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Automated People Mover Market Growth to be Driven by Emerging Trends | $3.64 Billion by 2029
Automated People Mover Market
What is the Projected Market Size of the Automated People Mover Industry?
The market size of the automated people mover has witnessed considerable growth lately. Projections indicate its growth from $2.76 billion in 2024 to $2.91 billion in 2025, maintaining a compound annual growth rate (CAGR) of 5.5%. Factors contributing to the expansion during the historical period include a surge in the need for airport transport solutions, escalating urbanization, rise in the worldwide airport count, increased infrastructure investment, time-efficient travel, enhanced comfort, and a heightened demand for smart mobility solutions.
What Will Be the Size of the Automated People Mover Market by 2029?
Predictions forecast substantial expansion in the automated people mover market in the coming years, with an estimated worth of $3.64 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.7%. This projected growth over the forecast period is linked to several key aspects including, the rise in public transportation requirements, the urgency for enhanced safety and security, the escalating demand for energy-efficient transport methods, a heightened concentration on sustainability and a growing requirement for space efficiency. Key trends anticipated during this forecast period encompass the increased utilization of automated people movers technology, technological progress in APM systems, improved automation, safety implementations, energy-saving technologies, and the debut of innovative transportation technologies.
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What Are the Key Drivers Accelerating Growth in the Automated People Mover Market?
The rising demand for public transit is anticipated to drive the expansion of the automated people mover (APM) market in the future. Public transit is a service provided by government or private entities that operates vehicles and infrastructure for the collective transportation needs of the general public. Factors such as infrastructure development, population growth, urbanization, and environmental concerns contribute to the rising demand for public transit. APMs enhance public transit by fluently amalgamating with subways, buses, and trains, providing automated travel alternatives. This amalgamation forms a unified system, making urban travel easier for commuters. As an example, the American Public Transportation Association, a US-based non-profit organization, reported in April 2024 that transit users took 7.1 billion public transit trips in 2023, marking a 16% hike from 2022. Consequently, the escalating demand for public transit fuels the growth of the APM market.
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How Is the Automated People Mover Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Automated People Mover Market?
Leading enterprises in the automated people mover market are creating sophisticated driverless train technologies to alleviate vehicular congestion and traffic, offering a rapid and effective transportation solution. A driverless train is a type of high-speed transit that operates without the need for an onboard driver or conductor. This system enables precise train positioning and wireless communication with trackside equipment for safer operations. As an illustration, Los Angeles International Airport (LAX), a US-based world-wide airport corporation, introduced its first automated people mover (APM) train car in August 2022. These trains will be able to transport up to 200 passengers at a speed of 47 mph. The trains, which are 98% recyclable, will help curb pollution levels by decreasing the volume of cars accessing the airport's main terminal area. The train's maintenance and storage facility boasts solar panels and high-efficiency mechanical and electrical setups. Additionally, each train car is equipped with larger doors and four vehicles, providing sufficient space for passengers and their luggage.
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Who Are the Leading Companies Driving Growth 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
Which Is the Leading Region in the Global 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.
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