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Gimbal Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
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The Global Gimbal Market was valued at USD 600 million in 2023 and is projected to grow at 6% CAGR from 2024 to 2032. The surge in popularity of video content across various social media platforms has significantly increased the demand for stable footage. Gimbals are essential devices that facilitate smooth camera movements, minimizing shakes and vibrations. This need is particularly pronounced among content creators, vloggers, and filmmakers, both professional and amateur, as they seek to elevate their video production quality. Technological advancements in gimbal design, including the incorporation of artificial intelligence (AI) for automatic tracking and the creation of lighter, more compact models, contribute to market expansion.
These innovations make gimbals more accessible to a wider audience, including individuals without extensive videography experience. Enhancements in gimbal features, such as higher payload capacities and longer battery life, further enhance their attractiveness to users. The market is segmented based on end-user categories, including consumers, professional videographers, commercial users, government and military sectors, as well as research and educational institutions. The professional videographers and filmmakers segment is expected to witness a CAGR of over 7% during the forecast period.
This segment represents an advanced market where gimbals are utilized in professional environments to capture cinematic-quality footage. Additionally, the gimbal market is divided into two primary product types: axis-based and mechanism-based gimbals. The mechanism-based segment currently holds the largest share of the market and is expected to reach a valuation of USD 600 million by 2032. This segment comprises both motorized and manual gimbals, which use mechanical systems to attain stabilization and smooth camera movement. These devices typically employ complex mechanical linkages and counterweights to balance the camera and mitigate vibrations effectively.
Market Scope |
Start Year | 2023 |
Forecast Year | 2024-2032 |
Start Value | $600 Million |
Forecast Value | $1 Billion |
CAGR | 6% |
In 2023, North America led the global gimbal market, capturing over 35% of the total share. The region is a significant player in the industry, with the United States serving as a central hub for technological innovations and consumer electronics. The emphasis on cutting-edge advancements, combined with the widespread use of social media platforms, has driven demand for high-performance gimbals among content creators. Furthermore, the flourishing film and entertainment sector in the U.S. continues to propel the market, as gimbals are indispensable tools for professional cinematography.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand for high-quality video content
- 3.8.1.2 Technological advancements in gimbal design
- 3.8.1.3 Growing use in professional filmmaking
- 3.8.1.4 Increasing adoption in live streaming and virtual events
- 3.8.1.5 Expanding market for smartphones and action cameras
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High competition and price sensitivity
- 3.8.2.2 Rapid technological obsolescence
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Million & Units)
- 5.1 Key trends
- 5.2 Axis-based
- 5.2.1 2-axis gimbals
- 5.2.2 3-axis gimbals
- 5.2.3 4-axis and above gimbals
- 5.3 Mechanism-based
- 5.3.1 Motorized gimbals
- 5.3.2 Manual gimbals
Chapter 6 Market Estimates & Forecast, By Application, 2021-2032 (USD Million & Units)
- 6.1 Key trends
- 6.2 Smartphone cameras
- 6.3 DSLR/mirrorless cameras
- 6.4 Action cameras
- 6.5 Drone/UAV cameras
- 6.6 Professional camcorders
- 6.7 Virtual reality/360° cameras
- 6.8 Industrial applications
- 6.9 Security/surveillance application
- 6.10 Other applications
Chapter 7 Market Estimates & Forecast, By End-user, 2021-2032 (USD Million & Units)
- 7.1 Key trends
- 7.2 Consumer
- 7.3 Professional videographers/filmmakers
- 7.4 Commercial users
- 7.5 Government/military
- 7.6 Research/educational institutions
Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Million)
- 8.1 Key trends
- 8.2 Online channels
- 8.2.1 E-commerce platforms
- 8.2.2 Direct online sales
- 8.3 Offline channels
- 8.3.1 Retail stores
- 8.3.2 Distributors/resellers
- 8.3.3 Direct offline sales
Chapter 9 Market Estimates & Forecast, By Region, 2021-2032 (USD Million & Units)
- 9.1 Key trends
- 9.2 North America
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 B&H Photo Video
- 10.2 Benro
- 10.3 Camvate
- 10.4 DJI (Dajiang Innovation)
- 10.5 FeiyuTech (Feiyu Technology)
- 10.6 Freefly Systems
- 10.7 Glidecam Industries, Inc.
- 10.8 Insta360
- 10.9 Manfrotto
- 10.10 Moza (Gudsen Moza)
- 10.11 Omega Broadcast & Cinema
- 10.12 Opteka
- 10.13 ProMediaGear
- 10.14 Qubo
- 10.15 Rollei
- 10.16 Robu In.
- 10.17 Tilta
- 10.18 Zhiyun
- 10.19 Zhiyun Smooth 4
- 10.20 Zhiyun Weebill
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