Market Definition:
An Automated People Mover (APM) is a type of automated guideway transit (AGT), which is a fully automated, driverless system that transports passengers within airports, hotels, business parks, or other limited-access sites. APMs typically operate on a dedicated right-of-way, and are either powered by electric batteries or rubber tires. The first APM system was installed at the Cincinnati/Northern Kentucky International Airport in 1971, and the technology has been continuously evolving since then.
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Market Outlook:
The key trends in Automated People Mover technology are:
1. Increased use of artificial intelligence and machine learning: Automated People Movers are increasingly using artificial intelligence and machine learning technologies to improve their operations. This includes using these technologies to better predict passenger demand, optimize routes and schedules, and improve safety and security.
2. Increased use of biometrics: Automated People Movers are increasingly using biometrics technologies to improve security and reduce passenger fraud. This includes using biometrics to verify passenger identities and track passenger movements.
3. Increased use of sensors and data: Automated People Movers are increasingly using sensors and data to improve their operations. This includes using sensors to track passenger movements and monitor equipment performance. Automated People Movers are also using data to better understand passenger behavior and to improve customer service.
4. Improved connectivity: Automated People Movers are increasingly connecting to other systems, such as building management systems and security systems. This allows for better coordination of operations and improved security.
Key Drivers
The key drivers of the Automated People Mover market are the increasing demand for efficient and cost-effective transportation solutions, the need for reducing traffic congestion, and the need for reducing emissions.
Restraints & Challenges
The key restraints and challenges in Automated People Mover market are:
1. Funding: Automated People Movers (APMs) are expensive to build and maintain, and there is often a lack of government funding available to support their development.
2. Infrastructure: APMs require dedicated infrastructure, which can be difficult to implement in existing urban environments.
3. Public Acceptance: APMs can be seen as intrusive or disruptive, and there is often resistance from the public to their introduction.
4. Technology: APMs are complex systems, and the technology is constantly evolving. This can make it difficult to keep up with the latest developments and ensure that the systems are reliable.
Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The Automated People Mover Market is segmented by system type, application and region. By system type, the market is divided into monorail, duo rail, and automated guideway transit. By application, the market is classified into airport, urban transit, amusements parks, shopping or commercial centers, and others. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Automated People Mover Market are Siemens, Mitsubhishi Heavy Industries, Doppelmayr Seilbahnen GmbH, PT Len Industri (Persero), LEITNER AG, Coester Group, Hyundai Rotem Company, IHI Corporation, Alstom, and LAX Integrated Express Solutions.
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Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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