PUBLISHER: The Business Research Company | PRODUCT CODE: 1458591
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458591
Ambient intelligence refers to electronic environments where the surrounding context becomes sensitive, adaptive, and responsive to the presence of individuals. This technology is employed to enhance health and safety by monitoring the environment and providing early warnings of potential hazards.
The primary components of ambient intelligence include hardware, software, and services. Ambient intelligence software plays a crucial role in driving the intelligence, data analysis, and user interface aspects of ambient intelligence systems, shaping the interactive and adaptive nature of intelligent environments. Various technologies, including Bluetooth low energy, radio-frequency identification (RFID), ambient light sensors, software agents, affective computing, biometrics, and others, are utilized across different end-user sectors such as residential, retail, healthcare, office buildings, automotive, and more.
The ambient intelligence market research report is one of a series of new reports from The Business Research Company that provides ambient intelligence market statistics, including ambient intelligence industry global market size, regional shares, competitors with an ambient intelligence market share, detailed ambient intelligence market segments, market trends and opportunities, and any further data you may need to thrive in the ambient intelligence industry. This ambient intelligence market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ambient intelligence market size has grown exponentially in recent years. It will grow from $23.42 billion in 2023 to $30.02 billion in 2024 at a compound annual growth rate (CAGR) of 28.2%. The growth observed in the historical period can be attributed to several factors, including advancements in sensor technologies, a rising demand for smart homes, the integration of AI and machine learning, the growth of the IoT ecosystem, and the increasing prevalence of mobile computing and connectivity.
The ambient intelligence market size is expected to see exponential growth in the next few years. It will grow to $80.22 billion in 2028 at a compound annual growth rate (CAGR) of 27.8%. The anticipated growth in the forecast period can be attributed to factors such as the deployment of 5G networks, advancements in edge computing, increasing urbanization, a focus on sustainability, and the emergence of autonomous vehicles. Noteworthy trends expected in the forecast period encompass human-centric design, integration with blockchain technology, applications in health and wellness, cross-industry collaboration, an emphasis on predictive analytics, the proliferation of voice-activated assistants, the expansion of wearable technologies, and the integration of augmented reality (AR).
The anticipated growth of government initiatives for smart cities globally is poised to drive the expansion of the ambient intelligence market. Government initiatives, encompassing actions, programs, or policies, play a pivotal role in advancing ambient intelligence (AI) by establishing frameworks, policies, and supportive systems conducive to the development and implementation of intelligent environments. As of September 2021, the European Commission, serving as the executive branch of the European Union (EU), launched the Horizon Europe Mission on Climate-Neutral and Smart Cities. This mission aims to support the development of 100 climate-neutral and smart cities across Europe by 2030. Such initiatives on a global scale are instrumental in propelling the growth of the ambient intelligence market.
Key players in the ambient intelligence market are strategically focusing on the development of innovative products featuring advanced technologies, including ultra-low-power presence sensors, to enhance profitability. Ultra-low-power presence sensors are integral to ambient intelligence, enabling energy-efficient, continuous monitoring, and responsiveness to human presence within an environment. In June 2023, Novelda AS, a Norway-based semiconductor sensor company, introduced a cutting-edge ultra-low-power sensor. This sensor stands out by setting new standards in efficiency and size, boasting ultra-low power consumption (<100µW) and a compact 5 x 30 mm design. Its seamless operation behind materials such as plastic and glass, along with optimization for easy integration and global compliance, positions it as a versatile solution. With capabilities such as touch-free login for laptops, the sensor enhances user experience, efficiency, and security, all while being unaffected by WiFi or UWB interferences. This innovation exemplifies the commitment of major companies to advancing ambient intelligence solutions in response to the growing demand fostered by government initiatives for smart cities.
In March 2022, Microsoft, a prominent US-based technology corporation, finalized the acquisition of Nuance Communications Inc. for an undisclosed sum. Through this strategic move, Microsoft aims to leverage Nuance's expertise in ambient clinical intelligence solutions to enhance patient outcomes and drive cost-effectiveness in healthcare. Nuance Communications Inc., headquartered in the US, is renowned for its provision of cutting-edge solutions in this field.
Major companies operating in the ambient intelligence market report are Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Group, Microsoft Corporation, Robert Bosch GmbH, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Johnson Controls International PLC, Texas Instruments Incorporated, Koninklijke Philips N.V., Infineon Technologies AG, NXP Semiconductors N.V., Legrand SA, Ingersoll-Rand, Garmin International Inc., PTC Inc., Somfy SA, Software AG, Lutron Electronics Co. Inc., Sensirion AG, Control4 Corporation, Spark Works Co. Ltd., Elos Medtech AB
North America was the largest region in the ambient intelligence market in 2023. The regions covered in the ambient intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ambient intelligence market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The ambient intelligence market consists of revenues earned by entities by providing services such as home automation services, elderly and healthcare assistance, smart retail services, transportation and traffic management, and customer support. The market value includes the value of related goods sold by the service provider or included within the service offering. The ambient intelligence market also includes sales of smart home devices, healthcare monitoring systems, office and building automation systems, smart transportation systems, and wearable devices that are used in providing services. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ambient Intelligence Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ambient intelligence market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ambient intelligence? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ambient intelligence market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.