Automated People Mover Market Definition
An automated people mover (APM) is a fully automated, guided, and rubber-tired passenger transport system that is typically operated on elevated guideways or in tunnels. APMs are designed to provide quick, dependable, and often frequent service, increasing mobility and reducing congestion in congested areas.
The main system types of automated people movers are monorail, duorail, automated guideway transit, and maglev. A monorail system uses a single rail elevated on columns, ideal for urban transport with its sleek design and ability to navigate congested areas. The various technologies involved are conventional, driverless, and hybrid with several capacities, including low, medium, and high. These are applied in airports, urban transit, amusement parks, shopping centers, and others.
APM Market Segmentation
The automated people mover market is segmented
- By System Type: Monorail, Duo Rail, Automated Guide Way Transit Or Maglev
- By Technology: Conventional, Driverless, Hybrid
- By Capacity: Low, Medium, High
- By Application: Airport, Urban Transit, Amusements Parks, Shopping Or Commercial Centers, Other Applications
The main system types of automated people movers are monorail, duorail, automated guideway transit, and maglev. A monorail system uses a single rail elevated on columns, ideal for urban transport with its sleek design and ability to navigate congested areas. The various technologies involved are conventional, driverless, and hybrid with several capacities, including low, medium, and high. These are applied in airports, urban transit, amusement parks, shopping centers, and others.
APM Market Size and Growth Rate
The automated people mover market size has grown strongly in recent years. It will grow from $2.59 billion in 2023 to $2.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to rising demand for airport transport solutions, growing urbanization, the number of airports in the globe, increasing infrastructure investment, reduced travel time and greater comfort, and growing demand for smart mobility solutions.
APM Market Growth Forecast
The automated people mover market size is expected to see strong growth in the next few years. It will grow to $3.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the increasing demand for public transportation, the need for improved safety and security, the increasing demand for energy-efficient transportation solutions, the growing focus on sustainability, and the increasing need for space efficiency. Major trends in the forecast period include adoption of automated people movers technology, technological developments in APM systems, advanced automation and safety measures, energy-efficient technologies, and the introduction of cutting-edge transportation technologies.
APM Market Driver
Rising Demand For Public Transportation Fuels Growth In The Automated People Mover Market
The demand for APMs is driven by the need for efficient, reliable, and cost-effective transportation solutions, particularly in densely populated urban areas. The increasing demand for public transportation is expected to propel the growth of the automated people mover market going forward. Public transit refers to the system of vehicles and infrastructure operated by a government or private entity designed to provide shared transportation services to the general public. The demand for public transportation is increasing due to several factors, such as infrastructure investments, population growth, urbanization, and environmental concerns. APMs reduce obstruction in public transportation by seamlessly integrating with subways, buses, and trains, offering automated transit options. This integration creates a cohesive system, making city travel more accessible for passengers. For instance, in April 2024, according to the American Public Transportation Association, a US-based non-profit group, transit travelers took 7.1 billion trips on public transportation in 2023, up 16% from 2022. Therefore, the increasing demand for public transportation drives growth in the automated people-mover market.
Dominant Applications:
Airports and Urban Transit Systems are the leading applications for APMs, with airports accounting for a substantial market share due to increasing air travel and infrastructure enhancements. APMs are also used in amusement parks and shopping centers.
Regional Insights:
North America, particularly the United States, is a dominant market for APMs, driven by investments in airport and urban transit infrastructure due to advanced infrastructure and technological adoption.
- United States: Accounts for a significant portion of the North American market, driven by airport and urban transit projects.
- Europe: Increasing establishment of airports is expected to augment APM sales.
Technological Advancements:
The integration of advanced technologies such as AI and IoT in APM systems is enhancing operational efficiency and Passenger Experience. New technologies are enhancing the energy efficiency of APM systems.
Cost Efficiency:
APMs offer lower maintenance and operational costs compared to traditional transit systems.
Environmental Concerns:
APMs provide sustainable transportation solutions, reducing carbon emissions.
Global APM Market Major Players
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
Global APM Market Trend: Advancements In Automated People Mover Systems For Enhanced Urban Mobility
Major companies operating in the automated people mover market are developing advanced driverless train systems to reduce automobile congestion and traffic and provide a quick and efficient mobility choice. A driverless train system is a form of rapid transit system that runs without an onboard driver or conductor, allowing for accurate train positioning and wireless communication between trains and trackside equipment for safe operation. For instance, in August 2022, a US-based international airport company, Los Angeles International Airport (LAX), launched the first automated people mover (APM) train car. The trains will have a capacity of up to 200 passengers and travel at a speed of 47 mph. The train cars are 98% recyclable and will reduce pollution by reducing the number of automobiles entering the airport's primary terminal area. The maintenance and storage building features solar panels and high-efficiency mechanical and electrical systems. Each train car contains four vehicles with more extensive doors to accommodate passengers and their belongings.
APM Market Merger And Acquisition: Alstom SA Acquires Bombardier Transportation To Expand Rail Market Presence
In January 2021, Alstom SA, a France-based rolling stock manufacturer, acquired Bombardier Transportation for approximately $7.00 billion. The acquisition aimed to boost Alstom's position in the broader rail transportation market by expanding its geographic reach, product portfolio, and R&D capabilities. Bombardier Transportation is a Germany-based rail transport company that manufactures the Innovia APM 300, an automated people mover.
Regional Insights For The Global Automated People Mover Market
North America was the largest region in the automated people mover market in 2023. The regions covered in the automated people mover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automated people mover market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automated people mover market includes revenues earned by entities by providing services such as convenient and efficient travel, safety and security, reliability and operational efficiency, and accessibility. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated people mover also includes sales of propulsion systems, sensors, cameras, electrical components, and communication systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The automated people mover market research report is one of a series of new reports from The Business Research Company that provides automated people mover market statistics, including automated people mover industry global market size, regional shares, competitors with an automated people mover market share, detailed automated people mover market segments, market trends, and opportunities, and any further data you may need to thrive in the automated people mover industry. This automated people mover market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Source: https://www.thebusinessresearchcompany.com/report/automated-people-mover-global-market-report
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