The North America EO/IR Gimbal Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
A gimbal is a pivoting support that allows an object to rotate around an axis. These are equipped with cameras to keep the recording stable while the camera moves. Due to its superior picture stabilization and long-range imaging capabilities, an EO/IR system is used to increase the capabilities of military and commercial applications. Situational awareness, airborne homeland security, fire control systems, search and rescue, and intelligence, surveillance and reconnaissance (ISR) are all common uses, particularly in the defense industry.
High-definition video tracking, target tracking, and image augmentation and processing capabilities can all be found in complete EO/IR gimbal camera systems. Multi-sensor gimbal payload systems allow customers to choose from a variety of cameras and sensors to meet their specific mission needs, and they may be mounted on a variety of fixed-wing UAVs, unmanned helicopters, UGVs, and USVs.
Unmanned surveillance systems rely on gyro stabilized EO/IR gimbals for detection, recognition, and identification of aerial, land-based, and maritime targets. They are utilized for ISTAR (Intelligence, Surveillance, Targeting, and Reconnaissance), as well as counter-UAS and anti-drone defenses, and search and rescue missions, and are capable of real-time, short, medium, and long-range detection. Onboard industrial inspection drones, UAVs utilized for mapping, survey, aerial inspection, and environmental monitoring, EO/IR gimbal payloads, cameras, and sensors are also employed.
North America is a market leader owing to increased collaboration and efficient government initiatives. Semiconductor companies in the United States spend over one-fifth of their total sales on R&D, one of the highest rates in any industry. The industry has continually prioritized R&D through difficult economic periods and volatility in sales revenue. The federal government is sponsoring research at sustainable levels in order to maintain the relationship. The industry will continue to fuel economic growth and develop future-oriented technologies.
The US military operated a considerable number of unmanned aircraft systems (UAVs or unmanned aerial vehicles) even by January 2014. Unmanned aircraft systems' military involvement is expanding at an unprecedented rate. In 2005, unmanned tactical and theater aircraft alone flew over 100,000 flight hours in service of Operation Enduring Freedom and Operation Iraqi Freedom, respectively, under Task Force Liberty in Afghanistan and Task Force ODIN in Iraq.
The US market dominated the North America EO/IR Gimbal Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $438.8 Million by 2028. The Canada market is experiencing a CAGR of 14.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 13.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global EO/IR Gimbal Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America EO/IR Gimbal Market, by Product Type
1.4.2 North America EO/IR Gimbal Market, by End Use
1.4.3 North America 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. North America EO/IR Gimbal Market by Product Type
4.1 North America 3-axis Market by Country
4.2 North America 2-axis Market by Country
Chapter 5. North America EO/IR Gimbal Market by End Use
5.1 North America Defense Market by Country
5.2 North America UAV/UAS Market by Country
5.3 North America Law Enforcement Market by Country
5.4 North America Marine Market by Country
5.5 North America Others Market by Country
Chapter 6. North America EO/IR Gimbal Market by Country
6.1 US EO/IR Gimbal Market
6.1.1 US EO/IR Gimbal Market by Product Type
6.1.2 US EO/IR Gimbal Market by End Use
6.2 Canada EO/IR Gimbal Market
6.2.1 Canada EO/IR Gimbal Market by Product Type
6.2.2 Canada EO/IR Gimbal Market by End Use
6.3 Mexico EO/IR Gimbal Market
6.3.1 Mexico EO/IR Gimbal Market by Product Type
6.3.2 Mexico EO/IR Gimbal Market by End Use
6.4 Rest of North America EO/IR Gimbal Market
6.4.1 Rest of North America EO/IR Gimbal Market by Product Type
6.4.2 Rest of North America 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 North America EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 2 North America EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 3 North America EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 4 North America EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 5 North America 3-axis Market by Country, 2018 - 2021, USD Million
TABLE 6 North America 3-axis Market by Country, 2022 - 2028, USD Million
TABLE 7 North America 2-axis Market by Country, 2018 - 2021, USD Million
TABLE 8 North America 2-axis Market by Country, 2022 - 2028, USD Million
TABLE 9 North America EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 10 North America EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 11 North America Defense Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Defense Market by Country, 2022 - 2028, USD Million
TABLE 13 North America UAV/UAS Market by Country, 2018 - 2021, USD Million
TABLE 14 North America UAV/UAS Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Law Enforcement Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Law Enforcement Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Marine Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Marine Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 21 North America EO/IR Gimbal Market by Country, 2018 - 2021, USD Million
TABLE 22 North America EO/IR Gimbal Market by Country, 2022 - 2028, USD Million
TABLE 23 US EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 24 US EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 25 US EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 26 US EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 27 US EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 28 US EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 29 Canada EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 30 Canada EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 31 Canada EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 32 Canada EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 33 Canada EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 34 Canada EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 35 Mexico EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 36 Mexico EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 37 Mexico EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 38 Mexico EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 39 Mexico EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 40 Mexico EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 41 Rest of North America EO/IR Gimbal Market, 2018 - 2021, USD Million
TABLE 42 Rest of North America EO/IR Gimbal Market, 2022 - 2028, USD Million
TABLE 43 Rest of North America EO/IR Gimbal Market by Product Type, 2018 - 2021, USD Million
TABLE 44 Rest of North America EO/IR Gimbal Market by Product Type, 2022 - 2028, USD Million
TABLE 45 Rest of North America EO/IR Gimbal Market by End Use, 2018 - 2021, USD Million
TABLE 46 Rest of North America EO/IR Gimbal Market by End Use, 2022 - 2028, USD Million
TABLE 47 Key Information – AeroVironment, Inc.
TABLE 48 Key information – L3Harris Technologies, Inc.
TABLE 49 Key Information – Teledyne FLIR LLC
TABLE 50 Key Information – Lockheed Martin Corporation
TABLE 51 Key Information – Ascent Vision Technologies LLC
TABLE 52 Key information – Leonardo DRS, Inc.
TABLE 53 Key Information – Guilin Zhishen Information Technology Co., Ltd.
TABLE 54 Key Information – MERIO - UAV PAYLOAD SYSTEMS
TABLE 55 Key Information – Innovative Injection Technologies, Inc.
TABLE 56 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