Industry: Semiconductor & Electronics | Publish Date: 18-Jul-2024 | No of Pages: 143 | No. of Tables: 108 | No. of Figures: 53 | Format: PDF | Report Code : N/A
The Spain Eye Tracking Market size was valued at USD 12.2 million in 2023, and is predicted to reach USD 100.5 million by 2030, at a CAGR of 33.7% from 2024 to 2030. The eye tracking market is a comprehensive ecosystem of products, services, and technologies designed to measure and analyze eye movements, gaze direction, and fixation points. This market 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 usability.
The adoption of advanced eye tracking technology is reshaping the accessibility and usability of communication tools in Spain, driving the growth of the eye tracking market. This transformative technology has revolutionized communication tools, particularly benefiting individuals with disabilities by offering a more intuitive and efficient interaction method.
For instance, Irisbond introduced an enhanced eye-tracking experience with the launch of iPadOS17 in September 2023. This innovation has the potential to significantly impact the eye monitoring system market by improving the functionality of communication tools, especially for users of Alternative and Augmentative Communication (AAC). The precision and responsiveness of this technology empower individuals with disabilities to communicate effectively, leading to increased demand for eye monitoring systems and fueling market expansion in Spain.
The Spanish government's proactive stance in promoting innovation and research through substantial investments in R&D is playing a crucial role in boosting the eye tracking market. According to recent data from the Organization for Economic Co-operation and Development (OECD), Spain allocated USD 24,007 million for gross domestic spending on R&D in 2022.
This robust financial commitment underscores Spain's determination to cultivate an environment conducive to the adoption and advancement of cutting-edge technologies such as eye monitoring system. These investments are pivotal in fostering collaboration between research institutions, industry stakeholders, and technology developers, facilitating the exploration of new applications and advancements in eye tracking technology.
The Spain 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's growth 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 Spain eye tracking market growth. 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.
The key market players operating in the Spain 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 12.2 Million |
Revenue Forecast in 2030 |
USD 100.5 Million |
Growth Rate |
CAGR of 33.7% 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.