Automated People Mover Market to Grow at 6.05% CAGR, Reaching US$ 899.3 Million by 2033

The global automated people mover market in 2022 was US$ 486.7 million and is estimated to be US$ 499.8 million in 2023. FMI opines that the automated people mover market is predicted to expand at a CAGR of 6.05% between 2023 and 2033, totaling around US$ 899.3 million by 2033.

The high adaptability of automated people mover requires low capital investments whilst providing the requirements of low capital investments ensuring maximum passenger room in the system to accelerate the automated people mover market growth. Additionally, the rise in demand for these movers especially due to the necessity of efficient interconnection between airport terminals and city centers acts as one of the key factors driving the growth of the automated people mover market.

Request a Sample of this Report:

The rise in demand for sustainable and reliable transport solutions, with urbanization and a surge in investment positively affects the automated people mover market. Further, the surge in preference toward automated people movers over conventional transit systems imposes fewer maintenance costs. While the latter imposes fewer maintenance costs causing high expenses and further influencing the automated people mover market.

Key Takeaways from the Market Study

  • The anticipated size of the automated people mover market in 2018 was US$ 299.7 million.
  • The anticipated size of the automated people mover market in 2022 was US$ 486.7 million.
  • The global automated people mover market expanded at a CAGR of 5.28% between 2018 and 2022.
  • North America holds a market share of 76.7% in the automated people mover market.
  • The United Kingdom expands at a CAGR of 6.97%.
  • Based on the application segment, airports are projected to hold a market share of 66%.
  • Based on the system type segment, the duo rail segment is anticipated to expand at a CAGR of 6.0% in terms of value.

“Concentrating on both contracts and commercial opportunities in order to maintain project retention is one of the key opportunities for automated people mover manufacturers”, comments a Future Market Insights analyst.

Competition Landscape

Key automated people mover manufacturers are also working to improve the safety of autonomous movers. Also, contracts and agreements, new product development, and partnerships are among the prominent strategies used by leading players to expand their global presence.

Key Companies Profiled

  • Siemens
  • Doppelmayr Seilbahnen GmbH
  • PT Len Industri (Persero)
  • Coester Group
  • IHI Corporation
  • Alstom
  • Bombardier
  • Verdict Media Limited
  • TPI Composites

Direct Purchase of this Report:

Key Developments of the Key Players in the Automated People Mover Market

  • In July 2023, Siemens invests €1 billion in Germany and creates a blueprint for the industrial metaverse in Nuremberg metropolitan region.
  • In April 2023, Siemens Digital Industries Software and IBM announced they are likely to be expanding their long-term partnership by collaborating to develop a combined software solution integrating their respective offerings for systems engineering, service lifecycle management, and asset management.

Key Segment

System Type

  • Monorail
  • Duorail
  • Automated Guideway Transit or Maglev


  • Airports
  • Urban Transit
  • Amusement Parks
  • Shopping or Commercial Centers
  • Others


  • North America
  • Latin America
  • Europe, Middle East & Africa
  • East Asia
  • Asia Pacific

Explore FMI’s Extensive Ongoing Coverage on Automotive Domain

Railway Telematics Market:

Automotive ADAS (Advanced Driver Assistance Systems) Market:

Aircraft Sensors Market:

About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.


Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Browse All Reports: