The Latin America, Middle East and Africa EO/IR Gimbal Market would witness market growth of 16.6% CAGR during the forecast period (2022-2028).
Thermal imaging, both electro-optical (EO) and infrared (IR), is used in drone and autonomous system targeting and tracking systems, which are frequently designed for surveillance, security, and defense applications. UAVs (unmanned aerial vehicles), drones, and unmanned vehicles (including USVs and UGVs) as well as fixed-site installations use EO/IR gimbal payloads. Counter-drone measures, unmanned aerial and ground vehicle observation, surveillance and targeting, coastal and border patrol, and security are all applications for EO/IR gimbals mounted on unmanned systems.
Unmanned aerial platforms with EO/IR sensors and camera systems include VTOL multirotor UAVs, fixed-wing and hybrid UAVs, as well as tethered drones, aerostats, and balloons. They can also be installed on permanent site installations, unmanned ground vehicles, and unmanned surface vehicles (USV).
According to Business Monitor International (BMI), the UAE is among the top 15 defense spenders in the world, and according to the Stockholm International Peace Research Institute, the UAE was the fifth-largest arms importer in the world from 2009 to 2018. In recent years, the UAE's defense spending as a percentage of GDP has remained quite high.
The UAE is expected to spend $19.8 billion on defense in 2020, accounting for 5.6 percent of GDP, making it the second-largest spender in the region. Between 2010 and 2019, it is projected that 15 percent to 16 percent of the UAE's yearly defense budget was spent on foreign contractor acquisition. To advance the UAE's strategic interests and diversify the economy, Abu Dhabi is investing in the defense sector.
The Brazil market dominated the LAMEA EO/IR Gimbal Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17.7 Million by 2028. The Argentina market is poised to grow at a CAGR of 17.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 16.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global EO/IR Gimbal Market is Predict to reach $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
By End Use
- Defense
- UAV/UAS
- Law Enforcement
- Marine
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA EO/IR Gimbal Market, by Product Type
1.4.2 LAMEA EO/IR Gimbal Market, by End Use
1.4.3 LAMEA 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. LAMEA EO/IR Gimbal Market by Product Type
4.1 LAMEA 3-axis Market by Country
4.2 LAMEA 2-axis Market by Country
Chapter 5. LAMEA EO/IR Gimbal Market by End Use
5.1 LAMEA Defense Market by Country
5.2 LAMEA UAV/UAS Market by Country
5.3 LAMEA Law Enforcement Market by Country
5.4 LAMEA Marine Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA EO/IR Gimbal Market by Country
6.1 Brazil EO/IR Gimbal Market
6.1.1 Brazil EO/IR Gimbal Market by Product Type
6.1.2 Brazil EO/IR Gimbal Market by End Use
6.2 Argentina EO/IR Gimbal Market
6.2.1 Argentina EO/IR Gimbal Market by Product Type
6.2.2 Argentina EO/IR Gimbal Market by End Use
6.3 UAE EO/IR Gimbal Market
6.3.1 UAE EO/IR Gimbal Market by Product Type
6.3.2 UAE EO/IR Gimbal Market by End Use
6.4 Saudi Arabia EO/IR Gimbal Market
6.4.1 Saudi Arabia EO/IR Gimbal Market by Product Type
6.4.2 Saudi Arabia EO/IR Gimbal Market by End Use
6.5 South Africa EO/IR Gimbal Market
6.5.1 South Africa EO/IR Gimbal Market by Product Type
6.5.2 South Africa EO/IR Gimbal Market by End Use
6.6 Nigeria EO/IR Gimbal Market
6.6.1 Nigeria EO/IR Gimbal Market by Product Type
6.6.2 Nigeria EO/IR Gimbal Market by End Use
6.7 Rest of LAMEA EO/IR Gimbal Market
6.7.1 Rest of LAMEA EO/IR Gimbal Market by Product Type
6.7.2 Rest of LAMEA 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 LAMEA EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 2 LAMEA EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 3 LAMEA EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 4 LAMEA EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 5 LAMEA 3-axis Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA 3-axis Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA 2-axis Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA 2-axis Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 10 LAMEA EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 11 LAMEA Defense Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Defense Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA UAV/UAS Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA UAV/UAS Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Law Enforcement Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Law Enforcement Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Marine Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Marine Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA EO/IR Gimbal Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA EO/IR Gimbal Market by Country, 2022 - 2028, USD Million
TABLE 23 Brazil EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 24 Brazil EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 25 Brazil EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 26 Brazil EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 27 Brazil EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 28 Brazil EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 29 Argentina EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 30 Argentina EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 31 Argentina EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 32 Argentina EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 33 Argentina EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 34 Argentina EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 35 UAE EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 36 UAE EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 37 UAE EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 38 UAE EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 39 UAE EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 40 UAE EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 47 South Africa EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 48 South Africa EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 49 South Africa EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 50 South Africa EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 51 South Africa EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 52 South Africa EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 53 Nigeria EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 54 Nigeria EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 55 Nigeria EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Nigeria EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Nigeria EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 58 Nigeria EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 61 Rest of LAMEA EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Rest of LAMEA EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA 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