Eye Tracking Market 2019 – 2023: Company Profiles, Emerging Technologies, Business Trends, Industry Profit Growth, Global Segments and Regional Study

Eye Tracking Market 2019 - 2023: Company Profiles, Emerging Technologies, Business Trends, Industry Profit Growth, Global Segments and Regional Study

“Eye Tracking Market”
Global Eye Tracking Market is expected to reach approximately at USD 1,432 Million by 2023 with growing 29 % CAGR during forecast period 2017-2023 and Eye Tracking Market, By Type (Mobile, Remote), By Applications (Human-Computer Interaction, Virtual Reality), By Verticals (Aerospace, Retail, Automotive, Government & Defense).

Eye Tracking Market Highlights:

Eye tracking technology is at a nascent stage and is prognosticated to gain traction over the next couple of years. Increasing demand for contactless biometrics is one of the key drivers of the global eye tracking market. In the study presented by Market Research Future (MRFR), the global market is poised to witness a remarkable CAGR of 29% across the evaluation period 2017 to 2023.

The study further unravels that the valuation of the Eye Tracking Marketis expected to reach USD 1,432 Mn by 2023.

Increasing integration of the technology into smartphones is anticipated to revolutionize the growth pattern of the market. The rising demand for smartphones is prognosticated to boost the proliferation of the eye tracking market in the years to come. Also, the developments in VR mounted displays are projected to leverage the technology in the nearby future, thus, supporting market growth. The growth of the gaming industry is expected to catapult the market on growth trajectory in the forthcoming years.

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Competitive Dashboard:

Facebook Inc. (US), Ergoneers GmbH (Germany), Seeing Machines Ltd. (Australia), Tobii AB (Sweden), PRS IN VIVO (US), SR Research Ltd. (Canada), Apple Inc. (U.S), EyeTech Digital Systems (U.S), Smart Eye AB (Sweden), and Lumen Research Ltd. (UK) are few of the eminent players of the global eye tracking market.

The technology being a relatively newer aone is expected to undergo tremendous developments in the years to come. This, in turn, is expected to motivate the players to invest massive amounts in research and development. It is expected to boost competition in the market place over the next couple of years. Apart from this, investments in the expansion of global footprint are also poised to intensify competitiveness in the upcoming years. The inorganic approaches for growth that are anticipated to be witnessed in the eye tracking market are acquisitions, mergers, collaborations, partnerships, agreements with end-users, etc. 

Market Segmentation:

  • Based on type, the global eye tracking market has been segmented into mobile, remote, and others.
  • On the basis of applications, the eye tracking market has been segmented into human-computer interaction, research, virtual reality, and others.
  • By vertical, the global eye tracking market has been segmented into aerospace, retail, government & defense, automotive, and others.

Regional Analysis:

The regional assessment of the global eye tracking market is included in the study on both regional as well as country-level basis. Key regional segments of the market profiled in this MRFR report are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (ROW). North America is expected to exhibit exceptional growth during the assessment period. The rising investments in the technology for the development of VR API by players such as Google and Oculus are expected to lead the market in the years to come. In addition, the extensive research & development undertaken by key players based out of the region is further anticipated to push the regional eye tracking market on upward trajectory.

Europe is projected to witness an upswing in term of revenue over the next couple of years. Increasing investments in the integration of the technology into smartphones and VR head-mounted displays is prognosticated to emerge as the driving factor in the foreseeable future. Also, the players based out of the region are assessed to increase investments in technological developments. It is expected to act as a growth catalyst for the eye tracking market in the upcoming years. 

Asia Pacific exhibits the growth potential and is anticipated to strike a comparatively higher CAGR across the review period. Rapid technological developments, in conjunction with the declining price, are likely to favor market expansion in the region over the next few years.

Table of Contents

1.       Executive Summary

2.       Research Methodology

2.1.      Scope of the study

2.1.1.   Definition

2.1.2.   Research Objective

2.1.3.   Assumptions

2.1.4.   Limitations

2.2.      Research Process

2.2.1.   Primary Research

2.2.2.   Secondary Research

2.3.      Market size Estimation

2.4.      Forecast Model

Continued…

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List of Tables

Table 1 Eye Tracking Market, By Type

Table 2 Eye Tracking Market, By Applications

Table 3 Eye Tracking Market, By Verticals

Continued…

List of Figures

Figure 1 Research Methodology

Figure 2 Eye Tracking Market: By Type (%)

Figure 3 Eye Tracking Market: By Applications (%)

Continued…

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