With the development of new methodologies for faster training on datasets, there is a need to provide an in-depth explanation of the workings of such methods. This paper attempts to provide an understanding for one such correlation filter-based tracking technology, Kernelized Correlation Filter (KCF), which uses implicit properties of tracked images (circulant matrices) for training and tracking in real-time. It is unlike deep learning, which is data intensive. KCF uses implicit dynamic properties of the scene and movements of image patches to form an efficient representation based on the circulant structure for further processing, using properties such as diagonalizing in the Fourier domain. The computational efficiency of KCF, which makes it ideal for low-power heterogeneous computational processing technologies, lies in its ability to compute data in high-dimensional feature space without explicitly invoking the computation on this space. Despite its strong practical potential in visual tracking, there is a need for an in-depth critical understanding of the method and its performance, which this paper aims to provide. Here we present a survey of KCF and its method along with an experimental study that highlights its novel approach and some of the future challenges associated with this method through observations on standard performance metrics in an effort to make the algorithm easy to investigate. It further compares the method against the current public benchmarks such as SOTA on OTB-50, VOT-2015, and VOT-2019. We observe that KCF is a simple-to-understand tracking algorithm that does well on popular benchmarks and has potential for further improvement. The paper aims to provide researchers a base for understanding and comparing KCF with other tracking technologies to explore the possibility of an improved KCF tracker.
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