Ambient Assisted Living Market Overview
Market Research Future (MRFR) reveals
factors that are can impact the global ambient
assisted living market 2020 in the latest report. As per MRFR
assessment, the Ambient Assisted Living global Market is expected to rise
exponentially at 19% CAGR across the analysis period. The ambient assisted
living market valuation can escalated from USD 2 Billion to USD 13 Billion by
2027.
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Segmental
Analysis
The segment evaluation of the ambient
assisted living market is done by system, service, and sensor.
·
The system based segments of the ambient
assisted living market are medical assistance system, communication system,
transportation, safety and security systems, entertainment, communication
system, and power management system among others. The communication system
segment is expected to earn high revenue for the market.
·
The sensor based segments of the ambient
assisted living market are occupancy sensors, and temperature sensors among
others. The temperature sensors can rise at 18% CAGR in the review period.
·
The services based segments of the ambient
assisted living market are installation & repair, and customization &
renovation.
Ambient
Assisted Living Drivers and Restraints
The growing trend of ambient assisted
living innovations due to the booming smart homes business can support the
expansion of the market in the years to come. The rise in risk of infection and
growing need for continuous supervision, along with medical assistance is
creating high demand for ambient assisted living market in the years to come.
This is expected to impel the expansion of the market across the review period.
The increase in development across smart home technology and surge in the
demand for internet can prompt the expansion of the ambient assisted living
market in the years to come. The rise in the demand for managed care for the
expanding elderly populace can also prompt the need for environmentally
assisted living market, which, in turn, can support the expansion of the
ambient assisted living market in the near future.
Advancements in modern technologies
associated to wired room and smart homes and are simplifying the need for
environmentally assisted living proceedings. Meanwhile, the demand for managed
care for elderly people is surging. Governments across the globe are invested
in different activities and initiatives that are related to ambient assisted
living solutions. These can promote the expansion of the ambient assisted
living market in the years to come. The rise in demand for home automation,
devices for wellbeing, wearable devices, media & entertainment, fitness,
home & personal security, and smart energy can add momentum to the
expansion of the ambient assisted living market growth.
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Regional
Analysis
Trends of the global ambient assisted
living market is studied across Asia Pacific, North America, Europe, and the
rest of the world. North America Ambient Assisted Living market is expected to
thrive in the years to come. The market in North America is likely to hold the
highest market share and dominate the global assisted living market. The
increase in the adoption of smart homes and rise in need for technological
know-how are some critical reasons that are responsible for the rise of the
North America's supremacy in the sector. The U.S. is likely to head the
regional market in the years to come. Canada is expected to rise at a steady
pace.
Ambient
Assisted Living Competitive Analysis-
Gnomon Informatics S.A. (Greece),
Assisted Living Technologies, Inc. (U.S.), Honeywell International, Inc.
(U.S.), Legrand SA (France), Siemens AG (Germany), Ingersoll Rand Plc.
(Ireland), Chubb Community Care (U.K.), ABB Group (Switzerland), Telbios
(Italy), Panasonic Corporation (Japan), and Televic N.V. (Belgium) are some
reputed names in the ambient assisted living market as listed by MRFR.
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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
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