Automated People Mover Industry Analysis in Korea

Studying the Potential of Automated People Mover in Korea from 2024 to 2034

The automated people mover industry in Korea is set for significant growth until 2034, with an anticipated CAGR of 4.4% specifically in the South Gyeongsang and North Jeolla regions.The demand for automated people mover in Korea has evolved into a mainstream industry, and this trajectory is set to drive the sector to an estimated valuation of approximately USD 113.65 million in 2024.

With a promising outlook and consumers' growing reliance on online shopping platforms, the projected demand for automated people mover in Korea is expected to reach an impressive USD 176.29 million by 2034.

Attributes	Details
Industry Size (2024)	USD 113.65 million
Forecasted Industry Size (2034)	USD 176.29 million
CAGR Estimation (2024 to 2034)	4.4%

Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities

• The increasing applications of automated people mover (APM) at airports, urban transit networks, amusement parks, and commercial centers contribute to industry expansion. Their versatility and adaptability to different environments make them a preferred choice for various sectors in Korea.
• Automated people mover fulfills this need by offering accessibility, maximum passenger capacity, and reduced headways, making them an integral part of addressing urban transportation challenges.
• With the transformation of urban transit networks, there is a growing need for quick and comfortable transportation solutions. Automated people mover fulfills these needs by offering accessibility, maximum passenger capacity, and reduced headways, making them integral to addressing urban transportation challenges.

Key Trends Influencing the Demand for Automated People Mover in Korea

• The increasing preference for automated people mover in Korea can be attributed to their ability to incur fewer maintenance costs than conventional transit systems. With a design focused on reliability and efficiency, automated people mover incurs lower maintenance expenses, contributing to their growing popularity.
• There is a rising demand for fast, reliable, and cost-effective transportation solutions in Korea, driving the adoption of automated people mover in Korea. These systems offer efficient design solutions and lower lifecycle costs, making them attractive alternatives for urban transit needs.
• As urbanization continues in Korea, the demand for efficient transportation systems becomes imperative. Automated people mover is well-suited for urban environments, providing quick and dependable transit solutions. The industry is expected to grow significantly as cities evolve and require innovative transportation options.

Country-wise Insights

Korea’s Provinces Embrace Cutting-edge APM Transport for Growing Air Passenger Numbers

South Gyeongsang is experiencing a substantial increase in air passenger numbers, prompting airport planners to prioritize enhancing passenger transit efficiency within and between airline terminals and bolstering airport security measures. To alleviate congestion and streamline the passenger experience, cutting-edge transportation technologies, particularly autonomous people movers, are being implemented.

Manufacturers in North Jeolla are actively exporting these advanced transportation solutions globally. The growth of the North Jeolla transportation industry, fueled by the nationwide expansion of public transportation networks, positions it as a highly opportunistic industry for automated people mover.

Category-wise insights

The table below highlights that duo rail and airports segments are likely to lead the system and application category in 2024.

Category	Industrial Share in 2024
Duo Rail	80.3%
Airports	63.4%

The Duo Rail Segment Holds a Dominant Position in the Industry

The duo rail segment is poised for significant growth, with a projected industrial share of 80.3%. Offering advantages in horizontal and vertical space utilization compared to traditional rail systems, duo rail systems feature broader vehicles elevated on slender support pillars, requiring minimal space. These attributes are expected to drive increased sales of duo rail systems in the coming years.

The Adoption of Automated People Mover in Airports to Remain High

Within the airport segment is a substantial absolute dollar opportunity, commanding an industry share of 63.4%. Automated people mover system, integral to airport infrastructure, are crucial for efficiently transporting passengers between terminals, contributing to this segment's industrial share.

Competitive Landscape

The competitive landscape for automated people mover in Korea is characterized by a strategic focus on innovation and efficiency. Key players employ expansion strategies, investing in research and development to enhance APM technologies.

Emphasis is placed on developing eco-friendly and energy-efficient solutions to support sustainability goals. Additionally, collaborations with urban development projects and airport expansions are pursued to capture industry share. The industry prioritizes customer-centric approaches, modifying APM systems to meet diverse urban transit needs.

Recent Developments Observed in Automated People Mover in Korea

• Siemens AG is a global conglomerate that operates in various sectors, including transportation. They are known for providing solutions in the field of automated people mover and transportation systems.
• Bombardier Transportation is a multinational company with aerospace and rail transportation expertise. They have been involved in the development of people-mover systems.

Some of the Key Players Offering Automated People Mover in Korea

• Siemens AG
• Bombardier Transportation
• Mitsubishi Heavy Industries, Ltd. (MHI)
• Hitachi, Ltd.
• Thyssenkrupp
• Doppelmayr Group

Report Scope

Attribute	Details
Estimated Industry Size in 2024	USD 113.65 million
Projected Industry Size by 2034	USD 176.29 million
Anticipated CAGR between 2024 to 2034	4.4% CAGR
Demand Forecast for Automated People Mover in Korea	2024 to 2034
Report Coverage	Industry Size, Industry Trends, Analysis of key factors influencing the Automated People Mover Industry in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Provinces Analyzed while Studying Growth Opportunities for Automated People Mover in Korea	South Gyeongsang, North Jeolla, South Jeolla, Jeju
Key Companies Profiled in the Analysis of Automated People Mover in Korea	Siemens AG; Bombardier Transportation; Mitsubishi Heavy Industries, Ltd. (MHI); Hitachi, Ltd.; Thyssenkrupp; Doppelmayr Group

Key Segments Covered in the Korea Automated People Mover Industry Analysis

By System Type:

• Monorail
• Duo Rail
• Automated Guide Way Transit or Maglev

By Application:

• Airport
• Urban Transit
• Amusements Parks
• Shopping or Commercial Centers
• Others

By Province:

• South Gyeongsang
• North Jeolla
• South Jeolla
• Jeju

Frequently Asked Questions

How Big is the Automated People Mover Industry in Korea?

The estimated valuation of the automated people mover industry in Korea is USD 113.65 million in 2024.

At What Rate is the Automated People Mover Ecosystem Growing in Korea?

The anticipated CAGR for automated people mover in Korea through 2034 is 4.4%.

How Big will the Automated People Mover Industry be in Korea?

Demand for automated people mover in Korea is likely to reach USD 176.29 million by 2034.

Which is the Preferred Application of Automated People Mover in Korea?

The airport is estimated to surpass the valuation of the urban transit soon.

Which System Size Contributes Significantly?

Duo rail is projected to remain a key contributor in Korea.