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  • Ambient Intelligence Market Growth Analysis | 2023-2029

    Ambient Intelligence Market Growth Analysis | 2023-2029

    Ambient Intelligence Market Growth Analysis | 2023-2029
    Report code - SR2351 Delivery - 2 Weeks
    Ambient Intelligence Market Size, Share, Trend, Dynamics, Forecast, Competitive Analysis, See more...

    Market Insights

    The ambient intelligence market was estimated at USD 2.75 billiion in 2022 and is likely to grow at a CAGR of 6.3% during 2023-2029 to reach USD 4.22 billion in 2029.

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    What is ambient intelligence?

    Ambient intelligence (AmI) refers to the future vision of intelligent computing where direct input and output devices will not be required; rather sensors and processors will be fixed into everyday devices and the environment will adjust to the user's desires and needs smoothly. It is a new technology that aims to initiate artificial intelligence (AI) sensors, pervasive computing, and sensor networks into daily life.

    AmI is a multidisciplinary action that aims to make day-to-day environments intelligent and sensitive. It promises to change lives by making the surroundings flexible and adaptive. It is the technology that can make decisions and act on behalf of the users due to the data that is available to it from all the connected sensors and systems connected to the everyday devices surrounding the user. It takes steps that are customized to the users’ desires and can also understand the user’s conditions instead of asking the user for direct commands.

    Ambient Intelligence Market Highlights

    Market Size in 2029

    USD 4.22 Billion

    Market Size in 2022

    USD 2.75 Billion

    Market Growth (2023-2028)

    CAGR of 6.3%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2029

    Key Players

    The major players operating in the global ambient intelligence market are:

    • Legrand SA
    • Schneider Electric S.E.
    • Ingersoll-Rand PLC
    • ABB Group
    • Siemens AG
    • Honeywell International Inc.
    • Tunstall Healthcare Ltd.
    • Koninklijke Philips N.V.
    • Chubb Community Care
    • Caretech AB
    • Assisted Living Technologies Inc.
    • Getemed Medizin- Und Informationstechnik AG
    • Silicon Laboratories
    • STMicroelectronics
    • Texas Instruments Incorporated
    • Renesas Electronics Corporation

    Market Dynamics

    The world's growing population has resulted in the growth of smart cities and smart spaces that promote energy efficiency and cost savings, boosting the ambient intelligence market. The market is further propelled by increasing investment in ambient intelligence by developing nations and the growing use of nano-technologies, smart technologies, and autonomous vehicles. However, insufficient privacy and security measures, along with limited encryption technology, impede the market's growth.

    The healthcare sector's growing demand for ambient information, particularly in the areas of ambient medical information systems, smart cities, and smart homes, is expected to create significant growth opportunities for the market. Ambient intelligence technology has the potential to revolutionize daily life by making environments more flexible and adaptive to users' needs. It can also greatly improve business efficiency by enabling systems to interact with sensors, devices, networks, and people to support users in carrying out daily activities.

    Such environments can respond to and anticipate the presence, behavior, and context of people, objects, and factors like location, events, resources, and identity. Ambient intelligence can also be utilized in fully automated settings to perform management tasks, monitor conditions, interact with other devices, and transmit data. The COVID-19 pandemic has had a positive impact on the ambient intelligence market, driven by the widespread shift to remote work and the global lockdown. With companies continuing to allow remote work, and people seeking advanced digital solutions to improve their work experience, this trend is likely to continue.

    Segment Analysis

    Ambient-Intelligence-Market-Segments

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    Healthcare segment to hold a significant market share

    Artificial intelligence is playing an important role in alleviating the strain on physicians' cognitive abilities by improving the clinical decision-making process. With the advancement of machine learning and the availability of low-cost sensors, traditional clinical decision-support systems are being enhanced by incorporating computer-aided analysis of healthcare physical activities.

    The integration of passive, contactless sensors in the surrounding environment results in the creation of ambient intelligence that can sense people's movements and adapt to their ongoing health requirements. This type of ambient intelligence can aid clinicians and home caregivers in enhancing their physical skills in delivering modern healthcare.

    Ambient intelligence (AmI) is becoming increasingly important during the ongoing pandemic, as hospitals are dealing with a large influx of patients. AmI can significantly improve the quality of healthcare delivery, the efficiency of clinicians, and hospital business operations during such crises. It can also assist in maintaining accurate patient health records and updating electronic medical records (EMR).

