Description
Ambient Assisted Living Market
Increasing age also increases the need for continuous monitoring and medical assistance. An ambient assisted living is a system that offers the necessary assistance to elderly population. The systems are designed to assist old age and differently-abled population to help them live independently.
Thus, ambient assisted living along with smart home applications makes one of the trending markets across the globe. Additionally, advancement in Internet of Things and rising awareness regarding smart home applications are likely to make a positive impact on the growth of ambient assisted living market over the forecast period.
Increasing demand for managed care for growing elderly population due to complex and costly health care needs has encouraged many organizations and government agencies to formulate various health care policies.
These initiatives help the old age population to live independently, cost-effectively and provide continuous primary and preventive care. However, many of the health-related issues often require third-person monitoring, that is currently lacking in most of the developed and emerging countries, as most of them are working professionals.
Major attention is towards the management of chronic diseases and improved coordination between smart medical devices and healthcare initiatives. In the light of these factors, the growing demand for managed care for old age population is likely to drive the ambient assisted living market over the assessment period.
However, lack of industry standards, higher technical complexities, and insufficient infrastructure in rural areas is likely to hinder the growth of ambient assisted living market during the forecast period.
The global ambient assisted living market is expected to reach approximately USD 13.74 billion by 2027 growing at a 19.36% CAGR over the forecast period 2017–2027.
Key Players
Some of the key players of ambient assisted living market are Siemens AG (Germany), Honeywell International Inc. (US), ABB Group (Switzerland), Panasonic Corporation (Japan), United Technologies Corporation (US), Assisted Living Technologies, Inc (US), Ingersoll Rand Plc (Ireland), Legrand S.A. (France), Gnomon Informatics Inc. (Greece), Televic Healthcare N.V. (Belgium), and Telbios SRL (Italy).
Key Findings
• The global ambient assisted living market is expected to reach USD 13.74 billion by 2027
• By system, the ambient assisted living market is expected to grow at a significant rate of CAGR during the forecast period.
• By sensor, occupancy sensor is expected to hold the largest market share and is presumed to remain the same over the next few years.
• By service, customization & renovation is likely to be the fastest growing segment during the assessment period.
• Geographically, the North American region has been projected to hold the largest market share whereas Asia-Pacific is likely to be the fastest growing region in the ambient assisted living market.
Segmentation
The ambient assisted living market is differentiated by system, sensors, and services.
Based on system, the ambient assisted living market is sub-segmented into safety & security systems, communication system, medical assistance system, power management system, entertainment, transportation and communication systems, and others. The ambient assisted living market is further divided on the basis of sensors that include temperature sensors, occupancy sensors, and others.
Based on service, the ambient assisted living market is segmented into customization & renovation and installation & repair.
Regional Analysis
Geographically, the ambient assisted living market is segmented into four different regions namely North America, Asia-Pacific, Europe, and the rest of the world.
North America was dominating the ambient assisted living market in 2017, gaining a 58% market share in 2017. The rising adoption of smart homes and high technical expertise are some of the major factors for the dominance of North America in the market. The US is the leading the market whereas Canada is expected to witness significant growth over the assessment period. Whereas, Europe is considered to be the second fastest growing region owing to increasing demand for safe and secure living environment.
Target Audience
• Solution vendors
• Original equipment manufacturers
• System integrators
• Advisory firms
• National regulatory authorities
• Venture capitalists
• Private equity groups
• Investment houses
• Equity research firms
Table of Contents
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
List of Tables
TABLE 1 GLOBAL MANAGED MOBILITY SERVICES MARKET BY TYPE, 2017-2023 (USD MILLION)
TABLE 2 GLOBAL MANAGED MOBILITY SERVICES MARKET, BY END USER, 2017-2023 (USD MILLION)
TABLE 3 GLOBAL MANAGED MOBILITY SERVICES MARKET, BY COUNTRY, 2017-2023, (USD MILLION)
TABLE 4 NORTH AMERICA MANAGED MOBILITY SERVICES MARKET, BY COUNTRY, 2017-2023 (USD MILLLION)
TABLE 5 NORTH AMERICA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 6 NORTH AMERICA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 7 U.S. MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 8 U.S. MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 9 CANADA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 10 CANADA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 11 MEXICO MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 12 MEXICO MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 13 EUROPE MANAGED MOBILITY SERVICES MARKET, BY COUNTRY, 2017-2023 (USD MILLLION)
TABLE 14 EUROPE MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 15 EUROPE MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 16 U.K MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION) 39
TABLE 17 U.K MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 18 GERMANY MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 19 GERMANY MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 20 FRANCE MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 21 FRANCE MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 22 REST OF EUROPE MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 23 REST OF EUROPE MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 24 ASIA PACIFIC MANAGED MOBILITY SERVICES MARKET, BY REGION, 2017-2023 (USD MILLLION)
TABLE 25 ASIA MANAGED MOBILE SERVICES MARKET, BY COUNTRY, 2017-2023, (USD MILLION)
TABLE 26 ASIA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 27 ASIA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, USD MILLION)
