HOME Top Market Reports Ambient Assisted Living and Smart Home Market by Product, Services, Assisted Living, Product (Safety & Security, Communication, Medical Assistive, Mobility, Telemonitoring, Compensatory Impairment) and Region - Global Trend & Forecast to 2020

Ambient Assisted Living and Smart Home Market by Product, Services, Assisted Living, Product (Safety & Security, Communication, Medical Assistive, Mobility, Telemonitoring, Compensatory Impairment) and Region - Global Trend & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: January 2016
Report Code: SE 4009

 

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The smart home market is estimated to grow from USD 25.38 Billion in 2015 to USD 56.18 Billion by 2020, at a CAGR of 17.2% between 2015 and 2020, while the assisted living market is estimated to grow from USD 1.20 Billion in 2015 to USD 3.96 Billion by 2020. The report aims at estimating the market size and future growth potential of smart home and ambient assisted living market across different segments such as products, services, and regions. The base year considered for the study is 2014 and the market size is forecast from 2015 to 2020. Growing geriatric population and rising demands for managed healthcare are expected to play a key role in fueling the growth of the AAL market in the next five years. Increased security and safety concerns, rising demands for energy savings, and low carbon emission-oriented solutions are driving the growth of the smart home market

The research methodology used to estimate and forecast the smart home and ambient assisted living markets begins with capturing data on key vendor revenue through the secondary research. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global smart home and ambient assisted living markets from the revenue of key players in these markets. After arriving at the overall market size, the total market was split into several segments and sub-segments which were then verified through the primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primaries is depicted in the below figure:

Ambient Assisted Living and Smart Home Market

To know about the assumptions considered for the study, download the pdf brochure

The smart home and ambient assisted living market comprises players such as Honeywell International, Inc. (U.S.), Siemens AG (Germany), Schneider Electric S.E. (France), Ingersoll Rand Plc. (Ireland), Legrand SA (France), ABB Group (Switzerland), Medic4all Group (Switzerland), Tunstall Healthcare Ltd. (U.K.), Chubb Community Care (U.K.), Televic N.V. (Belgium), Telbios (Italy), Vitaphone GmbH (Germany), GETEMED AG (Germany), Koninklijke Philips N.V. (Netherlands), CareTech AB (Sweden), and Assisted Living Technologies, Inc. (U.S.)

Key Target audience

  • Raw material and manufacturing equipment suppliers
  • Automation & control vendors
  • Automation & control networking technologies vendors
  • System integrators
  • Home owners
  • Project consultants
  • Designers/consultants (HVAC, security, and fire & safety)
  • Component manufacturers (sensors & controls)
  • Home management systems (product & server providers)
  • Associations & standards
  • Government bodies involved in green buildings

Scope of the Report

The research report segments the smart home and ambient assisted living market to following submarkets:

Smart home market, by Product:

  • Energy Management Systems
  • Security & Access Control
  • HVAC Control
  • Entertainment Control
  • Others

Smart Home Market, by Service:

  • Installation & Repair
  • Customization & Renovation

Smart Home Market, by Protocol & Standard

  • Digital Addressable Lighting Interface
  • KNX
  • Lonworks
  • Modbus
  • National electrical manufacturers association’s digital lighting controls open protocol
  • Power Line Communication
  • X10

Ambient Assisted Living Market, by Product:

  • Safety & Security
  • Communication Devices
  • Medical Assisted Products
  • Mobility
  • Telemonitoring/Telemedicine
  • Compensatory Impairments
  • Consumer Electronics/ Multimedia
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
    1.4 Year
    1.5 Currency
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
                    2.1.2.3 Key Industry Insights
    2.2 Market Breakdown and Data Traingulation
    2.3 Report Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 33)
    4.1 Smart Home Market to Grow at A Significant Rate During the Forecast Period
    4.2 Market Opportunities in Market
    4.3 Market, By Product
    4.4  Market , By Product
    4.5 Regional and Product Snapshot of the Smart Home Market
    4.6 Regional and Product Snapshot of Ambient Assisted Living Market
    4.7 Market Regional Snapshot (2015)
    4.8 Ambient Assisted Living Market Regional Snapshot (2015)

