EO/IR Gimbal Market Report: Trends, Forecast and Competitive Analysis to 2030

EO/IR Gimbal Trends and Forecast

The future of the global EO/IR gimbal market looks promising with opportunities in the UAV/UAS, defense, marine, and law enforcement sectors. The global EO/IR gimbal market is expected to reach an estimated $1769.4 million by 2030 with a CAGR of 13.7% from 2024 to 2030. The major drivers for this market are growing demand for intelligent sensors and sighting devices and rising development of next-generation logistics.

A more than 150-page report is developed to help in your business decisions.

EO/IR Gimbal by Segment

The study includes a forecast for the global EO/IR gimbal by type, end use, and region.

EO/IR Gimbal Market by Type [Shipment Analysis by Value from 2018 to 2030]:

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

EO/IR Gimbal Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• UAV/UAS
• Defense
• Marine
• Law Enforcement
• Others

EO/IR Gimbal Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of EO/IR Gimbal Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies EO/IR gimbal companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the EO/IR gimbal companies profiled in this report include-

• AeroVironment
• Ascent Vision Technologies
• CONTROP Precision Technologies
• Harris Aerial
• Innovative Intuitive Technology

EO/IR Gimbal Market Insights

Lucintel forecasts that 2-axis EO/IR gimbal is expected to witness the higher growth over the forecast period.

Within this market, defense will remain the largest segment due to rising deployment of EO/IR gimbal on drones to make the attached camera work optimally and help in protection.

North America is expected to witness highest growth over the forecast period due to rising investment in government and defence agency development and presence of key players in the region.

Features of the Global EO/IR Gimbal Market

Market Size Estimates: EO/IR gimbal market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: EO/IR gimbal market size by type, end use, and region in terms of value ($M).

Regional Analysis: EO/IR gimbal market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the EO/IR gimbal market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the EO/IR gimbal market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the EO/IR gimbal market size?

Answer: The global EO/IR gimbal market is expected to reach an estimated $1769.4 million by 2030.

Q2. What is the growth forecast for EO/IR gimbal market?

Answer: The global EO/IR gimbal market is expected to grow with a CAGR of 13.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the EO/IR gimbal market?

Answer: The major drivers for this market are growing demand for intelligent sensors and sighting devices and rising development of next-generation logistics.

Q4. What are the major segments for EO/IR gimbal market?

Answer: The future of the EO/IR gimbal market looks promising with opportunities in the UAV/UAS, defense, marine, and law enforcement sectors.

Q5. Who are the key EO/IR gimbal market companies?

Answer: Some of the key EO/IR gimbal companies are as follows:

• AeroVironment
• Ascent Vision Technologies
• CONTROP Precision Technologies
• Harris Aerial
• Innovative Intuitive Technology

Q6. Which EO/IR gimbal market segment will be the largest in future?

Answer: Lucintel forecasts that 2-axis EO/IR gimbal is expected to witness the higher growth over the forecast period.

Q7. In EO/IR gimbal market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rising investment in government and defence agency development and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the EO/IR gimbal market by type (2-axis EO/IR gimbals and 3-axis EO/IR gimbals), end use (UAV/UAS, defense, marine, law enforcement, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?