Eye Tracking Market 2018 – Regional Overview, Industry Outlook, New Prospects, Development Scope And Forecast To 2025 | Grand View Research, Inc.

September 01 09:47 2021
Eye Tracking Market 2018 - Regional Overview, Industry Outlook, New Prospects, Development Scope And Forecast To 2025 | Grand View Research, Inc.
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According to a new report published by Grand View Research, increasing use of smart sensors for process control & decision making and rising demand for contactless biometrics are among the key trends stoking market growth

The global eye tracking market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 26.3% CAGR during the forecast period. Vision capturing systems are used to determine duration and exact location of a user’s visual attention.

These systems include recording pupil movement, determining fixation point and duration, processing data and images, and filtering relevant data using software algorithms. The filtered data can be analyzed and used for various applications in automotive, consumer electronics, healthcare, and retail industries.

Eye movement detection is one of the most important features being integrated into VR headsets. In July 2016, Fove, Inc. launched its eye-tracking VR headset capable of directly integrating eye-tracking sensors into the headset in order to monitor a user’s gaze. In future, vision tracing is anticipated to enable foveated rendering, a technology that devotes most of the computer’s graphics to what the user is viewing while keeping other content at low quality.

Vision tracking technology finds application in the healthcare and biomedical sectors. For instance, vision capturing sensors aid in detecting head trauma. However, in recent years, sight tracing is increasingly being used in automotive and consumer electronics applications as well.

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Eye Tracking Market Report Highlights

 By type, the optical tracking segment is expected to witness a CAGR of over 24.0% during the forecast period and account for the largest revenue share by 2025. Eye attached tracking was the second largest segment in 2017

 On the basis of application, the healthcare segment is projected to account for around 24% of the total revenue generated by 2025

 The North American region accounted for the largest revenue share in 2017 and is anticipated to continue dominating the market over the forecast period

 The key players in the eye tracking market include Tobii AB, Seeing Machines, and SR Research Ltd.

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Eye Tracking Market Segmentation       

Grand View Research has segmented the global eye tracking market on the basis of type, component, location, application, and region.

Eye Tracking Type Outlook (Revenue, USD Million, 2014 – 2025)

     Eye Attached Tracking
    Optical Tracking
     Electrooculography

Eye Tracking Component Outlook (Revenue, USD Million, 2014 – 2025)

     Hardware
    Software

Eye Tracking Location Outlook (Revenue, USD Million, 2014 – 2025)         

     Remote
    Mobile

Eye Tracking Application Outlook (Revenue, USD Million, 2014 – 2025)

     Healthcare
    Retail
     Research
     Automotive
     Consumer Electronics
     Others

Eye Tracking Regional Outlook (Revenue, USD Million, 2014 – 2025)         

     North America
        • U.S.
        • Canada
     Europe
        • Germany
        • U.K.
     Asia Pacific
        • China
        • India
        • Japan 
    • Latin America
        • Brazil
        • Mexico
     Middle East & Africa

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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