COVID-19 Outbreak- Eye Technology Market Scope
The market is anticipated to grow significantly as a result of the rising demand for contactless biometrics, the use of smart sensors for process control and decision-making, in consumer electronics and other commercial application areas. Using eye tracking, researchers can determine where a subject looks and infer what they are thinking. It is now possible to capture practically all of the eye's interactions with an object in front of it using machine learning and sophisticated picture processing. The market research process can benefit from this real-time data. It makes it possible to comprehend consumer responses to virtually any visual stimulus, be it a website, a technology platform, a product package, or an in-store display. The unconscious decision-making process can be unlocked by eye tracking. It provides measurable information to marketers about user intention, areas of interest, things users neglect, and responses to various stimuli.
|Unit||Value (USD Million)|
|Key Companies Profiled||Tobii AB (Sweden), SR Research Ltd. (Canada), iMotions A/S (Denmark), Gazepoint Research Inc. (Canada), EyeTech Digital Systems, Inc. (US), EyeTracking, Inc. (US), Mirametrix Inc. (Canada), Seeing Machines Ltd. (Australia), Smart Eye AB (Sweden), LC Technologies, Inc. (US), Eyegaze (US), Irisbond Crowdbonding, S.L. (Spain), Mirametrix Inc. (Canada), Pupil Labs (Germany) and Tobii Dynavox (Sweden)|
The market for the eye technology is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global COVID-19 Outbreak- Eye Technology market throughout the predicted period.
Tobii AB (Sweden), SR Research Ltd. (Canada), iMotions A/S (Denmark), Gazepoint Research Inc. (Canada), EyeTech Digital Systems, Inc. (US), EyeTracking, Inc. (US), Mirametrix Inc. (Canada), Seeing Machines Ltd. (Australia), Smart Eye AB (Sweden), LC Technologies, Inc. (US), Eyegaze (US), Irisbond Crowdbonding, S.L. (Spain), Mirametrix Inc. (Canada), Pupil Labs (Germany) and Tobii Dynavox (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Mapon, Catapult, Geotab, Sioux Technologies and Lectra.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global COVID-19 Outbreak- Eye Technology market by Type , by Application (Healthcare, Retail, Research, Automotive, Consumer Electronics and Others) and Region with country level break-up.
On the basis of geography, the market of COVID-19 Outbreak- Eye Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn October 2019, In order to provide the airlines with cutting-edge eye and gaze monitoring capabilities utilising its Crew Training System, Seeing Machines (Australia) teamed up with Alaska Airlines (US), the fifth-largest airline in North America
In June 2021, Sticky, an online self-service platform for advertising researchers and marketing, was introduced by Tobii Pro. It combines emotion identification, webcam eye tracking, and online survey questions to simplify sophisticated quantitative research. and On January 3, 2020, At CES 2020 in Las Vegas, NevadaSmart Eye AB merged artificial intelligence (AI) technology and unveiled the most advanced eye tracking system for automobiles. The technology assures a safer travel by not only detecting distracted driving but also checking ID and face expression for emotional detection.
COVID-19 Outbreak- Eye Technology Market Dynamics:
|Trends Influencing Market|
- Increasing use of artificial intelligence (AI), virtual reality (VR), and augmented reality (AR) in consumer electronics and other business applications
- Market expansion is hampered by the growth of the gesture recognition market
- Lack of skilled workforce restrict the market growth
- Eye-tracking market supply chain hampered by pandemic
- Increase adoption of technology in end user industries creates lucrative growth opportunities for the market
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others