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Gimbal Market Trends

  • Report ID: GMI11636
  • Published Date: Sep 2024
  • Report Format: PDF

Gimbal Market Trends

One of the most significant trends in the gimbal industry is the integration of smart technologies, such as artificial intelligence (AI) and machine learning (ML). These technologies enable advanced features like automated subject tracking, facial recognition, and predictive movement, which enhance the user experience by simplifying operation and improving the quality of the footage. As consumers and professionals alike demand more intuitive and efficient devices, manufacturers are focusing on embedding these smart capabilities into their gimbals. This trend not only enhances the functionality of gimbals but also opens up new possibilities for creative and professional applications.
 

As consumer preferences shift towards compact and portable devices, there has been a noticeable trend towards the miniaturization of gimbals. Manufacturers are increasingly developing smaller, lighter models without compromising on performance. This trend is particularly evident in the market for smartphones and action camera gimbals, where portability is a key selling point.
 

The growing demand for travel vlogs, adventure sports, and on-the-go content creation has further accelerated this trend, as users seek gimbals that are easy to carry and operate in various environments. The emphasis on portability is also driving innovation in battery life and durability, ensuring that these compact devices can perform reliably in diverse conditions.
 

Another emerging trend in the gimbal market is the development of multi-function gimbals that combine stabilization with additional features, such as built-in lights, microphones, and even wireless charging capabilities. These all-in-one devices cater to the increasing demand for versatile tools that can enhance the production quality of content without requiring multiple pieces of equipment.
 

Multi-function gimbals are particularly appealing to content creators who need to travel light or work in dynamic environments. This trend reflects the broader market shift towards devices that offer comprehensive solutions, addressing various needs in a single product, thereby enhancing convenience and efficiency for the user.
 

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of gimbal reached USD 600 million in 2023 and is set to grow at a CAGR of over 6% between 2024 and 2032, driven by the increasing popularity of video content on platforms like YouTube, TikTok, and Instagram.

The professional videographers/filmmakers segment is expected to register a CAGR of over 7% during the forecast period, led by the increasing demand for high-quality video production and the expanding use of gimbals in various media and entertainment sectors.

North America dominated the global market in 2023, accounting for a share of over 35%. The region's strong focus on innovation and the widespread popularity of social media platforms have fueled the demand for high-performance gimbals among content creators.

Major players in the industry include DJI (Dajiang Innovation), FeiyuTech (Feiyu Technology), Omega Broadcast & Cinema, Opteka, Rollei, and B&H Photo Video.

Gimbal Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 358
  • Countries covered: 21
  • Pages: 210
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