Overview and Scope
Ambient intelligence refers to electronic environments where the surrounding environment becomes sensitive, adaptive, and responsive to the presence of individuals. It is used to help us stay healthy and safe by monitoring the environment and providing early warnings of potential hazards.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The ambient intelligence market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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