Ambient Assisted Living Market Research Report - Global Forecast to 2027

Global Ambient Assisted Living Market Research Report, by System (Entertainment, Communication, Medical Assistance, Transportation), Sensor (Temperature, Occupancy), Service (Installation & Repair) – Forecast till 2027

ID: MRFR/SEM/0509-CR | April 2018 | Region: Global | 100 pages

Synopsis of Global Ambient Assisted Living Market


Market Scenario


The ambient assisted living is flourishing as a new trend along with smart homes. It can be defined as a system that delivers aid and assistance to the elderly population. These systems are designed to assist old age and differently-abled population to live independently. As the age increases, the risk of health also increases and so does the need for the continuous need for monitoring and medical assistance. The ambient assisted living market is expected to grow swiftly due to the advancement in the internet of things technologies and equipment for the smart home. Growing demand for managed care for the old population is one of the major factor driving the ambient assisted living market.


Advancement in smart technologies pertaining to smart homes and connected space mostly drives the market for the ambient assisted living. Additionally, the growing demand for managed care for old age population is also driving the market. Many government in different countries are engaging in various activities and initiatives related to ambient assisted living. The market for an ambient assisted living is staged to evolve in three stages of evolution. The first generation includes, wearable devices, emergency response system, and user-initiated alarms and the 2nd generation includes home sensors and automatic response systems. Third generation of the automation systems have not come out yet.


Considering the adoption rate of smart homes, the global household penetration has increased from 8% to 9% from 2016 to 2017. The products used in a smart home are wearable devices, home automation, devices for wellbeing, fitness, media & entertainment, home & personal security, and smart energy. The United States has seen the highest penetration rate of nearly 5% from the previous year. However, the U.K is closely following with an adoption rate of 3%. Considering ambient assisted living, which is an integral part of smart homes, with the higher smart home adoption, the market for ambient assisted living is estimated to flourish. Although the market mostly caters to the needs of the elderly population, the smart homes provide a better means of managing energy, resources, processes, and connectivity between the devices.


Segmentation


The Ambient Assisted Living market is segmented into system, sensors, and services.


Based on the system, the ambient assisted living market is sub-segmented into safety and security system, communication system, medical assistance system, power management system, entertainment, transportation and communication system, and others. The sensor segment is subdivided into temperature sensors, occupancy sensors and others. By services, the market is sub-categorized into customization & renovation and installation & repair.


Key Findings



  • Global Ambient Assisted Living Market has generated USD 2 billion in 2017 and is expected to reach a market value of USD 13 billion by 2027 growing with 19% CAGR.

  • By System, communication system is dominating the ambient assisted living market in 2017 whereas, Medical assistance systems is projected to be the fastest growing segment mounting with 22% CAGR

  • By Sensors, occupancy sensor is dominating the market in 2017 whereas, temperature sensors are expected to grow with 18% CAGR.

  • Geographically, North America region has been projected to hold the largest market share in the market whereas, Europe is expected to be the fastest growing market for Ambient Assisted Living.


Key Players


The Global Ambient Assisted Living Market consist of large number of players including - Assisted Living Technologies, Inc. (U.S.), Honeywell International, Inc. (U.S.), Siemens AG (Germany), Ingersoll Rand Plc. (Ireland), Legrand SA (France), ABB Group (Switzerland), Gnomon Informatics S.A. (Greece), Chubb Community Care (U.K.), Televic N.V. (Belgium), Telbios (Italy), and Panasonic Corporation (Japan).


Regional Analysis


For this study, Market Research Future has segmented the global Ambient Assisted Living market in four different regions namely, North America, Europe, Asia Pacific, and the Rest of the World.


Global Ambient Assisted Living market, by region is led by North America in 2017.  The increasing adoption of smart homes and high technical expertise are the major reasons for the dominance of North America in the market. U.S. is leading the market whereas Canada is expected to witness high growth rate in the coming future. Followed by Europe which is projected to grow with fastest growing CAGR. Asia-Pacific is considered to be the second fastest growing region due to increasing adoption of smart homes and network improvement in the region.


Intended Audience



  • Raw material and manufacturing equipment suppliers

  • Automation & control vendors

  • System integrators

  • Project consultants

  • Component manufacturers (sensors & controls)

  • Associations & standards

  • Government bodies involved in green buildings



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 13 Billion
  CAGR   19%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   System, Sensor, Service
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Assisted Living Technologies, Inc. (U.S.), Honeywell International, Inc. (U.S.), Siemens AG (Germany), Ingersoll Rand Plc. (Ireland), Legrand SA (France), ABB Group (Switzerland), Gnomon Informatics S.A. (Greece), Chubb Community Care (U.K.), Televic N.V. (Belgium), Telbios (Italy), and Panasonic Corporation
  Key Market Opportunities   The advancement in the internet of things technologies and equipment for the smart home.
  Key Market Drivers

  • Increasing adoption of smart homes.
  • The rising innovation of IoT technology.
  • Rising demand for managed care for the elderly


  • Frequently Asked Questions (FAQ) :


    The global ambient assisted living market recorded revenue generation of USD 2 billion in the base of 2017.

