Eye Tracking Market to Grow at 21.8% CAGR by 2030
Surge in demand of eye tracking technologies for consumer research, advertising and rising adoption of contactless biometric are the factors driving the eye tracking market growth globally.
The Eye Tracing market is expected to grow at a CAGR of 21.8% from 2022-2030, according to a new research report by Next Move Strategy Consulting.
Eye tracking technology consist of a remote eye tracker that is connected to the computer, which help to collect data about the overall activities of the eye such as ignoring, blinking, looking, reaction of the pupil in different situation and other such activities. These data give insight into human behaviour and enable user to experience hands free interaction with a wide range of devices. Eye tracking finds application in different industries such as aerospace & defense, automotive, health care and security to ensure the safety for their participant. For instance, military pilots use display systems in the aircraft that works on eye tracking technology to help the pilot control planes without keeping their hands on the control systems all the time. The eye tracking market is expected to propel due to large scale investments in smart wearable technologies and increasing adoption of assistive devices. However, increasing uses of robotic technologies in industries and high cost of eye tracking devices are expected to hinder the market growth during the forecast period to some extent.
Based on type, the market has been segmented into head-mounted eye tracker and remote eye tracker. Based on application the market is divided into assistive communication, academic research, consumer behaviour research, and usability testing. Based on industry vertical, the market is classified into retail, automotive, healthcare, Military & Aerospace, and others. Based on geography eye tracking market is segmented into North America, Europe, Asia-Pacific, and RoW.
At present, due to technological advancements, infrastructure development and growth in the use of sensors, the North America region possesses the lion share of the eye tracking market. However, the Asia Pacific region is expected to show exponential growth within the forecast period owing to the rapid adoption of eye tracking in different industries.
According to the report, some of the key drivers of eye tracking market are Tobii AB, LC technologies, Eyetech Digital Systems, Ergoneers GmbH, Smart Eye AB., Mirametrix Inc., Pupil Labs GmbH, Seeing Machines, SR Research Ltd., and Gazepoint. Various.
Key Insights from the Global Eye Tracking Market Report:
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Current emerging trends and opportunities are extensively analysed in eye tracking market report.
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The forecast of the eye tracking market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report eye tracking market – is segmented by type, application, industry vertical and geography.
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