The Asia Pacific Mobile Gimbal Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
Smartphone cameras have advanced significantly in the previous 10 years in terms of better pixels and clarity. Smartphones are becoming a plausible option for various filmmaking processes as sensor and lens technology improves. The gimbal market demand is anticipated to go north because of the industry's healthy expansion.
Smartphone cameras are often used for vlogging, content production, YouTube video creation, and other activities due to their improved quality and mobility. However, these technological advancements face the issue of shaky pictures and unstable movies, which gimbals may solve. These devices are widely accessible to the general public since they are not the manufacturer- or model-specific for smartphones. Despite the user's movement, the gadget maintains camera stability.
East Asia has overtaken the rest of the world as the largest regional market for laptops, primarily due to China's rapidly expanding workforce and increasing levels of digitalization. Another aspect of the industry's large scale is the strong demand in South Korea, Taiwan, and Japan. It is predicted that the government's actions to lower the amount of tax paid on the importation of replacement parts would benefit this industry. Smartphone sales are expected to rise due to increased government programs like Made in China 2025, Make in India, and Digital India, as well as expanding foreign direct investment in e-commerce and retail. Over the projection period, the market for mobile gimbal will be expected to grow significantly in tandem with the rising use of smartphones.
The China market dominated the Asia Pacific Mobile Gimbal Market by Country 2,021, and would continue to be a dominant market till 2,028; thereby, achieving a market value of $59.9 million by 2028. The Japan market is estimated to grow a CAGR of 6.2% during (2022-2028). Additionally, The India market would experience a CAGR of 7.5% during (2022-2028).
Based on Type, the market is segmented into Wireless Remote Control, Bluetooth Enabled and Foldable. Based on Price Point, the market is segmented into Low/Economic Range, Premium Range and Medium Range. Based on Stabilization Type, the market is segmented into 2-axis Stabilization and 3-axis Stabilization. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Mobile Gimbal Market is Projected to reach USD 716.1 Million by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited), Guilin Zhishen Information Technology Co., Ltd., EVO Gimbals, Feiyu Technology Incorporated Co., Ltd, Zhongshan Kingjoy Photographic Equipment Co., Ltd., Gudsen Technology Co., Ltd., Movo Photo Group LLC, Snoppa Technology Co., Ltd., Hohem Technology Co., Ltd., and SHAPE wlb Inc.
By Type
By Price Point
By Stabilization Type
By Distribution Channel
By Country
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