Industry: Semiconductor & Electronics | Publish Date: 17-Jul-2024 | No of Pages: 143 | No. of Tables: 108 | No. of Figures: 53 | Format: PDF | Report Code : N/A
The India Eye Tracking Market size was valued at USD 40.5 million in 2023, and is predicted to reach USD 200.2 million by 2030, at a CAGR of 24.4% from 2024 to 2030. The market is a comprehensive ecosystem of products, services, and technologies designed to measure and analyze eye movements, gaze direction, and fixation points. This industry includes specialized hardware such as cameras, sensors, and light sources, as well as software solutions for data processing and analysis.
Eye tracking also known as eye monitoring systems are applied across various industries such as psychology, market research, user experience testing, and human-computer interaction to provide insights into consumer behavior, visual perception, and interface usability. In the contemporary landscape of user experience and human-computer interaction, eye monitoring systems emerges as an indispensable tool, offering invaluable insights into user engagement and interface.
The rapid expansion of the eye tracking market in India is significantly driven by the increasing adoption of consumer electronics, bolstered by the Indian government's proactive initiatives to support the sector's growth. Programs like 'Make in India' and 'Digital India' aim to foster a favorable environment for digital technology advancement, positioning India as a global hub for Electronics System Design and Manufacturing (ESDM).
These initiatives encourage domestic manufacturing, reduce reliance on imports, and enhance internet connectivity, digital literacy, and e-governance. With an ambitious target of achieving USD 300 billion in sustainable electronics manufacturing and exports by 2026, the government's commitment is catalyzing significant investments in the sector.
This supportive policy environment is prompting both local startups and international companies to develop and integrate eye tracking solutions across various applications, from consumer electronics to automotive safety systems and healthcare diagnostics. Consequently, technological innovation in the India eye tracking market demand, paves the way for diverse applications and research opportunities, positioning India as a significant player in the global eye tracking sector.
The India eye tracking market is experiencing substantial growth due to the significant presence of both local and global companies investing in the development of eye monitoring devices. This dynamic investment landscape highlights India's potential as a promising market for eye tracking technology. Companies are leveraging advanced technologies such as artificial intelligence and machine learning to enhance the accuracy and functionality of eye tracking solutions.
This collaborative investment effort is fostering the development of cutting-edge products tailored for various industries, including automotive, healthcare, and consumer electronics. As a result, India is emerging as a key player in the global eye tracking industry, with increased research opportunities and the potential for significant advancements in the field.
The India eye tracking market expansion is significantly restrained by the proliferation of alternative technologies such as gesture recognition, unimodal methods, and multimodal activity recognition. The availability and adoption of these alternatives limit the market potential by providing competitive solutions that meet diverse user needs and preferences.
The swift integration of eye monitoring systems across various sectors, including augmented reality (AR), virtual reality (VR), lie-detection systems, and cognitive testing, is poised to unlock significant opportunities within the India eye tracking market trends. This technology plays a crucial role in enhances AR and VR applications, making it a dynamic field driven by startups and investments from tech giants such as Apple, Google, Facebook, and Samsung.
For instance, in March 2022, Mojo Vision announced a new advanced prototype of its AR smart contact lens Mojo Lens. The prototype includes various new hardware features and advanced technologies such as advanced display, eye tracking technology, and a power system embedded into the lens to access timely information quickly.
The key market players operating in the India eye tracking industry include Tobii AB, Smart Eye AB, Lattice Semiconductor Corp, Ogilvy, Seeing Machines Limited, AVSimulation, Lumen, Eyetech Digital Systems, Inc., EyeTracking, Gazepoint, Eyegaze, Eyeware Tech, SR Research Ltd., Pupil Labs, and Irisbond Crowdbonding, S.L. and others.
Head Mounted Eye Tracker
Remote Eye Tracker
Hardware
Software
Assistive Communication
Academic Research
Consumer Behavior Research
Usability Testing
Other Applications
Retail
Automotive
Healthcare
Government
Others
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 40.5 Million |
Revenue Forecast in 2030 |
USD 200.2 Million |
Growth Rate |
CAGR of 24.4% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
15 |
Market Share |
Available for 10 companies |
Customization Scope |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Tobii AB
Smart Eye AB
Lattice Semiconductor Corp
Ogilvy
Seeing Machines Limited
AVSimulation
Lumen
Eyetech Digital Systems, Inc.
EyeTracking
Gazepoint
Eyegaze
Eyeware Tech
SR Research Ltd.
Pupil Labs
Irisbond Crowdbonding, S.L.