Gimbal Market: Global Industry Analysis and Forecast (2024 -2030)

The Gimbal Market was valued at 0.68 Bn. USD in 2023 and is been projected to increase with a CAGR of 5.6% over the forecasted period. The market size is been forecast to reach the value of 1 Billion USD by the year 2030
Gimbal Market Overview
A gimbal is a device used to stabilize cameras, drones, or other equipment to capture smooth and shake-free footage or images. It consists of motors and sensors that counteract unwanted movements and vibrations, allowing for steady and balanced shots even in dynamic environments. The Gimbal market size was 0.68 Bn USD in 2023 and is projected to grow 5.6% over the forecasted period. The market will reach 1 Bn USD by 2030. Vlogging and mobile videography are driving the market. Vloggers and mobile videographers want shake-free footage to engage viewers, driving the market. Motorized gimbals stabilize footage. The report predicts a USD 110.4 billion global vlogging market by 2028, with YouTube and TikTok making it easier to share videos globally.

Businesses and individuals realize the power of video as a communication tool and want their videos to look professional, driving the gimbal market. Gimbal-stabilized footage helps achieve this goal. 82% of companies used video marketing in 2021, and consumers like high-quality content. Video content helps consumers buy and trust brands. As businesses use video content to engage audiences, gimbal demand will rise. Drones also boost the gimbal market. Drone footage is stabilized by gimbals. Photography, videography, surveying, and delivery are driving the USD 52.8 billion global drone market by 2025. Surveying, delivery, and inspection use gimbals, increasing drone demand. Gimbals have durability and battery life issues. Outdoor use wears gimbals. Gimbals may be avoided due to durability and repair costs. During a shoot, gimbals' battery life can be hard to predict.

East Asia leads the gimbal market, followed by North America, Europe, Southeast Asia, and the world. China's high gimbal demand and government promotion of drones and gimbals help East Asia dominate. Professional videographers and vloggers using gimbals, early technology adoption, and high-quality video sharing platforms benefit North America. Europe wants better video quality, while Southeast Asia and the rest of the world want gimbals.

These companies invest in R&D to improve gimbal performance and features. They improve stabilisation, payload, battery life, and features like follow modes, time-lapse, and wireless connectivity. These companies also use pricing strategies to appeal to different consumer groups. After-sales services, warranty programmes, and customer support ensure customer satisfaction.To know about the Research Methodology :- Request Free Sample Report
Gimbal Market Research Methodology
The report on the Market covers an in-depth analysis of the industry. Key insights of the report include the Gimbal Market size and the growth rate. A thorough regional analysis of the Gimbal industry is conducted at a global, regional and country level. Such an analysis provides valuable information on market penetration, regional dominance and growth strategies adopted by the key players in the market. The major countries in each region are mapped according to their revenue contribution to the global Gimbal Market. To understand the competitive landscape of the Market, key players and new entrants in the market are listed. Growth indicators such as company profiles, revenue, and share, core competitors, recent developments, new growth strategies, technological advancements and mergers and acquisitions are covered. The report provides a competitive analysis of Gimbal Market drivers, restraints, opportunities, and growth strategies.

PESTLE, SWOT and Porter’s five forces were used for Gimbal industry analysis of the Market. Swot analysis is used to identify the strength and weaknesses of the market. The bottom-up approach was used to estimate the Gimbal Market size. The report includes the Market’s major strategic developments, comprising R&D, new product launches, M&A, partnerships, agreements, collaborations, joint ventures, and regional growth of the key competitors. The report includes an analysis of the global, regional and country levels.
Gimbal Market Dynamics
The increasing popularity of vlogging and other forms of mobile videography is a major driver of the gimbal market

Vlogging and mobile videography are driving the gimbal market. Vloggers and mobile videographers aim for smooth, shake-free footage to engage viewers. Gimbals use motors to stabilise footage and achieve this goal. The report predicts a $110.4 billion global vlogging market by 2028. YouTube and TikTok have made it easier for people to share their videos globally, which has contributed to this growth. As vlogging grows, so will gimbal demand. Gimbal sales reached $ 0.64 billion in 2022.

With a 5.6 % CAGR, it is expected to reach $ 0.94 million by 2029.Vlogging's popularity is driving the gimbal market, according to data and statistics. 500 million vloggers posted 12 videos per month in 2021. Vloggers average 1,000 subscribers and make $2,000 per month from their videos. These numbers show that vlogging is popular and profitable. Thus, as vloggers increase, so will gimbal demand. Vlogging, travel, and product videography are also driving the market. To capture the subject, these videos need smooth, shake-free footage. Mobile videographers across niches are increasingly using gimbals to achieve this goal.

