Eye Tracking Market to Witness Robust Expansion Throughout the Forecast Period 2022 - 2028

"Eye Tracking Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software, Services); Tracking Device Type (Screen-Mounted Tracker, Wearable Tracker); Application (Assistive Communication, Human Behavior and Research, Virtual Reality, Others); Industry (Consumer Electronics, Healthcare and Research, Automotive, Others) and Geography"

Eye tracking is a sophisticated sensor technology that senses the user's presence, attention, and concentration. These particulars provide valuable insights into human nature and allow for a natural user experience across a wide variety of devices. Apart from understanding human nature, the technology is commonly used to allow hands-free interaction and create new user experiences. Because of the widespread adoption of smart sensors and contactless biometrics systems, the North American region is a major contributor to the industry.

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Companies Profiled in this report includes: Ergoneers GmbH,  Eyetech Digital Systems, Inc.,  ISCAN,  LC Technologies, Inc. (EyeGaze),  Mirametrix Inc.,  Pupil Labs GmbH,  Sensomotoric Instruments GmbH (Apple Inc.),  Smart Eye AB,  SR Research Ltd. (Eye Link),  Tobii AB

MARKET SEGMENTATION

  Based on component, the global eye tracking market is segmented into hardware, software, and services.

  On the basis of device, the market is segmented into remote eye tracking, and mobile eye tracking.

  On the basis of application, the market is segmented into human computer interface (HCI), nedical, virtual reality, and research and development.

  On the basis of industry vertical, the market is segmented into retail and advertisement, consumer electronics, healthcare and research labs, government and defense, automotive and transportation, and others.

MARKET DYNAMICS

Drivers:

  Rising adoption of eye-tracking technology in advertisement and consumer research.

  The high demand for eye trackers in the healthcare vertical, especially for the assistive communication application.

Restraints

  Growth in gesture recognition market.

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IMPACT OF COVID-19 ON EYE TRACKING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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This release was published on openPR.