Press release
Ambient Intelligence Global Market Report 2024 - By Size, Share, Trends, Forecast To 2033
Ambient Intelligence
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.
Market Overview -
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.
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Advancing Ambient Intelligence Through Government-Led Smart City Programs
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.
Competitive Landscape -
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
Revolutionary Compact Sensor For Ambient Intelligence
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
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