Our report, Active Aging: Consumer Perceptions and Attitudes, shows the U.S. market for solutions provided by smart, connected devices is expected to grow from $9 billion in 2018 to nearly $30 billion in 2022. The largest segment of this market will be safety and smart living technologies, which will triple in size during that time. AARP research finds the spending of 50-plus year old Americans amounts to $5.6 trillion and supports nearly 90 million jobs. The American Institutes for Research finds that after-tax disposable income for working age people with disabilities is about $490 billion.
This data and our consumer report show there is a viable market for consumer technologies focused on these two demographics. In our meetings at CES and throughout the year we have found great interest by both companies and organizations working with the disability and aging communities to engage.
If you are interested in connecting with these communities to help design or test your products, contact me at sewell@CTAFoundation.tech or 703-907-7660. We can help connect you with groups that can assist. To work with the Foundation and other industry leaders, visit CTAFoundation.tech.
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