The global camera stabilizer market grew at a CAGR of around 6% during 2014-2019. Camera stabilizer, also known as stabilizing mount, is a device designed for providing stability amidst camera movements while shooting an image or a video. It is a vital equipment used in the media and broadcast industry during the production of films, music videos, documentaries, and various other entertainment forms. Camera stabilizers allow smoother shots along with offering high integrity and compatibility with zoom controllers, transmitters and other camera control devices. Furthermore, it helps in reducing stress and tiredness on arms by eliminating the chances of muscle cramping during filming. Owing to this, camera stabilizers are commonly used with smartphones, cinema cameras, DSLRs, underwater cameras, action cameras, etc.
The rising demand for camera stabilizers can be attributed to the rising production of various genres of video content in the media and entertainment sector. Furthermore, the escalating popularity of the film industry has fostered an increase in the creativity levels of cinematography, which has raised the expectation of capturing imaginative shots with perfect motion. Several professional photographers are inclined towards specific and advanced equipment such as camera stabilizers, for capturing precise shots. Apart from this, improving internet connectivity along with rising exposure to social media platforms has increased the competition among content creators for providing premium quality videos and images. Additionally, the evolution of the global media and entertainment industry with the rising adoption of 4K, 6K and 8K resolution technologies also catalyzes the market for camera stabilizers. The emergence of modular stabilizers, gyroscope, etc., along with other technological advancements is also expected to provide good opportunities for market growth in the coming years. Looking forward, IMARC Group expects the global camera stabilizer market to be negatively impacted by the Covid-19 epidemic in 2020. From 2021 onwards, however, the market is expected to recover and exhibit moderate growth during 2021-2025.
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The competitive landscape of the industry has also been examined with some of the key players being Camera Motion Research, Freefly Systems, FeiyuTech, Glidecam Industries Inc., Glide Gear, Gudsen Technology Co. Ltd., Ikan Corporation, Movo, Neewer, Pilotfly GmbH, Roxant, Tiffen Company, VariZoom, etc.
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