Allied Market Research

2024

Gimbal Market

Gimbal Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application and by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Electronic Systems and Devices

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Author's: | Sonia Mutreja
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Gimbal Market Outlook – 2027 

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. 

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. 

Top Impacting Factors 

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. 

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.

Surge in Growth of Entertainment Industry

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. 

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.

Increase in Demand For Intelligent Surveillance

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. 

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

  • This study presents the analytical depiction of the global gimbal market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed global market analysis.
  • The current market trends are quantitatively analyzed to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global gimbal market analysis based on competitive intensity and how the competition will take shape in the coming years. 

COVID-19 Scenario Analysis 

  • Global gimbal market has been significantly impacted by the COVID-19 pandemic. New projects throughout the world have slowed down, which, in turn, have significant demand for the gimbal. 
  • Global factories have struggled to manufacture and assemble new devices as workers have stayed in their homes and even the already available devices in various warehouses cannot be transported due to current rules and regulations which have disrupted the global supply chains.
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains and demand for these products are gradually going to increase.
  • This will provide opportunities for companies to think about ways of increasing production, research about technologies, and improve current products.

Gimbal Market Report Highlights

Aspects Details
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By Type
  • 2-Axis Gimbal
  • 3-Axis Gimbal
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By Application
  • Filmmaking
  • Extreme Sports
  • Mobile Phone
  • Camera
  • Others
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By Industry Vertical
  • Consumer Electronics
  • Aerospace & Defense
  • Marine
  • Law Enforcement
  • Entertainment
  • Others
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By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Big Balance Tech., Varavon, WENPOD, Lanparte, Freefly, Filmpower, Zhiyun, Comodo, DJI Tech, DEFY

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Gimbal Market

Global Opportunity Analysis and Industry Forecast, 2023-2032