Handheld Gimbal Stabilizers Market Trends, Industry | 2031

Report Description

Handheld Gimbal Stabilizers Market Outlook

The global handheld gimbal stabilizers market size was estimated at USD 1,641.6 Million in 2022 and is anticipated to reach USD 2,352.7 Million by 2030, expanding at a CAGR of 4.2% during the forecast period, 2023-2030.

Handheld gimbal stabilizers are sophisticated electronic devices that are used to stabilize cameras and eradicate shaky or jerky footage. They are widely used in photography and videography. These portable devices efficiently stabilize the camera on all three axes (pitch, yaw, and roll).

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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.

Handheld Gimbal Stabilizers Market Macro-economic Factors

Economic Growth

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.

Consumers are willing to invest in high-end cameras and camera accessories, such as handheld gimbal stabilizers, as the global economy expands, to enhance the quality of their photography and videography. This increases the demand for portable gimbal stabilizers and creates opportunities for manufacturers and suppliers.

Demographics

Demand for handheld gimbal stabilizers is affected by the age, gender, and income level of people. In terms of demographics, the demand for handheld gimbal stabilizers is being driven by young consumers. Rise of social media platforms such as Instagram, TikTok, and YouTube has increased the number of content creators and influencers who rely on high-quality videos and photographs to engage their audience.

This demographic is likely to invest in high-end cameras and camera accessories, such as handheld gimbal stabilizers, to enhance the quality of content. Growing popularity of adventure sports and outdoor activities is driving the demand for transportable gimbal stabilizers. This demographic includes both younge and elderly consumers who are interested in documenting high-quality footage of their outdoor excursions.

Demand for portable gimbal stabilizers is distributed equitably between male and female consumers. However, male consumers are likely to purchase high-end stabilizers for professional applications such as filmmaking and videography. Rising consumer disposable income is propelling the demand for high-end handheld gimbal stabilizers. Consumers are likely to purchase high-quality cameras and camera accessories, as their discretionary income increases.

Handheld Gimbal Stabilizers Market Dynamics

Major Drivers

Increasing demand for high-quality video content

The global handheld gimbal stabilizers market is driven by several factors, including the rising demand for high-quality video content. The advent of social media platforms has increased the consumption of video content. Consumers are seeking engaging, visually alluring, and high-quality videos. This has resulted in the emergence of numerous video content creators, such as vloggers, influencers, and amateur filmmakers.

Creating high-quality video content requires more than a decent camera. Stabilizing their footage is one of the challenges faced by content creators, particularly when shooting on the move or in challenging environments. Handheld gimbal stabilizers aid in the stabilization of footage. These devices use sophisticated sensors and motors to stabilize the camera and prevent shaky videos, resulting in smooth and professional content.

High demand for portable gimbal stabilizers is attributed to the growing demand for high-quality video content. Many individuals seek to create engaging video content, which increases the demand for these devices. Moreover, the increasing prominence of live streaming platforms such as YouTube and Twitch has fueled the demand for gimbal stabilizers, as they enable creators to produce stable and professional-looking live streams.

Increasing use of smartphones as the primary instrument for capturing and sharing video content is driving the handheld gimbal stabilizers market. Improvements in the quality of smartphone cameras have resulted in an increasing number of consumers that opt to create videos on their devices. Nevertheless, smartphones are notoriously difficult to stabilize, particularly when filming while moving. Handheld gimbal stabilizers offer a solution to this issue, allowing smartphone users to capture seamless and stable footage.

Growing popularity of sports and adventure activities

Increasing prominence of sports and adventure activities has had a substantial impact on the demand for handheld gimbal stabilizers. Handheld gimbal stabilizers are devices that help stabilize the camera and produce smooth, steady shots, while performing activities such as jogging, biking, and skiing. This makes them an indispensable instrument for capturing high-quality footage during sports and adventure activities, which has become important with the rise of social media and the demand for visually appealing content.

Increasing awareness and interest in maintaining an active lifestyle is one of the primary reasons for the rise in the popularity of sports and adventure activities. A large number of people engage in outdoor activities such as hiking, biking, mountain climbing, and skiing to maintain a healthy lifestyle. This has significantly increased the demand for sports and adventure equipment, such as handheld gimbal stabilizers.

Rise of social media has aided in the popularity of sports and adventure activities. Individuals are increasingly sharing their experiences on social media platforms such as Instagram, Facebook, and YouTube, and the importance of the content's quality has increased. This has significantly increased the demand for high-quality cameras and accessories such as portable gimbal stabilizers.

Development of technologies contributes to the popularity of portable gimbal stabilizers in sports and adventure activities. Features such as remote control and smartphone compatibility have resulted in the creation of advanced and user-friendly handheld gimbal stabilizers, making them accessible to a large audience.

Existing Restraints

High price of portable gimbal stabilizers is a major restraint for the handheld gimbal stabilizers market. Handheld gimbal stabilizers are relatively expensive as compared to other camera accessories, making them less accessible to a wide audience.

Price of handheld gimbal stabilizers is primarily determined by the sophisticated technology and materials used in their design and construction. The components and technology of these devices are specialized, and the manufacturing process is intricate, resulting in high production costs. This results in high retail prices, which is a substantial entry barrier for many consumers.

