The latest research study by IMARC Group, “EO/IR Gimbal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global EO/IR gimbal price. 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.
What is EO/IR Gimbal Market?
Electro-optical or infrared (EO/IR) gimbal refers to a small device equipped with a dual sensor for better pointing accuracy. It includes numerous features, including all-around rotation, gyro-stabilization, compact structure, wireless digital transmission, high definition (HD) and IR dual sensor, etc., for day or night surveillance, high adaptability, great cost-efficiency, low power dissipation, etc. EO or IR gimbal is ideal for aerial platforms, such as multirotor, fixed-wing, hybrid UAVs, balloons, aerostats, etc. Presently, it finds extensive applications in unmanned aircraft systems (UAS), defense, marine, law enforcement, etc.
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EO/IR Gimbal Market Trends and Drivers:
The escalating demand for intelligent sensors and sighting devices is primarily augmenting the EO/IR gimbal market. Furthermore, the rising usage of the equipment in intelligence, surveillance, and reconnaissance (ISR) applications by the military for search and rescue and humanitarian disaster response is positively influencing the global market. Apart from this, the growing investments in airborne homeland security, combat, patrol, and defense systems are encouraging key market players to introduce more advanced product variants, which is acting as another significant growth-inducing factor. Moreover, the development of nanostructure-based material technology to benefit next-generation EO/IR sensors is bolstering the market growth. Besides this, the inflating need for next-generation logistics is further catalyzing the global market. Additionally, the increasing integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), in the manufacturing sector is also propelling the market growth. In line with this, the introduction of innovative longwave infrared (LWIR) systems is expected to fuel the EO/IR gimbal market in the coming years.
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EO/IR Gimbal Market Report Segmentation:
List of Major Key Players:
The major players in the market are
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.
The report has been segmented the market into following categories:
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
By Geography:
- 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
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