The increasing demand for high-quality video content is driving the gimbal market

High-quality video content drives the gimbal market. Businesses and individuals are realising the power of video as a communication tool, and they want their videos to look professional. Smooth, shake-free footage from gimbals helps achieve this goal. Reports predict 1.8 zetta bytes of global internet traffic by 2022. Video content, the most popular on the internet, is driving this growth.

High-quality video content is driving the gimbal market, according to several statistics. 82% of companies marketed with video in 2021. Video viewing averaged 100 hours per month. Video content helps 92% of consumers make purchase decisions, and 70% of consumers trust brands that use it. These numbers show the video's marketing power. Thus, gimbal demand will rise as businesses use video content to reach and engage their audiences. Besides marketing, gimbals are used in entertainment, education, and healthcare. These industries use gimbals to make professional-looking videos that educate students, communicate with audiences, and provide medical care. This boosts gimbal demand across industries.

The Growing Popularity of Drones is another Major Driver of the Gimbal Market

Drones drive the gimbal market. Gimbals are needed to stabilise drone footage. Gimbals stabilise the camera even when the drone is moving, ensuring smooth, shake-free footage. Reports estimate the global drone market will be worth USD 52.8 billion by 2025. Drones for photography, videography, surveying, and delivery are driving this growth. Drone popularity is driving the gimbal market, according to several statistics. Drone enthusiasts and professionals used about 10 million drones worldwide in 2021. The average drone user spends $1,000 on drone-related products and services, demonstrating the market's economic potential. By 2025, the drone industry is expected to create 100,000 new jobs. The drone industry is growing rapidly, which drives gimbal demand. Surveying, delivery, and inspection use gimbals in addition to photography and videography. Gimbals stabilise drone cameras for mapping, logistics, and assessment applications. This boosts gimbal demand in drone applications.
Durability Restrains the Gimbal Market
Durability may limit gimbal market growth. Gimbals are used outdoors in harsh weather and rugged terrain, which wears them out. Professional videographers use gimbals extensively. They need reliable gimbals that can handle their profession. However, the growing market for gimbals has increased competition among manufacturers. Competition may lead manufacturers to cut costs, compromising product durability. These factors may make some gimbals too fragile for daily use. Thus, gimbal buyers may be wary if they doubt its durability.

Gimbal market durability concerns are supported by several facts. Gimbal users reported 25% first-year failures in a survey. This suggests that many gimbals may be fragile. Repairing a gimbal costs $100, while replacing it costs $200. These statistics show the costs of gimbal maintenance and replacement, which may deter buyers from purchasing fragile models. Consumers may be deterred from buying gimbals due to their poor durability and high repair and replacement costs. To overcome this challenge, manufacturers should prioritise robustness and reliability in their gimbal designs to reassure buyers about their product's durability and performance under demanding conditions.
Gimbal Market Segment Analysis 
Based on End Use Industry: The gimbal market is segmented into Consumer Electronics, Aerospace & Defense, Marine, Law Enforcement, Entertainment and Others. The film industry stands out as a major and highly profitable sector within the global entertainment landscape, churning out numerous films each year. Anticipated growth in the film and entertainment realm is expected to fuel demand for electronic gimbal systems, enabling the capture of flawless shots and videos. This surge in demand is largely propelled by the promising prospects of the industry, driven by increased production across various genres for both television and the big screen. Moreover, rapid technological advancements, shifts in business models, and evolving consumer behaviors have reshaped perceptions, experiences, and payment structures within the entertainment and media sphere.

Key market players in this industry are actively cultivating fan-centric businesses and brands to consistently deliver exceptional content. Consequently, significant investments are directed towards cutting-edge technologies and equipment such as computer-generated imagery (CGI), visual effects (VFX), and a diverse range of cameras and peripherals, including gimbal systems.
Gimbal Market Regional Insights:
North America held gimbal market share in 2023. Professional videographers and vloggers in the US and Canada use gimbals, driving the market growth. Gimbals are also in demand due to the region's early adoption of new technologies and the rise of high-quality video sharing on YouTube and Instagram.

Asia Pacific gimbal market held the second largest share in the global market in 2023. China's high gimbal demand explains this. DJI and Feiyu Tech make gimbals in China. The Chinese government's promotion of drones and gimbals for commercial and industrial use boosts market growth. Indonesia, Thailand, and Vietnam consumers and businesses prefer gimbals, driving the market growth. Rest of the World holds 10% of the market. India, Brazil, and Australia are adopting gimbals as video quality demands rise.

Several factors drive gimbal market growth. To stabilize drone footage, gimbals are needed. Businesses and individuals use gimbals to create high-quality videos due to consumer demand. Gimbals are now cheaper and more accessible to a wider audience. The market is projected to grow. New technologies may expand the market while the above driving factors persist. Demand from various industries and consumers will boost regional markets. East Asia, led by China, dominates the market. North America, Europe, Southeast Asia, and the world follow. Drone popularity, demand for high-quality video content, and falling costs drive market growth. Gimbal demand varies by region due to local factors.

