1. Market Research
  2. > Construction
  3. > Building Products Market Trends

Ambient Assisted Living and Smart Home Market by Product, Services, Assisted Living, Product and Region - Global Trend & Forecast to 2020

  • January 2016
  • 199 pages
  • MarketsandMarkets
Report ID: 3577825

Summary

Table of Contents

Search Inside

“The increased safety and security concerns would drive the smart home market”
The smart home market size is estimated to grow from USD 25.38 billion in 2015 to USD 56.18 billion by 2020, at a CAGR of 17.2% between 2015 and 2020. It is driven by factors such as increased safety and security concerns, rising demands for energy saving and low carbon emission-oriented solutions.

“Growing aging population would drive the assisted living market”
The ambient assisted living market size is estimated to grow from USD 1.20 billion in 2015 to USD 3.96 billion by 2020, at a CAGR of 22.4% between 2015 and 2020. The growing aging population and rising demands for managed healthcare would drive the ambient assisted living market.

“Security and access control to gain maximum traction during the forecast period”
Security and access control is estimated to hold the largest market share duing the forecast period. Furthermore, due to the rise in safety and security concerns, the market for security and access control is expected to gain traction and grow at the highest CAGR in the next five years.

“Medical assistive products and telemedicine/telemonitoring to grow at high rates during the forecast period”
Medical assistive products and telemedicine/telemonitoring markets are expected to grow at higher rates compared to other segments during the forecast period. Increasing aging population demading for managed healthcare and increasing chronic diseases among people are major driving factors for the growth of this market.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is as given below:

- By Company Type: Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
- By Designation: C level – 60%, Director level – 25%, Others – 15%
- By Region: North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%

Due to the accelerated growth in smart-home centric wireless protocols and increasing number of activities in the ambient assisted living joint programme (AAL JP), the smart home and ambient assisted living market finds huge opportunity to proliferate in the next five years.

Various key smart home and ambient assisted living vendors profiled in the report are as follows:
1. Honeywell International, Inc. (U.S.)
2. Siemens AG (Germany)
3. Schneider Electric S.E. (France)
4. Ingersoll Rand Plc. (Ireland)
5. Legrand SA (France)
6. ABB Group (Switzerland)
7. Medic4all group (Switzerland)
8. Tunstall Healthcare Ltd. (U.K.)
9. Chubb Community Care (U.K.)
10. Televic N.V. (Belgium)
11. Telbios (Italy)
12. Vitaphone GmbH (Germany)
13. GETEMED AG (Germany)
14. Koninklijke Philips N.V. (Netherlands)
15. CareTech AB (Sweden)
16. Assisted Living Technologies, Inc. (U.S.)

The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the smart home and ambient assisted living market comprehensively and provides the closest approximations of the size of the overall market and sub-segments basw different products and regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders better understand a competitor and gain more insights to improve their position in the business. The competitive landscape section includes the competitor ecosystem, new product develpoments, partnerships, and mergers & acquisitions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Smart Building Market by Type, Building Type And Region - Global Forecast to 2022

  • $ 7150
  • Industry report
  • August 2017
  • by MarketsandMarkets

The growing need for integrated security and safety systems in buildings is one of the key factors expected to drive the growth of the smart building market. The smart building market is projected to grow ...

Smart Home Market by Product, Software & Service, and Geography - Global Forecast to 2023

  • $ 7150
  • Industry report
  • July 2017
  • by MarketsandMarkets

“Smart home market expected to grow at a CAGR of 13.61% between 2017 and 2023” The global market for smart homes was valued at USD 54.97 billion in 2016 and is likely to reach USD 137.91 billion by ...

Building Management System Market by Software, Service, Application, and Geography - Global Forecast to 2023

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“The building management system market estimated to grow at a CAGR of 16.71% between 2017 and 2023” The building management system (BMS) market was valued at USD 6.65 billion in 2016 and is expected ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.