March 30, 2020

Eye Tracking Market (27.5% CAGR) 2017 to 2025: Global Industry Size, Share, Growth, Trends and Forecast

According to a new market research report published by Credence Research “Eye Tracking Market – Growth, Future Prospects, Competitive Analysis and Forecast 2017 – 2025”, the global eye tracking market was valued at US$ 268.7 Mn in 2016 and is expected to grow at a CAGR of 27.5% during the forecast period from 2017 to 2025.

Market Insights

Increasing demand for processing valuable data in applications such as healthcare, retail and automotive to analyze customer behavior is one of the key driver in this market. Additionally, incorporation of eye tracking technology into latest devices like virtual reality (VR)/augmented reality (AR) headsets and head mount devices is anticipated to fuel the growth of global eye tracking technology market. However, factors such as rising adoption of automation in vehicles and increasing usage of advanced robotics and smart factories have been working towards reducing human intervention in various operations. Thereby, technological advancements in other parallel technologies pose as a major challenge in the adoption of eye tracking technology. Nevertheless, investments towards innovative applications such as research and consumer behavior analysis offer immense growth opportunities for the overall eye tracing market in the following years.

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Competitive Insights:

The global eye tracking market is fairly consolidated with several leading providers of eye tracking technology offering basic hardware, software and services. However, there is also a large presence of numerous niche players which offer specialized solutions for innovative applications.

Key Trends:

  • Increasing incorporation of eye tracking technology in the consumer electronics and virtual reality segment
  • Rising adoption of eye tracking solutions in research and advertising applications
  • Rise of applications in the automotive and healthcare sectors

List of Companies Covered:

  • Tobii AB
  • SensoMotoric Instruments GmbH
  • SR Research Ltd.
  • Seeing Machines Ltd.
  • EyeTracking, Inc.
  • Smart Eye AB
  • LC Technologies, Inc.
  • Ergoneers GmbH
  • EyeTech Digital Systems, Inc.

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Market Segmentation

By Component Type

  • Hardware
  • Software
  • Services

By Application

  • Retail
  • Healthcare
  • Automotive
  • Consumer Electronics
  • Defense and Aerospace
  • Others

By Geography Segment

• North America (U.S., Rest of North America)

 • Europe (U.K., Germany, France, Rest of Europe)

 • Asia Pacific (Japan, China, India, Rest of APAC)

 • Rest of the World (Middle East & Africa, Latin America)

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