What Has Been the Progress and Growth of the Eye Tracking Solutions Market in Recent Years?
The eye tracking solutions market has seen considerable growth due to a variety of factors.
• In recent years, the market size for eye tracking solutions has seen considerable expansion. It is expected to augment from $0.84 billion in 2024 to reach $1.08 billion in 2025, boasting a compound annual growth rate (CAGR) of 29.9%.
This historical growth can be credited to factors such as celebrity endorsements, e-commerce development, a rise in disposable income, the impact of social media, and an increasing aging demographic.
What Is The Expected Growth In The Eye Tracking Solutions Market Size Evolve over the Forecast Period?
The eye tracking solutions market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for eye tracking solutions is anticipated to witness significant expansion in the forthcoming years. The market is expected to hit a value of <$2.72 billion in 2029, growing at a compound annual growth rate (CAGR) of 25.8%>. Factors such as increased awareness of beauty, wider distribution channels, digital solutions in beauty, innovative formulations, impact of social media, and marketing are contributing to the growth in the prediction period. Key trends during the prediction phase involve organic and natural formulations, intelligent beauty gadgets, eco-friendly packaging, focus on lash health and wellness, products accommodating all genders, and advanced delivery systems.
What Main Forces Are Fueling Expansion In The Eye Tracking Solutions Market?
The surge in the need for ophthalmology is predicted to drive the expansion of the eye-tracking solutions market in the upcoming years. Ophthalmology, the medical field focusing on the study of the eyes' anatomy, functionality, and diseases, utilizes eye-tracking solutions for early detection of eye conditions, evaluate eye movement for surgeries, and provide crucial information for gauging visual focus and cognitive ability in patients. As an illustration, data from the Centers for Disease Control and Prevention, a public health agency in the US, indicates that in May 2024, over 40-year old Americans with vision and eye issues reached 90 million, equating to a ratio higher than 3 out of 5. By 2050, unless effective preventive measures are taken, the rates of Cataracts are forecasted to escalate by 87%, Glaucoma to double, and Vision impairment and blindness to rise by 150%. Consequently, the escalating need for ophthalmology is spurring the growth of the eye tracking solutions market.
What Are The Primary Segments In The Global Eye Tracking Solutions Market?
The eye tracking solutions market covered in this report is segmented –
1) By Type: Eye Attached Tracking, Optical Tracking, Electrooculography
2) By Solution: Hardware, Software
3) By End-User Industry: Retail And Advertisement Sector, Automotive And Transportation, Media And Entertainment, Aerospace And Defense, Consumer Electronics, Other End-User Industries
Subsegments:
1) By Eye Attached Tracking: Wearable Eye Trackers, Smart Glasses
2) By Optical Tracking: Remote Eye Tracking Systems, Screen-Based Tracking Solutions
3) By Electrooculography: Fixed Electrode Systems, Mobile Or Portable Electrode Systems
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Which Emerging Market Trends Are Altering The Eye Tracking Solutions Industry?
Key corporations in the eye-tracking solution market are concentrating on innovations in the field of eye tracking technology, such as the enhancement of shutter eye tracking camera modules, with the goal of promoting vision in the Metaverse. Specific camera technology like the BSI (backside illuminated) shutter eye tracking camera module has been developed for the purpose of eye-tracking applications. For example, OmniVision Technologies Inc., a U.S.-based semiconductor solutions enterprise, collaborated with Tobii AB, a company from Sweden that creates eye tracking and attention computing devices, and together in January 2022, they introduced the BSI global shutter eye tracking camera module. This module stands as the industry's first and only eye tracking reference design, constructed using the superior BSI global shutter (GS) sensor range. The innovative solution incorporates OMNIVISION's OC0TA, the smallest eye tracking camera module, along with newly improved performance features in near-infrared (NIR) and shutter effectiveness. This integrated camera module with eye tracking can significantly decrease the development duration for AR, VR, and MR consumer products.
Who Are the Key Players In The Eye Tracking Solutions Market?
Major companies operating in the eye tracking solutions market report are:
• Fujitsu Limited
• ISCAN Inc.
• Tobii AB
• Seeing Machines
• Noldus Information Technology BV
• Xenon Ophthalmic Inc.
• Smart Eye AB
• SensoMotoric Instruments
• BIOPAC Systems Inc.
• AdHawk Microsystems
• iMotions A/S
• Mirametrix Inc.
• LC Technologies
• SR Research Ltd.
• ERGONEERS GmbH
• Gazepoint Research Inc.
• EyeTracking Inc.
• Pupil Labs GmbH
• FOVE Inc.
• Neuroset Italia S.R.L.
• SeeTrue Technology LLC
• Optics Trainer LLC
• EyeTech Digital Systems Inc.
• Eyeware Tech SA
• CoolTool
• The Eye Tribe
• Eyegaze Inc.
• BEQUIPE
• Sens-vue
• Adsata
What Is The Most Dominant Region In The Eye Tracking Solutions Market?
North America was the largest region in the eye tracking solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eye tracking solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
