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EO/IR Gimbal Market by Product Type (2-axis EO/IR Gimbals and 3-axis EO/IR Gimbals), and End Use (UAV/UAS, Defense, Marine, Law Enforcement, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A06283
Pages: 137
May 2020 | 1013 Views
 
Author(s) : Ruchal Humbare, & Vineet Kumar
Tables: 72
Charts: 49
 

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EO/IR Gimbal Market Outlook - 2027

The global EO/IR Gimbal market size is expected to reach from $533.2 Million in 2019 to $1,506.6 Million by 2027, growing at a CAGR of 13.9% from 2020 to 2027. 

Gimbal refers to a pivoted support allowing rotation of any object in a single axis. EO/IR gimbals are the pivots that majorly consist of electro-optical (EO) and infrared (IR) sensors and a gyroscope to stabilize the camera attached with it. Electro optics/infrared (EO/IR) gimbal is a small device with a dual sensor, which gives better point accuracy. This gimbal has features like 360-degree continuous rotation and gyro-stabilized. Its different applications include search & rescue, aerial survey, fire inspection, and traffic surveillance.

EO-IR-gimbal-Market

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The EO/IR gimbals market growth is majorly driven by increase in demand for intelligent sensors and sighting devices, countermeasures, and reconnaissance. Also, the launch of new upgraded technologies in the similar field hampers the EO/IR gimbal market growth. Some of the prominent features of EO/IR gimbals are object tracking, real-time video stabilization, navigation, on-board video encoding, anti-vibration, and GEO-lock. The increase in interest of business to develop next generation logistics, surge in demand for drones for recreational purposes, and rise in requirement of intelligent surveillance drive the EO/IR gimbal market growth. Moreover, regulations imposed by various countries on the use of drones limit the market growth. However, increase in investments in defense systems by various countries and surge in R&D investments by market players for product development are the factors that create lucrative opportunities for the market growth during the forecast period.

The global EO/IR gimbals market is segmented into product type, end use, and region. By product type, the market is bifurcated into 2-axis EO/IR gimbals and 3-axis EO/IR gimbals. 3-Axis segment in the product type dominates the EO/IR gimbal market share. By end use, the EO/IR gimbals market is analyzed across UAV/UAS, defense, marine, law enforcement, and others. By region, the market is analyzed across the U.S. and the rest of the world.

Top Impacting Factors

The significant factors impacting the growth of the global EO/IR gimbal sensor market include increase in demand for intelligent surveillance, rise in investments in defense sector, and surge in demand for drones for recreational purposes. However, regulations on drones use. This hampers the growth of the market. On the contrary, increase in R&D investments for product development and development of next generation logistics are anticipated to provide lucrative opportunities for the growth of the EO/IR gimbal market during the forecast period. 

EO/IR Gimbal Market
By PRODUCT Type

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Digital segment is projected as one of the most lucrative segments.

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Some major factors impacting the market growth are given below:

Increase in demand for intelligent surveillance 

UAV highly influence the security and surveillance by minimizing risks economically and effectively. UAV surveillance technology experiences rapid development, and several market players are investing in the production of surveillance purposes drones. Gimbals assist the cameras attached on drones or UAVs to provide security without any disruption of weather or vibrations. As a result, surveillance drones are increasingly used in commercial and public sectors. Drone surveillance is ultimate solution for providing safety and security of large group of population or even sensitive locations. In the military sector, trucks, cars, and planes are replaced by unmanned aerial vehicles for security. As intelligent surveillance is an ideal tool for security in real-time situation, its increasing demand drives the growth of the EO/IR gimbals market. 

EO/IR Gimbal Market
By End Use

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Other segment generated the highest revenue in 2019.

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Surge in demand for drones for recreational purposes

According to the Federal Aviation Administration, there is an impetus to usage of recreational drone. Tourism, hospitality, outdoor adventures, live entertainment, sports, advertising, fitness, and gaming are some of the prominent recreational purposes such as wedding photography that are gaining momentum. A significant importance is given to video record most of the recreational activities, making gimbals an integral part of UAVs. The increase in disposable income of the people leads to significant increase in expenditure for recreational activities, thereby driving the growth of the drones as well as the EO/IR gimbals market.

