The global gyro cameras are anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The increasing application of gyro cameras in sports such as cricket, golf, tennis, and others owing to increasing participation in sports disciplines is anticipated to drive the growth of the market. According to Australia Cricket Census 2020, approximately 709,957 participants registered in various programs, including club cricket, indoor cricket, and organized school competitions. Moreover, the Woolworths Cricket Blast participation increased to 59,300 participants, junior Club Cricket grew to 8,500 in teams for boys aged 12 and under and female participants grew to 76,400, registering an increase of 11.4% from 2019. In addition, as per the data published by National Gold Foundation, approximately 24.8 million people played golf in the US in 2020. Also, nearly 37.5 million people in the US played golf in 2021. Out of these 25 million people played on a golf course and 12.4 million participated in off-course golf. Moreover, 25.0% of on-course golfers are women. Females represent a higher percentage of beginners (37.0%), juniors (36.0%), and off-course participants (44.0%).
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The growing media and entertainment industry is anticipated to drive the growth of the global gyro camera market. According to the data published by India Brand Equity Foundation (IBEF) in2022, as of 2020, India registered 803 million online video viewers, including streaming services and videos on free platforms such as Youtube. Mobile viewers stood at 356 million in 2020, driven by the rising number of users preferring video content. Moreover, the Animation, Visual Effects, Gaming, and Comics (AVGC) sector is growing at a rate of 29.0%. Further, the digital advertising sector is projected to reach $3.09 billion in 2022 from 2.47 billion in 2021. The FDI inflows in the information and broadcasting sector stood at $9.6 billion between April 2000- December 2021. In addition, the government has increased the FDI limit from 74.0% to 100.0% for the media and entertainment industry. Thus, these factors are anticipated to drive the demand for the global gyro camera market during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Trimble Inc., Udirc Inc., and Yuneec International among others
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Gyro Cameras Market Report by Segment
By Type
- Drone Gyro Cameras
- Regular Gyro Camera
By End-User
- Athletes
- Adventure Seekers
- Filmmakers
- Security Agencies
- Broadcasting Companies
- Others
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