Global BRT market 2015-2019

In its latest report, Global Bus Rapid Transport Systems (BRT) Market 2015-2019, Research and Markets analysts have forecast that the global Bus Rapid Transit Systems (BRT) market will grow at a CAGR of 9.82 per cent over the period 2015-2019. BRT systems are highly sophisticated bus-based transit systems that are meant to deliver efficient, rapid, and cost-effective high capacity public transportation services. Apart from vehicles, BRT systems also comprise right-of-way lanes, on-board ITS and stations.
May 15, 2015 Read time: 2 mins
In its latest report, Global Bus Rapid Transport Systems (BRT) Market 2015-2019, 7527 Research and Markets analysts have forecast that the global Bus Rapid Transit Systems (BRT) market will grow at a CAGR of 9.82 per cent over the period 2015-2019.

6865 BRT systems are highly sophisticated bus-based transit systems that are meant to deliver efficient, rapid, and cost-effective high capacity public transportation services. Apart from vehicles, BRT systems also comprise right-of-way lanes, on-board ITS and stations. They use hi-tech communication technologies to track the location of vehicles and provide timely information to passengers at stations. Apart from saving on travel time, they also provide certain advantages such as reduction in emission levels, road safety, and encourage the use of public transportation. These systems are expected to evolve and shift toward using clean fuels such as biodiesel, LPG, and CNG rather than diesel.

Commenting on the report, an analyst from the team said: “The global BRT systems market is expected to witness improvements in its growth rate in the future because of factors such as integration of BRT systems with intelligent systems.”

BRT systems are incorporating a variety of technologies that aid in smart transportation. Buses are increasingly being fitted with on-board communication technologies such as private radio networks, cellular technologies, wi-fi, infrared and emerging technologies such as 5670 WiMAX. RFID technologies and inductive loops are used for positioning of vehicles and for connecting to central systems. Bus lanes are fitted with street-side beacons, which are triggered by short waves as a bus passes by, generating information about the vehicle. AVL technologies are used for continuous monitoring of transit vehicles through GPS devices.

For more information on companies in this article

Related Content

  • India to invest in transportation to boost urban economies
    November 13, 2012
    Grand plans have been announced for transport investment in India aimed at boosting city economies. India’s Government Secretary for Urban Development Sudhir Krishna explains all to Jason Barnes. There are many reasons for developed countries’ high levels of urbanisation, not least of which is that the types of employment to be found in towns and cities tend to generate relatively greater wealth and so make greater contributions to a country’s economy. That creates the imperative for developing nations to f
    Read More
  • Europe’s public transport ITS market expected to exceed US$1.9 billion by 2017
    November 18, 2013
    According to new research from the analyst firm Berg Insight, the market value for public transport intelligent transport systems (ITS) in Europe was US$1.3 billion in 2012. Growing at a compound annual growth rate of nine per cent, the market is expected to reach US$1.9 billion by 2017. Berg Insight suggests that the European market for ITS for public transport is in a growth phase which will continue throughout the forecasted period. The fluctuating economic climate has in most countries had little eff
    Read More
  • Truck platooning trials take to the highways
    July 24, 2017
    There is rising enthusiasm in America and beyond for the concept of truck platooning with trials being planned in several US states, as David Crawford reports. Growing numbers of US states are considering or implementing plans for trials of electronically-linked truck platooning on public road networks. This is in response to the interest being shown by the US$70bn a year road freight industry, where fuel represents 41% of the operating costs making the prospect of improving fuel economy by trucks travellin
    Read More
  • Truck platooning trials take to the highways
    July 24, 2017
    There is rising enthusiasm in America and beyond for the concept of truck platooning with trials being planned in several US states, as David Crawford reports. Growing numbers of US states are considering or implementing plans for trials of electronically-linked truck platooning on public road networks. This is in response to the interest being shown by the US$70bn a year road freight industry, where fuel represents 41% of the operating costs making the prospect of improving fuel economy by trucks travellin
    Read More

Highlighted Content