The automated people mover market is expected to reach USD 899.3 million in 2033, with a compound annual growth rate (CAGR) of 6.05%

The market for automated passenger transporters is expected to experience steady growth, while maintaining a 6.05% Compound Annual Growth Rate (CAGR) and achieve an appreciation of $899.3 million by 2033. This market expansion reflects the increasing adoption of automated transit systems in airports, urban areas and amusement parks to improve transportation efficiency and passenger convenience.

With technological advancements and an increasing focus on reducing congestion and emissions, the demand for reliable and efficient passenger transportation is expected to continue to grow, making them an integral part of modern transportation infrastructure.

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Key findings from the report on the automated passenger transport market:

• The expected size of the automated people mover market in 2018 was USD 299.7 million.
• The expected size of the automated passenger transport market in 2022 was USD 486.7 million.
• The global automated people mover market grew at a compound annual growth rate (CAGR) of 5.28% between 2018 and 2022.
• North America has a 76.7% market share of the automated people mover market.
• The United Kingdom is growing at a CAGR of 6.97%.
• Based on application segment, airports are expected to have a market share of 66%.
• Based on the system segment type, the duorail segment is expected to grow in value at a CAGR of 6.0%.

Market drivers:

Urbanization and population growth:Rapid urbanization and population growth in cities and metropolitan areas increase the demand for efficient and sustainable transport solutions to address congestion, pollution and mobility problems.

Expansion and modernization of airports:The increasing number of passengers in the air and the expansion of airport facilities are driving the demand for APM systems. These systems provide seamless connectivity between airport terminals, parking facilities, car rental companies and other airport facilities.

Solutions for urban mobility:APM systems are part of integrated urban mobility solutions, providing last-mile connectivity, connections to public transport hubs and efficient transport options for city residents, commuters and visitors.

Smart Cities Initiatives:Smart city initiatives and urban development projects are prioritizing the implementation of APM systems as part of comprehensive transportation networks to promote sustainable mobility, reduce carbon emissions and improve quality of life.

Market overview:
The automated passenger transport market responds to the growing demand for efficient and sustainable transport solutions in urban and high-traffic areas.

APM systems are designed to operate on dedicated guideways or tracks, using automated vehicles or trains to transport passengers within a controlled environment between predefined stations or terminals.

These systems offer benefits such as shorter travel times, better accessibility, increased safety and a lower environmental impact compared to traditional forms of transport.

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Main cast

• Siemens
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Doppelmayr Sailing Jobs GmbH
• PT Len Industrie (Persero)
• LEITNER AG
• Coester Group
• HYUNDAI ROTEM COMPANY
• IHI Corporation
• Alstom
• Bombardier
• Verdict Media Limited
• TPI composites

Recent developments:

• In July 2023, Siemens is investing €1 billion in Germany, creating a blueprint for the industrial metaverse in the Nuremberg metropolitan region.
• In April 2023, Siemens Digital Industries Software and IBM have announced that they will likely expand their long-standing partnership by collaborating to develop a combined software solution that integrates their respective products for systems engineering, service lifecycle management and asset management.

Automated market segmentation for passenger transport:

By system type:

• Monorail
• Duo rail
• Automated guideway or magnetic levitation track

On request:

• Airport
• Urban public transport
• Amusement parks
• Shopping or commercial centres
• Others

Per region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and the Pacific
• The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award recipient, and member of the Greater New York Chamber of Commerce) provides deep insights into the drivers that are driving demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food & Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a large team of more than 400 analysts worldwide, FMI offers global, regional, and local expertise across a variety of domains and industry trends in more than 110 countries.

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