    The global ambient assisted living market is poised to register a market value of USD 13 billion at a CAGR of approximately 19% over the review period (2018-2027).

    The North America region is expected to the most significant, followed by the Asia Pacific and European regions due to massive consumer demand.

    The global ambient assisted living market is analyzed based on system, sensor, and application.

    The communication system segment is expanding at 22% CAGR, whereas the occupancy sensor segment is gaining traction at 18% CAGR over the review period.

    The global ambient assisted living market is influenced majorly by the increasing adoption of smart homes, and by the rising innovation of IoT technology.

    Some of the major market players operating in the global ambient assisted living market Assisted Living Technologies, Inc. (U.S.), Siemens AG (Germany), Honeywell International, Inc. (U.S.), and Panasonic Corporation (Japan), among others.

    1 Market Introduction

    1.1 Introduction

    1.2 Scope Of The Study

    1.2.1 Research Objective

    1.2.2 Assumption

    1.2.3 Limitation

    1.3 Market Structure

    2 Research Methodologies

    2.1 Research Process

    2.2 Primary Research

    2.3 Secondary Research

    2.4 Market Size Estimation

    2.5 Forecast Model

    3 Market Dynamics

    3.1 Introduction

    3.2 Market Growth Factors

    3.2.1 Advancement And Adoption Of Smart Home Technology

    3.2.2 Growing Demand Of Managed Care For Old Age Population

    3.2.3 Government Initiatives And Activities Related To Ambient Assisted Living Technology

    3.3 Market Challenges

    3.3.1 Lack Of Standards And Higher Technical Complexities

    3.3.2 Lack Of Connectivity And Consumer Awareness In Rural Areas

    3.4 Market Opportunities

    3.4.1 Growing Opportunities For ISP’s

    4 Executive Summary


    5 Market Factor Analysis

    5.1 Supply Chain Analysis

    5.1.1 Component Manufacturers

    5.1.2 Software Developers

    5.1.3 System Integrators

    5.1.4 Distribution Channel

    5.1.5 Customer/End-User

    5.2 Porter’s Five Forces Analysis

    5.2.1 Threat Of New Entrants

    5.2.2 Threat Of Rivalry

    5.2.3 Threat Of Substitute

    5.2.4 Bargaining Power Of Supplier

    5.2.5 Bargaining Power Of Buyer

    6 Global Ambient Assisted Living Market, By System

    6.1 Introduction

    6.2 Sub-Segment

    6.2.1 Safety & Security System

    6.2.2 Communication System

    6.2.3 Medical Assistance System

    6.2.4 Power Management System

    6.2.5 Entertainment

    6.2.6 Transportation And Communication Systems

    6.2.7 Others

    7 Global Ambient Assisted Living Market, By Sensors

    7.1 Introduction

    7.2 Sub-Segment

    7.2.1 Temperature Sensors

    7.2.2 Occupancy Sensors

    7.2.3 Others

    8 Global Ambient Assisted Living Market, By Service

    8.1 Introduction

    8.2 Sub-Segment

    8.2.1 Customization & Renovation

    8.2.2 Installation & Repair

    9 Global Ambient Assisted Living Market, By Region

    9.1 Introduction

    9.2 Market, By Regions

    9.2.1 North America

    9.2.1.1 U.S.

    9.2.1.2 Canada

    9.2.1.3 Mexico

    9.2.2 Europe

    9.2.2.1 U.K.

    9.2.2.2 Germany

    9.2.2.3 France

    9.2.2.4 Italy

    9.2.2.5 Rest Of Europe

    9.2.3 Asia-Pacific

    9.2.3.1 China

    9.2.3.2 Japan

    9.2.3.3 India

    9.2.3.4 Rest Of Asia Pacific

    9.2.4 Rest Of The World (RoW)

    9.2.4.1 The Middle East & Africa

    9.2.4.2 Latin America

    10 Competitive Landscape

    10.1 Introduction

    10.2 Market Share Analysis

    11 Company Profiles

    11.1 Siemens AG

    11.1.1 Company Overview

    11.1.2 Product/Services

    11.1.3 Strategy

    11.1.4 SWOT Analysis

    11.2 Honeywell International, Inc.

    11.2.1 Company Overview

    11.2.2 Product/Services

    11.2.3 Strategy

    11.2.4 SWOT

    11.3 ABB Group

    11.3.1 Company Overview

    11.3.2 Product/Services

    11.3.3 Strategy

    11.3.4 SWOT

    11.4 Panasonic Corporation

    11.4.1 Company Overview

    11.4.2 Product/Services

    11.4.3 Strategy

    11.4.4 SWOT Analysis

    11.5 United Technologies Corporation (Chubb Community Care)

    11.5.1 Company Overview

    11.5.2 Product/Services

    11.6 Assisted Living Technologies, Inc.

    11.6.1 Company Overview

    11.6.2 Product/Services

    11.7 Ingersoll Rand Plc.

    11.7.1 Company Overview

    11.7.2 Product/Services

    11.7.3 Strategy

    11.7.4 SWOT

    11.8 Legrand, S.A.

    11.8.1 Company Overview

    11.8.2 Product/Services

    11.8.3 Strategy

    11.8.4 SWOT Analysis

    11.9 Gnomon Informatics S.A.

    11.9.1 Company Overview

    11.9.2 Product/Services

    11.10 Televic Healthcare N.V.

    11.10.1 Company Overview

    11.10.2 Product/Services

    11.11 Telbios Srl

    11.11.1 Company Overview

    11.11.2 Product/Services

    12 List Of Tables

    TABLE 1 GLOBAL AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 2 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY SENSORS, 2020-2027 (USD MILLION)

    TABLE 3 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY SERVICE, 2020-2027 (USD MILLION)

    TABLE 4 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY REGION, 2020-2027 (USD MILLION)

    TABLE 5 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    TABLE 6 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 7 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    TABLE 8 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SERVICE, 2020-2027 (USD MILLION)

