Global Ambient Assisted Living And Smart Home Market Size & Outlook

The ambient assisted living and smart home industry worldwide is expected to reach a projected revenue of US$ 645,188.7 million by 2030. A compound annual growth rate of 29.7% is expected of the worldwide ambient assisted living and smart home industry from 2024 to 2030.
Revenue, 2023 (US$M)
$104,588.9
Forecast, 2030 (US$M)
$645,188.7
CAGR, 2024 - 2030
29.7%
Report Coverage
Worldwide

Global ambient assisted living and smart home market, 2018-2030 (US$M)

Related Markets

Global ambient assisted living and smart home market highlights

  • The global ambient assisted living and smart home market generated a revenue of USD 104,588.9 million in 2023 and is expected to reach USD 645,188.7 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 29.7% by 2030.
  • In terms of segment, living smart home accounted for a revenue of USD 97,094.7 million in 2023.
  • Living Smart Home is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 104,588.9 million
Market revenue in 2030USD 645,188.7 million
Growth rate29.7% (CAGR from 2023 to 2030)
Largest segmentLiving smart home
Fastest growing segmentLiving Smart Home
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAmbient Assisted, Living Smart Home

Other key industry trends

  • In terms of revenue, the North America accounted for 33.4% of the global ambient assisted living and smart home market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 115,292.5 million by 2030.

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Ambient Assisted Living And Smart Home Market Companies

Name Profile # Employees HQ Website

Global ambient assisted living and smart home market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ambient assisted living and smart home market will help companies and investors design strategic landscapes.


Living smart home was the largest segment with a revenue share of 92.83% in 2023. Horizon Databook has segmented the Global ambient assisted living and smart home market based on ambient assisted, living smart home covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Ambient Assisted Living And Smart Home Type Outlook (Revenue, USD Million, 2018-2030)
    • Ambient Assisted
      • Safety & Security
      • Communication
      • Medical Assistive
      • Mobility
      • Telemedicine
      • Compensatory Impairment
      • Consumer Electronics
      • Others
    • Living Smart Home
      • Energy Management Systems
      • Entertainment Control
      • Security & Access Control
      • HVAC Control
  • Global Ambient Assisted Living And Smart Home Services Outlook (Revenue, USD Million, 2018-2030)
    • Installation and Repair Service
    • Customization and Renovation

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Horizon Databook provides a detailed overview of global-level data and insights on the Global ambient assisted living and smart home market , including forecasts for subscribers. This global databook contains high-level insights into Global ambient assisted living and smart home market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global ambient assisted living and smart home market size, by regions, 2018-2030 (US$M)

Top 10 countries: Ambient assisted living and smart home market size, 2023 (US$M)

Global ambient assisted living and smart home market share, by type, 2023 & 2030 (%, US$M)

Ambient assisted living and smart home market: Opportunity assessment by country

Global ambient assisted living and smart home market, by region, 2023 (US$M)

Global ambient assisted living and smart home market size, by regions, 2018-2030 (US$M)

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