Eye Tracking Market Size to Reach $1.75 Billion by 2025, Owing to Enhanced Applications Into Healthcare, Retail, Research, Automotive & Consumer Electronics Sectors | Million Insights

Eye Tracking Market Size to Reach $1.75 Billion by 2025, Owing to Enhanced Applications Into Healthcare, Retail, Research, Automotive & Consumer Electronics Sectors | Million Insights

PR Newswire

FELTON, California, July 20, 2020

FELTON, California, July 20, 2020 /PRNewswire/ -- The global eye tracking market size is projected to touch USD 1.75 billion by 2025, as per the report released by Million Insights. It is estimated to grow with a CAGR of 26.3% from 2018 to 2025. Vision catching systems are widely used to decide the duration and correct location of a user's attention.

These systems comprise of processing data, deciding fixation point, recording pupil movement, filtering useful data using the software. The clean data can be processed and used for several applications in retail, consumer electronics, automotive, research and healthcare industries.

Eye movement recognition is a crucial aspect being deployed in VR headsets. Fove, Inc. in July 2016, introduced its eye-tracking VR headset that can directly fuse with eye-tracking sensors embedded in the headset to monitor, user's attention. Vision tracing is projected to allow foveated rendering, a new technology that uses most of the computer graphics to monitor user's surfing while keeping all other content in low quality.

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Vision tracking applications can be widely used in the biomedical and healthcare sectors. For example, vision tracing sensors assisting in finding head trauma. However, recently, sight tracing is extensively being preferred in consumer electronics and automotive applications.

North America held a revenue share of more than 48.0% in 2017. The U.S. is the key revenue contributor due to the widespread adoption of contactless biometric and smart sensors. Most of the leading players in the eye tracking market are based in China, Germany, the U.S., and Japan. Asia Pacific is projected to exhibit a CAGR of over 30.0% from 2018 to 2025 owing to the growing preference for vision tracing especially in consumer electronics applications.

Further key findings from the report suggest:

Browse 145 page research report with TOC on "Global Eye Tracking Market" at: https://www.millioninsights.com/industry-reports/global-eye-tracking-market

Million Insights has segmented the global eye tracking market on the basis of type, component, location, application, and region:

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