EO/IR Gimbal Market
By Geography

2027
Rest Of The World 
U.s.

U.S. region would exhibit the highest CAGR of 14.9% during 2020-2027

 

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Development of next generation logistics

Speedy delivery is a prominent factor consumer considers while purchasing any product online. Hence, emergence of new technology is speedily delivery is use of UAVs. These UAVs consists a camera and have an in-built navigation system to reach the desired consumer. Thus, gimbals are estimated to protect these cameras from weather and any sudden attacks. In addition, emergence of drone delivery system is estimated to create lucrative opportunities for the growth of the EO/IR gimbals market. 

Competition Analysis

Key players operating in the EO/IR Gimbal market include Leonardo DRS, CONTROP Precision Technologies Ltd., L3Harris Wescam, Ascent Vision Technologies LLC, FLIR Systems, Inc., Lockheed Martin, PVP Advanced EO Systems, I2Tech, Harris Aerial, AeroVironment, Inc., Ukrspecsystems, ZHIYUN, and MERIO, which are profiled in this report. The EO/IR gimbal industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, agreements, among others to influence the market growth.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global EO/IR Gimbal market size along with the current EO/IR Gimbal market trends and future estimations to depict the imminent investment pockets.

  • The overall EO/IR Gimbal market analysis is determined to understand the profitable trends to gain a stronger foothold.

  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

  • The current EO/IR Gimbal market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.

  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the EO/IR Gimbal market.


Eo/ir Gimbal Market Segmentation

By Product Type

  • 2-axis EO/IR gimbals
  • 3-axis EO/IR gimbals

By End Use

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

By Region

  • U.S.
  • Rest of the World

Key Companies

  • Leonardo DRS 
  • CONTROP Precision Technologies Ltd. 
  • L3Harris Wescam
  • Ascent Vision Technologies LLC
  • FLIR Systems, Inc.
  • Lockheed Martin 
  • PVP Advanced EO Systems
  • I2Tech 
  • Harris Aerial 
  • AeroVironment, Inc.
  • Ukrspecsystems, ZHIYUN 
  • MERIO 
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Market Snapshot
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets

3.3.Top winning strategies
3.4.Porter’s five forces analysis
3.5.Market Share Analysis, 2018
3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Increase in demand for intelligent surveillance
3.6.1.2.Rise in investments in defense
3.6.1.3.Surge in demand for drones for recreational purposes

3.6.2.Restraint

3.6.2.1.Regulations on drones use

3.6.3.Opportunities

3.6.3.1.Increase in R&D investments for product development
3.6.3.2.Development of next generation logistics

3.7.Value Chain Analysis

3.7.1.Raw Material Suppliers
3.7.2.Manufacturer

3.7.3.Sales
3.7.4.End Users

3.8.Gimbal Average Selling Price Analysis

3.8.1.Gimbal average selling price analysis, by region
3.8.2.Gimbal average selling price analysis, by type
3.8.3.Gimbal average selling price analysis, by end use

CHAPTER 4:EO/IR GIMBALS MARKET, BY PRODUCT TYPE

4.1.Overview

4.2.2-axis EO/IR gimbals
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country
4.2.4.Market share analysis for 2-axis EO/IR gimbals, 2018

4.3.3-axis EO/IR gimbals

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country
4.3.4.Market share analysis for 3-axis EO/IR gimbals, 2018

CHAPTER 5:EO/IR GIMBALS MARKET, BY END USE

5.1.Overview
5.2.UAV/UAS

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.Defense

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

5.4.Marine

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country

5.5.Law enforcement

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis by country

5.6.Others

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis by country

CHAPTER 6:EO/IR GIMBALS MARKET, BY REGION

6.1.Overview
6.2.U.S.

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by product type
6.2.3.Market size and forecast, by end use

6.3.Rest of the World

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by product type
6.3.3.Market size and forecast, by end use

CHAPTER 7:COMPANY PROFILES

7.1.LEONARDO DRS

7.1.1.Company overview
7.1.2.Key Executive
7.1.3.Company snapshot
7.1.4.Product portfolio
7.1.5.R&D Expenditure
7.1.6.Business performance

7.2.FLIR SYSTEMS, INC.

