Handheld gimbal stabilizers Market Size, Share, Growth, and Industry Analysis, By Type (Smartphones, DSLRs, Cinema Cameras, Action Cameras, Underwater Cameras), By Application (Commercial, personal, others), Regional Forecast By 2031

Updated On: 01 April 2024

Handheld gimbal stabilizers Market Report Overview

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The global Handheld gimbal stabilizers market size was USD 178.6 million in 2022, as per our research, the market is expected to reach USD 243.8 million in 2031, exhibiting a CAGR of 3.5% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the Handheld gimbal stabilizers Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Handheld gimbal stabilizers are devices used in photography and videography to stabilize the camera and produce smoother, more stable footage. They consist of a handle and a gimbal, which is a pivoting mechanism that allows the camera to remain level and stable even when the handle is moved or rotated. The gimbal stabilizes the camera by counteracting any unwanted movements or vibrations, such as shaking or jostling, that can occur while filming.

Handheld gimbal stabilizers are typically used with a smartphone, action camera, or mirrorless camera, and are commonly used for capturing video while walking, running, or engaging in other types of motion. They are popular among vloggers, filmmakers, and content creators who want to produce high-quality, professional-looking videos.

COVID-19 Impact: Pandemic decreased the Market Demand

The handheld gimbal stabilizer market has been impacted by the COVID-19 pandemic in several ways. The pandemic has caused disruptions in the supply chain, decreased demand, and impacted consumer behavior. One of the major effects of the pandemic on the market has been a decline in demand for handheld gimbal stabilizers, particularly in the early stages of the pandemic when lockdowns and social distancing measures were enforced. Many people were unable to travel and shoot videos, which led to a decrease in the demand for handheld gimbal stabilizers. This decline in demand has resulted in a decrease in sales and revenue for manufacturers. Another impact of the pandemic on the market has been disruptions in the supply chain.

Latest Trends

"Increasing demand for compact and lightweight stabilizers to Fuel Market Growth."

Consumers are looking for portable and easy-to-use handheld gimbal stabilizers that can be carried around easily. As a result, manufacturers are producing more compact and lightweight stabilizers that are suitable for use with smartphones and action cameras. Many handheld gimbal stabilizers are now being designed to work seamlessly with smartphones and other devices. They may come with companion apps that allow users to control the camera settings, zoom in and out, and perform other functions.

Handheld gimbal stabilizers Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into, smartphones, DSLRS, cinema cameras, action cameras, underwater cameras

• By Application Analysis

Based on application, the market can be divided into, Commercial, Personal, Other

Driving Factors

"Increased use of Artificial intelligence to stimulate market demand"

Some handheld gimbal stabilizers are now equipped with AI-powered features that can automatically detect and track subjects, stabilize footage, and adjust settings based on the environment. With the increasing demand for longer shooting times, manufacturers are producing handheld gimbal stabilizers with extended battery life. Some models can provide up to 12 hours of continuous use on a single charge. Some manufacturers are now offering modular handheld gimbal stabilizers that can be customized to suit different types of cameras and shooting scenarios. This allows users to switch out components as needed and adapt the stabilizer to their specific needs. These factors are driving the handheld gimbal stabilizers market growth rapidly.

Restraining Factors

"Competition from other stabilization solutions to restrict the market growth"

Competition from other stabilization solutions: While handheld gimbal stabilizers are a popular choice for stabilizing footage, there are other solutions available on the market, such as electronic image stabilization (EIS) and optical image stabilization (OIS). These technologies are often integrated into smartphones and other devices, which can reduce the demand for standalone handheld gimbal stabilizers.

Handheld gimbal stabilizers Market Regional Insights

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"A strong presence of leading manufacturers in North America has boosted Handheld gimbal stabilizers Market share"

 North America has a strong presence of leading manufacturers of handheld gimbal stabilizers such as DJI, Zhiyun, and FeiyuTech. These companies have a significant market share in the region and are investing in research and development to improve the performance and functionality of their products. This is driving demand for high-quality handheld gimbal stabilizers products and thus increasing handheld gimbal stabilizers market share in the region.

Key Industry Players

"Adoption of Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Hohem Technology (China)
• EVO Gimbals (U.S.)
• Feiyu technology (China)
• ZHIYUN Tech (China)
• Glidecam Industries (U.S.)
• Gudsen Technology (China)
• Ikan International (U.S.)
• SZ DJI Technology (China)

Report Coverage

This report examines an understanding of the Handheld gimbal stabilizers market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.