Handheld Gimbal Market Size, Share and Growth Analysis

Handheld Gimbal Market Analysis Size, Growth rate and Overview:

The Handheld Gimbal Market was valued at USD xx billion in 2017 and is expected to reach almost USD xx billion by the end of 2023, growing at a CAGR of around xx% over the predicted period.

A gimbal is a pivoted support that allows the rotation of an object about a single axis. This system is applied to a handheld 3-axis gimbal, that is used in stabilization systems designed to give a camera operator the independence of a handheld shooting without camera vibration or shake. An inertial measurement unit (IMU) responds to movement and utilizes its three separate motors to stabilize the camera. The market for this system can be applied to smartphones, DSLR’s, cinema cameras, action cameras and underwater cameras.

Usually used in the fields of sports and film-making, the invention was a godsend for clear, uninterrupted pictures with a difference. The growing technology and intense use of neck-breaking photography has pushed forth the industry, laying emphasis on cheaper variants of the same product. However, owing to the complex structure of the gimbal, the industry is grappling with costs. In spite of this burden, the industry is expected to grow in the near future with a steady pace.

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Handheld Gimbal Market Key Drivers, Challenges, and Opportunities:

With the guidance of various algorithms, the stabilizer is able to notice the difference between deliberate movement such as pans and tracking shots from unwanted shake. This allows the camera to seem as though it is floating through the air, which is an effect achieved by a Steadicam in the past. Gimbals can be mounted to cars and other vehicles such as drones, where vibrations or other unexpected movements would make tripods or other camera mounts unacceptable. They are widely being used either commercially or for personal reasons.  There are varied types of handheld gimbals available depending on type of usage including 2-axis handheld gimbal and 3-axis handheld gimbal.

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Handheld Gimbal Market – Regional Presence:

The global handheld gimbal market was dominated by the 3-axis handheld gimbal and is expected to grow because of its convenience in usage and better hold capacity. The major markets for this segment around the world are North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Owing to the growing technology domain, the handheld gimbal market is expected to grow strongly in the United States of America and Canada in the near future. The Asia Pacific region also has a strong growth rate because of its growing interest in the fields on photography.

Some of the Key Players Profiled in this Handheld Gimbal Market Report are:

Some of the big players in the international market include Hohem Technology, EVO Gimbals, Feiyu Technology, Zhiyun Tech, Glidecam Industries, Gudsen Technology, and Ikan International, among others.

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