7.2.1.Company overview
7.2.2.Key Executive
7.2.3.Company snapshot
7.2.4.Operating business segments
7.2.5.Product portfolio
7.2.6.R&D Expenditure
7.2.7.Business performance

7.3.LOCKHEED MARTIN CORPORATION

7.3.1.Company overview
7.3.2.Key executives
7.3.3.Company snapshot
7.3.4.Operating business segments
7.3.5.Product portfolio
7.3.6.R&D expenditure
7.3.7.Business performance
7.3.8.Key strategic moves and developments

7.4.CONTROP PRECISION TECHNOLOGIES LTD.

7.4.1.Company overview
7.4.2.Key Executive
7.4.3.Company snapshot
7.4.4.Product portfolio
7.4.5.Key strategic moves and developments

7.5.L3 WESCAM (L3HARRIS TECHNOLOGIES, INC.)

7.5.1.Company overview
7.5.2.Key Executive
7.5.3.Company snapshot
7.5.4.Operating business segments
7.5.5.Product portfolio
7.5.6.R&D Expenditure
7.5.7.Business performance
7.5.8.Key strategic moves and developments

7.6.ASCENT VISION TECHNOLOGIES

7.6.1.Company overview
7.6.2.Key Executive
7.6.3.Company snapshot
7.6.4.Product portfolio

7.7.I2TECH

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Product portfolio

7.8.HARRIS AERIAL

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Product portfolio
7.9.AEROVIRONMENT, INC.
7.9.1.Company overview
7.9.2.Key Executive
7.9.3.Company snapshot
7.9.4.Product portfolio
7.9.5.R&D Expenditure
7.9.6.Business performance

7.10.UKRSPECSYSTEMS

7.10.1.Company overview
7.10.2.Key Executive
7.10.3.Company snapshot
7.10.4.Product portfolio
7.10.5.Key strategic moves and developments

7.11.ZHIYUN

7.11.1.Company overview
7.11.2.Company snapshot
7.11.3.Product portfolio
7.11.4.Key strategic moves and developments

7.12.MERIO

7.12.1.Company overview
7.12.2.Key Executive
7.12.3.Company snapshot
7.12.4.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL EO/IR GIMBALS MARKET, BY PRODUCT TYPE, 2019-2027($MILLION)
TABLE 02.GLOBAL EO/IR GIMBALS MARKET VOLUME, BY PRODUCT TYPE, 2019-2027(THOUSAND UNITS)
TABLE 03.2-AXIS EO/IR GIMBALS MARKET REVENUE, BY REGION 2019-2027 ($MILLION)
TABLE 04.2-AXIS EO/IR GIMBALS MARKET VOLUME, BY REGION 2019-2027 (THOUSAND UNITS)
TABLE 05.3-AXIS EO/IR GIMBALS MARKET REVENUE, BY REGION 2019-2027 ($MILLION)
TABLE 06.3-AXIS EO/IR GIMBALS MARKET VOLUME, BY REGION 2019-2027 (THOUSAND UNITS)
TABLE 07.GLOBAL EO/IR GIMBALS MARKET, BY END USE, 2019-2027($MILLION)
TABLE 08.GLOBAL EO/IR GIMBALS MARKET VOLUME, BY END USE, 2019-2027(THOUSAND UNITS)
TABLE 09.EO/IR GIMBALS MARKET REVENUE FOR UAV/UAS, BY REGION 2019-2027 ($MILLION)
TABLE 10.EO/IR GIMBALS MARKET VOLUME FOR UAV/UAS, BY REGION 2019-2027 (THOUSAND UNITS)
TABLE 11.EO/IR GIMBALS MARKET REVENUE FOR DEFENSE, BY REGION 2019–2027 ($MILLION)
TABLE 12.EO/IR GIMBALS MARKET VOLUME FOR DEFENSE, BY REGION 2019-2027 (THOUSAND UNITS)
TABLE 13.EO/IR GIMBALS MARKET REVENUE FOR MARINE, BY REGION 2019–2027 ($MILLION)
TABLE 14.EO/IR GIMBALS MARKET VOLUME FOR MARINE, BY REGION 2019–2027 (THOUSAND UNITS)
TABLE 15.EO/IR GIMBALS MARKET REVENUE FOR LAW ENFORCEMENT, BY REGION 2019–2027 ($MILLION)
TABLE 16.EO/IR GIMBALS MARKET VOLUME FOR LAW ENFORCEMENT, BY REGION 2019–2027 (THOUSAND UNITS)
TABLE 17.EO/IR GIMBALS MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 18.EO/IR GIMBALS MARKET VOLUME FOR OTHERS, BY REGION 2019–2027 (THOUSAND UNITS)
TABLE 19.GLOBAL EO/IR GIMBALS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 20.GLOBAL EO/IR GIMBALS MARKET VOLUME, BY REGION, 2019–2027 ($MILLION)
TABLE 21.U.S. EO/IR GIMBALS MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 22.U.S. EO/IR GIMBALS MARKET VOLUME, BY PRODUCT TYPE, 2019–2027 (THOUSAND UNITS)
TABLE 23.U.S. EO/IR GIMBALS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 24.U.S. EO/IR GIMBALS MARKET VOLUME, BY END USE, 2019–2027 (THOUSAND UNITS)
TABLE 25.REST OF THE WORLD EO/IR GIMBALS MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 26.REST OF THE WORLD EO/IR GIMBALS MARKET VOLUME, BY PRODUCT TYPE, 2019–2027 (THOUSAND UNITS)
TABLE 27.REST OF THE WORLD EO/IR GIMBALS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 28.REST OF THE WORLD EO/IR GIMBALS MARKET VOLUME, BY END USE, 2019–2027 (THOUSAND UNITS)
TABLE 29.LEONARDO DRS: KEY EXECUTIVES
TABLE 30.LEONARDO DRS: COMPANY SNAPSHOT
TABLE 31.LEONARDO DRS: PRODUCT PORTFOLIO
TABLE 32.LEONARDO DRS: R&D EXPENDITURE, 2016–2018 ($MILLION)
TABLE 33.LEONARDO DRS: NET SALES, 2016–2018 ($MILLION)
TABLE 34.FLIR SYSTEMS, INC: KEY EXECUTIVES
TABLE 35.FLIR SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 36.FLIR SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 37.FLIR SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 38.FLIR SYSTEMS, INC: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 39.FLIR SYSTEMS, INC: REVENUE, 2017–2019 ($MILLION)
TABLE 40.LOCKHEED MARTIN CORPORATION: KEY EXECUTIVES
TABLE 41.LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
TABLE 42.LOCKHEED MARTIN CORPORATION: OPERATING SEGMENTS
TABLE 43.LOCKHEED MARTIN CORPORATION: PRODUCT PORTFOLIO
TABLE 44.CONTROP PRECISION TECHNOLOGIES LTD: KEY EXECUTIVES
TABLE 45.CONTROP PRECISION TECHNOLOGIES LTD: COMPANY SNAPSHOT
TABLE 46.CONTROP PRECISION TECHNOLOGIES LTD: PRODUCT PORTFOLIO
TABLE 47.L3 WESCAM: KEY EXECUTIVES
TABLE 48.L3 WESCAM: COMPANY SNAPSHOT
TABLE 49.L3 TECHNOLOGIES: OPERATING SEGMENTS
TABLE 50.L3 WESCAMD: PRODUCT PORTFOLIO
TABLE 51.L3HARRIS TECHNOLOGIES, INC.: R&D EXPENDITURE, 2016–2018 ($MILLION)
TABLE 52.L3HARRIS TECHNOLOGIES, INC.: NET SALES, 2016–2018 ($MILLION)
TABLE 53.ASCENT VISION TECHNOLOGIES: KEY EXECUTIVES
TABLE 54.ASCENT VISION TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 55.ASCENT VISION TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 56.I2TECH: COMPANY SNAPSHOT
TABLE 57.I2TECH: PRODUCT PORTFOLIO
TABLE 58.HARRIS AERIAL: COMPANY SNAPSHOT
TABLE 59.HARRIS AERIAL: PRODUCT PORTFOLIO
TABLE 60.AEROVIRONMENT, INC.: KEY EXECUTIVES
TABLE 61.AEROVIRONMENT, INC.: COMPANY SNAPSHOT
TABLE 62.AEROVIRONMENT, INC.: PRODUCT PORTFOLIO
TABLE 63.AEROVIRONMENT, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 64.AEROVIRONMENT, INC.: NET SALES, 2017–2019 ($MILLION)
TABLE 65.UKRSPECSYSTEMS: KEY EXECUTIVES
TABLE 66.UKRSPECSYSTEMS: COMPANY SNAPSHOT
TABLE 67.UKRSPECSYSTEMS: PRODUCT PORTFOLIO
TABLE 68.ZHIYUN: COMPANY SNAPSHOT
TABLE 69.ZHIYUN: PRODUCT PORTFOLIO
