Global Location-based Ambient Intelligence Market – Industry Trends and Forecast to 2030

Global Location-based Ambient Intelligence Market, By Component (Virtual Reality, Wearables, mHealth, Smart Homes), Technology (Bluetooth Low Energy, RFID, Sensors Ambient Light Sensor, Software Agents, Affective Computing, Nanotechnology, Biometrics, Others), End User (Residential, Retail, Healthcare, Industrial, Office Building, Automotive, Others) – Industry Trends and Forecast to 2030.

Location-based Ambient Intelligence Market Analysis and Size

The expansion of location-based ambient intelligent technology is being accelerated by the rapid globalization predicted for 2023–2030. With cutting-edge A.I. technology, everything is now at your fingertips. It's even simpler to use home technology than to use a phone. Indeed, there are some negative aspects of progress in addition to positive ones. The key players are also driving the market by creating better health-focused smart devices, reflected in the growing use of mobile devices and fitness trackers and the ever-increasing public awareness of health care.

Data Bridge Market Research analyses that the location-based ambient intelligence market, valued at USD 188.96 billion in 2022, will reach USD 886.82 billion by 2030, growing at a CAGR of 21.32% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Location-based Ambient Intelligence Market Scope and Segmentation  

Market Definition

Location-based ambient intelligence is a multidisciplinary technology that helps to improve interactions between people and their surroundings. Ambient intelligence is the detection of human or other object presence and combines information about an individual's location with information used to do so. This guarantees that information can offer better IOT-based services and solutions. Three technologies, ubiquitous communication, computing, and user interface, are the foundation of ambient intelligence.

Location-based Ambient Intelligence Market Dynamics

Drivers

• Increasing demand for energy-saving technologies

The location-based ambient intelligence market is driven by rising consumer awareness of energy conservation and a preference for more energy-efficient home systems and solutions. Individuals can control all of the devices connected to their network thanks to smart home systems. For instance, programmable homes' temperature controls and schedules can help consumers use less energy. Customers frequently encounter difficulties in effectively programming their homes to receive these advantages. Apps with added remote control convenience are included in smart homes connected to a home Wi-Fi network and are simple to use, leading to a surge in market growth.

• The growing use of AML encourages the demand for location-based ambient intelligence market

AML technology helps with efficiency and performance as well as human-machine interaction. AML, for instance, enables the system to recognize user absence and conserve power when not in use. The rise in smart cities and smart spaces due to increased demand for cost- and energy-effectiveness will fuel the expansion of the ambient intelligence market. Growing adoption of nanotechnology, smart technology, self-driving cars, and rising investments in ambient intelligence by developing nations are propelling the market's expansion. The expansion of location-based mobile software applications is driving the demand for the sector.

Opportunities

• The growing use of mobile devices and mHealth

More people own smartphones, tablets, and other mobile devices, opening up opportunities for exponential growth. mHealth is increasingly used for managing chronic care to serve complex populations. The demand for mHealth to transform healthcare is also growing quickly due to the move toward outcome-based delivery and a patient-centric strategy. Despite the increasing use of mobile devices and fitness trackers and rising public awareness of health care, the market is also driven by the key players developing improved health-oriented smart devices. This is anticipated to allow customers to offer their application development services to the healthcare industry.

Restraints/Challenges

• High reliance on A.I. and a lack of privacy could limit market expansion

Artificial intelligence is rising in smart and developed cities, but a heavy reliance on it can invade your personal space. Given that ambient intelligence can lack privacy, security, and encryption technology, which can further restrain market expansion. A.I. tracks everything, and there is no privacy.

This location-based ambient intelligence market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the location-based ambient intelligence market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2022: The Company Nuance Communications Inc. announced the expansion of its diagnostic imaging next-generation ambient A.I. capabilities. The updated AI-powered reporting features in the Nuance Power Scribe platform are an updated capability, enabling radiologists to produce accurate reports with clinical data in less time.
• In 2022:- Microsoft completed the acquisition of ambient intelligence (A.I.) and artificial intelligence (A.I.) company Nuance Communications, enabling businesses in the healthcare and other sectors to offer more individualized and better patient experiences.
• In 2021: According to Microsoft showcased the transition from the era of mobile and cloud computing to the era of ubiquitous computing and ambient intelligence. More digitization occurred in the era over the following ten years. This action took place during Ignite 2021.

Global Location-based Ambient Intelligence Market Scope

The location-based ambient intelligence market is segmented on the basis of components, technology, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Virtual Reality
• Hardware
• Software
• Wearables
• mHealth
• Smart Homes
• Lighting controls
• Security and Access control
• HVAC Controls
• Entertainment controls
• Others

Technology

• Bluetooth Low Energy
• RFID
• Sensors Ambient Light Sensor
• Software agents
• Affective computing
• Nanotechnology
• Biometrics
• Others

End-user

• Residential
• Retail
• Healthcare
• Industrial
• Office Building
• Automotive
• Others

Location-based Ambient Intelligence Market Regional Analysis/Insights

The location-based ambient intelligence market is analysed and market size insights and trends are provided by country, components, technology, and end user, as referenced above.

The countries covered in the location-based ambient intelligence market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region's dominance are the existing technological integration and advanced technology adoption in the U.S., resulting in the market holding the largest share out of all the regions.

Asia-Pacific will undergo the highest growth rate during the forecast period owing to innovations and the keen preferences of the users to utilize a better form of artificial intelligence.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Location-based Ambient Intelligence Market Share Analysis

The location-based ambient intelligence market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to location-based ambient intelligence market.

Some of the major players operating in the location-based ambient intelligence market are:

• Infosys Limited (India)
• Huawei Technologies Co., Ltd. (China)
• SAMSUNG (South Korea)
• ABB (Switzerland)
• Honeywell International Inc. (U.S.)
• Medic4all (Australia)
• Assisted Living Technologies, Inc. (U.S.)
• Vita Group Holdings Limited (U.K.)
• Johnson Controls. (Ireland)
• Chubb Fire & Security (U.K.)
• Doro AB (Sweden)
• Nokia (Finland)
• Google (U.S.)
• HTC Corporation (Taiwan)
• HTC GLOBAL SERVICES (U.S.)
• Schneider Electric (France)
• Siemens (Germany)