July 08, 2020
As per the report titled ‘Global Eye Tracking AAC Market- Analysis By Product Type, By Application, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global eye tracking AAC market was valued at USD 376.54 million in 2018 and is anticipated to register an appreciable growth rate through 2025.
Increasing demand for solutions to provide an effective means to supplement the communication skills of physically impaired individuals for an independent and improved life quality is the primary growth driver of global eye tracking AAC market. Rising focus among manufacturers towards developing high quality AAC devices and allocating considerable resources in R&D activities are expected to add significant momentum to the industry growth in the forthcoming years.
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Widespread availability of eye tracking devices and growing consumer awareness regarding eye tracking technology are positively impacting the industry growth. Moreover, diversifying applications of this technology in several research fields such as aerospace, military & defense, augmented reality, virtual reality, gaming, and automotive will present new growth opportunities for the industry over the forecast period.
Based on the product type, global eye tracking AAC market is divided into devices, software, and accessories. While speaking of the application scope, the report primarily focuses on healthcare, research, consumer electronics & gaming, and automotive among others.
Considering the regional outlook, worldwide eye tracking AAC market is fragmented into North America, Europe, and Asia Pacific. The report claims North America will attain a significant market share over the estimated timeframe, due to rise in healthcare spending on eye tracking AACs and inflow of government funds for development of these devices and technology. Popularity of online product delivery channels, along with prevalence of brain injuries, ALS, Alzheimer’s and other such conditions are contributing to North America industry growth.
Major players operating in global eye tracking AAC market are Pupil Labs, Eyetech Digital Systems, Eyegaze Inc., Smart Eye, SR Research Group, and Tobii.