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Optical Image Stabilizer (OIS) Market Trends

  • Report ID: GMI11954
  • Published Date: Oct 2024
  • Report Format: PDF

Optical Image Stabilizer Market Trends

The Optical Image Stabilizer (OIS) market is witnessing several transformative trends that are reshaping its landscape. One prominent trend is the increasing integration of OIS technology into a diverse range of devices beyond traditional cameras, including smartphones, drones, and automotive applications. As the demand for high-quality imaging rises, manufacturers are focusing on developing more compact and efficient stabilization systems that can be seamlessly incorporated into various form factors.

 

Additionally, advancements in sensor technology and digital signal processing are enhancing the performance of OIS, allowing for real-time adjustments to image stabilization algorithms that cater to dynamic shooting conditions. There is also a growing trend towards hybrid stabilization systems, which combine OIS with electronic image stabilization (EIS) to provide superior performance across different scenarios.
 

Moreover, as consumers become more video-centric, especially with the rise of social media platforms, the demand for enhanced video stabilization features has surged, prompting manufacturers to prioritize OIS in their product development.
 

The optical image stabilizer market faces stiff competition from alternative stabilization technologies, such as electronic image stabilization (EIS). While EIS is typically less expensive to implement and can provide satisfactory results for many applications, it often lacks the quality of stabilization achieved by OIS in certain scenarios. As manufacturers increasingly adopt EIS due to its lower cost and ease of implementation, the demand for OIS may be impacted, especially in consumer-grade devices.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The global optical image stabilizer industry was valued at USD 12.3 billion in 2023 and is estimated to grow at a CAGR of 8.7% from 2024 to 2032, driven by advancements in imaging technologies.

The professional photography segment is expected to register a CAGR of 10.6% over the forecast period, fueled by the demand for high-performance DSLR and mirrorless cameras.

U.S. accounted for over 70% of the North America OIS market in 2023, led by a robust appetite for cutting-edge imaging technologies across various sectors.

Major players in the industry include Apple Inc., BenQ Corporation, Blackmagic Design, Canon Inc., DJI Technology Co., Ltd., Fujifilm Holdings Corporation, GoPro, Inc., Hasselblad, JVC Kenwood Corporation, and Leica Camera AG.

Optical Image Stabilizer Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 19
  • Tables & Figures: 240
  • Countries covered: 19
  • Pages: 172
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