Press release
Market Trend Analysis: The Impact of Recent Innovations on the Automated People Mover Market
Automated People Mover Market
Steady Expansion Expected in the Automated People Mover Market Size Through 2030
The automated people mover market is projected to grow steadily, reaching a valuation of $3.82 billion by 2030. This growth will occur at a compound annual growth rate (CAGR) of 5.5%. Contributing factors include rising investments in smart city projects, demand for low-emission transportation, adoption of fully autonomous transit solutions, integration of digital rail control systems, and the expansion of urban transit networks. Key trends driving the market include the growth of driverless transit systems, implementation of intelligent control platforms, focus on energy-efficient operations, an increase in airport connectivity ventures, and the uptake of predictive maintenance techniques.
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Top Companies Shaping the Automated People Mover Industry
Several major firms currently dominate the automated people mover market. These include Alstom SA, Siemens AG, Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., BYD Company Ltd., Hyundai Rotem Company Ltd., Thales, CAF SA, Stadler Rail AG, CRRC Corporation Limited, Daifuku Co., Ltd., IHI Corporation, Woojin Industrial Systems Co., Ltd., Intamin Transportation Ltd., PT Len Industri, Nippon Sharyo Ltd., Scomi Engineering Berhad, Bombardier Recreational Products Inc., CRSC International Co., Ltd., and Ansaldo Trasporti S.p.A. Notably, in July 2024, Shanghai Alstom Transport Electrical Equipment Co., Ltd. (SATEE) collaborated with Alstom to form a new joint venture, Hefei Alstom Rail Transport Equipment Co., Ltd. (HATEE). This initiative enhances Alstom's presence in the Chinese rail transit sector and aims to strengthen industrial capabilities in Anhui Province and Hefei City.
Emerging Technologies Accelerate Growth in the Automated People Mover Market
Leading companies in the automated people mover sector are prioritizing the integration of cutting-edge automated transit technologies to boost efficiency and reliability. One significant innovation is the driverless train control system, which automates vehicle movement without onboard operators. These systems enable real-time speed control, automatic routing, and optimized scheduling, improving overall passenger flow and operational performance. For instance, in July 2024, Alstom S.A. introduced the Innovia APM 300R at Denver International Airport. This automated people mover train facilitates passenger transport between terminals and concourses with fully automated operation, enhanced capacity through modular car designs, and energy-saving traction and braking systems. The Innovia APM 300R exemplifies advancements that improve transit efficiency, passenger experience, system uptime, and reduce maintenance and operational expenses.
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How the Automated People Mover Market Is Organized
This report categorizes the automated people mover market along several dimensions:
1) System Type:
- Monorail
- Automated Guideway Transit (AGT)
2) Technology:
- Fully Automated Driverless Technology
- Semi-Automated Driverless Technology
- Communication-Based Train Control (CBTC)-Enabled Technology
- AI-Enabled and Smart Automation Technology
3) Capacity:
- Low
- Medium
4) Application:
- Airport
- Urban Transit
- Amusement Parks
- Shopping or Commercial Centers
Further breakdown within these segments includes:
- Monorail: Straddle-Type Monorail Systems, Suspended Monorail Systems, Urban and Airport Monorail Systems, Light-Duty Monorail Systems
- Automated Guideway Transit (AGT): Urban Transit AGTx Systems, High-Speed Maglev Systems, Low-Speed AGT for Airports or Theme Parks, High-Capacity AGT Systems, Linear Induction Motor (LIM) Maglev Systems
This detailed segmentation provides a clear view of the diverse technologies and applications defining the automated people mover market's development.
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