(EnergyIndustry.Net, August 29, 2023 ) As per Maximize Market Research, a global business research and consultancy firm, the total market for “Gimbal” was USD 0.64 Bn in 2022 and is expected to grow at a CAGR of 5.6 percent over the forecast period to reach USD 0.94 Bn by 2029.
The report includes Gimbal Market segment trends, technology, and investment, as well as a competitive landscape. It includes statistics, various trends, drivers, opportunities, restraints, and every minute data relating to the Gimbal Industry necessary for forecasting its revenue. MMR’s expert analysts used extensive primary and secondary research methodologies to collect data for the Gimbal Market report.
The market is primarily driven by the growing popularity of vlogging and other forms of mobile videography with high-quality content. The growing drone industry is also driving the market. Gimbals are highly needed to stabilize drone footage. In the future, the demand for gimbals is expected to increase businesses are increasingly using video content to reach and engage their audiences.
Gimbal Market Regional Insights
In 2022, the North America Gimbal Market held 25 percent of the global share. The regional market is majorly driven by the increasing use of gimbals by professional videographers and vloggers in the US and Canada.
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Drone Light Shows Market - The market size is expected to reach USD 14.14 billion by 2029 at a CAGR of 18.26 percent during the forecast period.
Camera Lens Market - The market size is expected to reach USD 8.2 billion by 2029 at a CAGR of 7.3 percent during the forecast period.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.