Location-based Ambient Intelligence: Next Big Leap for Consumer Electronics in Healthcare

The healthcare sector is converging with the Information and Communications Technology (ICT) sector rapidly, as the need for tech-driven, highly-efficient electronic appliances is growing in various applications, including assisted living. Statistics published by the United Nations state that, in 2013, elderly people accounted for nearly 12% of the global population, and this number is likely to grow rapidly to reach 21% by 2050. This is expected to give rise to the demand for automatic machine-based assistance for the elderly population, consequently providing a fillip to the growth of the location-based ambient intelligence market.

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The global market for location-based ambient intelligence reached ~US$ 91.7 billion in 2018, and is likely to reach ~US$ 108 Bn in 2019, with a two-fifth revenue share occupied its applications in smart homes. While the integration of location-based ambient intelligence is observed largely in connected homes, emerging trends in the e-healthcare and telemedicine industries will underscore the new growth prospects for the market in the coming future.

Ongoing advancements in technologies are likely to boost the popularity of ambient-assisted living and the integration of ambient intelligence solutions for assisting medical diagnosis. Increasing sales potential of medical devices that are integrated with ambient intelligence technology, which is intrinsically and thoroughly connected with artificial intelligence (AI), will create a massive window of opportunities for stakeholders in the healthcare sector.

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