Automated People Mover (APM) Modernization Global Market Report 2025

The automated people mover (APM) modernization market size has grown strongly in recent years. It will grow from $3.98 billion in 2024 to $4.31 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increasing urban transportation demand, rising government investments in public transit, expansion of airport infrastructure projects, greater focus on reducing traffic congestion, and growing adoption of driverless transportation systems.

The automated people mover (APM) modernization market size is expected to see strong growth in the next few years. It will grow to $5.87 billion in 2029 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to increasing emphasis on sustainable and energy-efficient transport systems, rising demand for modernization of existing transit infrastructure, growing passenger preference for safe and reliable transport, and increasing funding for mobility infrastructure enhancement. Key trends in the forecast period include technological advancements, innovation in control and propulsion systems, investment in research and development, development of energy-efficient modernization solutions, and adoption of predictive maintenance technologies.

The growing investment in transportation infrastructure is expected to propel the growth of the automated people mover (APM) modernization market going forward. Transport infrastructure is the network of physical structures such as roads, bridges, railways, and airports that enable movement of people and goods. This investment is driven by the need to improve connectivity, as it enhances mobility, supports economic growth, and enables more efficient movement of people and goods. Investments in transportation infrastructure support automated people mover modernization by enabling system upgrades and technology integration. They improve connectivity, efficiency, and safety within transit networks, promoting sustainable mobility and enhancing passenger experience. For example, in October 2024, the US Department of Transportation reported that investment in bridge projects rose to $635 million in 2024, up from previous allocations under the bridge investment program. Therefore, the rising investment in transportation is driving growth in the automated people mover (APM) modernization market.

Key companies in the automated people mover (APM) modernization market are focusing on securing large-scale contracts, such as automated people mover system upgrade contracts, to enhance operational efficiency and passenger throughput at airports. An automated people mover system upgrade contract is a formal agreement between a service provider and a facility operator to modernize, enhance, or expand an existing APM system. For instance, in April 2024, Alstom S.A., a France-based rail transport and mobility solutions company, signed a contract to upgrade the Innovia Automated People Mover system at King Abdulaziz International Airport in Jeddah, Saudi Arabia. The upgrade involves adding four Innovia APM cars to the existing fleet, modernizing signaling and communication systems with the Cityflo 650 communications-based train control (CBTC) solution, installing platform screen doors, enhancing cybersecurity, and establishing a new operations control room aimed at increasing passenger capacity, improving operational efficiency, and supporting sustainable and safe airport transit.

In May 2025, Vanderlande Industries B.V., a Netherlands-based logistics automation company, acquired Siemens Logistics GmbH for an undisclosed amount. Through this acquisition, Vanderlande aims to expand its global footprint, leverage technological synergies, and deliver advanced, future-ready automation solutions that enhance efficiency and customer value across airport and logistics operations. Siemens Logistics GmbH is a Germany-based transport automation company involved in automated people mover (APM) systems and modernization services.

Major players in the automated people mover (APM) modernization market are Siemens AG, Hitachi Rail Limited, Sumitomo Corporation, CRRC Corporation Limited, Mitsubishi Heavy Industries Ltd., Kiewit Corporation, Fluor Corporation, AECOM, Otis Elevator Company, Jacobs Engineering Group Inc., Balfour Beatty plc, Alstom SA, Parsons Corporation, Keolis SA, Thales Group, Hyundai Rotem Company, Doppelmayr Cable Car GmbH & Co KG, Leitner AG, Intamin Transportation Ltd., and Poma Group.

North America was the largest region in the automated people mover (APM) modernization market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in automated people mover modernization report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automated people mover (APM) modernization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the transport services sector by driving up costs for vehicles, spare parts, and fuel, key inputs often sourced from tariff-affected regions. Freight operators, logistics providers, and public transportation systems are facing squeezed profit margins as higher equipment and maintenance costs coincide with limited ability to pass on these expenses to customers due to competitive pressures. The uncertainty has also delayed fleet modernization and the adoption of greener, more efficient vehicles, slowing progress toward sustainability goals. To adapt, transport firms are optimizing route planning, investing in fuel efficiency technologies, renegotiating supplier contracts, and exploring collaborative logistics models to share costs and mitigate the impact of higher tariffs.

The automated people mover (APM) modernization market research report is one of a series of new reports that provides automated people mover (APM) modernization market statistics, including automated people mover (APM) modernization industry global market size, regional shares, competitors with a automated people mover (APM) modernization market share, detailed automated people mover (APM) modernization market segments, market trends and opportunities, and any further data you may need to thrive in the automated people mover (APM) modernization industry. This automated people mover (APM) modernization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automated people mover (APM) modernization refers to the process of upgrading and enhancing automated transportation systems that carry passengers along fixed routes, typically within airports, urban areas, or large campuses. It involves replacing outdated infrastructure, vehicles, and control technologies with advanced, energy-efficient, and digitally integrated systems to improve safety, reliability, and passenger comfort. This modernization ensures seamless mobility, reduced operational costs, and greater adaptability to future transportation demands.

The main components of automated people mover (APM) modernization are hardware, software, and services. Hardware includes essential mechanical and electrical components such as propulsion systems, control units, and communication devices that enhance the efficiency and reliability of existing APM systems. It covers various system types, including monorail, automated guideway transit, cable-propelled APM, and others, with different modernization types including vehicle upgrades, control system upgrades, and infrastructure upgrades. Key applications include airports, urban transit systems, amusement parks, hospitals, and other facilities.

The automated people mover (APM) modernization market includes revenues earned by entities through software updates, automation and signaling upgrades, energy efficiency enhancements, cybersecurity improvements, installation of real-time monitoring systems, design and engineering consulting, and project management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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