Gaze Detection Technology Market Size Worth US$ 15.8 billion at CAGR of 33.8% by 2033: Mentions Fact.MR

Gaze Detection Technology Revenue through Healthcare Application to Register a CAGR of over 33% over the next 10 years

Rockville , Oct. 27, 2023 (GLOBE NEWSWIRE) -- The Gaze Detection Technology Market revenue was estimated at *US$ 638.8 million *in 2022 and is anticipated to grow at a CAGR of *33.8% *from 2023 to 2033, according to a recently published Fact.MR report. By the end of 2033, revenue of Gaze Detection Technology is expected to reach a valuation of *US$ 15.8 billion.* Through healthcare applications, the market is projected to grow at a CAGR of *24.1%* from 2023 to 2033.*Get Free Sample Copy of This Report:*
*https://www.factmr.com/connectus/sample?flag=S&rep_id=8891*

*The rise in the adoption of gaze-detection technology in healthcare and electric cars globally expands the gaze-detection technology market*

The use of gaze detection technologies in medical and scientific fields is crucial. It enables healthcare practitioners to analyze and identify a range of eye movement-related diseases. Eye tracking technology can be used to detect vision impairments, neurological conditions, and irregular eye movements. It is used in neurology to investigate illnesses like Parkinson's disease and stroke, in ophthalmology to diagnose and track eye problems, and in rehabilitation to evaluate and lead individuals with mobility or cognitive impairments.

Automobile producers are also progressively incorporating gaze detection technology into their vehicles to increase driver security and enhance the overall driving experience. This system offers a number of advantages by monitoring the driver's eye movements and gaze direction. Driver monitoring systems (DMS), which employ gaze detection to gauge driver attentiveness and concentration, are one essential use.

DMS can identify tiredness, distraction, or inattentiveness by keeping track of eye closure, head posture, and gaze patterns. When this occurs, it can send out alarms or cautions to assist prevent accidents brought on by tired or inattentive drivers. By providing eye-controlled interfaces, gaze detection technology also supports advanced driver assistance systems (ADAS). By utilizing their eyes, drivers may control in-car displays, entertainment systems, or navigation menus, minimizing the need for manual input and distractions.

*Report Attribute* *Details*
Value Projection (2033) US$ 15.8 billion
Growth Rate (2023-2033) 33.8% CAGR
No. of pages 170 Pages
No. of Tables 24 Tables
No. of Figures 120 Figures

*The key players:*

· 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.

*Competitive Analysis:*

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

A few of the recent developments in the Gaze Detection Technology Market are:
*In September 2020 *– Facebook's Oculus announced the development of a new VR headset, the Oculus Quest 2, which featured built-in eye-tracking capabilities. This eye-tracking technology allowed for more immersive virtual reality experiences and enhanced interactions within virtual environments.

*Get Customization on this Report for Specific Research Solutions:*
*https://www.factmr.com/connectus/sample?flag=RC&rep_id=8891*

*Country-wise Analysis:*

*The market analysis for gaze detection technology in the United States:*

With an absolute dollar growth of US$ 3.1 billion, the US market is anticipated to reach a value of US$ 3.3 billion. From 2018 to 2022, the US market grew at a compound annual growth rate (CAGR) of 37.2%. From 2023 to 2033, the market is predicted to increase at a CAGR of 33.7%.
The number of electric vehicles sold in the US climbed from 361,000 in 2018 to around 750,000 by 2022. The number of electric vehicles sold in the US is expected to reach 5.6 million units by 2030. The country's growing demand for electric vehicles is expected to drive up demand for gaze detection systems, which are being incorporated into them to improve driver monitoring, awareness, and control. This will expand the market for gaze detection systems throughout the assessment period.

*Explore More Related Studies Published by Fact.MR Research: *

*Vehicle Tracking System Market: *The global vehicle tracking system market is projected to grow steadily at a CAGR 13.7% value, during the forecast period 2022-2032.

*Bionic Eye Market: *Bionic eye technology demand is predicted to reach a market value of US$ 1 billion by 2033.

*More Insights Available*

Fact.MR, in its new offering, presents an unbiased analysis of the Gaze Detection Technology market presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study reveals segments of the Gaze Detection Technology in terms of Components (Eye Attached Tracking, Optical Tracking, and Electrooculography), Application (Healthcare, Retail, Research, Automotive, and Consumer Electronics), and Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) from 2023 to 2033.

*About Fact.MR:*

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

*Contact: *
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
*Sales Team: *sales@factmr.com
*Follow Us: *LinkedIn | Twitter | Blog