You probably come across time lapse footage in promotional videos and there is plenty about being shot on phone cams but is there a market for good quality ones? They can be time consuming and if you shoot landscape it is down to the element which means you can go on for days if not weeks to capture the right condition.
Why not shoot time lapse using a GoPro Hero 4 Black? 4K video and simultaneous 12MB stills are possible. If you provide it with an external USB power supply it can take 9000+ still images at various preset intervals to a 64GB microSD card. You can even have it WiFi connect to your phone, computer or iPad etc. for remote control if you need to put it in an inaccessible place.
I have just bought one to 'play' with and it is an excellent camera even though it only has a fixed wide-angle lens.
I said "is there a market for good quality ones?" which means do clients buy time lapse footage on its own? I know about them being used to form part of promotional videos, that is the people making the video also created the time lapse. I have not yet come across filmmakers who make promo videos actively seek to purchase time lapse footages, so this and amongst others I want to ask.
Is good quality time lapse exclusively a recreational hobby or is there are a market?
There's a market insofar as it's a common technique in many adverts and documentaries etc. As pointed out, it's relativrlt easy to achieve now too. The issue would be being able to produce something relevant or entertaining in a cost effective way that's marketed to appear relevant or profitable to your client - like video or stills really. My guess is that the technique is probably best as a hobby unless you're a video or documentary maker already. If not, yuod have to make some very specific footage to impress a prospective client and prove its pertinence to their business etc - after all, we've all seen the general technique thousands of times.
The past few days I actually found a paid stock video website that consist of a few time lapse so I guess there is some kind of a market but still I'm hesitance to say if that is economically viable enough at least for generic ones. I've not heard many if any clients specifically ask for time lapse either no matter how much they might be vowed by really good ones. I guess time lapse is still considered mostly as a piece of artistic work.
It's quite common I believe for major construction projects to have timelapse, after all their budgets can run into £billions so a few £thousand on promotional footage of the construction taking place is peanuts.
On a construction site given the pace of progress it would have to be something like a CCTV. I can see scientific application were speeding up fungus growth, etc, are made possible. I suppose you can use timelapse to promote your portfolio to potential clients but timelapse specific request I feel is still rare.