Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global EO/IR Gimbal Market size is expected to reach $1.3 billion by 2028, rising at a market growth of 12.3% CAGR during the forecast period.
The 3-axis market dominated the Global EO/IR Gimbal Market by Product Type in 2021, thereby, achieving a market value of $814.6 Million by 2028. This is due to ongoing aircraft fleet modifications and significant investments in unmanned aerial vehicles (UAVs) and unmanned aerial systems (UAS). The three-axis Gimbal is required in practically every military camera drone used for filmmaking or photography. The camera is stabilized and bumps are avoided via a three-axis gimbal. Smooth movement is avoided on all three axes (roll, pitch, and yaw). Furthermore, this type of application is employed for intelligence and observation, search and rescue operations, surveillance, reconnaissance, and diverse missions.
The UAV/UAS market is expected to witness a CAGR of 12.6% during (2022 - 2028). Due to the increased acquisition and development of UAVs with the EO/IR system, this segment had a high revenue share. The deployment of highly dependable and efficient multi-sensor EO/IR systems is expanding as military modernization plans and defense spending increase. For short, medium, and long-range airborne operations, EO/IR gimbal payloads for UAVs are created to suit a variety of SWAP (Size, Weight, and Power) criteria. All kinds of tactical operations require miniature EO/IR gimbals.
The North America market dominated the Global EO/IR Gimbal Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $608.2 Million by 2028. The Europe market is estimated to grow at a CAGR of 11.8% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 13.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/eo-ir-gimbal-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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