The global Virtual Production market was valued at US$1,568.88 million in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 15% between 2022 and 2029. Significant increases in movie production budgets and the high usage of visual effects (VFX) in theatre, film, television, and video games are driving market growth.
Virtual Production uses VFX and other technologies that allow filmmakers to visualize digital scenes in three-dimensional (3D) graphics, realistic virtual characters, and a real-time virtual interactive background.
AgileIntel’s global Virtual Production market study is a 158 slide report containing in-depth analysis on historical and forecasted spending patterns in the sector. The study offers granular value data from a global, regional, production stage, and end-user perspective.
The base year is 2021 for the study with historical data between 2018 and 2021. The data forecast has been provided for the years between 2022 and 2029.
Figure 1: Global Virtual Production Market during 2018-2029 in US$ million
Key insights from the Global Virtual Production report
Insights on Production Stage:
The Virtual Production market is classified into pre-production, production, and post-production, based on the stages of production.
The post-production segment leads the Virtual Production market with over 52% revenue share in 2021, mainly due to its increasing importance in editing and collaborating post-shoot videos with graphics and VFX. The segment is expected to grow considerably during the forecast period as there is a constant rise in new video production projects on various video platforms globally. Additionally, the rising application of Virtual Production in commercial ads is expected to drive market growth during the forecast period.
The production segment is anticipated to grow considerably during the forecast years. Combining high-quality visual graphics with a 3D motion-captured imagery character is gaining traction and is likely to positively affect the market growth during the forecast period. By capturing an actor’s movements using virtual cameras, the videographers can show images of a character’s action on screen. The scene can be projected side by side in a realistic graphics environment generated through the computer or a live LED screen in the background.
Figure 2: Global Virtual Production Market by Production Stage in 2021
Insights on End-user:
The Virtual Production market is classified into movie, television, commercial advertisement, online videos, and others, based on end-users.
The movies segment held the largest market share of 29% in 2021. This can be attributed to a significant rise in movie production budgets and the extensive usage of VFX in movie studios globally. Moreover, the COVID-19 induced trend of broadcasting movies in over the top (OTT) platforms as opposed to cinema halls and multiplexes, is enabling filmmakers to reach a larger audience, which is subsequently driving the growth of the segment during the forecast period.
However, the television segment is anticipated to exhibit the fastest growth over the forecast period, mainly due to the growing penetration of smart televisions, which provide an integrated and interactive web experience for users. Therefore, technologies such as in-camera VFX and real-time performance capture, are no longer exclusively the preserve of big Hollywood studios but are also being used by many other creators.
The online video segment covers the broadcasting of web series over the online video platforms and the social media websites. The others segment includes gaming, automotive, and training and simulations.
Figure 3: Global Virtual Production Market by End-user in 2021
Insights on Regional Growth:
North America is unsurprisingly the largest market for virtual production with a 38% revenue share in 2021. The country was the first mover in this space and has benefited from the presence of not only some of the biggest production houses in the world but also other technology companies with significantly related R&D capabilities. Additionally, the growing popularity of VFX-based movie and television genres all around the world is anticipated to boost the market growth in the region.
Meanwhile, the Asia Pacific Virtual Production market is expected to register the highest CAGR of over 19% during the forecast period. Even though Hollywood remains the biggest player, much of the future growth is expected to come from countries such as India, China, Australia, Japan, and South Korea, who are increasingly using various Virtual Production technologies. Moreover, the increasing demand for online video streaming and the growing prevalence of on-demand video content across the APAC region is expected to drive market growth.
Figure 4: Global Virtual Production Market by Region in 2021
Insights on Key Markets:
The U.S. is the largest market for Virtual Production with market size of around US$350 million in 2021. The implementation of advanced VFX and Virtual Production technologies and the growing adoption of Virtual Production by movie studios, such as Viacom CBS, Walt Disney Studios, NBC Universal, and Warner Media, are expected to positively influence growth in the region.
The Virtual Production market in China was pegged at over US$130 million in 2021. The market is expected to grow rapidly during the forecast period, driven by Chinese production firms' growing adoption of the technology to reduce visual effects costs in the local productions.
Figure 5: Global Virtual Production Market by Key Countries in 2021
Market dynamics
Trends
Drivers
Opportunities
Challenges
Impact of COVID-19
The Virtual Production market has been positively affected because of the COVID-19 pandemic. As the COVID-19 global pandemic continues to induce physical movement and gathering restrictions, virtual production levels could become a competitive advantage for content creators.
The global outbreak has disrupted film and series production, and this pause in content creation leading to the non-availability of fresh content. Governments worldwide are carefully considering reopening after putting in place new safety measures. Virtual sets move crews from the risks of travel and on-location shooting to the controlled atmosphere of a sound stage, which is a safer way of video production. Digital character development and motion capture, enabled by Virtual Production technologies, could allow for totally remote productions during the pandemic period. However, as the restrictions ease, content production resumes, and the OTT platform is expected to become the preferred channel of new content release, thereby supporting growth in content consumption as well as the virtual production market growth.
Scope of the Global Virtual Production report
This report provides an analysis of the latest industry trends and estimates revenue growth at global, regional, and country levels. For this report, AgileIntel has segmented the global Virtual Production market report based on production stage,end-user, and region:
Insights on Production Stage(Revenue in US$million, 2018-2029)
Insights on End-user (Revenue in US$million, 2018-2029)
Insights on Regional market (Revenue in US$million, 2018-2029)
Table of Contents
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market Definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary Methodology
1.7 Data Collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 Impact
Chapter-2: Market Overview
2.1 Introduction
2.2 Covid impact on the market
2.3 Market Dynamics
2.3.1 Drivers
2.3.2 Restraints
2.3.3 Opportunities
2.3.4 Challenges
2.4 Key Players
2.5 Trends
2.6 Recent Developments
Chapter-3: Markets Analysis by End-User
3.1.1 Market overview, 2018-2029 (US$ million)
3.2.1 Virtual Production Market: Movie (US$ million)
3.3.1 Virtual Production Market: Television (US$ million)
3.4.1 Virtual Production Market: Commercial Advertisement (US$ million)
3.5.1 Virtual Production Market: Online Videos (US$ million)
3.6.1 Virtual Production Market: Others (US$ million)
Chapter-4: Markets Analysis by Production Stage
4.1 Virtual Production regional Market Production Stage composition
4.1.1 Virtual Production Market: Post-production (US$ million)
4.2.1 Virtual Production Market: Production (US$ million)
4.3.1 Virtual Production Market: Pre-production (US$ million)
Chapter-5: Regional Analysis
5.1 Market overview, 2018-2029
5.2.1 Market overview, 2018-2029 (US$ million)
5.3.1 Virtual Production Market: Asia Pacific (US$ million)
5.4.1 Virtual Production Market: North America (US$ million)
5.5.1 Virtual Production Market: Europe (US$ million)
5.6.1 Virtual Production Market: South America (US$ million)
5.7.1 Virtual Production Market: Middle East and Africa (US$ million)
Chapter-6: Regional Market Analysis by End-User
6.1 Virtual Production regional Market End-User composition
6.1.1 Virtual Production Market: APAC Movie (US$ million)
6.2.1 Virtual Production Market: APAC Television (US$ million)
6.3.1 Virtual Production Market: APAC Commercial Advertisement (US$ million)
6.4.1 Virtual Production Market: APAC Online Videos (US$ million)
6.5.1 Virtual Production Market: APAC others (US$ million)
6.6.1 Virtual Production Market: North America Movie (US$ million)
6.7.1 Virtual Production Market: North America Television (US$ million)
6.8.1 Virtual Production Market: North America Commercial Advertisement (US$ million)
6.9.1 Virtual Production Market: North America Online Videos (US$ million)
6.10.1 Virtual Production Market: North America others (US$ million)
6.11.1 Virtual Production Market: Europe Movie (US$ million)
6.12.1 Virtual Production Market: Europe Television (US$ million)
6.13.1 Virtual Production Market: Europe Commercial Advertisement (US$ million)
6.14.1 Virtual Production Market: Europe Online Videos (US$ million)
6.15.1 Virtual Production Market: Europe others (US$ million)
6.16.1 Virtual Production Market: South America Movie (US$ million)
6.17.1 Virtual Production Market: South America Television (US$ million)
6.18.1 Virtual Production Market: South America Commercial Advertisement (US$ million)
6.19.1 Virtual Production Market: South America Online Videos (US$ million)
6.20.1 Virtual Production Market: South America others (US$ million)
6.21.1 Virtual Production Market: Middle East and Africa Movie (US$ million)
6.22.1 Virtual Production Market: Middle East and Africa Television (US$ million)
6.23.1 Virtual Production Market: Middle East and Africa Commercial Advertisement (US$ million)
6.24.1 Virtual Production Market: Middle East and Africa Online Videos (US$ million)
6.25.1 Virtual Production Market: Middle East and Africa others (US$ million)
Chapter-7: Regional Markets Analysis by Production Stage
7.1 Virtual Production regional Market Production Stage composition
7.1.1 Virtual Production Market: APAC Post production (US$ million)
7.2.1 Virtual Production Market: APAC Production (US$ million)
7.3.1 Virtual Production Market: APAC Pre-production (US$ million)
7.4.1 Virtual Production Market: North America Post production (US$ million)
7.5.1 Virtual Production Market: North America Production (US$ million)
7.6.1 Virtual Production Market: North America Pre-production (US$ million)
7.7.1 Virtual Production Market: Europe Post production (US$ million)
7.8.1 Virtual Production Market: Europe Production (US$ million)
7.9.1 Virtual Production Market: Europe Pre-production (US$ million)
7.10.1 Virtual Production Market: South America Post production (US$ million)
7.11.1 Virtual Production Market: South America Production (US$ million)
7.12.1 Virtual Production Market: South America Pre-production (US$ million)
7.13.1 Virtual Production Market: Middle East and Africa Post production (US$ million)
7.14.1 Virtual Production Market: Middle East and Africa Production (US$ million)
7.15.1 Virtual Production Market: Middle East and Africa Pre-production (US$ million)
Chapter-8: Key Markets Analysis
8.1 Virtual Production key Market size composition
8.1.1 Market overview, 2018-2029 (US$ million)
8.2.1 Virtual Production Market: US, North America (US$ million)
