The Global Eye Tracking Market is projected to reach a value of over USD 1.6 billion by 2027 at a CAGR of around 25.1%.
The eye tracking is refers to a sensor technology, which helps to detect the presence, attention, as well as the focus of the user. Also, it is a device which being used to analyze and evaluate the moment and position of the eye concerning the head. Moreover, this technology helps in determining the gazing location of a person on a digital screen, blink frequency and the reaction of pupil to different stimulus. Also, it is majorly finds its application in the intelligent as well as in the security systems.
Hence, the eye tracking devices is being connected by computer system which stores the data, generated by these devices. Also, these system helps to analyze and collect data of human visualization process that is used for instructive as well as analysis applications.
Market Driver:
With the growing demand for contactless biometrics is witness to boost the growth of the market in the forecast period. Whereas, the biometric systems is being majorly used for the security in the prison management system and by the defense sector. As the Maine Department of Corrections in Washington, D.C has been executed the iris scanning technology, which is a contactless technology features which is faster as compare to the fingerprint scanning technology. However, these technology is used to track convict of the prison, verifying the identity of outsider as well as evidencing the identity before getting into the bounded areas.
Furthermore, the defense sector as well as the police departments has been deploy the iris biometric scanners to verify the individuals, for improve the security system and managements. These adoption may lead to fuel the growth of the eye tracking market in the projected period.
Market Restraints:
One of the major key concern of the market is ongoing Covid-19 pandemics which may hamper the market growth. However, the most countries has been implemented the lockdowns due to the spread of the Covid-19. As, it create a major issue of the business as well as for the supply chain market. These may lead to create a major challenging factor for the eye tracking based system manufactures in supplying the products as well as in manufacturing.
Furthermore, increasing robotics technology as well as the availability of substitutes may also lead to restrain the growth of the market in the projected period.
The report on the eye tracking market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Offering, Type, Tracking Type, Application, End-User, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Eye Tracking Market, by Offering
Eye Tracking Market, by Type
Eye Tracking Market, by Tracking Type
Eye Tracking Market, by Application
Eye Tracking Market, by End-User
Eye Tracking Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE EYE TRACKING MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY