Global Electro optics/infrared (EO/IR) gimbal Market was valued at USD 0.53 Billion in 2019 and expected to grow with a CAGR 13.9% during forecasting years. Gimble signifies to. a rotated support permitting rotation of any object in a single axis Generally, EO/IR is used by Defense and Marine for search, observe and track the land or sea which can appease flight navigation, reconnaissance, photography and other application. Gimbals are mainly consisting of Electro Optical and Infrared gyroscope used to stabilize camera connected with it. Gamble system are used for drone, unmanned aerial vehicles (UAVs) and fixed-site installations as well as unmanned vehicles including USVs and UGVs. Rise in investments in defense, increase in demand for intelligent surveillance are key market driver of EO/IR Gimble services. For Instance, as per USA Organisation, in 2019, US investment on weapon procurement and research and development is USD 684.6 Billion in 2019 and China investment was USD 181.1 Billion. Despite that, regulations on drones usage, restrain the market growth during forecasting years 2020-2027.
The regional analysis of the Electro optics/infrared (EO/IR) gimbal Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, North America leading the Global market of EO/IR Gimble as increasing technology and advancement in the region. However, Rest of the world holds largest market share of EO/IR Gimble. Improvement in aerial technology around the globe has boosted the growth of the market during forecasting period 2020-2027.

Key Players in Global Electro optics/infrared (EO/IR) gimbal Market
CONTROP Precision Technologies Ltd.
Leonardo DRS
L3Harris Wescam
Ascent Vision Technologies LLC
FLIR Systems, Inc.
Lockheed Martin
PVP Advanced EO Systems
I2Tech
Harris Aerial
AeroVironment, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
2-axis EO/IR gimbals
3-axis EO/IR gimbals
By End User:
UAV/UAS
Defence
Marine
Law Enforcement
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy

Asia Pacific
China
India
Japan
Australia


Latin America
Brazil
Mexico
Rest of LA
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of Global Electro optics/infrared (EO/IR) gimbal Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors