The global automated people mover market size is estimated to reach US$ 2.49 Billion in 2022. Sales are projected to increase at a CAGR of 5.8% over the forecast period, reaching a valuation of US$ 4.36 Billion by 2032.
An Automated People Mover (APM) is a type of public transportation system that consists of driverless vehicles that run on a dedicated track or guideway, typically in an airport or urban setting. APMs are designed to transport passengers between different areas of a transportation hub, such as terminals or parking lots, or to connect different areas of a city or campus.
The growth of the market can be attributed to factors such as the increasing demand for efficient and reliable transportation systems, the growing need for improved airport infrastructure, and the rising adoption of APMs in theme parks and other entertainment venues.
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Key Takeaways – Global Automated People Mover Market Report
- Automated people movers would continue to witness significantly high adoption by airport operators.
- Sales of automated people mover are expected to witness momentous rise for application in urban transit systems.
- North America would retain a major share of revenues in global automated people mover market.
- Increasing number of airports in Asia Pacific holds the promise to elevate the number of contracts with automated people mover manufacturers.
- The market in Middle Eastern region is expected to be lucrative in terms of automated people mover sales and O&M contracts.
- Through 2029, automated people mover markets in Europe and Middle East & Africa (MEA) are projected to outperform that in North America in terms of revenue share.
Technologically advanced automated people movers offer design advantages in addition to cost benefit. Several automated people movers are further enhanced with safety features that enable manufacturers to gain a competitive edge in the consolidated market. The equipment is generally made-to-order, which means that winning contracts is crucial for manufacturers. Acquiring contracts for operations & maintenance will also remain an important strategy adopted by prominent companies in automated people mover market.
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Competitive Landscape Analysis
The automated people mover market is characterized by a high degree of consolidation, as a result of the presence of limited players. Tier-I companies account for over 3/4th of the total market value. Some of the leading manufacturers, such as Bombardier Inc., Mitsubishi Heavy Industries, Ltd., and Siemens AG, are prioritizing joint ventures for developing innovative automated people mover systems. With LAX’s Automated People Mover, a number of public private partnership (PPP) projects are projected to shape up at the U.S. airports in the near future. Companies are also expected to focus on expanding their sales footprint in emerging markets, such as Asia Pacific and Middle East & Africa. Such players have been establishing offices and sales partnerships in these regions.
Key Segment
System Type
- Monorail
- Duorail
- Automated Guideway Transit or Maglev
Application
- Airports
- Urban Transit
- Amusement Parks
- Shopping or Commercial Centers
- Others
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Region
- North America
- Latin America
- Europe, Middle East & Africa
- East Asia
- Asia Pacific
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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