PUBLISHER: IMARC | PRODUCT CODE: 1370563
PUBLISHER: IMARC | PRODUCT CODE: 1370563
EO/IR Gimbal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview:
The global EO/IR gimbal market size reached US$ 739.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,346.0 Million by 2028, exhibiting a growth rate (CAGR) of 10% during 2023-2028.
Electro-optical/infrared (EO/IR) gimbal is a small device equipped with a dual sensor for better pointing accuracy. It includes various features, such as all-around rotation, gyro-stabilization, compact structure, wireless digital transmission, high definition (HD) and IR dual sensor for day or night surveillance, high adaptability, great cost-efficiency, and low power dissipation. It is ideal for unmanned aerial platforms, including multirotor, fixed-wing, and hybrid UAVs, balloons, and aerostats. At present, it finds extensive applications in unmanned aircraft systems (UAS), defense, marine, and law enforcement.
EO/IR Gimbal Market Trends:
The rising need for surveillance and the escalating demand for intelligent sensors and sighting devices represent one of the key factors positively influencing the market. For instance, EO/IR gimbal is employed in intelligence, surveillance, and reconnaissance (ISR) applications by the military in search and rescue and humanitarian disaster response. This, in confluence with increasing investments in airborne homeland security, combat, patrol, and defense systems, is encouraging key market players to introduce more advanced product variants. Moreover, the growing investments in research and development (R&D) activities in next-generation logistics are providing a thrust to the market growth. The development of nanostructure-based material technology to benefit next-generation EO/IR sensors is also supporting the market growth. These materials exhibit novel optoelectrical properties that enhance device performance for low-cost detection and imaging applications. In line with this, the integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), in the manufacturing industry is creating a positive market outlook. Furthermore, the development of innovative longwave infrared (LWIR) and EO laser guidance systems are acting as other growth-inducing factors. Additionally, the easy availability of EO/IR gimbal across online and offline distribution channels, coupled with doorstep delivery and secured payment gateways, is propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global EO/IR gimbal market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
2-Axis EO/IR Gimbals
3-Axis EO/IR Gimbals
Breakup by End User:
UAV/UAS
Defense
Marine
Law Enforcement
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AeroVironment Inc., Ascent Vision Technologies (CACI International Inc), CONTROP Precision Technologies Ltd. (Rafael Advanced Defense Systems Ltd.), Harris Aerial, Innovative Intuitive Technology Inc., L3Harris Technologies Inc., Leonardo DRS (Leonardo S.p.A.), Lockheed Martin Corporation, Merio - UAV Payload Systems, Teledyne FLIR LLC (Teledyne Technologies Incorporated) and Ukrspecsystems.
Key Questions Answered in This Report:
- How has the global EO/IR gimbal market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global EO/IR gimbal market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global EO/IR gimbal market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global EO/IR Gimbal Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 2-Axis EO/IR Gimbals
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 3-Axis EO/IR Gimbals
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by End User
- 7.1 UAV/UAS
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Defense
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Marine
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Law Enforcement
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 AeroVironment Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Ascent Vision Technologies (CACI International Inc)
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 CONTROP Precision Technologies Ltd. (Rafael Advanced Defense Systems Ltd.)
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Harris Aerial
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Innovative Intuitive Technology Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 L3Harris Technologies Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Leonardo DRS (Leonardo S.p.A.)
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Lockheed Martin Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Merio - UAV Payload Systems
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Ukrspecsystems
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.1 AeroVironment Inc.
List of Figures
- Figure 1: Global: EO/IR Gimbal Market: Major Drivers and Challenges
- Figure 2: Global: EO/IR Gimbal Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: EO/IR Gimbal Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: EO/IR Gimbal Market: Breakup by End User (in %), 2022
- Figure 6: Global: EO/IR Gimbal Market: Breakup by Region (in %), 2022
- Figure 7: Global: EO/IR Gimbal (2-Axis EO/IR Gimbals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: EO/IR Gimbal (2-Axis EO/IR Gimbals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: EO/IR Gimbal (3-Axis EO/IR Gimbals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: EO/IR Gimbal (3-Axis EO/IR Gimbals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: EO/IR Gimbal (UAV/UAS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: EO/IR Gimbal (UAV/UAS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: EO/IR Gimbal (Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: EO/IR Gimbal (Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: EO/IR Gimbal (Marine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: EO/IR Gimbal (Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: EO/IR Gimbal (Law Enforcement) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: EO/IR Gimbal (Law Enforcement) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: EO/IR Gimbal (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: EO/IR Gimbal (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: North America: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: North America: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: United States: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: United States: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Canada: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Canada: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Asia-Pacific: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Asia-Pacific: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: China: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: China: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Japan: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Japan: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: India: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: India: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: South Korea: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: South Korea: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Australia: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Australia: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Indonesia: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Indonesia: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Others: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Others: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Europe: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Europe: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Germany: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Germany: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: France: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: France: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: United Kingdom: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: United Kingdom: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Italy: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Italy: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Spain: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Spain: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Russia: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Russia: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Latin America: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Latin America: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Brazil: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Brazil: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Mexico: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Mexico: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Others: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Others: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Middle East and Africa: EO/IR Gimbal Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Middle East and Africa: EO/IR Gimbal Market: Breakup by Country (in %), 2022
- Figure 69: Middle East and Africa: EO/IR Gimbal Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Global: EO/IR Gimbal Industry: SWOT Analysis
- Figure 71: Global: EO/IR Gimbal Industry: Value Chain Analysis
- Figure 72: Global: EO/IR Gimbal Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: EO/IR Gimbal Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: EO/IR Gimbal Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: EO/IR Gimbal Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: EO/IR Gimbal Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: EO/IR Gimbal Market: Competitive Structure
- Table 6: Global: EO/IR Gimbal Market: Key Players
