Ambient assisted living technology consists of system, product and services for elderly and disadvantaged people in order to support them in their day to day life in an unobtrusive way. The technology used is highly customized and assist the users in everyday life for increasing their standard of living. Smart home consists of wireless products that control lighting, temperature, entertainment systems, and appliances which are connected to a central hub. The user interface for control of the system uses wall-mounted terminals, tablet or desktop computers, a mobile phone application accessible through internet.
Global Ambient Assisted Living and Smart Home Industry Market is accounted for 19,072.27 USD million in 2017 and is expected to reach XX USD million by 2025 growing at a CAGR of XX% during the forecast period. Increased safety & security concern, improvement in standard of living and rising demand for energy-saving solutions are the key factors for driving the smart home market. Demographic change is one of the key factors for boosting ambient assisted living market. Ageing population is increasing at a pace especially in developed countries leading to healthcare issues, resulting in a higher demand for long-term care. As the ratio of working population is less than elderly population, it is difficult for them to take care and monitor old people for 24/7 which therefore increasing the demand for AAL products and services.
Global Ambient Assisted Living and Smart Home Industry Market is broadly fragmented into type, application and region. On the basis of type, the market is segmented into Installation & Repair and Customization & Renovation. Application wise, the market is broadly classified as safety & security, communication, medical assistive, mobility telemonitoring/telemedicine. Geographically, the market is further segmented into North America, Europe, China, Japan, Southeast Asia, India, South America, Middle East and Africa, and Row.
The Ambient Assisted Living and Smart Home Industry Market Segmentation:
Global Ambient Assisted Living and Smart Home Industry Market: Type Analysis
• Installation & Repair
• Customization & Renovation
Global Ambient Assisted Living and Smart Home Industry Market: End-Users/Applications Analysis
• Safety & Security
• Medical Assistive
• Mobility Telemonitoring/Telemedicine
Global Ambient Assisted Living and Smart Home Industry Market: Regional Analysis
• North America
• Southeast Asia
• South America
• Middle East and Africa