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 US$ 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 US$ 176.29 million by 2034.
| Attributes | Details |
|---|---|
| Industry Size (2024) | US$ 113.65 million |
| Forecasted Industry Size (2034) | US$ 176.29 million |
| CAGR Estimation (2024 to 2034) | 4.4% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Principal Consultant
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.
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 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.
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 113.65 million |
| Projected Industry Size by 2034 | US$ 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 |
|
| Key Companies Profiled in the Analysis of Automated People Mover in Korea |
|
The estimated valuation of the automated people mover industry in Korea is US$ 113.65 million in 2024.
The anticipated CAGR for automated people mover in Korea through 2034 is 4.4%.
Demand for automated people mover in Korea is likely to reach US$ 176.29 million by 2034.
The airport is estimated to surpass the valuation of the urban transit soon.
Duo rail is projected to remain a key contributor in Korea.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By System Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By System Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By System Type, 2023 to 2033 5.3.1. Monorail 5.3.2. Duo Rail 5.3.3. Automated Guide Way Transit or Maglev 5.4. Y-o-Y Growth Trend Analysis By System Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By System Type, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Airport 6.3.2. Urban Transit 6.3.3. Amusements Parks 6.3.4. Shopping or Commercial Centres 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. South Gyeongsang 7.3.2. North Jeolla 7.3.3. South Jeolla 7.3.4. Jeju 7.3.5. Rest of Korea 7.4. Market Attractiveness Analysis By Region 8. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By System Type 8.2.2. By Application 8.3. Market Attractiveness Analysis 8.3.1. By System Type 8.3.2. By Application 8.4. Key Takeaways 9. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By System Type 9.2.2. By Application 9.3. Market Attractiveness Analysis 9.3.1. By System Type 9.3.2. By Application 9.4. Key Takeaways 10. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By System Type 10.2.2. By Application 10.3. Market Attractiveness Analysis 10.3.1. By System Type 10.3.2. By Application 10.4. Key Takeaways 11. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By System Type 11.2.2. By Application 11.3. Market Attractiveness Analysis 11.3.1. By System Type 11.3.2. By Application 11.4. Key Takeaways 12. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By System Type 12.2.2. By Application 12.3. Market Attractiveness Analysis 12.3.1. By System Type 12.3.2. By Application 12.4. Key Takeaways 13. Market Structure Analysis 13.1. Competition Dashboard 13.2. Competition Benchmarking 13.3. Market Share Analysis of Top Players 13.3.1. By Regional 13.3.2. By System Type 13.3.3. By Application 14. Competition Analysis 14.1. Competition Deep Dive 14.1.1. Siemens 14.1.1.1. Overview 14.1.1.2. Product Portfolio 14.1.1.3. Profitability by Market Segments 14.1.1.4. Sales Footprint 14.1.1.5. Strategy Overview 14.1.1.5.1. Marketing Strategy 14.1.1.5.2. Product Strategy 14.1.1.5.3. Channel Strategy 14.1.2. MITSUBISHI HEAVY INDUSTRIES, LTD. 14.1.2.1. Overview 14.1.2.2. Product Portfolio 14.1.2.3. Profitability by Market Segments 14.1.2.4. Sales Footprint 14.1.2.5. Strategy Overview 14.1.2.5.1. Marketing Strategy 14.1.2.5.2. Product Strategy 14.1.2.5.3. Channel Strategy 14.1.3. Doppelmayr Seilbahnen GmbH 14.1.3.1. Overview 14.1.3.2. Product Portfolio 14.1.3.3. Profitability by Market Segments 14.1.3.4. Sales Footprint 14.1.3.5. Strategy Overview 14.1.3.5.1. Marketing Strategy 14.1.3.5.2. Product Strategy 14.1.3.5.3. Channel Strategy 14.1.4. PT Len Industri (Persero) 14.1.4.1. Overview 14.1.4.2. Product Portfolio 14.1.4.3. Profitability by Market Segments 14.1.4.4. Sales Footprint 14.1.4.5. Strategy Overview 14.1.4.5.1. Marketing Strategy 14.1.4.5.2. Product Strategy 14.1.4.5.3. Channel Strategy 14.1.5. LEITNER AG 14.1.5.1. Overview 14.1.5.2. Product Portfolio 14.1.5.3. Profitability by Market Segments 14.1.5.4. Sales Footprint 14.1.5.5. Strategy Overview 14.1.5.5.1. Marketing Strategy 14.1.5.5.2. Product Strategy 14.1.5.5.3. Channel Strategy 14.1.6. Coester Group 14.1.6.1. Overview 14.1.6.2. Product Portfolio 14.1.6.3. Profitability by Market Segments 14.1.6.4. Sales Footprint 14.1.6.5. Strategy Overview 14.1.6.5.1. Marketing Strategy 14.1.6.5.2. Product Strategy 14.1.6.5.3. Channel Strategy 14.1.7. HYUNDAI ROTEM COMPANY 14.1.7.1. Overview 14.1.7.2. Product Portfolio 14.1.7.3. Profitability by Market Segments 14.1.7.4. Sales Footprint 14.1.7.5. Strategy Overview 14.1.7.5.1. Marketing Strategy 14.1.7.5.2. Product Strategy 14.1.7.5.3. Channel Strategy 14.1.8. IHI Corporation 14.1.8.1. Overview 14.1.8.2. Product Portfolio 14.1.8.3. Profitability by Market Segments 14.1.8.4. Sales Footprint 14.1.8.5. Strategy Overview 14.1.8.5.1. Marketing Strategy 14.1.8.5.2. Product Strategy 14.1.8.5.3. Channel Strategy 14.1.9. Alstom 14.1.9.1. Overview 14.1.9.2. Product Portfolio 14.1.9.3. Profitability by Market Segments 14.1.9.4. Sales Footprint 14.1.9.5. Strategy Overview 14.1.9.5.1. Marketing Strategy 14.1.9.5.2. Product Strategy 14.1.9.5.3. Channel Strategy 14.1.10. Bombardier 14.1.10.1. Overview 14.1.10.2. Product Portfolio 14.1.10.3. Profitability by Market Segments 14.1.10.4. Sales Footprint 14.1.10.5. Strategy Overview 14.1.10.5.1. Marketing Strategy 14.1.10.5.2. Product Strategy 14.1.10.5.3. Channel Strategy 15. Assumptions & Acronyms Used 16. Research Methodology
Explore Automotive Insights
View Reports
Automated People Mover Industry Analysis in Korea
