Automated People Mover System Market Summary
According to the new market research report “Global Automated People Mover System Market Report 2023-2029”, published by QYResearch, the global Automated People Mover System market size is projected to reach USD 1.77 billion by 2029, at a CAGR of 5.6% during the forecast period.
Figure. Global Automated People Mover System Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Automated People Mover System Market Report 2023-2029.
The Automated People Mover (APM) System market refers to the market for transportation systems that are designed to move passengers within airports, campuses, and other controlled environments without human operation. APM systems offer a convenient and efficient mode of transportation, eliminating the need for conventional vehicles and reducing congestion.
The APM system market has been experiencing steady growth in recent years, and this trend is expected to continue in the coming years. One of the key drivers of the market growth is the increasing need for efficient and sustainable transportation solutions. APM systems are known for their energy efficiency, low emissions, and ability to move large volumes of passengers quickly. With the growing awareness of environmental concerns and the need to reduce carbon footprints, APM systems are being adopted as a more sustainable mode of transportation in various settings.
Additionally, the rapid urbanization and increasing population densities in cities are driving the demand for efficient transportation infrastructure. APM systems help alleviate traffic congestion and provide a seamless and reliable transportation experience within controlled environments, such as airports, large campuses, and urban centers. This has led to the implementation of APM systems in various cities globally, further contributing to the market growth.
Another factor driving the APM system market is the technological advancements in automation and transportation systems. The integration of advanced technologies like artificial intelligence, sensor technology, and real-time data analytics has improved the performance, safety, and functionality of APM systems. These advancements have made APM systems more reliable, efficient, and capable of handling increased passenger volumes, driving their adoption across different sectors.
In terms of regional trends, North America is currently the largest market for APM systems, driven by the presence of major airports and transportation hubs in the region. Moreover, the increasing investments in airport infrastructure and the emphasis on passenger comfort and convenience are propelling the demand for APM systems in North America. However, the market is also witnessing significant growth in Asia Pacific, primarily due to the rapid urbanization and infrastructure development in countries like China, India, and Japan.
Overall, the APM system market is expected to witness significant growth in the coming years, driven by the need for sustainable transportation solutions, urbanization, technological advancements, and the emphasis on efficient transportation infrastructure.
Figure. Global Automated People Mover System Top 5 Players Ranking and Market Share（Continually updated）
Based on or includes research from QYResearch: Global Automated People Mover System Market Report 2023-2029.
According to QYResearch Top Players Research Center, the global key manufacturers of Automated People Mover System include Alstom, Siemens, Hitachi Rail, Mitsubishi Heavy Industries, Doppelmayr Cable Car, etc. In 2022, the global top four players had a share approximately 68.0% in terms of revenue.
Figure. Automated People Mover System, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Automated People Mover System Market Report 2023-2029.
In terms of product type, currently Heavy APMs is the largest segment, hold a share of 69.5%.
Figure. Automated People Mover System, Global Market Size, Split by Application Segment
Based on or includes research from QYResearch: Global Automated People Mover System Market Report 2023-2029.
In terms of product application, currently Airports is the largest segment, hold a share of 69.9%.
Figure. Automated People Mover System, Global Market Size, Split by Region
Based on or includes research from QYResearch: Global Automated People Mover System Market Report 2023-2029.
About The Authors
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Bin Song - The main analyst of this article |
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Email: SongBin@qyresearch.com
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Mr. Song has 10 years of industry research experience, focusing on the research of electronics and semiconductors and other related fields, including semiconductor equipment and components, semiconductor materials, consumer electronics, new materials, etc. |
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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