- The key vendors in the global BRT systems market 2015-2019 are Ashok Leyland Ltd., Daimler AG, Marcopolo SA and Volvo AB
London, 22 April 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global BRT systems market 2015-2019. Integration with intelligent systems is none of the latest trends upcoming in the market. BRT systems are increasingly being integrated with a variety of technologies that aid in smart transportation. Buses are being fitted with on-board communication technologies such as private radio networks, cellular technologies, Wi-Fi, infrared, and WiMAX. The global BRT systems market is expected to grow rapidly at a CAGR of 9.82% during the forecast period of 2014-2019.
BRT systems offer the advantages of cost benefit to customers compared to traditional rail transit systems and conventional modes of road transportation. These are built on existing infrastructure and can cost between $1 million and $35 million per mile. Operational efficiency is improved, and the unit cost of operation is scaled down because of low energy consumption.
“Innovation in the physical structure of buses used in the BRT systems is significantly contributing to market growth,” says Faisal Ghaus, Vice President of Technavio Research.
“Essentially, the length of vehicles is being increased, and their structure is being made more tram-like because of specific advantages such as low vehicle cost per passenger, greater seating capacity, ease in docking, high fuel economy, and ride comfort.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
