Global Eye Tracking Market (2018 to 2028) – Penetration of Eye-Tracking Technology in AR/VR Devices Presents Opportunities
FMI states in its recent study on the eye-tracking systems market that the market will record an impressive CAGR of 26.6% through 2028. Demand for the eye-tracking system is anticipated to continue surging due to the recent advancements in The marketing and advertising industry
Eye tracking system is allows to measure relative motion of eye and most importantly the point of gaze of the person. Not limited to only retail and automotive application, eye tracking system are also used for human-computer interaction, psycholinguistics, visual system, product design, marketing and psychology The advancement in eye tracking system technology, leading car manufacturers are collaborating with eye tracking system provider to incorporate safety measure and improve drivability. With opportunity not only limited to automobile, the eye tracking system technology is also being tested for aviation application
“The global Eye Tracking System market is expected to witness a high growth rate during the forecast period. The unique benefits offered by eye-tracking systems for consumer behavior research and academic & scientific research are driving the eye-tracking system market across the globe.” says the FMI analyst.
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Eye-tracking system Market – Important Highlights
- During the forecast era, the demand for mobile eye tracking is projected to rise with the fastest CAGR.
- During the estimated timeframe, according to application type, the eye-tracking market for assistive communication is expected to hold a dominant role
- North America is expected to remain a prominent regional market for eye-tracking system
Eye-tracking system Market – Drivers
- Increasing use in academic and science studies, to study how people communicate visually with the environment is driving the growth of the market.
- The increasing popularity of The marketing and advertising industry is boosting the growth further
- Favorable government policies and investments in the healthcare sector are anticipated to contribute to the growth of the market.
Eye-tracking system Market – Restraints
- Hindrance in the eye-tracking market supply chain due to COVID-19 is creating deterrents.
- The Growth in the gesture recognition market is anticipated to be one of the key restraints for the eye-tracking systems market during the projected years.
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COVID-19 Impact on eye-tracking system Market
During this time there has been a disruption in the supply and demand chain which has caused an impact on the revenue of the eye-tracking system in a negative way. However, this is estimated to be a temporary effect and the market is expected to have a turnaround. The pandemic has led to a decrease in the patient’s flow in the hospitals, and doctor chambers. This has caused a reduction in the number of cardio surgeries and that in turn has affected the eye-tracking system market.
The eye-tracking system market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. Some of the prominent players listed in the global Eye Tracking Device market analysis include Tobii AB, SR Research Ltd, LC Technologies, EyeTech Digital Devices, and Seeing Machines Ltd, among others. Big technology giants, such as Apple, Facebook, Microsoft, Lenovo, HTC, and Google, have recently either bought or partnered with promising eye tracking device firms to access eye tracking system technology for use in their products.
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Table Of Content
1. Executive Summary
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
3.2. Market Dynamics
3.3. Value Chain
3.4. Opportunity Analysis
4. Global Eye Tracking System Market Analysis 2013-2017 and Forecast 2018-2028
4.1.1. Global Average Pricing Analysis
4.1.2. Market Value and Volume Forecast
4.1.3. Market Size and Y-o-Y Growth
4.1.4. Absolute $ Opportunity
5. Forecast Factors: Relevance and Impact
6. Global Eye Tracking System Market Analysis 2013-2017 and Forecast 2018-2028 By System Orientation
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By System Orientation, 2013 – 2017
6.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By System Orientation, 2018 – 2028
6.4. Key Trends / Developments
6.5. Market Attractiveness Analysis By System Orientation
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About the Study
The study offers readers a comprehensive assessment of the eye-tracking system market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on system orientation (Remote, Wearable), application(Assistive Communication, Marketing & Consumer Behavior Research, Medical Research & Healthcare, Smartphones, Gaming, and VR/AR, Automotive & Aviation) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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