Eye Tracking Market By Offering (Software ,Hardware), By Application(AR and VR, Human Behavior and Market Research, Assistive Communication) - Global Opportunity Analysis and Industry Forecast, 2018-2023
Global Eye Tracking Market was valued at USD 310 Million for the year 2017. Eye Tracking Market is further expected to grow at a CAGR of 27.16% from 2018 to reach USD 1.29 Billion by the year 2023.
North America region holds the highest market share in 2017. The Asia-Pacific region is also considered as the fastest growing market in the forecasted period.
US is the major market in 2017 at country level and it is also further anticipated to grow at a steady pace in the next 5 years.
Eyetracking, Inc. (US), Seeing Machines Ltd. (Australia), Tobii AB (Sweden), Smart Eye AB (Sweden), Sensomotoric Instruments GmbH (Apple Inc.) (Germany) are some of the top players in the Eye Tracking Market with Tobii AB holding a substantial market share in 2017.
Better global reach, at operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
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Rising demand for personalized advertisement
Developments in the automotive sector
Increasing use of applications in the AR/VR Market
Estimating the economies of scale
The segmentation done on the basis of Offering include Software, Hardware of which the Hardware segment is expected to hold the highest market share during the forecast period.
Segmentation done on the basis of Industry includes Automotive and Transportation, Healthcare and Research Labs, Consumer Electronics, Retail and Advertisement, Defense, and Aerospace segment of which Automotive and Transportation segment is expected to grow at the highest CAGR during the forecasted period.
Key Benefits for Stakeholders
Eye Tracking System Providers
Research and Consulting organization
End use industries
Regulatory bodies, policy makers and consumers.
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AR and VR
Human Behavior and Market Research
Automotive and Transportation
Healthcare and Research Labs
Retail and Advertisement
Defense, and Aerospace
Key Market Players
Seeing Machines Ltd.
Smart Eye AB
Sensomotoric Instruments GmbH (Apple Inc.)
Eyetech Digital Systems, Inc.
Prs in Vivo
Sr Research Ltd.
Lc Technologies, Inc.
(Another brief information of 15 companies will provided in report)
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