Impact of COVID 19 on Eye Tracking Market
The eye
tracking market is expected to grow from USD 560 million in 2020 to USD
1,786 million by 2025; it is expected to grow at a CAGR of 26.1% from 2020 to
2025. The high demand for eye trackers in the healthcare vertical, especially
for the assistive communication application is one of the key driving factors
for the eye tracking market. The increasing penetration of eye tracking
technology in the consumer electronics vertical, and high demand for eye
trackers for personalized advertisements and consumer research purposes are a
few other key factors having a positive impact on the growth of the eye
tracking market.
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Remote eye tracking segment to hold largest share of eye
tracking market, by tracking type, in 2020
The remote eye tracking segment will lead the eye tracking
market, by tracking type, in terms of size, by 2020. The leading position of
this segment can be attributed to the high demand for remote eye trackers for
assistive communication and human behavior & market research applications,
especially in healthcare, research, and retail verticals.
Market for automotive & transportation vertical to
grow at highest CAGR during forecast period
The eye tracking market for the automotive &
transportation vertical is expected to witness the highest growth during the
forecast period. Rise in the adoption of eye tracking technology in the
automotive & transportation vertical for integration in driver monitoring
systems is the major reason for the high growth of this vertical in the eye
tracking market. Eye tracking technology is considered as an effective
technology to detect drowsy or distracted drivers due to which this technology
is increasingly being integrated into driver monitoring systems. The healthcare
& research labs vertical is expected to dominate the eye tracking market,
in terms of size, during the forecast period.
North America to hold largest share of eye tracking
market by 2020
North America is expected to hold the largest share of the
eye tracking market by 2020. The US and Canada are the key countries
contributing to the growth of the eye tracking market in North America. Europe
is expected to account for the second-largest share of the eye tracking market
during the forecast period. The UK and Germany are significant
demand-generating countries for eye tracking technology-based products and
services in this region.
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A few key players operating in the eye tracking market are
Tobii (Sweden), EyeTracking (US), SR Research (Canada), Seeing Machines
(Australia), PRS IN VIVO (France), Smart Eye (Sweden), EyeTech Digital Systems
(US), LC Technologies (US), Ergoneers (Germany), ISCAN (US), iMotions
(Denmark), and Lumen Research (UK).
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