DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qbn57z/ambient_assisted) has announced the addition of the "Ambient Assisted Living and Smart Home Market - Global Trend & Forecast to 2020" report to their offering.
The smart home market is expected to grow from $25.38 Billion in 2015 to $56.18 Billion by 2020, at a CAGR of 17.2% between 2015 and 2020. The market for ambient assisted living is estimated to grow from $1.20 Billion in 2015 to $3.96 Billion by 2020.
Assisted living products need to be continuously monitored or assisted, which creates the demand for products such as telemonitoring/telemedicines, communication devices, or products which can compensate for sensory impairments such as visual or hearing. Furthermore, due to the rise in increased activities of the ambient assisted living joint programme (AAL JP), the AAL market finds a huge opportunity to proliferate in the next five years.
North America is expected to hold the largest share and lead the smart home and ambient assisted living market between 2015 and 2020. The demand for energy management coupled with the increasing demand for green homes has resulted in the growth of the North American smart home market. Europe and APAC are expected to witness significant growth rate for the AAL market.
However, a huge requirement of capital investment and significant maintenance costs restrain the growth of the smart home market and the inability of AAL devices to reach aged people living in small towns or villages restrain growth of the AAL market.
- ABB Group
- Assisted Living Technologies, Inc.
- Caretech AB
- Chubb Community Care
- Getemed Medizin- Und Informationstechnik AG
- Honeywell International, Inc.
- Ingersoll-Rand Plc
- Koninklijke Philips N.V.
- Legrand SA
- Medic4All Group
- Schneider Electric S.E.
- Siemens AG
- Televic N.V.
- Tunstall Healthcare Ltd.
- Vitaphone GMBH
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Home Market, By Product
8 Ambient Assisted Living Market, By Product
9 Smart Home Market, By Service
10 Smart Home & Ambient Assisted Living Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/qbn57z/ambient_assisted