Mobile Gimbal Market By Stabilization Type (3-Axis Stabilization, 2-Axis Stabilization), By Price Point (Premium, Mid-Range, Low/Economic), By Type (Foldable, Wireless remote control, Bluetooth enabled), By Distribution Channel (Offline, Online): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global mobile gimbal market size was valued at $ 490.1 million in 2021 and is projected to reach $951.6 million by 2031, registering a CAGR of 6.9% from 2022 to 2031. A gimbal is a pivoting support that allows an object to rotate around an axis. It can be mechanical or motorized, and it is utilized in stabilization systems to give camera operators the freedom to capture without shaking the camera.
The sudden rise in the number of vloggers is expected to boost the growth of the mobile gimbal market since gimbals help vloggers to record more steady and clear videos to post on their channels so they can present a good video and attract more viewers. There is a surge in the number of daily vloggers as many people opted for vlogging as a profession during COVID-19 as they have lost their jobs and have nothing to do. According to an article by vlogging pro over 44% of internet users watch vlogs every single month. The large audience is luring people to shift towards vlogging which is expected to boost the demand for the mobile gimbal.
The global entertainment and media industry has grown significantly during the last few decades. The rise in the production of different kinds of video material for social media, television, and the big screen can be blamed for the increase. Mobile phones are used in the entertainment industry due to features like quality, several modes, filters, and other capabilities given by mobile phone makers. For instance, the media and entertainment industry is expanding. In 2020, the U.S. media and entertainment (M&E) industry will be the largest in the world, with a market value of $660 billion (of the $2 trillion total), predicts the International Trade Administration. Such a huge size of the media and entertainment industry coupled with the rising usage of mobile phones in the industry is expected to fuel the mobile gimbal market growth.
Since many smartphones already come with built-in motion stabilization features, the integrated camera stabilization used by smartphone makers may hinder the growth of the mobile gimbal industry. Smartphone cameras typically feature optical image stabilization (OIS), which reduces blurriness in images and videos caused by irregular motion. (EIS) Electronic picture stabilization is another technique for reducing hand tremors that result in unsettling video shaking during playback. There are many smartphone programs available that can deal with fuzzy photos. The availability of numerous less-priced gimbal alternatives may impede the growth of the gimbal market.
A market expansion opportunity is anticipated as a result of increased global population spending on mobile phone accessories. The National Library of Medicine reports that sales of mobile phone accessories in the United States have exceeded 74 billion US dollars and are projected to reach 93 billion US dollars in 2023. This increase in the need for mobile phone accessories is anticipated to open up opportunities for the mobile gimbal market to expand rapidly. The demand for mobile accessories is being fueled by the expansion of social media platforms. For instance, according to an article by The Economic Times in 2019, the Popularity of the Chinese social media app, TikTok which lets people record short videos and post them online, has boosted sales of mobile phone tripods and accessories up to 10 times in a year.
The mobile gimbal market is segmented into stabilization type, price point, type, distribution channel, and region. By stabilization type, the market is bifurcated into 3-Axis Stabilization and 2-Axis Stabilization. By price point, the market is classified into premium, mid-range, and low/economic. By distribution channel, the market is bifurcated into offline channels and online channels. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The prominent market players are include Glidecam Industries, Inc., Gudsen Technology Co., Ltd., Flyfilms, Shape, Letus Corporation, Ikan Corporation, Tilta Inc., Ningbo Eimage Studio Equipment Co., Ltd., SZ DJI Technology Co., Ltd., and Rhino.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mobile gimbal market analysis from 2021 to 2031 to identify the prevailing mobile gimbal market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the mobile gimbal market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global mobile gimbal market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Stabilization Type
3-Axis Stabilization
2-Axis Stabilization
By Price Point
Premium
Mid-Range
Low/Economic
By Type
Foldable
Wireless remote control
Bluetooth enabled
By Distribution Channel
Offline
Sub Segment
Hypermarket
Specialty Stores
Mobile Stores
Online
Sub Segment
Direct
Indirect
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
New Zealand
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
SZ DJI Technology Co., Ltd.
EVO Gimbals
FeiyuTech
Shenzhen Douying Technology Co., Ltd.
Gudsen Technology Co., Ltd.
Kaiser Baas
Movo Photo Group LLC.
Rollei GmbH & Co KG
Shenzhen Snoppa Technology Co., Ltd.
SwiftCam Technologies Group Company Ltd.
VanTop
SHAPE wlb Inc.
Guilin Zhishen Information Technology Co. Ltd.
Hohem Technology Co., Ltd
Zhongshan Kingjoy Photographic equipment Co. Ltd.
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