Australia Ambient Assisted Living And Smart Home Market Size & Outlook
Australia ambient assisted living and smart home market, 2018-2030 (US$M)
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Australia ambient assisted living and smart home market highlights
- The Australia ambient assisted living and smart home market generated a revenue of USD 2,639.9 million in 2023 and is expected to reach USD 20,201.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 33.7% from 2024 to 2030.
- In terms of segment, living smart home was the largest revenue generating type in 2023.
- Living Smart Home is the most lucrative type segment registering the fastest growth during the forecast period.
Ambient assisted living and smart home market data book summary
| Market revenue in 2023 | USD 2,639.9 million |
| Market revenue in 2030 | USD 20,201.0 million |
| Growth rate | 33.7% (CAGR from 2023 to 2030) |
| Largest segment | Living smart home |
| Fastest growing segment | Living Smart Home |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ambient Assisted, Living Smart Home |
| Key market players worldwide | Johnson Controls International PLC, Kohler, Koninklijke Philips NV, Siemens AG, Medic4all, GETEMED, Televic, Loxone, EnOcean Alliance, Caretech Group |
Other key industry trends
- In terms of revenue, Australia accounted for 2.5% of the global ambient assisted living and smart home market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India ambient assisted living and smart home market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,799.4 million by 2030.
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Ambient Assisted Living And Smart Home Market Scope
Ambient Assisted Living And Smart Home Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 92.7% in 2023. Horizon Databook has segmented the Australia 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.
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Target buyers of Australia ambient assisted living and smart home market databook
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Our clientele includes a mix of ambient assisted living and smart home market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia ambient assisted living and smart home market , including forecasts for subscribers. This country databook contains high-level insights into Australia ambient assisted living and smart home market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia ambient assisted living and smart home market size, by type, 2018-2030 (US$M)
Australia Ambient Assisted Living And Smart Home Market Outlook Share, 2023 & 2030 (US$M)
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