• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

MarketsandMarkets Predicts Healthcare will Drive $1.786 Billion Eye Tracking Market

January 6, 2020

Biometrics News - MarketsandMarkets Predicts Healthcare will Drive $1.786 Billion Eye Tracking Market

MarketsandMarkets is forecasting major growth in the global eye tracking market, predicting that the appetite for such tech will jump from $560 million to $1.786 billion between 2020 and 2025. Those numbers represent a CAGR of 26.1 percent for that five-year period.

The research firm attributes much of that growth to the healthcare industry, where eye tracking technology is being deployed for assistive communications. Marketing and consumer research are also expected to be significant factors. Eye tracking allows researchers to learn more about the things that draw people’s attention on screens or store shelves, and can allow for the creation of more personalized advertisements. For instance, eye tracking was a central component of a simulated retail environment that was developed to provide companies with better consumer analytics.  

Other applications include consumer electronics and the transportation industry. The latter is currently leveraging eye tracking tech in driver monitoring systems that can spot tired or distracted drivers. Such systems are expected to make the road safer for drivers and pedestrians alike, and have already been deployed in cars from manufacturers like Subaru and Mitsubishi.

The automotive and transportation vertical is expected to display the highest CAGR during the forecast window. However, the healthcare and research vertical will still make up the largest segment of the market.  

North America will make up the largest portion of the market. Europe is projected to come in second. The U.S., Canada, Germany, and the U.K. will drive much of the demand for the technology in those areas. MarketsandMarkets identified EyeTracking, Seeing Machines, EyeTech Digital Systems, LC Technologies, and Lumen Research as some of the key players in the space.

The report arrives shortly after a separate report in which Marketsandmarkets predicted that the iris recognition market would climb to $4.3 billion between 2019 and 2024.

–

January 6, 2019 – by Eric Weiss

Related News

  • MarketsandMarkets Predicts Threat of Fraud Will Drive Demand for Digital Identity SolutionsMarketsandMarkets Predicts Threat of Fraud Will Drive Demand for Digital Identity Solutions
  • Biometric System Market to Reach $68.6 Billion in 2025: ReportBiometric System Market to Reach $68.6 Billion in 2025: Report
  • Consumer Electronics to Drive $82.9 Billion Biometric System MarketConsumer Electronics to Drive $82.9 Billion Biometric System Market
  • MarketsandMarkets Anticipates $18.6 Billion Identity Verification MarketMarketsandMarkets Anticipates $18.6 Billion Identity Verification Market
  • AMR Forecasts $41.11 Billion Computer Vision MarketAMR Forecasts $41.11 Billion Computer Vision Market
  • Fact.MR Forecasts $9 Billion Behavioral Biometrics MarketFact.MR Forecasts $9 Billion Behavioral Biometrics Market

Filed Under: News Tagged With: Biometric, biometrics, eye-tracking, healthcare biometrics, industry forecasts, industry reports, industry trends, market forecasts, MarketsandMarkets, retail biometrics

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • NECAM Gets a New CEO: Identity News Digest
  • Onfido Delivers 15-second Identity Verification for UK’s Co-operative Bank
  • Two-Thirds of the Planet Have Biometric ID – ZKTeco USA President Manish Dalal at ISC West 2023
  • Biometrics and Mobile ID on the Innovation Highway: Sponsors and Sessions Announced
  • Who Are Moscow’s Surveillance Tech Vendors?—Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics