Middle East Eye Tracking Market is Expected to Reach USD 118.8 Million by 2030

19-Jul-2024

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Growing utilization of eye tracking technology ion healthcare sector along with rising utilization in consumer behavior and analysis by numerous sectors is driving the growth of the Middle East eye tracking market demand during the forecast period.

Middle East Eye Tracking Market size was valued at USD 20.0 million in 2023, and is predicted to reach USD 118.8 million by 2030, at a CAGR of 27.8% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The rapid progress of eye-tracking technology for autism diagnosis is significantly driving the eye tracking market across the Middle East. Recent studies in the region have shown promising results, demonstrating the utility of combining eye-tracking data with machine learning algorithms to accurately distinguish individuals with autism from those without.

With impressive metrics such as an accuracy rate of 88.6%, specificity of 92.31%, and sensitivity of 86.63%, this technology is emerging as a valuable tool for early autism detection. The healthcare sector's recognition of the potential for more precise and efficient diagnostic procedures is fueling a growing demand for advanced eye tracking solutions in the Middle East.

Moreover, eye tracking technology has become integral to market research in the Middle East, offering precise measurements of how individuals respond to advertisements by tracking eye movements and analyzing gaze patterns. This capability provides deep insights into consumer behavior, preferences, and engagement levels, enabling businesses to optimize their advertising strategies effectively.

As the demand for targeted and impactful marketing grows in the region, businesses are increasingly recognizing the importance of eye tracking technology in refining their approaches. By understanding where viewers focus their attention and how they interact with content, companies can tailor their campaigns more accurately to resonate with their target audiences.

This strategic use of eye tracking not only enhances advertising effectiveness but also supports decision-making processes, ultimately driving higher engagement and conversion rates. Thus, eye tracking technology plays a pivotal role in helping businesses achieve optimal results in their marketing endeavors amidst a competitive market landscape in the Middle East.

However, the proliferation of alternative technologies, including gesture recognition, unimodal methods, and multimodal activity recognition, emerges as a significant restraint on the growth of the Middle East eye tracking market. Gesture recognition, for instance, employs mathematical algorithms to interpret human gestures, enabling device control through simple movements. 

This technology is particularly adept at recognizing emotions conveyed through facial expressions, hand gestures, and body language. In sectors such as consumer electronics and gaming, where the ability to predict user behavior is paramount, these alternative technologies offer valuable insights that extend beyond the capabilities of traditional eye tracking. Consequently, the availability and adoption of such alternatives hinder the market's growth potential by providing competitive solutions that cater to diverse user needs and preferences.

On the other hand, the swift integration of eye-tracking technology across various sectors, including augmented reality (AR), virtual reality (VR), lie-detection systems, and cognitive testing, is poised to unlock significant opportunities within the eye tracking market.

This technology plays a crucial role in enhancing image clarity and reducing eye strain in AR and VR applications, thereby elevating user engagement and comfort levels. This technology benefits from natural stimuli and controlled data collection, 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, communications, eye tracking technology, and a power system embedded into the lens. It allows users to access timely information quickly and discreetly without forcing them to look down at a screen.

Request for a sample here: https://www.nextmsc.com/middle-east-eye-tracking-market/request-sample

Several key players operating in the Middle East 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.

Key Insights from the Middle East Eye Tracking Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the Middle East eye tracking market is provided in the report.

  • The value chain analysis in the Middle East eye tracking market study provides a clear picture of the roles of each stakeholder.

  • The market share of players in the Middle East eye tracking market is provided in the report along with their competitive analysis.

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