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Camera Stabilizer Market: Segmented: by Application Type (Action Camera,DSLR, Cinema Camera, and Smartphones); By Type (Hand Held and Body Mounted); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Camera Stabilizer Market to surpass USD 6 Billion by 2030, which is valued at 3.6 billion in 2019 at a compound annual growth rate of 4.80%
A camera stabilizer is a camera device designed to hold the camera in a position that enables the prevention of unnecessary movement to make smooth photos and videos possible for a cameraman. Originally, camera stabilizers were used by the press & broadcast industry and skilled photographers; however, their growing importance has become popular among small movie producers, online content creators, and even among frequent customers. The main purpose of the device is to provide stability and the cameraman can make the camera steady by attaching it to his body for better movement capability. It consists of batteries, PCB, sensors, cables, and other electronic products. It has become increasingly popular in sports and other entertainment sectors owing to its properties such as portability, lightweight, and less cost.
According to the report, the growth can be attributed due to the advent of rising Video content creators. Rapid technological developments, customer preferences, and business models have changed how consumers want and pay for entertainment and media. Leaders in this sector have concentrated on developing companies and brands that rely on engaged fans and have created excellent content.
Stabilizers are used for filming smooth videos with movie cameras. Throughout the media and entertainment sector, the use of cinema cameras has a strong impact. Entertainment industry professionals tend to capture events and movies with high-quality video cameras. Cinema cameras and camera stabilizers are becoming more and more commonly available through the ever-growing demand and availability of high-end technical cinema cameras.
The global Camera Stabilizer market is segmented by type into Hand-Held and Body Mounted This segment is anticipated to hold the largest share as Handheld stabilizers are comparatively lighter in weight and are easily portable. Also, filming and action shooting industries commonly use these kinds of stabilizers.
Greater demand
Enhanced technology in camera stability offers not only the improvement in the base feature but also builds up the existing technology. It provides additional features, such as modular camera stabilization and the implementation of a gyroscope for future development. Therefore, the adoption of camera stabilizers with practical cameras for smartphones will also provide growth opportunities for the market on the global level.
Rising content creators
The growth can be attributed due to the advent of rising Video content creators which is a result of internet penetration. Customer preferences and business models have changed how consumers want and pay for entertainment and media. Leaders in this sector have concentrated on developing companies and brands that rely on engaged fans and have created excellent content.
Covid-19 Pandemic
One of the important factors restricting their market growth, particularly in developing countries is the emergence of COVID-19. This has disrupted all activities in the entertainment industry including TV broadcasts and sports. Many countries are facing the restriction imposed by the government and are avoiding shooting to follow the social distancing norms. Even the travel restriction imposed by the nations has made it difficult for vloggers and other content creators to move freely. This has disrupted the tourism sector and the end-user industry vertical thereby decreasing the demand for Camera stabilizers.
Europe was the largest market accounting for XX% of the total market volume share in 2019
Europe led the global market for biodegradable mulch films with XX% of the overall demand in 2019. The United Kingdom, Russia, and Germany are three of Europe's major market share contributors. European filmmakers have expanded their budgets with new technology. Europe's video streaming market is rising at 3 percent, with average user revenue of USD XXXX. In the regional market for electronic camera stabilizers, the growth of the video-sharing industry should be significant.
In North America, throughout the projected period, the USA will be the leading contributor to the demand of camera stabilizers this is due to the increased penetration of smart devices such as smartphones, video camera, and other digital devices which have increased consumer spending on camera stabilizers and thus fueling the regional demand.
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