Gaze Detection Technology Market

Gaze Detection Technology Market Outlook (2023 to 2033)

The newly released gaze detection technology market analysis report by Fact.MR reveals that global sales of the gaze detection technology Market in 2022 were held at US$ 638.8 million. With a 33.8% projected CAGR from 2023 to 2033, the market is expected to reach a US$ 15.8 billion valuation by the end of the forecast period.

Healthcare application is expected to generate significant revenue for gaze detection technology with a projected CAGR of over 33% from 2023 to 2033.

Attributes	Details
Gaze Detection Technology Market (2023)	US$ 862.4 million
Gaze Detection Technology Market (2033)	US$ 15.8 billion
Gaze Detection Technology Market CAGR (2018 to 2022)	37.3%
U.S Gaze Detection Technology Market CAGR (2023 to 2033)	33.7%
Key Companies Covered	Tobii AB; SR Research Ltd.; iMotions A/S; Gazepoint Research Inc.; EyeTech Digital Systems, Inc.; Eye Tracking Inc; Mirametrix Inc.; Seeing Machine; Smart Eye AB; LC Technologies, Inc.

Gaze Detection Technology Market Revenue from 2022 Compared to Demand Outlook for 2023 to 2033.

As per gaze detection technology market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased by around 33.8% CAGR during 2018 - 2022. With an absolute dollar opportunity of US$ 14.9 billion during the forecast period, the market is projected to reach a US$ 15.8 billion valuation by 2033.

Which Key Factors are Influencing the Market Expansion?

Gaze detection technology plays a vital role in healthcare and research applications. In healthcare, it enables medical professionals to assess and diagnose various conditions related to eye movements. Eye tracking technology can help identify visual impairments, neurological disorders, and eye movement abnormalities. It is used in ophthalmology for diagnosing and monitoring eye diseases, in neurology to study disorders such as Parkinson's disease and stroke, and in rehabilitation for assessing and guiding patients with mobility or cognitive impairments.

Around 15 million people suffer from stroke of which about 5 million people die and another 5 million people are left permanently impaired. Gaze detection technology is being widely used in the treatment of stroke patients. It aids in the rehabilitation process by assessing visual impairments, eye movement abnormalities, and oculomotor dysfunction commonly associated with stroke.

By tracking eye movements, therapists can develop personalized treatment plans to improve visual perception, coordination, and functional abilities. Therefore, with the increase in number of people experiencing strokes globally, the demand for gaze detection is projected to increase, expanding the market during the assessment period.

Gaze detection technology has gained significant traction in the gaming and entertainment industry, transforming the way users interact with digital content. By tracking the user's eye movements, gaze detection technology enhances the immersive experience and enables more intuitive control. In gaming, gaze detection technology allows for eye-controlled interfaces, where players can navigate menus, interact with in-game objects, and aim in first-person shooter games simply by moving their eyes.

This hands-free approach enhances accessibility, immersion, and realism, providing a more engaging gaming experience. Eye tracking also enables gaze-based analytics, allowing game developers to gather data on player attention, preferences, and behavior, which can be used for game design optimization and personalized content delivery.

There were around 4.1 billion digital video game players globally in 2022 which is projected to increase to around 5 billion by 2027. As detection technology enables eye-controlled interfaces, immersive virtual reality experiences, and gaze-based analytics, enhancing user engagement, personalization, and the overall entertainment experience. Therefore with the increase in the demand for games around the world, the demand for gaze detection is also projected to increase expanding the market during the assessment period.

Automotive manufacturers are also increasingly integrating gaze detection technology into vehicles to enhance driver safety and improve the overall driving experience. By tracking the driver's eye movements and gaze direction, this technology offers several benefits. One crucial application is driver monitoring systems (DMS), which use gaze detection to assess driver attention and alertness.

By monitoring eye closure, head position, and gaze patterns, DMS can detect drowsiness, distraction, or inattentiveness. In such cases, it can issue warnings or alerts to help prevent accidents caused by driver fatigue or inattention. Gaze detection technology also facilitates advanced driver assistance systems (ADAS) by enabling eye-controlled interfaces. Drivers can interact with in-car displays, infotainment systems, or navigation menus using their gaze, reducing the need for manual input and minimizing distractions.

In 2018 there were around 2.1 million cars sold globally which increased to around 10 million cars sold by 2022 and is projected to increase to around 30 million by 2028. As gaze detection technology is being incorporated into electric cars to enhance driver safety and improve the overall driving experience, by tracking the driver's eye movements, gaze detection systems can monitor driver attention and alertness.

In electric cars, this technology can help detect driver drowsiness or distraction, issuing warnings or alerts to prevent accidents. Therefore with the increase in the demand for electric vehicles around the world, the demand for gaze detection is projected to increase.

Which Region is Projected to be the Prominent Revenue Driver in the Market?

Asia Pacific had a market size of US$ 300 million in 2022 which is expected to reach worth US$ 8.2 Billion in 2033. The historical CAGR between 2018 and 2022 is 52% while the forecasted CAGR from 2023 to 2033 is expected to be 51.9%.

Asia Pacific is a significant country in the adoption of electric vehicles globally. As gaze detection systems are being integrated into electric vehicles to enhance driver monitoring, alertness, and control, this technology allows for eye-tracking interfaces, advanced driver assistance systems, and personalized in-car experiences. With the increase in the demand for electric vehicles in the region, the demand for gaze detection is also projected to increase during the assessment period.

In 2018, around 97,000 electric vehicles were produced in the region which increased to around 187,000 electric vehicles in 2022. With the increase in the demand for electric vehicles, the adoption of gaze detection technology in the automotive industry is expected to increase.