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Smart Home Market, By Product
           5.2.2 Market, By Protocol & Technology
           5.2.3 Ambient Assisted Living Market, By Product
           5.2.4 Market, By Service
           5.2.5 Market, By Geography
                    5.2.5.1 Market, By Geography
                    5.2.5.2 Ambient Assisted Living Market, By Geography
    5.3 Smart Home Protocols & Standards
           5.3.1 Digital Addressable Lighting Interface
           5.3.2 KNX
           5.3.3 Lonworks
           5.3.4 Modbus
           5.3.5 National Electrical Manufacturers Association’s Digitial Lighting Controls Open Protocol
           5.3.6 Power Line Communication
           5.3.7 X10
    5.4 Cellular Network Technologies
           5.4.1 Cdma Networks
           5.4.2 GSM/HSPA Networks
           5.4.3 LTE
    5.5 Smart Home Wireless Communication Technologies
           5.5.1 Bluetooth
           5.5.2 Enocean
           5.5.3 Infrared
           5.5.4 Wi-Fi
           5.5.5 Zigbee
           5.5.6 Z-Wave
    5.6 Market Dynamics
           5.6.1 Drivers
                    5.6.1.1 Increased Security & Safety Concerns Fuel the Growth of the Smart Home and AAL Market
                    5.6.1.2 Rising Demand for Energy-Saving and Low-Carbon Emission-Oriented Solutions Drives the Need for Smart Homes
                    5.6.1.3 Growing Aging Population and Rising Demands for Managed Cares are Among the Major Factors Driving the AAL Market
                    5.6.1.4 Interplay of Wireless Technology, Mobility, IoT, and Digital Living Drive the Smart Home and AAL Markets
           5.6.2 Restraints
                    5.6.2.1 Huge Requirement of Capital Investment and Significant Maintenance Costs Restrain the Growth of the Smart Home Market
                    5.6.2.2 Inability of AAL Devices to Reach Aged People Living in Small Towns Or Villages
           5.6.3 Opportunities
                    5.6.3.1 Accelerated Growth in Smart-Home Centric Wireless Protocols to Provide Opportunity in the Smart Home Market
                    5.6.3.2 Increased Number of Activities of Ambient Assisted Living Joint Programme and Participation of Major Players Between 2008 and 2013
           5.6.4 Challenges
                    5.6.4.1 Network Security Concerns Pertaining to Wireless Protocols

6 Industry Trends (Page No. - 57)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Key Influencers
    6.3 Porter’s Five Forces Analysis for Market
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of Substitutes
           6.3.4 Threat of New Entrants
           6.3.5 Competitive Rivalry

7 Smart Home Market, By Product (Page No. - 66)
    7.1 Introduction
    7.2 Energy Management System
           7.2.1 Smart Devices
           7.2.2 Lighting Control
    7.3 Security & Access Control
           7.3.1 Security Control
           7.3.2 Access Control
    7.4 HVAC Control
           7.4.1 Thermostats
           7.4.2 Climate Controls
           7.4.3 Temperature Sensors
           7.4.4 Humidity Sensors
           7.4.5 Others
    7.5 Entertainment Control
           7.5.1 Audio Controller
           7.5.2 Multimedia Room Control
           7.5.3 Home Theatre System Control
           7.5.4 Touch Screen & Keypad
    7.6 Others

8 Ambient Assisted Living Market, By Product (Page No. - 84)
    8.1 Introduction
    8.2 Safety & Security
    8.3 Communication
    8.4 Medical Assistive
    8.5 Mobility
    8.6 Telemonitoring/Telemedicine
    8.7 Compensatory Impairment
    8.8 Consumer Electronics/Multimedia
    8.9 Others

9 Smart Home Market, By Service (Page No. - 96)
    9.1 Introduction
    9.2 Installation & Repair Services
    9.3 Customization & Renovation

10 Smart Home & Ambient Assisted Living Market, By Geography (Page No. - 100)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Scandinavia
             10.3.5 Italy
             10.3.6 Spain
             10.3.7 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Australia
             10.4.5 Rest of Asia-Pacific (RoAPAC)
     10.5 Rest of the World
             10.5.1 Latin & Central America
             10.5.2 Middle East & Africa

11 Competitive Landscape (Page No. - 147)
     11.1 Overview
     11.2 Market Players Ranking Analysis of the Smart Home and Ambient Assisted Living Market
     11.3 New Product Launches
     11.4 Collaborations, Agreements, and Partnerships
     11.5 Expansions
     11.6 Mergers and Acquisitions