    With the use of wireless sensors in an ambient intelligence network, hospitals can continuously monitor a patient's blood sugar levels. Patients are encouraged to wear bio-compatible wearable devices for this purpose, while sensors implanted in the body detect glucose levels.

    Apart from this, AmI can also help in controlling the spread of infections. IoT, thermal vision cameras, and AI can be used to monitor infected areas, and surfaces contaminated with infectious viruses can be cleaned and decontaminated. Additionally, in hospital spaces, ambient intelligence can lead to more efficient clinical workflows and improve patient safety in operating rooms and intensive care units. For instance, a study trained a convolutional neural network to track needle movement during prostatectomy procedures. The algorithm rated the performance of 12 surgeons with an accuracy of 92%, using peer evaluation as the reference standard, and it successfully differentiated between high- and low-skill groups.

    North America is expected to hold the largest share

    The North American region is a significant contributor to the ambient intelligence market, due to the presence of major players in the industry, early adoption of cutting-edge technology, and high levels of digitalization across various sectors. This trend toward automation has created substantial economic opportunities for US businesses and their international competitors. Ambient intelligence technology offers a personalized solution for daily operations, making it an attractive option.

    The COVID-19 pandemic has heightened awareness and adoption of ambient intelligence in the US, as it is being used to improve efficiency, support the healthcare industry, and reduce manual efforts through the use of AI. The popularity of smart homes, which are estimated to be 42 million in the US, also drives demand for ambient intelligence in the region.

    In response to the pandemic, there has been an exponential increase in demand for digital experiences, boosting the market for ambient intelligence among both individuals and industrial users. For example, traditional office buildings equipped with ambient operations, such as motion-controlled lighting, smoke detectors, and thermostats, can be improved by using artificial intelligence and IoT sensors to provide a more personalized experience.

    Ambient-Intelligence-Market-Regional-Analysis

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Ambient Intelligence Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.

    Recent Developments

    • In March 2022, Royal Philips launched the company’s new solution for interventional rooms, ambient experience with FlexVision display.
    • In January 2022, a collaboration between Lockheed Martin, Amazon, and Cisco aimed to bring human-machine interface technologies to NASA's Orion spacecraft. The goal was to understand how astronauts could utilize far-field voice technology, artificial intelligence, and tablet-based video collaboration. This partnership aimed to provide valuable insights into the integration of advanced technologies in space travel.
    • In November 2021, Microsoft announced its shift from a mobile and cloud-based era to an era of ambient intelligence and ubiquitous computing. The company stated that this transition would bring about increased digitization over the next decade and was made public during the Ignite 2021 event. This move highlights Microsoft's commitment to exploring the potential of advanced technologies, including ambient intelligence, and how they can shape the future.
    • In March 2021, Tunstall Healthcare launched Tunstall GO, which enables two-way speech, fall detection, and locatability, meeting an increasing need for innovative telehealth solutions.

    Frequently Asked Questions (FAQs)

    The market is expected to grow at a CAGR of 6.3% during 2023-2029.

    The market size is estimated to grow from USD 2.75 billion in 2022 to USD 4.22 billion by 2029.

    The major players operating in the global Ambient Intelligence market are Legrand SA, Schneider Electric S.E., Ingersoll-Rand PLC, ABB Group, Siemens AG, Honeywell International Inc., Tunstall Healthcare Ltd., Koninklijke Philips N.V., Chubb Community Care, Caretech AB, Assisted Living Technologies Inc., Getemed Medizin- Und Informationstechnik AG, Silicon Laboratories, STMicroelectronics, Texas Instruments Incorporated, Renesas Electronics Corporation.

    North America is expected to hold the largest share during the forecast period. The North American region is a significant contributor to the ambient intelligence market, due to the presence of major players in the industry, early adoption of cutting-edge technology, and high levels of digitalization across various sectors.

    The world's growing population has resulted in the growth of smart cities and smart spaces that promote energy efficiency and cost savings, boosting the ambient intelligence market. The market is further propelled by increasing investment in ambient intelligence by developing nations and the growing use of nano-technologies, smart technologies, and autonomous vehicles.

    The study period of the market is 2017-2029.