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% |
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.
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 | 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 |
Table 1: Industry Analysis and Outlook Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Industry Analysis and Outlook Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Industry Analysis and Outlook Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 4: Industry Analysis and Outlook Volume (Units) Forecast by System Type, 2018 to 2033
Table 5: Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 6: Industry Analysis and Outlook Volume (Units) Forecast by Application, 2018 to 2033
Table 7: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 8: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by System Type, 2018 to 2033
Table 9: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 10: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Application, 2018 to 2033
Table 11: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 12: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by System Type, 2018 to 2033
Table 13: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 14: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Application, 2018 to 2033
Table 15: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 16: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by System Type, 2018 to 2033
Table 17: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 18: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Application, 2018 to 2033
Table 19: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 20: Jeju Industry Analysis and Outlook Volume (Units) Forecast by System Type, 2018 to 2033
Table 21: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 22: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Application, 2018 to 2033
Table 23: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 24: Rest of Industry Analysis and Outlook Volume (Units) Forecast by System Type, 2018 to 2033
Table 25: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 26: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Application, 2018 to 2033
Figure 1: Industry Analysis and Outlook Value (US$ Million) by System Type, 2023 to 2033
Figure 2: Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 3: Industry Analysis and Outlook Value (US$ Million) by Region, 2023 to 2033
Figure 4: Industry Analysis and Outlook Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Industry Analysis and Outlook Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Industry Analysis and Outlook Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 9: Industry Analysis and Outlook Volume (Units) Analysis by System Type, 2018 to 2033
Figure 10: Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 11: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 12: Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 13: Industry Analysis and Outlook Volume (Units) Analysis by Application, 2018 to 2033
Figure 14: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 15: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 16: Industry Analysis and Outlook Attractiveness by System Type, 2023 to 2033
Figure 17: Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 18: Industry Analysis and Outlook Attractiveness by Region, 2023 to 2033
Figure 19: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by System Type, 2023 to 2033
Figure 20: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 21: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 22: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by System Type, 2018 to 2033
Figure 23: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 24: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 25: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 26: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Application, 2018 to 2033
Figure 27: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 28: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 29: South Gyeongsang Industry Analysis and Outlook Attractiveness by System Type, 2023 to 2033
Figure 30: South Gyeongsang Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 31: North Jeolla Industry Analysis and Outlook Value (US$ Million) by System Type, 2023 to 2033
Figure 32: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 33: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 34: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by System Type, 2018 to 2033
Figure 35: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 36: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 37: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 38: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Application, 2018 to 2033
Figure 39: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 40: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 41: North Jeolla Industry Analysis and Outlook Attractiveness by System Type, 2023 to 2033
Figure 42: North Jeolla Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 43: South Jeolla Industry Analysis and Outlook Value (US$ Million) by System Type, 2023 to 2033
Figure 44: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 45: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 46: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by System Type, 2018 to 2033
Figure 47: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 48: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 49: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 50: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Application, 2018 to 2033
Figure 51: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 52: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 53: South Jeolla Industry Analysis and Outlook Attractiveness by System Type, 2023 to 2033
Figure 54: South Jeolla Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 55: Jeju Industry Analysis and Outlook Value (US$ Million) by System Type, 2023 to 2033
Figure 56: Jeju Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 57: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 58: Jeju Industry Analysis and Outlook Volume (Units) Analysis by System Type, 2018 to 2033
Figure 59: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 60: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 61: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 62: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Application, 2018 to 2033
Figure 63: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 64: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 65: Jeju Industry Analysis and Outlook Attractiveness by System Type, 2023 to 2033
Figure 66: Jeju Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 67: Rest of Industry Analysis and Outlook Value (US$ Million) by System Type, 2023 to 2033
Figure 68: Rest of Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 69: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 70: Rest of Industry Analysis and Outlook Volume (Units) Analysis by System Type, 2018 to 2033
Figure 71: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 72: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 73: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 74: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Application, 2018 to 2033
Figure 75: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 76: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 77: Rest of Industry Analysis and Outlook Attractiveness by System Type, 2023 to 2033
Figure 78: Rest of Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
The estimated valuation of the automated people mover industry in Korea is USD 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 USD 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.
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