Europe is the third-largest gimbal market share in the global market in 2023. This market segment is driven by European consumers’ and businesses' desire to improve video quality with gimbals.
Gimbal Market Competitive Landscape:
The gimbal market is competitive with several major players. DJI makes the most gimbals worldwide, smartphone, action, and DSLR gimbals. DJI gimbals are known for their quality and innovation. The DJI Ronin 4D, a groundbreaking gimbal for professional filmmakers and videographers, has a built-in 6K camera and a touchscreen display.

Another global gimbal manufacturer is Zhiyun. Zhiyun gimbals are affordable and easy to use. The compact Zhiyun Crane 3S has a long battery life. Amateur photographers and professional filmmakers use this gimbal. FeiyuTech, a Chinese gimbal manufacturer, is known for its high-quality, affordable gimbals. Their products perform well across camera types. Professional filmmakers and videographers using large cameras and lenses will love the FeiyuTech G6 Max, which can carry up to 10kg. Moza, another Chinese gimbal maker, has innovative features and a sleek design. Their gimbals work with various cameras and appeal to advanced content creators. Vloggers and other creators can wirelessly transmit their footage to smartphones or tablets with the Moza Air 2S, for example.

Freefly makes professional gimbals. Their products are known for their quality and durability in tough shooting conditions. Professionals film in extreme conditions with their Freefly Movi gimbal. German gimbal maker Rollei makes gimbals for various camera types. Rollei gimbals attract amateur photographers and videographers seeking portable and affordable stabilisation solutions. The Rollei Steadycam 3S has a foldable design and a built-in battery for portability.

Chinese camera maker Insta360 makes a One X2 gimbal. This compact gimbal enhances the Insta360 One X2 camera with smooth footage.Several factors drive the gimbal market. First, action cameras and smartphones, which are used to film sports videos and vlogs, increase demand for gimbals. Second, brushless motors, 3-axis stabilisation, and wireless connectivity improve footage and remote control. These features improve user experience and gimbal applications. Professional filmmaking and videography demand for gimbals drives market growth. Professionals use gimbals to film commercials, TV shows and films smoothly. Finally, VR and AR interest boosts the gimbal market. Technology, consumer preferences, and professional applications will drive the market's growth in the coming years.
Gimbal Market Scope: Inquire before buying



Global Gimbal Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 0.68 Bn.


Forecast Period 2024 to 2030 CAGR:
5.6%
Market Size in 2030:
US $ 1 Bn.


 Segments Covered:
By Type
2-Axis Gimbal
3-Axis Gimbal


By Application
Filmmaking
Extreme Sports
Mobile Phone
Camera
Others


By End Use Industry
Consumer Electronics
Aerospace & Defense
Marine
Law Enforcement
Entertainment
Others



Gimbal Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Gimbal Market Key Players:
The report details the Strategies adopted by the following key companies to sustain and grow in the market. These Gimbal Manufacturers covered in the report are selected on the basis of certain criteria.
1. DJI (Shenzhen, China)
2. Zhiyun (Shenzhen, China)
3. FeiyuTech (Shenzhen, China)
4. Moza (Shenzhen, China)
5. Freefly (San Francisco, CA, USA)
6. Rollei (Berlin, Germany)
7. Insta360 (Beijing, China)
8. EVO (Beijing, China)
9. Weebill (Shenzhen, China)
10. Smooth 4 (Shenzhen, China)
11. Drone Mobile (Los Angeles, CA, USA)
12. Omega (New York, NY, USA)
13. Camvate (Shenzhen, China)
14. GimbalPro (Shenzhen, China)
15. Syrp (Sydney, Australia)
16. Induro (Portland, OR, USA)
17. Benro (Beijing, China)
18. Manfrotto (Modena, Italy)
19. Opteka (Los Angeles, CA, USA)
20. ProMediaGear (Salt Lake City, UT, USA)
21. Glidecam (Santa Monica, CA, USA)
22. Tilta (Shenzhen, China)

FAQs:
1. What is a growth driver for the Gimbal Market?
Ans: The increasing popularity of vlogging and other forms of mobile videography is a major driver of the gimbal market

2. What is the major restraint for the Gimbal Market growth?
Ans: Durability and short battery life could restrain the gimbal market during the projected period

3. Which region leading the global Gimbal Market during the forecast period?
Ans: North America is the leading region for the global gimbal market according to the report

4. What is the projected market size & growth rate of the Gimbal Market?
Ans: The projected market size of the gimbal market is 1 Billion USD by the year 2030 with a CAGR of 5.6%.

5. What segments are covered in the Gimbal Market report?
Ans: Segments based on application, type, end-use industry, and region is been covered in the gimbal report.