    TABLE 9 U.S. AMBIENT ASSISTED LIVING MARKET, BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 10 U.S. AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 11 U.S. AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 12 CANADA AMBIENT ASSISTED LIVING MARKET, BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 13 CANADA AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 14 CANADA AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 15 MEXICO AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 16 MEXICO AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 17 MEXICO AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 18 EUROPE AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    TABLE 19 EUROPE AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 20 EUROPE AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    TABLE 21 EUROPE AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 22 UK AMBIENT ASSISTED LIVING MARKET, BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 23 UK AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 24 UK AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 25 GERMANY AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 26 GERMANY AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 27 GERMANY AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 28 FRANCE AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 29 FRANCE AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 30 FRANCE AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 31 ITALY AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 32 ITALY AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 33 ITALY AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 34 REST OF EUROPE AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 35 REST OF EUROPE AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 36 REST OF EUROPE AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 37 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    TABLE 38 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 39 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    TABLE 40 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 41 CHINA AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 42 CHINA AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 43 CHINA AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 44 JAPAN AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 45 JAPAN AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 46 JAPAN AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 47 INDIA AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 48 INDIA AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 49 INDIA AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 50 REST OF ASIA PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION)

    TABLE 51 REST OF ASIA PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION)

    TABLE 52 REST OF ASIA PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    TABLE 53 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    TABLE 54 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 55 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    TABLE 56 REST OF WORLD AMBIENT ASSISTED LIVING MARKET, BY SERVICE, 2020-2027 (USD MILLION)

    TABLE 57 THE MIDDLE EAST & AFRICA AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 58 THE MIDDLE EAST & AFRICA AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    TABLE 59 THE MIDDLE EAST & AFRICA AMBIENT ASSISTED LIVING MARKET BY SERVICE, 2020-2027 (USD MILLION)

    TABLE 60 LATIN AMERICA AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    TABLE 61 LATIN AMERICA AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    TABLE 62 LATIN AMERICA AMBIENT ASSISTED LIVING MARKET BY SERVICE, 2020-2027 (USD MILLION)

    13 List Of Figures

    FIGURE 1 MRFR RESEARH PROCESS

    FIGURE 2 GLOBAL AMBIENT ASSISTED LIVING MARKET: DRIVERS AND CHALLENGES

    FIGURE 3 GLOBAL AMBIENT ASSISTED LIVING MARKET: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4 GLOBAL AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    FIGURE 5 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY SENSORS, 2020-2027 (USD MILLION)

    FIGURE 6 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY SERVICE, 2020-2027 (USD MILLION)

    FIGURE 7 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY REGION, 2020-2027 (USD MILLION)

    FIGURE 8 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 9 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    FIGURE 10 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    FIGURE 11 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SERVICE, 2020-2027 (USD MILLION)

    FIGURE 12 EUROPE AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 13 EUROPE AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    FIGURE 14 EUROPE AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    FIGURE 15 EUROPE AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    FIGURE 16 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 17 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    FIGURE 18 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    FIGURE 19 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION)

    FIGURE 20 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 21 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2020-2027 (USD MILLION)

    FIGURE 22 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2020-2027 (USD MILLION)

    FIGURE 23 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY SERVICE, 2020-2027 (USD MILLION)

    FIGURE 24 GLOBAL AMBIENT ASSISTED LIVING MARKET KEY PLAYERS MARKET SHARE, 2020 (%)