Report Feature
The future of the eye tracking market looks promising with opportunities in various applications, such as assistive communication, academic research, consumer behavior, market research, human behavior, and usability testing. The global eye tracking market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected grow with a CAGR of 24% to 26% from 2020 to 2025. The major drivers for this market are growing demand for eye tracker-based assistive communication devices and growing usage of eye tracking technology in the military and aerospace sectors.
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The study includes trends and forecasts for the global eye tracking market by offering, end use industry, tracking type, application, type, and region as follows:
By Offering [$M shipment analysis for 2014 – 2025]:
- Hardware
- Software
- Research & Consulting Services
By End Use Industry [$M shipment analysis for 2014 – 2025]:
- Retail & Advertisement
- Consumer Electronics
- Healthcare & Research Labs
- Government, Defense, and Aerospace
- Automotive & Transportation
- Others
By Tracking Type [$M shipment analysis for 2014 – 2025]:
- Remote Eye Tracking
- Mobile Eye Tracking
By Application [$M shipment analysis for 2014 – 2025]:
- Assistive Communication
- Academic Research
- Consumer Behavior
- Market Research
- Human Behavior
- Usability Testing
By Type [$M shipment analysis for 2014 – 2025]:
- Eye Attached Tracking
- Optical Tracking
- Electrooculography
By Region [$M shipment analysis for 2014 – 2025]:
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North America
- United States
- Canada
- Mexico
-
Europe
- Germany
- United Kingdom
- France
- Italy
-
Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
Some of the eye tracking companies profiled in this report include Tobii, SR Research, Seeing Machines, PRS IN VIVO, Smart Eye, Ergoneers GmbH, LC TECHNOLOGIES, Apple Inc., and EyeTech Digital Systems
Mobile eye tracking will remain the largest tracking type segment over the forecast period due to growing demand for vision tracing technology in commercial applications.
Assistive communication will remain the largest application segment during the forecast period due to growing demand for assistive communication devices for physically impaired people.
North America will remain the largest region during the forecast period due to growing usage of advanced technology in the healthcare sector and increasing demand for eye tracking devices for assistive communication application in countries, like the US.
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Features of Eye Tracking Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global eye tracking market by offering (hardware, software, and research & consulting services), end use industry (retail & advertisement, consumer electronics, healthcare & research labs, government, defense, and aerospace, automotive & transportation, and others), tracking type (remote eye tracking and mobile eye tracking), application (assistive communication, academic research, consumer behavior, market research, human behavior, and usability testing), type (eye attached tracking, optical tracking, and electrooculography), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the eye tracking market? Q.5 What are the business risks and threats to the eye tracking market? Q.6 What are emerging trends in this eye tracking market and the reasons behind them? Q.7 What are some changing demands of customers in the eye tracking market? Q.8 What are the new developments in the eye tracking market? Which companies are leading these developments? Q.9 Who are the major players in the eye tracking market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the eye tracking market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the eye tracking market? |
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Eye Tracking Market
6.1.1 Growth Opportunities for the Global Eye Tracking Market by Offering
6.1.2 Growth Opportunities for the Global Eye Tracking Market by End Use Industry
6.1.3 Growth Opportunities for the Global Eye Tracking Market by Tracking Type
6.1.4 Growth Opportunities for the Global Eye Tracking Market by Application
6.1.5 Growth Opportunities for the Global Eye Tracking Market by Type
6.1.6 Growth Opportunities for the Global Eye Tracking Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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