According to a new market research report published by Credence Research “Eye Tracking Market (By Component – Hardware, Software and Services; By Application: Retail, Healthcare, Automotive, Consumer Electronics, Defense and Aerospace and Others) - Growth, Future Prospects, Competitive Analysis and Forecast 2017 - 2025”, The worldwide eye tracking market was valued at US$ 268.7 million in 2016 and is anticipated to expand at a CAGR of 27.5 per cent during the forecast period from 2017 to 2025.

Market Insights

Increased demand for the processing of precious information in apps such as healthcare, retail and automotive to evaluate customer behavior is one of the main drivers in this industry. In addition, the incorporation of eye-tracking technology into state-of - the-art systems such as virtual reality (VR)/augmented reality (AR) headsets and head-mount systems is expected to boost the development of the worldwide market for eye-tracking technology. However, considerations such as the growing acceptance of automation in cars and the growing use of sophisticated robotics and intelligent factories have worked to reduce human involvement in multiple activities. Thus, technological advancements in other parallel systems present a significant challenge to the implementation of eye-tracking technology. Investments in innovative apps, such as research and customer behavior assessment, nevertheless give enormous growth possibilities for the general eye-tracking industry in the years to come.

Browse the full report at https://www.credenceresearch.com/report/eye-tracking-market

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. Some of the key players in the eye tracking market include Tobii AB, SensoMotoric Instruments GmbH, SR Research Ltd., Seeing Machines Ltd., EyeTracking, Inc., PRS IN VIVO, Smart Eye AB, LC Technologies, Inc., Ergoneers GmbH and EyeTech Digital Systems, Inc.

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
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Report Scope by Segments

By Component Type

Hardware
Software
Services
By Application Type

Market Analysis
Retail
Healthcare
Automotive
Consumer Electronics
Defense and Aerospace
Others
By Geography Segment

North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America
Medium Blog: https://medium.com/@kumarganesh028/eye-tracking-market-27-5-3c9e4a9dd508