The electric buses market worldwide is expected to grow with a CAGR of 22.9% during the forecast period. Electric vehicles have emerged as a viable solution for curbing the enormous air pollution caused by conventional fossil fuel vehicles. Of these, electric buses are expected to emerge as the most promising segment due to ongoing government initiatives across the world. Electric buses offer clean, safe, reliable and comfortable mode of public transport, thereby reducing significant amount of CO2 emissions in the environment.
The global cable trays market expected to exhibit robust CAGR during the forecast period from 2021 to 2029, up from US$ 2,956.9 Mn in 2020. Cable trays are rigid cable management products used to transport and support the cables. These are designed to support several types of wiring including high voltage power lines, power distribution cables, optical cables, telecom lines and several others. Cable trays have emerged among the most promising cable management product for wiring system across industrial, commercial and infrastructural applications. This is primarily due to their higher advantages in terms of installation and flexibility of wiring systems. The market is majorly driven by the consistently growing construction industry worldwide.
The global air traffic control equipment market expected to expand at a CAGR of 5.8% during the forecast period from 2018 to 2026. Air traffic has grown over the last few years on the back of recovering economic conditions worldwide. Improving discretionary income has had positive impact on both corporate and leisure air travels in recent years.
The market for smart railways market is expected to grow at a CAGR of 15% during the forecast period of 2025 to 2033. The term "smart railway" refers to a technologically advanced method of managing railway operations in an effective manner. This is accomplished by the sharing of rail data across the various components of rail infrastructure, including passengers, control centers, the ticketing department, and freight.
The market for railway signaling systems expected to witness significant growth with the deployment of communication-based train control (CBTC) and other advanced signaling techniques. In addition, market growth is strongly influenced by standardization processes concerning train control which are implemented in order to improve both railway traffic safety and efficiency.
The graphical representation next best to real topography allowed digital elevation model (DEM) to register a market value of US$ 667.2 Mn in 2017. The market projected to grow and reach market value of US$ 2,106.7 Mn in 2026 with a compound annual growth rate (CAGR) of 12.2% throughout the forecast period from 2018 to 2026.
The global escalators & moving walkways market was valued at US$ 14.96 Bn in 2017 and expected to expand at a CAGR of 4.3% during the forecast period from 2018 to 2026. Rapid urbanization and resultant increase in the number of commercial establishments, airports, and public transportation infrastructure is identified as one of the prominent factors driving new installation of escalators & moving walkways worldwide.
The global public transport smart cards market is growing proficiently, projected to grow at a CAGR of 10.20% during the expected period from 2025 to 2033, starting from US$ 68.86 Bn in 2021.
As per the latest research citing of the World Health Organization 2015 report, the number of people suffering with eyesight problems are 153 million, globally. It is very important to understand that refractive errors cannot be prevented but their early diagnosis and use of orthokeratology lenses for a prolonged period can result in permanent correction. Ortho-K/orthokeratology costs very less and the corneal reshaping is reversible, and therefore has been considered as a viable option for patients whose eye shapes are still changing.
Transport authorities, governments and companies are in continuous hunt for more flexible and convenient video surveillance technologies in order to ensure effective protection from theft, vandalism, fraud and terrorism. Mobile video surveillance is based on the concept of facilitating real-time monitoring of live video feed using smartphones and tablets. Accessing video surveillance feed through mobile devices greatly helps enhancing public safety and security by ensuring timely intervention in case of any unwanted incidents. The live video feed can be easily accessed using smartphones, tablets or laptops connected to an internet network.
Explore public transport market research reports covering bus transportation, passenger rail, mass transit, shared mobility, smart ticketing and intelligent transportation systems. These reports provide analysis of market size, passenger demand, infrastructure investment, technology adoption, regulatory developments, competitive positioning and regional opportunities. The research supports transport operators, vehicle manufacturers, technology providers, government agencies, infrastructure companies, investors and other organizations evaluating the global public transportation sector.