TABLE 70.MERIO: KEY EXECUTIVES
TABLE 71.MERIO: COMPANY SNAPSHOT
TABLE 72.MERIO: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 06.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 07.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 08.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09.LOW-TO-MODERATE THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 11.HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 12.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 13.MARKET SHARE ANALYSIS, 2018
FIGURE 14.VALUE CHAIN ANALYSIS
FIGURE 15.GIMBAL AVERAGE SELLING PRICE ANALYSIS, BY REGION
FIGURE 16.GIMBAL AVERAGE SELLING PRICE ANALYSIS, BY TYPE
FIGURE 17.GIMBAL AVERAGE SELLING PRICE ANALYSIS, BY END USE
FIGURE 18.GLOBAL EO/IR GIMBALS MARKET SHARE, BY PRODUCT TYPE, 2019–2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF 2-AXIS EO/IR GIMBALS MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF 3-AXIS EO/IR GIMBALS MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.GLOBAL EO/IR GIMBALS MARKET SHARE, BY END USE, 2019–2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF EO/IR GIMBALS MARKET FOR UAV/UAS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF EO/IR GIMBALS MARKET FOR DEFENSE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF EO/IR GIMBALS MARKET FOR MARINE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF EO/IR GIMBALS MARKET FOR LAW ENFORCEMENT, BY COUNTRY,  2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF EO/IR GIMBALS MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.EO/IR GIMBALS MARKET, BY REGION, 2019-2027 (%)
FIGURE 28.U.S. EO/IR GIMBALS MARKET, 2019–2027 ($MILLION)
FIGURE 29.REST OF THE WORLD EO/IR GIMBALS MARKET, 2019–2027 ($MILLION)
FIGURE 30.LEONARDO DRS: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 31.LEONARDO DRS: NET SALES, 2016–2018 ($MILLION)
FIGURE 32.LEONARDO DRS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 33.LEONARDO DRS: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 34.FLIR SYSTEMS, INC: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 35.FLIR SYSTEMS, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 36.FLIR SYSTEMS, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 37.FLIR SYSTEMS, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 38.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 39.LOCKHEED MARTIN CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 40.LOCKHEED MARTIN CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 41.LOCKHEED MARTIN CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 42.L3HARRIS TECHNOLOGIES, INC.: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 43.L3HARRIS TECHNOLOGIES, INC.: REVENUE, 2016-2018 (($MILLION)
FIGURE 44.L3HARRIS TECHNOLOGIES, INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 45.L3HARRIS TECHNOLOGIES, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 46.AEROVIRONMENT, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 47.AEROVIRONMENT, INC.: REVENUE, 2017-2019 (($MILLION)
FIGURE 48.AEROVIRONMENT, INC.: REVENUE SHARE BY PRODUCT LINE, 2019 (%)
FIGURE 49.AEROVIRONMENT, INC.: REVENUE SHARE BY REGION, 2019 (%)


 

 
 

EO/IR gimbals market is projected to depict a prominent growth during the forecast period, owing to various factors such as increase in demand for intelligent sensors & sighting devices, countermeasures, and reconnaissance. Launch of upgraded technologies product in the similar field is a major factor that limits the market growth. Some of the prominent features of EO/IR gimbals are object tracking, real-time video stabilization, navigation, on-board video encoding, anti-vibration, and GEO-lock.

Electro-optical/infrared (EO/IR) gimbal systems are imaging systems, used for law enforcement applications including both visible and infrared sensors. EO/IR gimbals can scan both visible and infrared wavelengths and provide overall situational awareness about both day & night and also in low light conditions. EO/IR gimbal are usually mounted on vehicle or aircraft and used as hand-carried and able to identify targets, track moving targets, measure threats from a distance, and challenge environmental situations. 

The EO/IR gimbals market provide numerous growth opportunities to the market players such as Leonardo DRS, CONTROP Precision Technologies Ltd., L3Harris Wescam, Ascent Vision Technologies LLC, FLIR Systems, Inc., Lockheed Martin, PVP Advanced EO Systems, I2Tech, Harris Aerial, AeroVironment, Inc., Ukrspecsystems, ZHIYUN, and MERIO.
 

 

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