According to a recent market study published by Growth Market Reports, titled, “Global Handheld Gimbal Stabilizers Market By Axis Rotation, By Device Use, By Application, By End-use, By Sales Channel, and By Region: Size, Share, Trends, and Opportunity Analysis, 2015-2030”, the market was valued at US$ 1,641.6 Million in 2022 and is anticipated to expand at a growth rate of 4.2% by 2030.
Handheld gimbal stabilizers are sophisticated electronic devices that are used to stabilize cameras. A handheld gimbal stabilizer is simple to operate. The camera is affixed to the gimbal, and the user operates the device by holding the device's handle. The gimbal's motors work to counteract any movement, stabilizing the camera and generating smooth footage. Some gimbal stabilizers are equipped with remote control capabilities, time-lapse mode, and automatic subject tracking.
The motorized gimbal is equipped with brushless motors that maintain the camera's stability along all three axes. These motors are connected to sensors that instantaneously adjust the camera's position in response to any detected movement or vibration. This results in a smooth and stable video.
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The handheld gimbal stabilizers market has been fragmented based on axis rotation, device use, application, end-use, sales channel, and by region. By axis rotation, the handheld gimbal stabilizers market is categorized as two-axis, and three-axis. By device use, the handheld gimbal stabilizers market is categorized as smartphones, DSLRs, cinema cameras, action cameras, underwater cameras, and others. By application, the handheld gimbal stabilizers market is categorized as film and video production, vlogging, sports, live events, and others. By end-use, the handheld gimbal stabilizers market is categorized as individual, and commercial. By sales channel, the handheld gimbal stabilizers market is categorized as offline, and online. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and the Middle East & Africa (MEA).
Key factors that are anticipated to fuel the demand for handheld gimbal stabilizers during the forecast period are the increasing disposable income, growing popularity of online shopping, and growing popularity of sports and adventure activities. Increasing popularity of online purchasing is a major force propelling the global handheld gimbal stabilizers market. Consumers are able to access a vast selection of camera accessories, including handheld gimbal stabilizers, from the convenience of their residences. Rise of e-commerce platforms such as Amazon and Alibaba has made it easy for manufacturers of handheld gimbal stabilizers to reach a global audience. These platforms offer manufacturers access to a large consumer base, thereby enhancing their visibility and sales.
The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. The pandemic restricted the handheld gimbal stabilizers market, causing severe disruptions in businesses. This declined the global economy. The pandemic caused disruption in the supply chain of handheld gimbal stabilizers. The disruption is caused by various factors such as reduced production capacity, due to lockdown and transportation restrictions.
As per Growth Market Reports Industry Analyst, Partha Paul, “Growing use of smartphones for videography presents a substantial opportunity for the portable gimbal stabilizers market. Demand for portable gimbal stabilizers is anticipated to increase, as more consumers adopt smartphones as their primary video-capturing devices. Manufacturers are creating products that are compatible with smartphones, making them accessible to a large number of consumers.”
The term, ‘value chain’, refers to various business activities and processes involved in creating a product or performing a service. A value chain is a set of activities that an organization carries out to create value for its customers. Various components/ raw materials are used for manufacturing handheld gimbal stabilizers. Some of these components are rotating axes (pitch, roll, and yaw), rigs, monitor kit, handgrip, li-ion batteries, adapter, shock absorber, spring tension, and others. Components are shipped to manufacturers to be processed for final assembly.
Key Takeaways from the Study
- Players in the handheld gimbal stabilizers market include DJI, Guilin Zhishen (ZHIYUN), Hohem, Videndum plc (Manfrotto), Gudsen Technology Co., Ltd. (MOZA), FeiyuTech, The Tiffen Company, Gradus Group LLC, Ikan Corporation, Glidecam Industries, Inc., Flyfilms, and Sevenoak (Hong Kong) Technology Co., Ltd.
- Sevenoak (Hong Kong) Technology Co., Ltd., Flyfilms, Glidecam Industries, Inc., Ikan Corporation, and Gradus Group LLC are some key players that account for a small share of the market.
