Global EO and IR Gimbal Market Growth 2023-2029

Global EO and IR Gimbal Market Growth 2023-2029

EO/IR gimbals are the pivots that majorly consist of electro-optical (EO) and infrared (IR) sensors and a gyroscope to stabilize the camera attached with it. Electro optics/infrared (EO/IR) gimbal is a small device with a dual sensor, which gives better point accuracy. The gimbal has features like 360-degree continuous rotation and gyro-stabilized. Its different applications include search & rescue, aerial survey, fire inspection, and traffic surveillance.

LPI (LP Information)' newest research report, the “EO and IR Gimbal Industry Forecast” looks at past sales and reviews total world EO and IR Gimbal sales in 2022, providing a comprehensive analysis by region and market sector of projected EO and IR Gimbal sales for 2023 through 2029. With EO and IR Gimbal sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EO and IR Gimbal industry.

This Insight Report provides a comprehensive analysis of the global EO and IR Gimbal landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EO and IR Gimbal portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global EO and IR Gimbal market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EO and IR Gimbal and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EO and IR Gimbal.

The global EO and IR Gimbal market size is projected to grow from US$ 501.1 million in 2022 to US$ 657.8 million in 2029; it is expected to grow at a CAGR of 657.8 from 2023 to 2029.

Global top four manufacturers of EO and IR gimbal include China North Industries Group, Leonardo DRS, Safran, Collins Aerospace and Teledyne FLIR. Geographically speaking, Asia-Pacific is the largest market, has a market share of about 35%. In terms of type, both 2-axis EO/IR Gimbals and 3-axis EO/IR Gimbals account for about 45% of market share. In terms of application, civil is the dominant field using EO and IR gimbal, has a market share of about 77%.

This report presents a comprehensive overview, market shares, and growth opportunities of EO and IR Gimbal market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
2-axis EO/IR Gimbals
3-axis EO/IR Gimbals
Others

Segmentation by application
Military
Civil

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
China North Industries Group
Teledyne FLIR
Northrop Grumman
Elbit Systems
L3Harris Wescam
Safran
Leonardo DRS
Collins Aerospace
Controp
Edge Autonomy
Ascent Vision Technologies (AVT)

Key Questions Addressed in this Report

What is the 10-year outlook for the global EO and IR Gimbal market?

What factors are driving EO and IR Gimbal market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do EO and IR Gimbal market opportunities vary by end market size?

How does EO and IR Gimbal break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.