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.