- The global portable gimbal stabilizers industry is significantly influenced by the rate of economic expansion. Generally, economic growth is characterized by increased levels of economic activity and income, which results in a rise in disposable income and consumer confidence. This increases the demand for portable gimbal stabilizers. Manufacturers are incentivized to increase output and enhance efficiencies to combat the rising demand for these products, resulting in low costs and competitive pricing.
- Increasing disposable income is a major factor that is driving the global handheld gimbal stabilizers market. This is encouraging consumers to purchase high-end and sophisticated camera accessories, such as portable gimbal stabilizers, to capture high-quality footage and improve content creation. Growing discretionary income of consumers leads to high purchasing power to invest in leisure activities, such as travel and adventure sports, which increases the demand for portable gimbal stabilizers. These devices enable users to document memories and experiences in a visually appealing and shareable manner, making them indispensable accessories for content creators and social media influencers.
- In terms of axis rotation, the market is segmented into two-axis, and three-axis. The three-axis segment is estimated to constitute XX% of the market share by 2030, as large cameras, such as DSLRs, mirrorless cameras, and cinema cameras, are frequently used with three-axis gimbals because they can hold more weight and offer better stabilization functions. They are also utilized with action cameras and cell phones for higher-quality filming and photography.
- In terms of device use, the market is segmented into smartphones, DSLRs, cinema cameras, action cameras, underwater cameras and others. The DSLRs segment is estimated to constitute 18.8% market share by 2030. It is very handy for anyone wishing to record high-quality, professional-looking film with their DSLR camera.
- In terms of application, the market is segmented into film and video production, vlogging, sports, live events, and others. The Vlogging segment is estimated to constitute XX% market share by 2030. The handheld gimbals are used to capture stable and smooth video while in motion.
- In terms of end-use, the market is segmented into individual, and commercial. The individual segment is expected to expand at a CAGR of XX% during the forecast period, as Individual handheld gimbals are utilized in a variety of scenarios, from vacation filming and outdoor activities to vlogging and the development of social media content.
- In terms of sales channel, the market is segmented into offline, and online. The offline segment is projected to hold a considerable market share of XX% in 2022. The wholesalers/distributors purchase goods in significant quantity and conduct business-to-business transactions. The supermarket & hypermarket provide essential goods to consumers under one roof, which saves time.
- On the basis of region, the global Handheld Gimbal Stabilizers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to grow with a CAGR of XX% during the forecast period and had a market value of USD XX.X Million in 2022. The region is expected to widen its market value to USD XX Million by 2030, owing to the presence of a large number of YouTubers and vloggers in the region.
- The market in Europe is projected to expand at a CAGR of XX% during the forecast period, due to the rising demand for cutting-edge technological equipment for producing high-quality videos and films.
- Asia Pacific accounted for a XX% share of the market in 2022, due to the presence of a large number of manufacturers in the region. The region also is experiencing growing users and audiences on OTT platforms.
- Latin America accounted for a XX% share of the market in 2021, due to increasing urbanization and growing internet penetration which has led to the increase in usage of OTT platforms, which in turn is expected to increase the demand for handheld gimbal stabilizers.
Report Scope
Report Metric |
Details |
Market Value in 2022 |
US$ 1,641.6 Million |
Market Growth Rate (from 2023 to 2030) |
4.2% |
Historical Data |
2015 & 2021 |
Base Year |
2022 |
Forecast Period |
2023 - 2030 |
Units Considered |
Value (US$ Million) |
Market Segments |
By Axis Rotation, By Device Use, By Application, By End-use, By Sales Channel, and By Region |
Key Companies Profiled |
DJI, Guilin Zhishen (ZHIYUN), Hohem, Videndum plc (Manfrotto), Gudsen Technology Co., Ltd. (MOZA), FeiyuTech, The Tiffen Company, Gradus Group LLC, Ikan Corporation, Glidecam Industries, Inc., Flyfilms, and Sevenoak (Hong Kong) Technology Co., Ltd. |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail of tailor-made purchase options to meet all research requirements |
Target Audience
- Supply-side: Handheld gimbal stabilizers providers
- Demand Side: Individuals, group events, birthday parties, corporate events
- Regulatory Side: Concerned government authorities and other approval regulatory bodies