8.3.1 Virtual Production Market: Canada, North America (US$ million)
8.4.1 Virtual Production Market: Mexico, North America (US$ million)
8.5.1 Virtual Production Market: Germany, Europe (US$ million)
8.6.1 Virtual Production Market: Italy, Europe (US$ million)
8.7.1 Virtual Production Market: France, Europe (US$ million)
8.8.1 Virtual Production Market: China, Asia Pacific (US$ million)
8.9.1 Virtual Production Market: India, Asia Pacific (US$ million)
8.10.1 Virtual Production Market: Japan, Asia Pacific (US$ million)
8.11.1 Virtual Production Market: Brazil, South America (US$ million)
8.12.1 Virtual Production Market: Argentina, South America (US$ million)
8.13.1 Virtual Production Market: Colombia, South America (US$ million)
8.14.1 Virtual Production Market: South Africa, Middle East and Africa (US$ million)
8.15.1 Virtual Production Market: UAE, Middle East and Africa (US$ million)
8.16.1 Virtual Production Market: Saudi Arabia, Middle East and Africa (US$ million)
Chapter-9: Company Profiles
9.1 Adobe
9.2 Arashi Vision Inc.
9.3 Autodesk Inc.
9.4 Epic Games, Inc.
9.5 HTC Corporation (VivePort)
9.6 HumanEyes Technologies,
9.7 Mo-Sys Engineering Ltd.
9.8 NVIDIA Corporation.
9.9 Pixar (The Walt Disney Company)
9.10 Technicolor
9.11 Vicon Motion Systems Ltd.
Appendix
Glossary of terms
Disclaimer
About Us
List of Tables
Table 1: By value: Virtual Production Market by End-User during 2018-2029 in US$ million
Table 2: By value: Virtual Production Market by region during 2018-2029 in US$ million
Table 3: By Value: key Virtual Production Markets in US$ million
List of Figures
Figure 1: By value: Virtual Production Market segment share during 2018-2029 in %
Figure 2: By value: Share of Movie in Phenol Market during 2018-2029 in %
Figure 3: By value: Movie in Virtual Production Market during 2018-2029 in US$ million
Figure 4: By value: Share of Television Market during 2018-2029 in %
Figure 5: By value: Television Market during 2018-2029 in US$ million
Figure 6: By value: Share of Commercial Advertisement Market during 2018-2029 in %
Figure 7: By value: Commercial Advertisement Market during 2018-2029 in US$ million
Figure 8: By value: Others Market during 2018-2029 in US$ million
Figure 9: By value: Share of Others Market during 2018-2029 in %
Figure 10: By value: Share of Post production Market during 2018-2029 in %
Figure 11: By value: Post production Market during 2018-2029 in US$ million
Figure 12: By value: Share of Production Market during 2018-2029 in %
Figure 13: By value: Production Market during 2018-2029 in US$ million
Figure 14: By value: Share of Pre-production Market during 2018-2029 in %
Figure 15: By value: Pre-production Market during 2018-2029 in US$ million
Figure 16: By Value: key regional Markets in US$ million
Figure 17: By value: Market region share during 2018-2029 in %
Figure 18: By value: Share of Asia Pacific Market during 2018-2029 in %
Figure 19: By value: Asia Pacific Market during 2018-2029 in US$ million
Figure 20: By value: Share of North America Market during 2018-2029 in %
Figure 21: By value: North America Market during 2018-2029 in US$ million
Figure 22: By value: Share of Europe Market during 2018-2029 in
Figure 23: By value: Europe Market during 2018-2029 in US$ million
Figure 24: By value: Share of South America Market during 2018-2029 in %
Figure 25: By value: South America Market during 2018-2029 in US$ million
Figure 26: By value: Share of Middle East and Africa Market during 2018-2029 in %
Figure 27: By value: Middle East and Africa Market during 2018-2029 in US$ million
Figure 28: By value: Share of APAC Movie Market during 2018-2029 in %
Figure 29: By value: APAC Movie Market during 2018-2029 in US$ million
Figure 30: By value: Share of APAC Television Market during 2018-2029 in %
Figure 31: By value: APAC Television Market during 2018-2029 in US$ million
Figure 32: By value: Share of APAC Commercial Advertisement Market during 2018-2029 in %
Figure 33: By value: APAC Commercial Advertisement Market during 2018-2029 in US$ million
Figure 30: By value: Share of APAC Online Videos Market during 2018-2029 in %
Figure 31: By value: APAC Online Videos Market during 2018-2029 in US$ million
Figure 32: By value: Share of APAC others Market during 2018-2029 in %
Figure 33: By value: APAC others Market during 2018-2029 in US$ million
Figure 34: By value: Share of North America Movie Market during 2018-2029 in %
Figure 35: By value: North America Movie Market during 2018-2029 in US$ million
Figure 36: By value: Share of North America Television Market during 2018-2029 in %
Figure 37: By value: North America Television Market during 2018-2029 in US$ million
Figure 38: By value: Share of North America Commercial Advertisement Market during 2018-2029 in %