High price of portable gimbal stabilizers restricts their market potential, particularly in emerging economies where consumers have limited discretionary income. Price sensitivity of consumers hinders the growth of the global portable gimbal stabilizers market, as manufacturers are unable to enter these markets.

Those who are not professional videographers or photographers are hesitant to purchase handheld gimbal stabilizers, due to their high cost. Casual users are not willing to pay a high price for an accessory that is not used frequently.

Alternative stabilization solutions, such as tripods and monopods, impact the demand for handheld gimbal stabilizers. These solutions do not provide the same level of stabilization as handheld gimbal stabilizers; however, they are more cost-effective and accessible to a wider audience.

Emerging Opportunities

Increasing demand for action cameras represents a substantial market opportunity for portable gimbal stabilizers. Action cameras, also known as sports cameras, are compact and rugged cameras designed for use in severe environments, including outdoor activities, sports, and adventure activities.

Action cameras have become increasingly popular in recent years, due to their ability to capture high-quality footage and the rise of social media platforms such as Instagram, YouTube, and TikTok where users share their experiences. This has resulted in a substantial increase in demand for action cameras and their accessories, such as portable gimbal stabilizers.

Handheld gimbal stabilizers are an essential accessory for action cameras, as they help stabilize the camera and produce smooth and steady footage, while performing strenuous activities such as jogging, biking, and skiing. This makes them indispensable for capturing high-quality footage during sports and adventure activities, which is in high demand among users of action cameras.

Demand for action cameras is anticipated to increase, due to factors such as the rising prominence of outdoor activities and adventure sports, increasing disposable income, and the expansion of social media platforms. This, in turn, is projected to increase the demand for handheld gimbal stabilizers as complementary accessories.

Scope of Handheld Gimbal Stabilizers Market Report        

The report on the handheld gimbal stabilizers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Handheld Gimbal Stabilizers Market Segment Insights

Axis Rotation Segment Analysis

Based on axis rotation, the global handheld gimbal stabilizers market is divided into two-axis and three-axis. The two-axis segment is expected to expand at a CAGR of 3.6% during the forecast period, as smaller cameras and cell phones frequently employ two-axis gimbals since they are lighter and less expensive than three-axis gimbals. They are frequently simpler to set up and use, and they may still offer great stabilization for a variety of shots.

The three-axis segment is estimated to constitute XX.X% 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.

Device Use Segment Analysis

Based on Device Use, the global Handheld Gimbal Stabilizers Market is segmented into Smartphones, DSLRs, Cinema Cameras, Action Cameras, Underwater Cameras, and Others. The Smartphones segment is expected to expand at a CAGR of XX.X% during the forecast period as a smartphone handheld gimbal stabilizer is useful for anyone wishing to record high-quality, professional looking video with their smartphone.

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. The Cinema Cameras segment is expected to expand at a CAGR of XX.X% during the forecast period as it is especially helpful for filmmakers, content producers, and videographers who want to create high-quality videos.

Action camera handheld gimbals are especially popular with extreme sports enthusiasts, allowing them to capture smooth, stable footage while skiing, snowboarding, skateboarding, and performing other high-intensity activities. Underwater camera handheld gimbals are specialized devices designed to stabilize cameras while filming underwater.

Underwater camera’s handheld gimbals use motors and sensors to detect movement and compensate for any unwanted camera shake. This stabilization allows the camera to capture smooth and stable footage even when the operator is swimming or diving through the water. The others type of cameras used with gimbals are compact cameras and mirrorless cameras.

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Application Segment Analysis

Based on Application, the global Handheld Gimbal Stabilizers Market is segmented into Film and Video Production, Vlogging, Sports, Live events, and Others. The Film and Video Production segment is expected to expand at a CAGR of XX.X% during the forecast period as it can be utilized in both high-budget feature films and low-budget independent movies, handheld gimbals. The Vlogging segment is estimated to constitute XX.X% market share by 2030.

The handheld gimbals are used to capture stable and smooth video while in motion. The Sports segment is expected to expand at a CAGR of XX.X% during the forecast period as it is highly useful in sports since the device has to follow the athlete and capture various angles. Handheld gimbals are used in live events to capture high-quality footage of the action or performance.

Handheld gimbals have become an essential tool for content creators in various industries, allowing them to produce high-quality and engaging video content. Travel is one of the areas where handheld gimbals are popular. Another such popular area where gimbals are used is real estate.

End-use Segment Analysis

Based on End-use, the global handheld gimbal stabilizers market is divided into Individual and Commercial. The individual segment is expected to expand at a CAGR of XX.X% 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.

The commercial segment is estimated to constitute XX.X% of the market share by 2030, as commercial handheld gimbals are utilized in various professional scenarios, including creating television shows and movies as well as music videos, commercial photography, and corporate films.

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Sales Channels Segment Analysis

Based on sales channels, the global Handheld Gimbal Stabilizers Market is divided into Online and Offline. The online segment is projected to expand at a considerable CAGR of XX.X% during the forecast period.

Increasing penetration of key players on online portals in developing regions is anticipated to fuel the market in the near future. The offline segment is projected to hold a considerable market share of XX.X% in 2022. The supermarket & hypermarket provide essential goods to consumers under one roof, which saves time.

Regional Analysis

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.X% 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.X 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.X% 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.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Handheld Gimbal Stabilizers Market
• Historical, Current, and Projected Market Size in terms of Value
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints, and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Handheld Gimbal Stabilizers Market Performance