Phone Tripod Market Report 2024

This Phone Tripod market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The phone tripod market size has grown rapidly in recent years. It will grow from $3.05 billion in 2023 to $3.35 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth during the historic period can be attributed to the increasing demand for high-quality visual content, the rising trend of remote work and online communication, growing internet usage, the expansion of e-commerce channels, and the increasing popularity of content creation on platforms such as YouTube and Instagram.

The phone tripod market size is expected to see rapid growth in the next few years. It will grow to $4.94 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth during the forecast period can be attributed to the rapid increase in smartphone sales, expanding internet access, a rising number of travelers and food bloggers, a growing demand for professional 4K video capture, and the continued trend of remote work and online communication. Major trends expected include technological advancements, new product launches for phone tripods, versatile tripods with multifunctional features such as integrated lights and AI-driven stabilization, designs focused on portability for users on the go, recent innovations, and more compact and pocket-sized versions of phone tripods.

The growing demand for smartphones is likely to drive the expansion of the phone tripod market. Smartphones, which combine mobile phone functions with advanced computing capabilities, have seen rapid sales growth due to factors such as increased internet access, affordability, diverse pricing options, shifting consumer behaviors, and fashion trends. Phone tripods enhance smartphone usability for photography and videography, appealing to content creators and increasing the attractiveness of these devices. For example, in February 2024, Uswitch Limited, a UK-based financial conduct authority, reported that mobile connections in the UK had risen to 71.8 million, marking a 3.8% increase (about 2.6 million connections) from 2021. By 2025, with an estimated 68.3 million people living in the UK, 95% (approximately 65 million) are expected to own smartphones. Thus, the surge in smartphone demand is expected to boost the phone tripod market.

The increase in remote work is expected to drive the growth of the phone tripod market in the coming years. Remote work refers to a work arrangement that allows employees to carry out their job responsibilities from locations outside of a traditional office, often utilizing digital communication tools for collaboration and task management. The rise in remote work is largely fueled by technological advancements that facilitate flexible work arrangements and a growing demand for work-life balance among employees. In this context, tripods are essential for stabilizing cameras and mobile devices during video conferencing and content creation, ensuring steady, high-quality visuals for virtual meetings and presentations. For instance, in September 2023, the Australian Institute of Health and Welfare, a government agency in Australia, reported that by April 2022, 46% of individuals had worked from home at least once a week in the previous four weeks. Thus, the expansion of remote work is propelling the growth of the phone tripod market.

Key players in the phone tripod market are focusing on developing smart modular solutions, such as AI-powered smartphone tripods, to attract tech-savvy users, differentiate their products, and drive market growth. These AI-powered tripods offer advanced features such as face-tracking and 360° rotation without the need for apps, Wi-Fi, or Bluetooth, enhancing the precision of video and photo captures. For example, in July 2022, Hohem Technology, a China-based camera equipment manufacturer, introduced the Hohem Go. This AI-powered 360° smartphone tripod operates independently of apps, Wi-Fi, or Bluetooth. It features dual motors for quiet 360° rotation, auto-tilt up to 30°, and built-in face-tracking, making it ideal for content creators and video calls. Weighing just 300g, the Hohem Go is portable and versatile, with a 2000mAh battery providing up to 10 hours of use. It includes gesture control and can be used on tables or mounted on traditional tripods, offering privacy as it does not require connectivity for operation.

Major companies operating in the phone tripod market are Samsung Electronics Co. Ltd., Canon Inc., Nikon Corporation, Hama GmbH & Co KG, Vanguard World LLC, Manfrotto Ltd, Targus Corporation, Peak Design LLC, Gitzo S.A., The Tiffen Company LLC, Ravelli, SLIK Corporation, K&F Concept, Cullmann GmbH, Sirui Optical Co. Ltd., Benro BV, Neewer Technology Co. Ltd., Velbon Corporation, MeFOTO, Guangdong Fotopro Optics Technology Co. Ltd., ZOMEI, Promaster, Triopo, 3 Legged Thing.

North America was the largest region in the phone tripod market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phone tripod market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the phone tripod market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A phone tripod is a three-legged stand designed to stabilize and hold smartphones during photography or video recording. It provides a steady base that reduces shake, resulting in sharper images and smoother videos. Phone tripods are widely used by photographers, vloggers, and individuals seeking enhanced stability and precision for capturing photos and videos with their smartphones.

The main types of phone tripods include traditional, tabletop, and flexible. Tabletop tripods are compact and portable, intended for use on flat surfaces such as desks or tables, making them ideal for self-portraits, video recording, and stable shooting in various settings. Phone tripods come with connectivity options categorized as wireless or wired and are available in size ranges such as up to 10 inches, 11-20 inches, 21-30 inches, and above 30 inches. They are sold through specialty stores, online retailers, department stores, supermarkets, and other outlets.

The phone tripod market research report is one of a series of new reports that provides phone tripod market statistics, including phone tripod industry global market size, regional shares, competitors with an phone tripod market share, detailed phone tripod market segments, market trends and opportunities, and any further data you may need to thrive in the phone tripod industry. This phone tripod market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The phone tripod market consists of sales of portable tripods, professional tripods, universal phone tripods and smartphone mounts, and integrated phone cases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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