12 Company Profiles (Page No. - 153)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 Schneider Electric S.E.
     12.3 Ingersoll-Rand PLC
     12.4 Legrand SA
     12.5 Siemens AG
     12.6 ABB Group
     12.7 Honeywell International, Inc.
     12.8 Tunstall Healthcare Ltd.
     12.9 Koninklijke Philips N.V.
     12.10 Chubb Community Care
     12.11 Caretech Ab
     12.12 Assisted Living Technologies, Inc.
     12.13 Getemed Medizin- Und Informationstechnik AG
     12.14 Medic4all Group
     12.15 Telbios
     12.16 Televic N.V.
     12.17 Vitaphone GmbH

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 191)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customization
     13.5 Related Reports


List of Tables (80 Tables)

Table 1 Currency Table
Table 2 Smart Home Market By Product
Table 3 Market By Protocols and Technology
Table 4 Ambietn Assisted Living Market By Product
Table 5 Market By Services
Table 6 Average Energy Saving Potential From Lighting Controls
Table 7 Typical Smart Home Solution
Table 8 Market Size, By Product, 2013–2020 (USD Billion)
Table 9 Energy Management System: Smart Home Market Size, By Product, 2013–2020 (USD Billion)
Table 10 Energy Management System: Smart Home Market Size, By Region, 2014–2020 (USD Billion)
Table 11 Smart Device Market Size, By Region, 2013–2020 (USD Billion)
Table 12 Lighting Control: Smart Home Market Size, By Product, 2013–2020 (USD Billion)
Table 13 Lighting Control: Market Size, By Region, 2013–2020 (USD Billion)
Table 14 Security & Access Control: Market Size, By Product, 2013–2020 (USD Billion)
Table 15 Security & Access Control: Market Size, By Geography, 2013–2020 (USD Billion)
Table 16 Security Control: Smart Home Market Size, By Region, 2013–2020 (USD Billion)
Table 17 Access Control: Smart Home Market Size, By Region, 2013–2020 (USD Billion)
Table 18 HVAC Control: Market Size, By Product, 2013–2020 (USD Billion)
Table 19 HVAC Control: Smart Home Market Size, By Region, 2013–2020 (USD Billion)
Table 20 Entertainment Control: Smart Home Market Size, By Product, 2013–2020 (USD Billion)
Table 21 Entertainment Control: Market Size, By Geography, 2013–2020 (USD Billion)
Table 22 Others: Smart Home Market Size, By Region, 2013–2020 (USD Billion)
Table 23 Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 24 Safety & Security: AAL Market, By Region, 2013–2020 (USD Million)
Table 25 Communication : AAL Market Size, By Region, 2013–2020 (USD Million)
Table 26 Medical Assistive: AAL Market Size, By Region, 2013–2020 (USD Million)
Table 27 Mobility: AAL Market Size, By Region, 2013–2020 (USD Million)
Table 28 Telemonitoring/Telemedicine: AAL Market Size, By Region, 2013–2020 (USD Million)
Table 29 Compensatory Impairment: AAL Market Size, By Region, 2013–2020 (USD Million)
Table 30 Consumer Electronics/Multimedia: AAL Market Size, By Region, 2013–2020 (USD Million)
Table 31 Others: AAL Market, By Region, 2013–2020 (USD Million)
Table 32 Smart Home Market, By Service, 2013–2020 (USD Billion)
Table 33 Smart Home Services Market, By Region, 2013–2020 (USD Million)
Table 34 Market Size, By Region, 2013–2020 (USD Billion)
Table 35 Living Market Size, By Region, 2013–2020 (USD Billion)
Table 36 North America: Smart Home Market Size, By Product, 2013–2020 (USD Billion)
Table 37 North America: Energy Management System Market Size, By Product, 2013–2020 (USD Billion)
Table 38 North America: Security & Access Control Market Size, By Product, 2013–2020 (USD Billion)
Table 39 North America: Smart Home Market Size, By Country 2013–2020 (USD Billion)
Table 40 North America: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 41 North America: Ambient Assisted Living Market Size, By Country, 2013–2020 (USD Million)
Table 42 U.S.: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 43 Canada: Living Market Size, By Product, 2013–2020 (USD Million)
Table 44 Mexico: Market Size, By Product, 2013–2020 (USD Million)
Table 45 Europe: Market Size By Product, 2013–2020 (USD Billion)
Table 46 Europe: Smart Home Energy Management System Market Size, By Product, 2013–2020 (USD Billion)
Table 47 Europe: Smart Home Security & Access Control Market Size, By Product, 2013–2020 (USD Billion)
Table 48 Europe: Market Size, By Country, 2013–2020 (USD Billion)
Table 49 Europe: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 50 Europe: Market Size, By Geography, 2013–2020 (USD Million)
Table 51 Germany: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 52 U.K.: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 53 France: Market Size, By Product, 2013–2020 (USD Million)
Table 54 Scandinavia: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 55 Italy: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 56 Spain: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 57 Asia-Pacific: Market Size By Product, 2013–2020 (USD Billion)
Table 58 Asia-Pacific: Smart Home Energy Management System Market Size By Product, 2013–2020 (USD Billion)
Table 59 Asia-Pacific: Smart Home Security & Access Control Market Size, By Product, 2013–2020 (USD Billion)
Table 60 Asia-Pacific: Smart Home Market Size, By Geography, 2013–2020 (USD Billion)
Table 61 Asia-Pacific: Ambient Assisted Living Market Size By Product, 2013–2020 (USD Million)
Table 62 Asia-Pacific: Ambient Assisted Living Market Size By Geography, 2013–2020 (USD Million)
Table 63 China: Ambient Assisted Living Market Size By Product, 2013–2020 (USD Million)
Table 64 Japan: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 65 India: Market Size, By Product, 2013–2020 (USD Million)
Table 66 Australia: Ambient Assisted Living Market Size, By Product, 2013–2020 (USD Million)
Table 67 RoW: Smart Home Market Size By Region, 2013–2020 (USD Billion)
Table 68 RoW: Market Size, By Product, 2013–2020 (USD Billion)
Table 69 RoW: Smart Home Energy Management System Market Size, By Product, 2013–2020 (USD Billion)
Table 70 RoW: Smart Home Security & Access Control Market Size, By Product, 2013–2020 (USD Billion)
Table 71 RoW: AAL Market Size, By Region, 2013–2020 (USD Million)
Table 72 RoW: AAL Market Size By Product, 2013–2020 (USD Million)
Table 73 Latin & Central America: AAL Market Size, By Product, 2013–2020 (USD Million)
Table 74 Middle East & Africa: AAL Market Size, By Product, 2013–2020 (USD Million)
Table 75 Key Players Rank (2014)
Table 76 Key Players Rank (2014)
Table 77 New Product Launches, 2011–2015
Table 78 Collaborations, Agreements, and Partnerships, 2011–2015
Table 79 Expansions, 2011–2015
Table 80 Mergers and Acquisitions, 2011–2015


