The ambient intelligence global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ambient Intelligence Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 in the historic period can be attributed to advancements in sensor technologies, rising demand for smart homes, integration of AI and machine learning, growth of iot ecosystem, 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 growth in the forecast period can be attributed to 5G network deployment, edge computing advancements, increasing urbanization, focus on sustainability, emergence of autonomous vehicles. Major trends in the forecast period include human-centric design, integration with blockchain, health and wellness applications, cross-industry collaboration, emphasis on predictive analytics, proliferation of voice-activated assistants, expansion of wearable technologies, augmented reality (AR) integration.
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Scope Of Ambient Intelligence Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ambient Intelligence Market Overview
Market Drivers –
The government initiatives for smart cities across the globe are expected to propel the growth of the ambient intelligence market going forward. Government initiatives refer to actions, programs, or policies undertaken by a government to address specific issues, promote development, or achieve goals. Government initiatives help in advancing ambient intelligence (AI) by setting the framework, policies, and support systems that foster the development and implementation of intelligent environments. For instance, in September 2021, according to the European Commission, a Belgium-based executive branch of the European Union (EU), launched the Horizon Europe Mission on Climate-Neutral and Smart Cities. The mission aims to support the development of 100 climate-neutral and smart cities across Europe by 2030. Therefore, government initiatives for smart cities across the globe are driving the growth of the ambient intelligence market.
Market Trends –
Major companies operating in the ambient intelligence market are focused on developing innovative products with advanced technologies, such as ultra-low-power presence sensors, to increase its profitability in the market. Ultra-low-power presence sensors are employed in ambient intelligence to enable energy-efficient, continuous monitoring and responsiveness to human presence in an environment. For instance, in June 2023, Novelda AS, a Norway-based semiconductor sensor company, developed a new ultra-low-power sensor. The sensor sets a new standard in efficiency and size with its ultra-low power consumption (<100µW) and compact 5 x 30 mm design. It operates flawlessly behind materials such as, plastic and glass and is optimized for seamless integration and global compliance. Its advanced capabilities improve laptops by offering touch-free login, enhancing user experience, efficiency, and security without being affected by WiFi or UWB interferences.
The ambient intelligence market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Technology: Bluetooth Low Energy, Radio-Frequency Identification(RFID), Ambient Light Sensor, Software Agents, Affective Computing, Biometrics, Other Technologies
3) By End User: Residential, Retail, Healthcare, Office Building, Automotive, Other End Users
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Regional Insights –
North America was the largest region in the ambient intgelligence 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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Ambient Intelligence Market Report Structure
3. Ambient Intelligence Market Trends And Strategies
4. Ambient Intelligence Market – Macro Economic Scenario
5. Ambient Intelligence Market Size And Growth
…..
27. Ambient Intelligence Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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