Figure 39: By value: North America Commercial Advertisement Market during 2018-2029 in US$ million
Figure 40: By value: Share of North America Online Videos Market during 2018-2029 in %
Figure 41: By value: North America Online Videos Market during 2018-2029 in US$ million
Figure 42: By value: North America others Market during 2018-2029 in %
Figure 43: By value: North America others Market during 2018-2029 in US$ million
Figure 44: By value: Share of Europe Movie Market during 2018-2029 in %
Figure 45: By value: Europe Movie Market during 2018-2029 in US$ million
Figure 46: By value: Share of Europe Television Market during 2018-2029 in %
Figure 47: By value: Europe Television Market during 2018-2029 in US$ million
Figure 48: By value: Share of Europe Commercial Advertisement Market during 2018-2029 in %
Figure 49: By value: Europe Commercial Advertisement Market during 2018-2029 in US$ million
Figure 50: By value: Share of Europe Online Videos Market during 2018-2029 in %
Figure 51: By value: Europe Online Videos Market during 2018-2029 in US$ million
Figure 52: By value: Share of Europe others Market during 2018-2029 in %
Figure 52: By value: Europe others Market during 2018-2029 in US$ million
Figure 53: By value: Share of South America Movie Market during 2018-2029 in %
Figure 54: By value: South America Movie Market during 2018-2029 in US$ million
Figure 55: By value: Share of South America Television Market during 2018-2029 in %
Figure 56: By value: South America Television Market during 2018-2029 in US$ million
Figure 57: By value: Share of South America Commercial Advertisement Market during 2018-2029 in %
Figure 58: By value: Share of South America Commercial Advertisement Market during 2018-2029 in US$ million
Figure 59: By value: Share of South America Online Videos Market during 2018-2029 in %
Figure 60: By value: South America Online Videos Market during 2018-2029 in US$ million
Figure 61: By value: Share of South America others Market during 2018-2029 in %
Figure 62: By value: South America others Market during 2018-2029 in US$ million
Figure 63: By value: Share of Middle East and Africa Movie Market during 2018-2029 in %
Figure 64: By value: Middle East and Africa Movie Market during 2018-2029 in US$ million
Figure 65: By value: Share of Middle East and Africa Television Market during 2018-2029 in %
Figure 66: By value: Middle East and Africa Television Market during 2018-2029 in US$ million
Figure 66: By value: Share of Middle East and Africa Commercial Advertisement Market during 2018-2029 in %
Figure 67: By value: Middle East and Africa Commercial Advertisement Market during 2018-2029 in US$ million
Figure 68: By value: Share of Middle East and Africa Online Videos Market during 2018-2029 in %
Figure 69: By value: Middle East and Africa Online Videos Market during 2018-2029 in US$ million
Figure 70: By value: Share of Middle East and Africa others Market during 2018-2029 in %
Figure 71: By value: Middle East and Africa others Market during 2018-2029 in US$ million
Figure 72: By value: Share of APAC Post production Market during 2018-2029 in %
Figure 73: By value: APAC Post production Market during 2018-2029 in US$ million
Figure 74: By value: Share of APAC Production Market during 2018-2029 in %
Figure 75: By value: APAC Production Market during 2018-2029 in US$ million
Figure 76: By value: Share of APAC Pre-production Market during 2018-2029 in %
Figure 77: By value: APAC Pre-production Market during 2018-2029 in US$ million
Figure 78: By value: Share of North America Post production Market during 2018-2029 in %
Figure 79: By value: North America Post production Market during 2018-2029 in US$ million
Figure 80: By value: Share of North America Production Market during 2018-2029 in %
Figure 81: By value: North America Production Market during 2018-2029 in US$ million
Figure 82: By value: Share of North America Pre-production Market during 2018-2029 in %
Figure 83: By value: North America Pre-production Market during 2018-2029 in US$ million
Figure 84: By value: Share of Europe Post production Market during 2018-2029 in %
Figure 85: By value: Europe Post production Market during 2018-2029 in US$ million
Figure 86: By value: Share of Europe Production Market during 2018-2029 in %
Figure 87: By value: Europe Production Market during 2018-2029 in US$ million
Figure 88: By value: Share of Europe Pre-production Market during 2018-2029 in %
Figure 89: By value: Europe Pre-production Market during 2018-2029 in US$ million
Figure 90: By value: Share of South America Post production Market during 2018-2029 in %
Figure 91: By value: South America Post production Market during 2018-2029 in US$ million
Figure 92: By value: Share of South America Production Market during 2018-2029 in %