Country-wise Analysis

The United States Gaze Detection Technology Market Analysis :

The market in the United States is expected to grow to be worth US$ 3.3 billion with an absolute dollar growth of US$ 3.1 billion. The market in the United States has grown at a CAGR of 37.2% from 2018 to 2022 and is expected to grow at a CAGR of 33.7% from 2023 to 2033.

In 2018, around 361,000 units of electric vehicles were sold in the United States which increased to around 750,000 units by 2022. It is projected that by 2030 the number of electric vehicles sold in the United States will reach 5.6 million units. As gaze detection systems are being integrated into electric vehicles to enhance driver monitoring, alertness, and control, with the increase in the demand for electric vehicles in the country, the demand for gaze detection is also projected to increase therefore expanding the market during the assessment period.

The U.K. Gaze Detection Technology Market Analysis :

The market in the U.K. is expected to grow to be worth US$ 622 million with an absolute dollar growth of US$ 587 million. The market in the U.K. has grown at a CAGR of 36.6% from 2018 to 2022 and is expected to grow at a CAGR of 33.5% from 2023 to 2033.

Around 60,000 units of electric vehicles were produced in 2018, which increased to around 1.1 million units in 2022. The total EV sales in the country are projected to reach around 6.4 million units by 2030. With the increase in the demand for electric vehicles in the country, the demand for gaze detection technology is also projected to increase.

China Gaze Detection Technology Market Analysis :

The market in China is expected to grow to be worth US$ 4 billion with an absolute dollar growth of US$ 3.8 billion. The market in China has grown at a CAGR of 37% from 2018 to 2022 and is expected to grow at a CAGR of 33.6% from 2023 to 2033.

China has a significant demand for electric vehicles with over 1.2 million units sold in 2018, which increased to around 5.9 million by 2022. On the other hand, the total EV sales are projected to reach around 50 million units by 2030. With this, the demand for gaze detection technology is also expected to escalate.

Japan Gaze Detection Technology Market Analysis :

The market in Japan is expected to grow to be worth US$ 3 billion with an absolute dollar growth of US$ 2.9 billion. The market in Japan has grown at a CAGR of 37% from 2018 to 2022 and is expected to grow at a CAGR of 33.6% from 2023 to 2033.

In 2020, the country sold approximately 20,000 electric vehicles, which increased to about 54,000 electric vehicles in 2021. The overall number of electric vehicles in operation in the country is projected to be around 138,000. With the increase in the demand for Electric Vehicles, the demand for gaze detection technology is also projected to increase.

South Korean Gaze detection technology Market Analysis :

The market in South Korea is expected to grow to be worth US$ 918 million with an absolute dollar growth of US$ 867 million. The market in South Korea has grown at a CAGR of 36.4% from 2018 to 2022 and is expected to grow at a CAGR of 33.4% from 2023 to 2033.

In 2018, around 14,600 electric vehicles were sold in South Korea 2018 which increased to around 78,000 by 2020. With the increase in the demand for electric vehicles in the country, the demand for gaze detection is also projected to increase.

Category-Wise Analysis

Which Type of Gaze Detection Technology is Projected to Witness Significant Growth in Demand?

The eye-attached tracking used in gaze detection technology is projected to witness significant growth as it has grown at a CAGR of 37.1% from 2018 to 2022 and is expected to grow at a CAGR of 33.4% from 2023 to 2033.

Eye-attached tracking in gaze detection technology has emerged as a promising approach for precise and accurate gaze tracking. Attaching specialized cameras or sensors near the eye allows for detailed analysis of eye movements and positions. This technology finds applications in various fields, including human-computer interaction, virtual reality, market research, and healthcare.

It enables hands-free control of interfaces, enhances immersion in virtual reality experiences, provides valuable insights for market research, and assists in assessing neurological conditions and rehabilitation. The miniaturization and advancements in wearable devices have made eye-attached tracking more accessible, comfortable, and suitable for daily use, driving its growth and adoption.

Through Which Application Is the Gaze Detection Technology Demand Expected to Soar at a Significant Pace?

Gaze detection technology used in healthcare is projected to witness significant growth with a CAGR of 37% from 2018 to 2022 and is expected to grow at a CAGR of 33% from 2023 to 2033.

Gaze detection technology is gaining traction in the healthcare sector due to its potential applications in various areas. In healthcare, gaze detection can be utilized for assessing neurological conditions, such as detecting and monitoring eye movement disorders, evaluating oculomotor function, and assisting in diagnosing certain diseases like Parkinson's and Alzheimer's.

It can also aid in rehabilitation by providing real-time feedback for improving gaze control and visual attention. Moreover, gaze detection technology has the potential to enhance human-machine interfaces in medical devices, enabling hands-free control and improved accessibility for patients with physical limitations or during surgical procedures.

Competitive Analysis

The players in the market are investing heavily in expanding their presence in various segments around the world. The companies are also focussing on collaborations to augment their market positions.

The key players in the market are Tobii AB, SR Research Ltd., iMotions A/S, Gazepoint Research Inc., EyeTech Digital Systems, Inc, Eye Tracking Inc, Mirametrix Inc., Seeing Machine, Smart Eye AB, and LC Technologies, Inc

A few of the recent developments in the market are :

• In March 2021 - Smart Eye announced the launch of Aurora 250 with an expansion box. The Aurora 250 consists of an increased framerate of 120Hz to 250Hz which can help the research groups to study eye moments even more precisely.
• In June 2020 - Tobii AB announced the launch of Tobi Pro Glasses 3. Tobii Pro Glasses 3 capture a video of the immediate area with sound and eye-tracking data on the user's visual attention patterns.

Segmentation of the Gaze Detection Technology Market

• By Type :

  • Eye Attached Tracking
  • Optical Tracking
  • Electrooculography

• By Application :

  • Healthcare
  • Retail
  • Research
  • Automotive
  • Consumer Electronics

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa