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

  • Intelligent transportation system (ITS) market worth US$63.66 Billion by 2022
    July 15, 2016
    According to a new market research report, Intelligent Transportation System Market by Roadway (Hardware, Software, & Services), Aviation Tool (Kiosk, Multi-User Flight Information Display, and Smart Gate System), Railway, Maritime, Protocol, Application, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the ITS market size, in terms of value, is expected to grow from US436.10 billion in 2015 to US$63.66 billion by 2022, at a CAGR of 8.3 per cent between 2016 and 2022. The major g
    Read More
  • Managed lanes – the riddle wrapped up in an enigma
    December 15, 2014
    Managed lanes have something of a patchy track record and can pose authorities problems as well as solutions. Many authorities in the US and beyond have converted, or are converting, parts of the highway network into ‘Managed Lanes’ and charging motorists a fee to avoid the delays on the adjoining free use lanes. Some authorities have converted underused High Occupancy Vehicle (HOV) lanes into priced-managed high occupancy/toll lanes (HOT lanes) whereby the price charged can vary depending on a number of fa
    Read More
  • Connected management mega-trend drives the global wireless M2M market
    August 21, 2014
    According to a new research report from the analyst firm Berg Insight, the number of global mobile network connections used for wireless machine-to-machine (M2M) communication will increase by 21 per cent in 2014 to reach 213.9 million at the year-end. East Asia, Western Europe and North America are the main regional markets, accounting for around 75 per cent of the installed base. In the next five years, the global number of wireless M2M connections is forecasted to grow at a compound annual growth rate
    Read More
  • VW scandal prompts emissions testing debate
    December 1, 2015
    In the wake of the VW scandal John Kendall looks at emissions testing on both sides of the Atlantic. Since the VW emissions story broke in September, emissions testing has come under greater scrutiny, and none more so than in Europe, where critics have long been highlighting the weaknesses of the testing system. Ironically, changes to the emissions testing process were already under review but the story has pushed it up the agenda.
    Read More

Highlighted Content