Ambient Assisted Living Market Overview
Market expansion is anticipated for the Ambient Assisted Living Market from 2022 to 2029. According to Ambient Assisted Living Market Research, the market is expected to increase from USD 69,596.48 million in 2020 to USD 302,056.61 million in 2029, at a CAGR of 20.14%.
The Ambient Assisted Living (AAL) Market is gaining traction as a new trend that combines with smart homes. It is a system that provides aid and assistance to the elderly population. The ambient assisted living systems are specifically designed to help the elderly and the differently-abled population live independently. The risk of health increases with age, so there is a need for continuous monitoring and medical assistance for the elderly.
The Ambient Assisted Living Market has progressed through three stages. The first generation includes wearable devices, emergency response systems, and user-initiated alarms, the second generation includes home sensors and automatic response systems, and the third generation's automation system has not yet been released. Furthermore, the number of people aged 65 and up is increasing rapidly, reaching 703 million in 2023. However, ambient assisted living services are very beneficial to the elderly population by meeting their needs, and the smart home primarily provides better management of energy, resources, processes, and device connectivity.
COVID-19 Impact on Ambient Assisted Living Market:
The COVID-19 pandemic has had a significant impact on the ambient assisted living market. Because of the pandemic's spread, the healthcare industry is under tremendous strain to handle pandemic-infected patients, regular check-ups, regular hygienic processes, and monitor the elderly and vulnerable patients. The virus-affected patients are extremely dangerous to the elderly, who are at a high risk of infection and have a low immune system.
Telemedicine and telemonitoring devices are increasing the growth of e-commerce during this pandemic situation. The demand for ambient assisted living services for elderly homes, as well as ambient, assisted living devices that help monitor, collect vital data, and communicate with healthcare professionals, is expected to rise in North America, Europe, and Asia in the coming years. In any case, this pandemic accelerates the market for ambient assisted living services, particularly for their smart home technologies and services.
Report Includes
An overview of the global Ambient Assisted Living market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2023, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Ambient Assisted Living market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Ambient Assisted Living market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Ambient Assisted Living market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter's five forces analysis. This chapter provides detailed insights into the market which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
| Report Metric |
Details |
| Market size available for years |
2022–2029 |
| Base year considered |
2021 |
| Forecast period |
2022–2029 |
| Forecast unit |
Value (USD Million) |
| Segments Covered |
System, Sensor, Service |
| Regions covered |
North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered |
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) |
Segmentation Analysis:
Global Ambient Assisted Living market Competitive Analysis:
Key players in the Global Ambient Assisted Living market are 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) among other players.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027. Global Ambient Assisted Living market is distributed on the basis of the below-mentioned segments:
Global Ambient Assisted Living market, By System:
- Communication system
- safety & security systems
- medical assistance system
- power management system
- transportation & communication system
- Others
Global Ambient Assisted Living market, By Sensors:
- Temperature sensors
- occupancy sensors
- Others
Global Ambient Assisted Living market, By Services:
- Installation & repair
- customization & renovation.
- Others
Global Ambient Assisted Living market, By Region:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
List of Figures
Figure 1: Global Ambient Assisted Living Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Ambient Assisted Living Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Ambient Assisted Living Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Ambient Assisted Living Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Ambient Assisted Living Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Ambient Assisted Living Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Ambient Assisted Living Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Ambient Assisted Living Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Ambient Assisted Living Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Ambient Assisted Living Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Ambient Assisted Living Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Ambient Assisted Living Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Ambient Assisted Living Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Ambient Assisted Living Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Ambient Assisted Living Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Ambient Assisted Living Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Ambient Assisted Living Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Ambient Assisted Living Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Ambient Assisted Living Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Ambient Assisted Living Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Ambient Assisted Living Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Ambient Assisted Living Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Ambient Assisted Living Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Ambient Assisted Living Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Ambient Assisted Living Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Ambient Assisted Living Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Ambient Assisted Living Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Ambient Assisted Living Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Ambient Assisted Living Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Ambient Assisted Living Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Ambient Assisted Living Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Ambient Assisted Living Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Ambient Assisted Living Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
