In a recently published report, Eye Tracking Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Eye Tracking Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Eye Tracking Market is valued approximately USD 295.6 million in 2019 and is anticipated to grow with a healthy growth rate of more than 24.5 % over the forecast period 2020-2027. Eye Tracker is the device used to analyze and evaluate the position and the moment of the eye concerning using either a remote or an eye tracker that is mounted to the head and connected to the computer. It comprises of the monitoring the activities such as ignoring, blinking, looking, and the noticeable reaction of the pupil to different stimuli. The global Eye Tracking market is facing challenges due to the coronavirus pandemic as various retail stores, advertisement companies, and research labs are currently non-operational in multiple countries, which has negatively impacted the demand for eye-tracking technology-based products and services. The growing demand for eye-tracking-based assistive communication, rising adoption of eye-tracking technology in advertisement and consumer research and increasing penetration of eye-tracking technology in automotive & transportation industry are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: in June 2020, Tobbi Pro launched Tobii Pro Glasses 3, next-generation of wearable eye tracker, integrated cameras and illuminators inside the glass itself, enabling a combination of eye tracking performance in dynamic environments with an unobtrusive design. However, growth in gesture recognition market is the major factor restraining the growth of global Eye Tracking market during the forecast period.
The regional analysis of global Eye Tracking market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the increasing use of advanced technology in the healthcare sector and growing research activities to understand the human behavior. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Seeing Machines Ltd.
Eyetech Digital Systems
Prs In Vivo
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Research & Consulting Services
By Tracking Type:
Human Behavior & Market Research
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Retail & Advertisement
Healthcare & Research Labs
Government, Defense, and Aerospace
Automotive & Transportation
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Eye Tracking Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
About Kenneth Research
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