List of Figures (96 Figures)

Figure 1 Smart Home Market
Figure 2 Ambient Assisted Living Market
Figure 3 Global Smart Home and Ambient Assisted Living Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Smart Home Market Snapshot (2015 vs 2020) : Security & Access Control Segment Would Be the Leading Segment in This Market
Figure 7 Ambient Assisted Living Market, By Product (2015 vs 2020): Markets for Medical Assistive Products and Telemedicine/Telemonitoring to Grow at A High Rate Between 2015 and 2020
Figure 8 North America: Smart Home Market, By Product (2015–2020)
Figure 9 Asia-Pacific AAL Market, By Product (2015–2020)
Figure 10 Global Smart Home Market, By Geography, 2014
Figure 11 Global Ambient Assisted Living Market, By Geography, 2014
Figure 12 Lucrative Growth Opportunities for the Smart Home Market Between 2015 and 2020
Figure 13 Ambient Assisted Living Market Expected to Grow at A Higher Rate Than Smart Home Market Between 2015 and 2020
Figure 14 Security & Access Control Market and Energy Management System Market Expected to Play A Major Role in Smart Home Market (2015–2020)
Figure 15 Safety & Security Market Held the Largest Share of the Assisted Living Market
Figure 16 Security & Access Control and Energy Management System Held the Major Share of the Smart Home Market in 2014
Figure 17 North America and Europe Led the Assisted Living Market in 2014
Figure 18 The U.S. Held the Largest Share of the Smart Home Market
Figure 19 The U.S. Held the Largest Share of the Ambient Assisted Living Market
Figure 20 Smart Home Market, By Geography
Figure 21 Ambient Assisted Living Market, By Geography
Figure 22 Different Protocols & Technologies for Smart Homes
Figure 23 Protocols & Standards for Smart Homes
Figure 24 Wiring for Dali Fluorescent Dimming
Figure 25 Lonworks Control Network
Figure 26 GSM/HSPA Network Set Up
Figure 27 Wireless Communication Technologies Used in Smart Homes
Figure 28 DROC for Smart Home and Ambient Assisted Living Market
Figure 29 Value Chain Analysis (2014) of Smart Home and Ambient Assisted Living Market: Major Value Added By Component Manufacturers and Product Manufacturers
Figure 30 Porter’s Five Forces Analysis for Ambient Assisted Living Market (2014)
Figure 31 Porter’s Five Forces Analysis for the Ambient Assisted Living Market
Figure 32 Bargaining Power of Suppliers in the Ambient Assisted Living Market
Figure 33 Bargaining Power of Buyers in the Ambient Assisted Living Market
Figure 34 Threats of Substitutes in the Ambient Assisted Living Market
Figure 35 Threat of New Entrants in the Ambient Assisted Living Market
Figure 36 Competitive Rivalry in the Ambient Assisted Living Market
Figure 37 Security & Access Control to Hold the Major Market Size in Smart Home Market Till 2020
Figure 38 Energy Management System Market, By Geography (2015 vs 2020)
Figure 39 Sensors Market Expected to Hold the Largest Size of Lighting Controls Market Between 2015 and 2020
Figure 40 Security Control Product Expected to Grow at the Highest Rate in the Securtiy & Access Control Market Between 2015 and 2020
Figure 41 North America Held the Major Market for Security Control and Expected to Lead Till 2020
Figure 42 HVAC Control Solutions
Figure 43 Thermostat Segment Expected to Witness Highest Growth in the HVAC Control Market During Forecasted Period
Figure 44 North America Held the Major Market for HVAC Control in Smart Homes
Figure 45 Smart Home Entertainment Control Solutions
Figure 46 Home Theatre Control to Hold the Largest Market in Entertainment Control Till 2020
Figure 47 North America Expected to Hold A Major Market in Other Segment of Smart Home
Figure 48 Safety & Security Would Hold the Major Share in the Assisted Living Market Till 2020
