In 2022, the Traffic Management Market attained a significant valuation of US$ 39.11 billion, marking a pivotal milestone in the transportation industry. This noteworthy achievement serves as a testament to the escalating demand for software-based systems, further fueled by the increased need for aircraft engines.
Traffic Management Market Overview
The Traffic...
Market Scope
The global traffic management market is expected to grow at approximately USD 65 billion by 2023. It can reportedly expand at 20% CAGR over the forecast period.
Major drivers of the market are the large air traffic volume and development of new software for replacing legacy software. Mobility of traffic while avoiding congestion and collisions on highways and narrow roads...