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EO and IR Gimbal Market, Global Outlook and Forecast 2023-2032

The global EO and IR Gimbal market was valued at US$ 527.1 million in 2022 and is projected to reach US$ 676.9 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for EO and IR Gimbal, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding EO and IR Gimbal. This report contains market size and forecasts of EO and IR Gimbal in global, including the following market information:

• Global EO and IR Gimbal Market Revenue, 2018-2023, 2024-2032, ($ millions)
• Global EO and IR Gimbal Market Sales, 2018-2023, 2024-2032, (K Units)
• Global top five EO and IR Gimbal companies in 2022 (%)

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%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the EO and IR Gimbal manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global EO and IR Gimbal Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global EO and IR Gimbal Market Segment Percentages, by Type, 2022 (%)

• 2-axis EO/IR Gimbals
• 3-axis EO/IR Gimbals

Global EO and IR Gimbal Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global EO and IR Gimbal Market Segment Percentages, by Application, 2022 (%)

• Civil
• Military

Global EO and IR Gimbal Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global EO and IR Gimbal Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies EO and IR Gimbal revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies EO and IR Gimbal revenues share in global market, 2022 (%)
Key companies EO and IR Gimbal sales in global market, 2018-2023 (Estimated), (K Units)
Key companies EO and IR Gimbal sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

• Leonardo DRS
• CONTROP Precision Technologies Ltd.
• L3Harris Wescam
• FLIR Systems, Inc.
• Lockheed Martin
• PVP Advanced EO Systems
• I2Tech
• Harris Aerial
• AeroVironment, Inc.
• MERIO

Outline of Major Chapters:

• Chapter 1: Introduces the definition of EO and IR Gimbal, market overview.
• Chapter 2: Global EO and IR Gimbal market size in revenue and volume.
• Chapter 3: Detailed analysis of EO and IR Gimbal manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of EO and IR Gimbal in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global EO and IR Gimbal capacity by region & country.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.