Figure 49 North America to Hold Major Market in AAL Safety & Security in 2015
Figure 50 Asia-Pacific Expected to Be the Fastest-Growing Region in AAL Medical Assistive Products Market Between 2015 and 2020
Figure 51 North America Expected to Be Hold the Largest Market in AAL Mobility Products By 2020
Figure 52 Aisa-Pacific Expected to Grow at the Highest Rate in AAL Telemonitoring/Telemedicine Market By 2020
Figure 53 North America to Hold the Major Market of the AAL Consumer Electronics in 2015
Figure 54 Smart Home and Ambient Assisted Living Market, By Service
Figure 55 Customization & Renovation Process
Figure 56 North America Expected to Lead the Smart Home Market in 2015
Figure 57 Geographic Snapshot (2015–2020)– U.S., Germany, Japan and China are Expected to Grow Faster for Smart Home Market
Figure 58 Geographic Snapshot for the AAL Market: (2015–2020 )
Figure 59 North America and Europe to Lead the AAL Market in 2015
Figure 60 North America: Smart Home Market Snapshot (2014–2020 )
Figure 61 Energy Management Systems and Security & Access Control Segment Would Hold the Largest Share of the Smart Home Market in North America By 2020
Figure 62 U.S. to Hold A Large Share of the North American AAL Market in 2015
Figure 63 North America: AAL Market, By Product, 2015–2020 (USD Million)
Figure 64 U.S. Expected to Lead the AAL Market Till 2020
Figure 65 North America to Lead the AAL Market for Safety & Security Products in 2015
Figure 66 Safety & Security and Communication Devices to Be the Largest Market for AALin the U.S. in 2015
Figure 67 Europe: AAL Market Snapshot (2014–2020 )
Figure 68 U.K. and Germany to Play A Major Role in the Growth of the Smart Home Market (2015–2020 )
Figure 69 Safety & Security Segment Expected to Lead the European AAL Market By 2020
Figure 70 Germany Expected to Hold A Large Share of AAL Market in Europe in 2015
Figure 71 Germany: AAL Market, By Product (2015–2020 )
Figure 72 Medical Assistive Product Segment Expected to Grow at A High Rate in the AAL Market in the U.K.
Figure 73 Scandinavia: AAL Market, By Product (2015–2020 )
Figure 74 APAC: Smart Home Market Snapshot (2014–2020 )
Figure 75 APAC: Smart Home Market, By Product (2015–2020 )
Figure 76 China Expected to Be the Fastest-Growing Market in 2015
Figure 77 Markets for Medical Assitive Products and Telemonitoring/Telemedicine Expected to Grow Rapidly Between 2015 and 2020
Figure 78 Japan Expected to Hold A Large Share of the AAL Market in APAC in 2015
Figure 79 AAL Market in China, By Product, 2013–2020 (USD Million)
Figure 80 Japan: AAL Market, By Product, 2013–2020 (USD Million)
Figure 81 Latin America and Middle East & Africa: Smart Home Market Snapshot
Figure 82 Security and Access Control Market Expected to Grow at the Highest CAGR in RoW
Figure 83 Latin & Central America: AAL Market, By Product
Figure 84 Companies Adopted Partnerships, Agreements, and Collaborations as the Key Growth Strategy Over the Last Four Years (2011–2015)
Figure 85 Battle for Market Share:New Product Launches, Collaborations, Agreements, and Partnerships are the Key Strategies Adopted By Companies Between 2011 and 2015
Figure 86 Geographic Revenue Mix of the Top Market Players in the Smart Home Market
Figure 87 Schneider Electric S.E.: Company Snapshot
Figure 88 Schneider Electric S.E.: SWOT Analysis
Figure 89 Ingersoll-Rand PLC: Company Snapshot
Figure 90 Ingersoll-Rand PLC: SWOT Analysis
Figure 91 Legrand SA: Company Snapshot
Figure 92 Legrand SA: SWOT Analysis
Figure 93 Siemens AG: Company Snapshot
Figure 94 ABB Group: Company Snapshot
Figure 95 Honeywell International, Inc.: Company Snapshot
Figure 96 Koninklijke Philips N.V. : Company Snapshot

