share and is projected to grow at the highest CAGR of 10.25% during the forecast period.
Railway traffic systems have planned timetables and high safety conditions for the signaling system. Railway traffic simulation is usually used as a tool in the process of evaluating or designing timetables or to assess the effects of several types of disruptions to the scheduled traffic. As per application requirements, simulation can be conducted by using microscopic models with a high level of modeling detail for individual train movements and infrastructure, or with lower detailed macroscopic models. Microscopic simulation is the ideal choice to analyze the effects of disruptions on smaller parts of a network such as specific line segments.
There are few macroscopic tools for railway simulation available, Büker and Seybold (2012) proposed a macroscopic model with computation time benefits, which are suitable for delay propagation computation in larger networks. Another macroscopic simulation tool enabling fast simulation of railway networks on a national level is PROTON (Zinser et al., 2019, 2018) while Schlechte et al. (2011) introduced an approach for network simplification, transforming microscopic models to a macroscopic detail level.
The railway network in the world spans over 1.3 million route kilometers. The United States operates the longest railroad network in the globe, followed by Russia, China, India, Canada, Germany, and France. Japan was adjudged number one in the ranking of economies with the highest-quality infrastructure for railroads in 2019. Growing railway networks worldwide is one of the major factors, which can boost the growth of railway, and traffic simulations.
Traffic Simulation Systems Market, By Geography
• North America• Europe• Asia Pacific• Latin America• Middle East and Africa
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On the basis of regional analysis, the Global Traffic Simulation Systems is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America accounted for the largest market share in 2021 and is projected to grow at a CAGR of 7.65% during the forecast period. Europe was the second-largest market in 2021. In the U.S., the air transport industry, including airlines, and its supply chain, is projected to support USD 641 billion of GDP, and spending by foreign tourists supports a further USD 138 billion of the country’s GDP, totaling USD 779 billion. In total, 4.2% of the country’s GDP is supported by inputs to the air transport sector and foreign tourists arriving by air.
With rapid urbanization, the population in cities increases exponentially and the number of vehicles in urban areas also increases, which raises the transportation demand and results in a series of traffic problems. In the U.S., traffic congestions cost about 2.9 billion gallons of fuel and over 121 billion dollars per year. An efficient traffic system may increase traffic flow, reduce traffic jams, shorten travel time, and decrease air pollutants, effectively. As integrated technology, modeling and traffic simulation systems have achieved great progress with the advancement of programming tools and computer technology. This is anticipated to grow the traffic simulation systems market constantly in the forecasted years.
Key Players
The “Global Traffic Simulation Systems Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Anylogic, MC Trans, Siemens AG, Adacel, Nexus Telecom, Fujitsu, Ufa Inc, Ptv Group, Caliper, Skysoft-Atm, Micro Nav, Trafficware, Simio LLC, Transoft Solutions, Atrics, Inro.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• March 2022, MC TRANS company launched a product called as TSIS-CORSIM that is mainly used create inputs for traffic simulation analysis.
• February 2022, ADACEL completed acquisition of a new virtual Air Traffic Control (ATC) tower solution.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Anylogic, MC Trans, Siemens AG, Adacel, Nexus Telecom, Fujitsu, Ufa Inc, Ptv Group, Caliper, Skysoft-Atm, Micro Nav, Trafficware, Simio LLC, Transoft Solutions, Atrics, And Inro. |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region