Asia Pacific EO/IR Gimbal Market Size, Share & Industry Trends Analysis Report By Product Type (3-axis and 2-axis), By End Use (Defense, UAV/UAS, Law Enforcement, Marine, and Others), By Country and Growth Forecast, 2022 - 2028

The Asia Pacific EO/IR Gimbal Market would witness market growth of 13.1% CAGR during the forecast period (2022-2028).

The electro-optical/infrared system is further classified into imaging and non-imaging EO/IR systems. The non-imaging EO/IR systems are primarily utilized for long-range target monitoring, whereas the imaging system is employed to scan the structure and produce noise-free images for precise detection. The EO/IR systems market is divided into cooled and uncooled systems based on technology. The market is divided into two categories based on sensor technology: gazing and scanning. The electro-optical/infrared (EO/IR) systems market is split into multispectral and hyperspectral based on imaging techniques. The development of advanced sensor technology-based systems is accelerating in order to meet the diverse application demands of end-users.

The increased usage of advanced sensor integrated systems for military applications is driving the EO/IR system market. The increased need for autonomous vehicles in detection and surveillance applications is also propelling the market.

India's military budget in 2021 was the third largest in the world. In 2021, India's military spending was $76.6 billion, up 0.9 percent from 2020 and 33% from 2012. 64 percent of capital outlays in the military budget for 2021 were targeted for the procurement of locally produced guns in an effort to develop the indigenous arms sector. As the Indian economy develops, the Indian government is expected to keep investing heavily in its military to modernize it. This is estimated to raise the demand for UAS and UAVs and thus also the demand for EO/IR gimbals in the region.

In 2021, China, the world's second-largest spender, would devote an estimated $293 billion to its military, up 4.7 percent from 2020. China's military budget has increased over the past 27 years. The Chinese budget for 2021 was the first of the 14th Five-Year Plan, which will last until 2025. China's growing aggression in and around the South and East China seas has prompted countries like Australia and Japan to increase military investment. The AUKUS trilateral security agreement involving Australia, the United Kingdom, and the United States, for example, envisions Australia receiving eight nuclear-powered submarines at a cost of up to $128 billion.

The China market dominated the Asia Pacific EO/IR Gimbal Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $80.3 Million by 2028. The Japan market is anticipated to grow at a CAGR of 12.4% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 13.8% during (2022 - 2028).

Based on Product Type, the market is segmented into 3-axis and 2-axis. Based on End Use, the market is segmented into Defense, UAV/UAS, Law Enforcement, Marine, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide EO/IR Gimbal Market is Projected to reach USD 1.3 Billion by 2028, at a CAGR of 12.3%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AeroVironment, Inc., L3Harris Technologies, Inc.(L3Harris WESCAM), Teledyne FLIR LLC (Teledyne Technologies Incorporated), Lockheed Martin Corporation, Ascent Vision Technologies LLC (CACI International Inc.), Leonardo DRS, Inc. (Leonardo SpA), Guilin Zhishen Information Technology Co., Ltd., Merio - UAV Payload Systems, Innovative Injection Technologies, Inc., and Harris Aerial LLC.

Scope of the Study

Market Segments Covered in the Report:

By Product Type

• 3-axis
• 2-axis

By End Use

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

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• AeroVironment, Inc.
• L3Harris Technologies, Inc.(L3Harris WESCAM)
• Teledyne FLIR LLC (Teledyne Technologies Incorporated)
• Lockheed Martin Corporation
• Ascent Vision Technologies LLC (CACI International Inc.)
• Leonardo DRS, Inc. (Leonardo SpA)
• Guilin Zhishen Information Technology Co., Ltd.
• Merio - UAV Payload Systems
• Innovative Injection Technologies, Inc.
• Harris Aerial LLC

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific EO/IR Gimbal Market, by Product Type
1.4.2 Asia Pacific EO/IR Gimbal Market, by End Use
1.4.3 Asia Pacific EO/IR Gimbal Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Strategies Deployed in EO/IR Gimbal Market

Chapter 4. Asia Pacific EO/IR Gimbal Market by Product Type
4.1 Asia Pacific 3-axis Market by Country
4.2 Asia Pacific 2-axis Market by Country

Chapter 5. Asia Pacific EO/IR Gimbal Market by End Use
5.1 Asia Pacific Defense Market by Country
5.2 Asia Pacific UAV/UAS Market by Country
5.3 Asia Pacific Law Enforcement Market by Country
5.4 Asia Pacific Marine Market by Country
5.5 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific EO/IR Gimbal Market by Country
6.1 China EO/IR Gimbal Market
6.1.1 China EO/IR Gimbal Market by Product Type
6.1.2 China EO/IR Gimbal Market by End Use
6.2 Japan EO/IR Gimbal Market
6.2.1 Japan EO/IR Gimbal Market by Product Type
6.2.2 Japan EO/IR Gimbal Market by End Use
6.3 India EO/IR Gimbal Market
6.3.1 India EO/IR Gimbal Market by Product Type
6.3.2 India EO/IR Gimbal Market by End Use
6.4 South Korea EO/IR Gimbal Market
6.4.1 South Korea EO/IR Gimbal Market by Product Type
6.4.2 South Korea EO/IR Gimbal Market by End Use
6.5 Singapore EO/IR Gimbal Market
6.5.1 Singapore EO/IR Gimbal Market by Product Type
6.5.2 Singapore EO/IR Gimbal Market by End Use
6.6 Malaysia EO/IR Gimbal Market
6.6.1 Malaysia EO/IR Gimbal Market by Product Type
6.6.2 Malaysia EO/IR Gimbal Market by End Use
6.7 Rest of Asia Pacific EO/IR Gimbal Market
6.7.1 Rest of Asia Pacific EO/IR Gimbal Market by Product Type
6.7.2 Rest of Asia Pacific EO/IR Gimbal Market by End Use

Chapter 7. Company Profiles
7.1 AeroVironment, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Acquisition and Mergers:
7.2 L3Harris Technologies, Inc. (L3Harris WESCAM)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research and Development Expense
7.2.5 SWOT Analysis
7.3 Teledyne FLIR LLC (Teledyne Technologies Incorporated)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Product Launches and Product Expansions:
7.3.5 SWOT Analysis
7.4 Lockheed Martin Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Ascent Vision Technologies LLC (CACI International Inc.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Product Launches and Product Expansions:
7.6 Leonardo DRS, Inc. (Leonardo SpA)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Acquisition and Mergers:
7.7 Guilin Zhishen Information Technology Co., Ltd. (ZHIYUN)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Merio - UAV Payload Systems
7.8.1 Company Overview
7.9 Innovative Injection Technologies, Inc.
7.9.1 Company Overview
7.10. Harris Aerial LLC
7.10.1 Company Overview

TABLE 1 Asia Pacific EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific 3-axis Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific 3-axis Market by Country, 2022 - 2028, USD Milliona
TABLE 7 Asia Pacific 2-axis Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific 2-axis Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 10 Asia Pacific EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Defense Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Defense Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific UAV/UAS Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific UAV/UAS Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Law Enforcement Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Law Enforcement Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Marine Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Marine Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific EO/IR Gimbal Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific EO/IR Gimbal Market by Country, 2022 - 2028, USD Million
TABLE 23 China EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 24 China EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 25 China EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 26 China EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 27 China EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 28 China EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 29 Japan EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 30 Japan EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 31 Japan EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 32 Japan EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 33 Japan EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 34 Japan EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 35 India EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 36 India EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 37 India EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 38 India EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 39 India EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 40 India EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 41 South Korea EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 42 South Korea EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 43 South Korea EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 44 South Korea EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 45 South Korea EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 46 South Korea EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 47 Singapore EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 48 Singapore EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 49 Singapore EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 50 Singapore EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 51 Singapore EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 52 Singapore EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 53 Malaysia EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 54 Malaysia EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 55 Malaysia EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Malaysia EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Malaysia EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 58 Malaysia EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 61 Rest of Asia Pacific EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Rest of Asia Pacific EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 65 Key Information – AeroVironment, Inc.
TABLE 66 Key information – L3Harris Technologies, Inc.
TABLE 67 Key Information – Teledyne FLIR LLC
TABLE 68 Key Information – Lockheed Martin Corporation
TABLE 69 Key Information – Ascent Vision Technologies LLC
TABLE 70 Key information – Leonardo DRS, Inc.
TABLE 71 Key Information – Guilin Zhishen Information Technology Co., Ltd.
TABLE 72 Key Information – MERIO - UAV PAYLOAD SYSTEMS
TABLE 73 Key Information – Innovative Injection Technologies, Inc.
TABLE 74 Key Information – Harris Aerial LLC

List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: AeroVironment, Inc.
FIG 3 SWOT Analysis: L3Harris Technologies, Inc.
FIG 4 Swot analysis: Teledyne FLIR LLC