The smart home market is expected to grow from USD 25.38 Billion in 2015 to USD 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 USD 1.20 Billion in 2015 to USD 3.96 Billion by 2020.

Assisted living products are useful for people with heart disease, stroke, diabetes, obesity, and arthritis among others and these are commonly observed among elderly people. Therefore, they need to be continuously monitored or assisted, which creates the demand for assistive 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.

The scope of this report covers the smart home and ambient assisted living market by product, service, and region. Security & access control is expected to hold the largest share and lead the smart home market from 2015 to 2020, due to increasing safety and security concerns. Medical assistive product and telemonitoring/ telemedicine are expected to play a key role in ambient assisted living landscape and would grow at the highest rate during the forecast period as there is a rise in chronic diseases.

Installation and repair services are expected to lead the smart home market and hold the largest share, whereas customization & renovation services would grow at the highest rate during the forecast period. An increased demand for energy managements systems, security & access control products, HVAC controls, and entertainment controls is fueling the growth of smart homes which would lead to the growth of the services market.

Ambient Assisted Living and Smart Home Market

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.

Major vendors in the market include Honeywell International, Inc. (U.S.), Siemens AG (Germany), Schneider Electric S.E. (France), Ingersoll Rand Plc. (Ireland), Legrand SA (France), ABB Group (Switzerland), Medic4all group (Switzerland), Tunstall Healthcare Ltd (U.K.), Chubb Community Care (U.K.), Televic N.V. (Belgium), Telbios (Italy), Vitaphone GmbH (Germany), GETEMED AG (Germany), Koninklijke Philips N.V. (Netherlands), CareTech AB (Sweden), and Assisted Living Technologies, Inc. (U.S.).

These players adopted various strategies such as new product developments, mergers, partnerships, collaborations and business expansions to cater to the needs of the smart home and ambient assisted living market.

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