How Has the Automated People Mover Market Size Evolved in Recent Years?
The automated people mover market has seen considerable growth due to a variety of factors.
• The automated people mover market has seen steady growth in recent years. It will increase from $2.76 billion in 2024 to $2.95 billion in 2025, at a compound annual growth rate (CAGR) of 6.9%.
The growth is driven by the growing demand for airport transport solutions, urbanization, the increasing number of airports globally, higher infrastructure investments, the desire to reduce travel time, and rising demand for smart mobility solutions.
What Is The Forecast For The Automated People Mover Market Size?
The automated people mover market is expected to maintain its strong growth trajectory in upcoming years.
• The automated people mover market is expected to grow to $3.82 billion by 2029 at a CAGR of 6.7%.
Growth drivers include increasing demand for public transport, the need for improved safety and energy-efficient transportation solutions, rising sustainability concerns, and demand for space-efficient technologies. Key trends include technological advancements in APM systems, automation and safety measures, energy-efficient technologies, and the introduction of innovative transportation technologies.
What Are The Essential Drivers Behind The Growth Of The Automated People Mover Market?
A growing need for public transportation is also set to fuel the growth of the automated people mover (APM) market. APMs are integrated with public transport networks like subways, buses, and trains, providing seamless and automated transit options that enhance accessibility. This trend is supported by factors such as infrastructure investments and environmental concerns. In April 2024, the American Public Transportation Association reported that 7.1 billion transit trips were made in 2023, marking a 16% rise from 2022, highlighting the growing demand for public transport.
How Is The Global Automated People Mover Market Divided Into Key Segments?
The automated people mover market covered in this report is segmented –
1) By System Type: Monorail, Duo Rail, Automated Guide Way Transit Or Maglev
2) By Technology: Conventional, Driverless, Hybrid
3) By Capacity: Low, Medium, High
4) By Application: Airport, Urban Transit, Amusements Parks, Shopping Or Commercial Centers, Other Applications
Subsegments:
1) By Monorail: Straddle-Type Monorail Systems, Suspended Monorail Systems, Urban And Airport Monorail Systems, Light-Duty Monorail Systems
2) By Duo Rail: Dual-Mode Transport Systems, Elevated Duo Rail Systems, Ground-Based Duo Rail Systems, Hybrid Transportation Systems
3) By Automated Guideway Transit (AGT) Or Maglev: Agt Systems For Urban Transit, Maglev Systems For High-Speed Travel, Low-Speed Agt For Airports Or Theme Parks, High-Capacity Agt Systems, Linear Induction Motor (LIM) Maglev Systems
Pre-Book The Automated People Mover Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Automated People Mover Market?
Companies in the automated people mover market are creating driverless train systems to reduce traffic congestion and provide efficient mobility solutions. Los Angeles International Airport (LAX) unveiled its driverless automated people mover train in August 2022, with a capacity for 200 passengers traveling at 47 mph. The environmentally friendly trains are made from 98% recyclable materials and are designed to reduce automobile traffic and pollution around the airport.
Who Are the Key Players In The Automated People Mover Market?
Major companies operating in the automated people mover market are:
• BYD Company Ltd.
• Mitsubishi Heavy Industries Ltd.
• Thales
• Alstom SA
• Kawasaki Heavy Industries Ltd.
• Siemens Mobility
• IHI Corporation
• Westinghouse Electric Company
• Stadler Rail AG
• Hyundai Rotem Company Ltd.
• TPI Composites Inc.
• Vossloh
• Von Roll
• Doppelmayr Seilbahnen GmbH
• Hitachi Rail Ltd.
• CAF Power & Automation
• LEITNER
• Intamin Transportation Ltd.
• POMA
• PT Len Industri
What Are The Regional Insights Into The Automated People Mover Market?
North America was the largest region in the automated people mover market in 2024. The regions covered in the automated people mover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
