Market Overview:
The global EO/IR gimbal market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for stabilized camera systems in civil and military applications. In addition, the increasing use of unmanned aerial vehicles (UAVs) is also contributing to the growth of the market. The 2-axis EO/IR gimbals segment is expected to hold a majority share of the global EO/IR gimbal market during the forecast period. This can be attributed to their low cost and easy installation as compared to 3-axis EO/IR gimbals.
Product Definition:
EO (electro-optical) and IR (infrared) gimbals are devices that allow a camera to be stabilized along three axes, allowing for smooth and stable footage. This is important for both commercial and military applications, as it allows cameras to be mounted on moving vehicles or aircraft without causing instability in the image.
2-axis EO/IR Gimbals:
2-axis EO/IR Gimbals are gyroscopes used in electronic optical and infrared gimbal systems. They are mounted on the camera platform to provide stabilization when panning, rolling or tilting the camera. The gyroscope’s inertial property helps cancel out any unwanted movement in a device that uses them for image stabilization.
3-axis EO/IR Gimbals:
3-axis EO/IR Gimbals are used in EO and IR gimbal to provide stabilization to the system. They help in maintaining stability of the camera during any movement. It is mainly used for stabilizing video or image recording devices, but it can be also used for still photography applications by mounting a camera on it’s platform.
Application Insights:
The military application segment held the largest share of over 70.0% in 2017. The growing use of gimbals for surveillance and reconnaissance by defense agencies is expected to drive the demand for EO/IR gimbal over the forecast period. Moreover, increasing adoption of UAVs is further anticipated to fuel growth during the study period.
Civil applications accounted for a significant share in 2017 and are projected to grow at a CAGR exceeding 12% from 2018 to 2030 owing to rising adoption of consumer electronics products such as smartphones and tablets across various end-use industries including automotive, healthcare, retail and hospitality among others. Furthermore, technological advancements coupled with innovations in camera sensors have led consumers towards purchasing higher end cameras which can be used with these electronic devices also known as ¢â‚¬Ëœsmart cameras¢â‚¬â„¢ which are further anticipated to propel market growth during the forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S.-based companies are involved in extensive research and development activities to manufacture high-quality gimbals for different applications at economical prices. Moreover, these companies offer a one-year warranty on all their products, which indicates the durability of the product. This factor is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand from end-users for EO and IR gimbal systems from various sectors such as film & video production, aerospace & defense, civil engineering sector (water management), oil & gas industry etc., especially from developing countries such as China and India that have a growing population with increased disposable income levels resulting into increased spending on entertainment activities such as traveling by airplane or driving luxury cars etc.
Growth Factors:
- Increasing demand for stabilized video footage in the film and television industry
- Growing popularity of drones and aerial photography
- Proliferation of 4K and 8K video cameras
- Advances in digital stabilization technology
- Increased use of gimbals for VR applications
Scope Of The Report
Report Attributes
Report Details
Report Title
EO and IR Gimbal Market Research Report
By Type
2-axis EO/IR Gimbals, 3-axis EO/IR Gimbals
By Application
Civil, Military
By Companies
Leonardo DRS, CONTROP Precision Technologies Ltd., L3Harris Wescam, FLIR Systems, Inc., Lockheed Martin, PVP Advanced EO Systems, I2Tech, Harris Aerial, AeroVironment, Inc., MERIO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global EO and IR Gimbal Market Report Segments:
The global EO and IR Gimbal market is segmented on the basis of:
Types
2-axis EO/IR Gimbals, 3-axis EO/IR Gimbals
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Leonardo DRS
- CONTROP Precision Technologies Ltd.
- L3Harris Wescam
- FLIR Systems, Inc.
- Lockheed Martin
- PVP Advanced EO Systems
- I2Tech
- Harris Aerial
- AeroVironment, Inc.
- MERIO
Highlights of The EO and IR Gimbal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2-axis EO/IR Gimbals
- 3-axis EO/IR Gimbals
- By Application:
- Civil
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EO and IR Gimbal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EO and IR Gimbal is a type of camera stabilization system that helps to keep the footage steady by compensating for any movement of the camera.
Some of the major companies in the eo and ir gimbal market are Leonardo DRS, CONTROP Precision Technologies Ltd., L3Harris Wescam, FLIR Systems, Inc., Lockheed Martin, PVP Advanced EO Systems, I2Tech, Harris Aerial, AeroVironment, Inc., MERIO.
The eo and ir gimbal market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EO and IR Gimbal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EO and IR Gimbal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EO and IR Gimbal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EO and IR Gimbal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EO and IR Gimbal Market Size & Forecast, 2020-2028
4.5.1 EO and IR Gimbal Market Size and Y-o-Y Growth
4.5.2 EO and IR Gimbal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2-axis EO/IR Gimbals
5.2.2 3-axis EO/IR Gimbals
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Civil
6.2.2 Military
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EO and IR Gimbal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EO and IR Gimbal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2-axis EO/IR Gimbals
9.6.2 3-axis EO/IR Gimbals
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Civil
9.10.2 Military
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2-axis EO/IR Gimbals
10.6.2 3-axis EO/IR Gimbals
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Civil
10.10.2 Military
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2-axis EO/IR Gimbals
11.6.2 3-axis EO/IR Gimbals
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Civil
11.10.2 Military
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2-axis EO/IR Gimbals
12.6.2 3-axis EO/IR Gimbals
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Civil
12.10.2 Military
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2-axis EO/IR Gimbals
13.6.2 3-axis EO/IR Gimbals
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Civil
13.10.2 Military
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EO and IR Gimbal Market: Competitive Dashboard
14.2 Global EO and IR Gimbal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Leonardo DRS
14.3.2 CONTROP Precision Technologies Ltd.
14.3.3 L3Harris Wescam
14.3.4 FLIR Systems, Inc.
14.3.5 Lockheed Martin
14.3.6 PVP Advanced EO Systems
14.3.7 I2Tech
14.3.8 Harris Aerial
14.3.9 AeroVironment, Inc.
14.3.10 MERIO