TABLE 28 CHINA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 29 CHINA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 30 JAPAN MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 31 JAPAN MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 32 SOUTH KOREA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 33 SOUTH KOREA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 34 INDIA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 35 INDIA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 36 REST OF ASIA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 37 REST OF ASIA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 38 REST OF THE WORLD MANAGED MOBILITY SERVICES MARKET, BY COUNTRY, 2017-2023 (USD MILLLION)
TABLE 39 REST OF THE WORLD MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 40 REST OF THE WORLD MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 41 MIDDLE EAST & AFRICA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 42 MIDDLE EAST & AFRICA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 43 LATIN AMERICA MANAGED MOBILE SERVICES MARKET, BY TYPE, 2017-2023, (USD MILLION)
TABLE 44 LATIN AMERICA MANAGED MOBILITY SERVICES MARKET, BY END USERS/APPLICATION, 2017-2023, (USD MILLION)
TABLE 45 IBM CORPORATION: RECENT DEVELOPMENT
TABLE 46 WIPRO LTD: RECENT DEVELOPMENT
TABLE 47 ORANGE S.A: RECENT DEVELOPMENT
TABLE 48 FUJITSU LTD: RECENT DEVELOPMENT
TABLE 49 AT&T INC: RECENT DEVELOPMENT
TABLE 50 TELEFÓNICA S.A: RECENT DEVELOPMENT
TABLE 51 VODAFONE GROUP PLC: RECENT DEVELOPMEList of Tables
TABLE 1 GLOBAL AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2017-2027 (USD MILLION) 26
TABLE 2 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY SENSORS, 2017-2027 (USD MILLION) 29
TABLE 3 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY SERVICE, 2017-2027 (USD MILLION) 31
TABLE 4 GLOBAL AMBIENT ASSISTED LIVING MARKET, BY REGION, 2017-2027 (USD MILLION) 34
TABLE 5 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY COUNTRY,2017-2027 (USD MILLION) 36
TABLE 6 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2017-2027 (USD MILLION) 37
TABLE 7 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2017-2027 (USD MILLION) 38
TABLE 8 NORTH AMERICA AMBIENT ASSISTED LIVING MARKET BY SERVICE, 2017-2027 (USD MILLION) 39
TABLE 9 U.S. AMBIENT ASSISTED LIVING MARKET, BY SYSTEM, 2017-2027 (USD MILLION) 40
TABLE 10 U.S. AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 40
TABLE 11 U.S. AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 41
TABLE 12 CANADA AMBIENT ASSISTED LIVING MARKET, BY SYSTEM, 2017-2027 (USD MILLION) 41
TABLE 13 CANADA AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 42
TABLE 14 CANADA AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 42
TABLE 15 MEXICO AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 43
TABLE 16 MEXICO AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 43
TABLE 17 MEXICO AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 44
TABLE 18 EUROPE AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2017-2027 (USD MILLION) 46
TABLE 19 EUROPE AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2017-2027 (USD MILLION) 47
TABLE 20 EUROPE AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2017-2027 (USD MILLION) 48
TABLE 21 EUROPE AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 49
TABLE 22 UK AMBIENT ASSISTED LIVING MARKET, BY SYSTEM, 2017-2027 (USD MILLION) 50
TABLE 23 UK AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 50
TABLE 24 UK AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 51
TABLE 25 GERMANY AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 52
TABLE 26 GERMANY AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 52
TABLE 27 GERMANY AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 53
TABLE 28 FRANCE AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 54
TABLE 29 FRANCE AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 54
TABLE 30 FRANCE AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 55
TABLE 31 ITALY AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 56
TABLE 32 ITALY AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 56
TABLE 33 ITALY AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 57
TABLE 34 REST OF EUROPE AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 57
TABLE 35 REST OF EUROPE AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 58
TABLE 36 REST OF EUROPE AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 58
TABLE 37 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2017-2027 (USD MILLION) 60
TABLE 38 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2017-2027 (USD MILLION) 61
TABLE 39 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2017-2027 (USD MILLION) 62
TABLE 40 ASIA-PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 63
TABLE 41 CHINA AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 64
TABLE 42 CHINA AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 64
TABLE 43 CHINA AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 65
TABLE 44 JAPAN AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 65
TABLE 45 JAPAN AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 66
TABLE 46 JAPAN AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 66
TABLE 47 INDIA AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 67
TABLE 48 INDIA AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 67
TABLE 49 INDIA AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 68
TABLE 50 REST OF ASIA PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SYSTEM (USD MILLION) 68
TABLE 51 REST OF ASIA PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SENSORS (USD MILLION) 69
TABLE 52 REST OF ASIA PACIFIC AMBIENT ASSISTED LIVING MARKET, BY SERVICE (USD MILLION) 69
TABLE 53 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY COUNTRY, 2017-2027 (USD MILLION) 71
TABLE 54 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2017-2027 (USD MILLION) 72
TABLE 55 REST OF THE WORLD (ROW) AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2017-2027 (USD MILLION) 73
TABLE 56 REST OF WORLD AMBIENT ASSISTED LIVING MARKET, BY SERVICE, 2017-2027 (USD MILLION) 74
TABLE 57 THE MIDDLE EAST & AFRICA AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2017-2027 (USD MILLION) 74
TABLE 58 THE MIDDLE EAST & AFRICA AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2017-2027 (USD MILLION) 75
TABLE 59 THE MIDDLE EAST & AFRICA AMBIENT ASSISTED LIVING MARKET BY SERVICE, 2017-2027 (USD MILLION) 75
TABLE 60 LATIN AMERICA AMBIENT ASSISTED LIVING MARKET BY SYSTEM, 2017-2027 (USD MILLION) 76
TABLE 61 LATIN AMERICA AMBIENT ASSISTED LIVING MARKET BY SENSORS, 2017-2027 (USD MILLION) 76
TABLE 62 LATIN AMERICA AMBIENT ASSISTED LIVING MARKET BY SERVICE, 2017-2027 (USD MILLION) 77
