Report Code: A09483 | Pages: NA | Mar 2023 | 2789 Views | ||
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Request Now !The global gimbal market size is experiencing a significant growth and is expected to grow considerably in the next few years. A Gimbal is a pivoted support that enables rotation of object about an axis. It is used in stabilization systems, allowing camera operators the freedom of capturing without shaking of the camera, and it can be either mechanical or motorized. It is widely used in the entertainment industry, owing to its strong features, such as stabilizing quality, ease of use & portability, flexibility, and reliability.Â
The global gimbal market is segmented on the basis of type, application, industry vertical, and region. Based on type, the gimbal market is bifurcated into 2-axis gimbal and 3-axis gimbal. In terms of application, the market is categorized into filmmaking, extreme sports, mobile phone, camera, and others. On the basis of industry vertical, the market is divided into consumer electronics, aerospace & defense, marine, law enforcement, entertainment, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global gimbal industry include Big Balance Tech., WENPOD, Comodo, Freefly, Filmpower, Varavon, DEFY, Lanparte, Zhiyun, DJI Tech, Wondlan, SwiftCam Tech., BeStableCam Tech., TRD, FEIYU TECH, Steadicam, and Rollei. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.Â
The global gimbal market share is primarily driven by increase in production of video content. Significant growth in the entertainment and media sector and rise in preference for high-quality videos have impelled creators to develop their cinematography skills by using advanced camera accessories that aids in capturing high-definition (HD) shots with stable motion.Â
Furthermore, rise in penetration of high-speed internet fuels demand for high-quality videos, and subsequently necessitates use of a gimbal while capturing a video. In addition, growth in popularity of social media platforms, such as YouTube and Instagra offers remunerative opportunities for creators. Consequently, it has resulted in intense competition among content creators for providing premium quality videos and images to their audience, which has significantly facilitated the gimbal market growth.
The film industry is forseen as one of the major and most lucrative categories in the global entertainment industry. It produces numerous films annually. It is expected that this promising outlook of the film and entertainment industry would drive demand for electronic gimbal system to achieve perfect shots and videos. The global market growth can be attributed to rise in production of different genres of video content on both TV and big screen.Â
Rapid technological changes, business models, and consumer behavior have changed consumer perception, experience and pay for entertainment and media. The market leaders in this industry also focus on building fan-focused businesses and brands to actively produce outstanding content. As a result, these market players invest on technologies and equipment such as computer-generated image (CGI) and visual effects (VFX), as well as a variety of different cameras and peripherals, including gimbal system.
UAV highly influences security and surveillance by minimizing risks economically and effectively. UAV surveillance technology experiences rapid development, and several market players are investing in 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.Â
Drone surveillance is ultimate solution for providing safety and security of large group of population or even sensitive locations. As intelligent surveillance is an ideal tool for security in real-time situation, its increasing demand drives the growth of the gimbal industry.
Key Benefits of the Report
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2020–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Units | Value (USD) |
Segments Covered | Type, Application, Industry Vertical, and Region |
Regions Covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (India, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). |
Companies Covered | Big Balance Tech., WENPOD, Comodo, Freefly, Filmpower, Varavon, DEFY, Lanparte, Zhiyun, DJI Tech, Wondlan, SwiftCam Tech., BeStableCam Tech., TRD, FEIYU TECH, Steadicam, and Rollei |
COVID-19 Scenario AnalysisÂ
Gimbal Market Key SegmentsÂ
Gimbal Market Report Highlights
Aspects | Details |
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By Type |
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By Application |
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By Industry Vertical |
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By Region |
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Key Market Players | Big Balance Tech., WENPOD, Comodo, Freefly, Filmpower, Varavon, DEFY, Lanparte, Zhiyun, DJI Tech |
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