Europe 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 Europe EO/IR Gimbal Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).

The EO/IR system is an electronic device that combines electro-optical and infrared sensors to deliver accurate optical data at all times of day and night. Light can be converted into an electric signal via an electro-optical sensor. Furthermore, by producing or detecting infrared radiation, the infrared sensor may detect any structure in its vicinity. As a result, an EO/IR system is primarily employed to improve target recognition, assess threats from a given distance, and track targets in various weather conditions. The EO/IR system can be employed as a hand-held detection device or mounted on vehicles, planes, ships, helmets, and military weapons.

An EO/IR system is utilized to improve the capabilities of military and commercial applications because of its excellent image stabilization and long-range imaging qualities. It is widely employed in different applications, including situational awareness, fire control systems, airborne homeland security, search and rescue, and intelligence, surveillance and reconnaissance (ISR), especially in the defense industry.

In 2021, Russia was one of the top five military spenders. Russia's military spending climbed by 2.9 percent in 2021, to $65.9 billion. Russia's military spending increased for the third year in a row in 2021, reaching 4.1 percent of GDP. Russia increased its military budget in 2021 owing to higher oil and gas income. Over the course of the year, the 'national defense' budget line was revised upwards, accounting for around three-quarters of Russia's overall military spending and including financing for operations costs as well as arms procurement. The ultimate total was $48.4 billion, up 14% from the budgeted amount at the end of 2020. The rise in Russian expenditure on the military implies that Russia is looking to enhance and modernize its military. This is expected to lead to a rise in demand for EO/IR gimbal in the region.In the United Kingdom, defense spending was £42.4 billion in cash terms in 2020/21. This reflects a nominal increase of £2.5 billion and a real-term gain of £1.7 billion over the previous year.

The Germany market dominated the Europe EO/IR Gimbal Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $88.5 Million by 2028. The UK market is estimated to grow at a CAGR of 10.9% during (2022 - 2028). Additionally, The France market would witness a CAGR of 12.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global EO/IR Gimbal Market Size will Hit $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

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

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 Europe EO/IR Gimbal Market, by Product Type
1.4.2 Europe EO/IR Gimbal Market, by End Use
1.4.3 Europe 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. Europe EO/IR Gimbal Market by Product Type
4.1 Europe 3-axis Market by Country
4.2 Europe 2-axis Market by Country

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

Chapter 6. Europe EO/IR Gimbal Market by Country
6.1 Germany EO/IR Gimbal Market
6.1.1 Germany EO/IR Gimbal Market by Product Type
6.1.2 Germany EO/IR Gimbal Market by End Use
6.2 UK EO/IR Gimbal Market
6.2.1 UK EO/IR Gimbal Market by Product Type
6.2.2 UK EO/IR Gimbal Market by End Use
6.3 France EO/IR Gimbal Market
6.3.1 France EO/IR Gimbal Market by Product Type
6.3.2 France EO/IR Gimbal Market by End Use
6.4 Russia EO/IR Gimbal Market
6.4.1 Russia EO/IR Gimbal Market by Product Type
6.4.2 Russia EO/IR Gimbal Market by End Use
6.5 Spain EO/IR Gimbal Market
6.5.1 Spain EO/IR Gimbal Market by Product Type
6.5.2 Spain EO/IR Gimbal Market by End Use
6.6 Italy EO/IR Gimbal Market
6.6.1 Italy EO/IR Gimbal Market by Product Type
6.6.2 Italy EO/IR Gimbal Market by End Use
6.7 Rest of Europe EO/IR Gimbal Market
6.7.1 Rest of Europe EO/IR Gimbal Market by Product Type
6.7.2 Rest of Europe 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 Europe EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 2 Europe EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 3 Europe EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 4 Europe EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 5 Europe 3-axis Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe 3-axis Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe 2-axis Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe 2-axis Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 10 Europe EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 11 Europe Defense Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Defense Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe UAV/UAS Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe UAV/UAS Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Law Enforcement Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Law Enforcement Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Marine Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Marine Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe EO/IR Gimbal Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe EO/IR Gimbal Market by Country, 2022 - 2028, USD Million
TABLE 23 Germany EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 24 Germany EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 25 Germany EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 26 Germany EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 27 Germany EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 28 Germany EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 29 UK EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 30 UK EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 31 UK EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 32 UK EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 33 UK EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 34 UK EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 35 France EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 36 France EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 37 France EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 38 France EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 39 France EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 40 France EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 41 Russia EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 42 Russia EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 43 Russia EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 44 Russia EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 45 Russia EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 46 Russia EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 47 Spain EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 48 Spain EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 49 Spain EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 50 Spain EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 51 Spain EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 52 Spain EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 53 Italy EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 54 Italy EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 55 Italy EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Italy EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Italy EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 58 Italy EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 59 Rest of Europe EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 60 Rest of Europe EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 61 Rest of Europe EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Rest of Europe EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Rest of Europe EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 64 Rest of Europe 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