Figure 93: By value: South America Production Market during 2018-2029 in US$ million
Figure 94: By value: Share of South America Pre-production Market during 2018-2029 in %
Figure 95: By value: South America Pre-production Market during 2018-2029 in US$ million
Figure 96: By value: Share of Middle East and Africa Post production Market during 2018-2029 in %
Figure 97: By value: Middle East and Africa Post production Market during 2018-2029 in US$ million
Figure 98: By value: Share of Middle East and Africa Production Market during 2018-2029 in %
Figure 99: By value: Middle East and Africa Production Market during 2018-2029 in US$ million
Figure 100: By value: Share of Middle East and Africa Pre-production Market during 2018-2029 in %
Figure 101: By value: Middle East and Africa Pre-production Market during 2018-2029 in US$ million
Figure 102: By Value: key Virtual Production regional Markets in US$ million
Figure 103: By value: Share of US Market during 2018-2029 in %
Figure 104: By value: US Market during 2018-2029 in US$ million
Figure 105: By value: Share of Canada Market during 2018-2029 in %
Figure 106: By value: Canada Market during 2018-2029 in US$ million
Figure 107: By value: Share of Mexico Market during 2018-2029 in %
Figure 108: By value: Mexico Market during 2018-2029 in US$ million
Figure 109: By value: Share of Germany Market during 2018-2029 in %
Figure 110: By value: Germany Market during 2018-2029 in US$ million
Figure 111: By value: Share of Italy Market during 2018-2029 in %
Figure 112: By value: Italy Market during 2018-2029 in US$ million
Figure 113: By value: Share of France Market during 2018-2029 in %
Figure 114: By value: France Market during 2018-2029 in US$ million
Figure 114: By value: Share of China Market during 2018-2029 in %
Figure 115: By value: China Market during 2018-2029 in US$ million
Figure 116: By value: Share of India Market during 2018-2029 in %
Figure 117: By value: India Market during 2018-2029 in US$ million
Figure 118: By value: Share of Japan Market during 2018-2029 in %
Figure 119: By value: Japan Market during 2018-2029 in US$ million
Figure 120: By value: Share of Brazil Market during 2018-2029 in %
Figure 121: By value: Brazil Market during 2018-2029 in US$ million
Figure 122: By value: Share of Argentina Market during 2018-2029 in %
Figure 123: By value: Argentina Market during 2018-2029 in US$ million
Figure 124: By value: Share of Colombia Market during 2018-2029 in %
Figure 125: By value: Colombia Market during 2018-2029 in US$ million
Figure 126: By value: Share of South Africa Market during 2018-2029 in %
Figure 127: By value: South Africa Market during 2018-2029 in US$ million
Figure 128: By value: Share of UAE Market during 2018-2029 in %
Figure 129: By value: UAE Market during 2018-2029 in US$ million
Figure 130: By value: Share of Saudi Arabia Market during 2018-2029 in %
Figure 131: By value: Saudi Arabia Market during 2018-2029 in US$ million
Figure 131: Adobe
Figure 132: Arashi Vision Inc.
Figure 133: Autodesk Inc.
Figure 134: Epic Games, Inc.
Figure 135: HTC Corporation (VivePort)
Figure 136: HumanEyes Technologies,
Figure 137: Mo-Sys Engineering Ltd.
Figure 138: NVIDIA Corporation.
Figure 139: Pixar (The Walt Disney Company)
Figure 140: Technicolor
Figure 141: Vicon Motion Systems Ltd.
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
Report Parameters | Details |
---|---|
Time Period Considered | 2018-2029 |
Historical Period | 2018-2021 |
Forecast Period | 2022-2029 |
Units considered | Revenue in US$ million |
Report Coverage | Value/Revenue forecast, competitive landscape, drivers, challenges, opportunities, and trends |
COVID-19 | Impact of the COVID-19 pandemic has been factored in the revenue estimations, trends, and drivers |
Segments | By Production Stage By End-User By Region |
Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
Companies Profiled | Adobe, Arashi Vision Inc., Autodesk Inc., Epic Games, Inc., HTC Corporation (VivePort), HumanEyes Technologies, Mo-Sys Engineering Ltd., NVIDIA Corporation., Pixar (The Walt Disney Company), Technicol |
The global Virtual Production market size was estimated at US$1,568million in 2021 and is expected to reach US$1,792million in 2022.
The global Virtual Production market is expected to grow at a compound annual growth rate of 15% from 2022 to 2029 to reach US$5,490million by 2029.
North America dominated the Virtual Production market with a share of 38% in 2021. This can be attributed to the early adoption of virtual production technologies in the region.
The movies segment held the largest market share of 29% in 2021. This can be attributed to a significant rise in movie production budgets and the extensive usage of VFX in movie studios globally.
Some key players operating in the Virtual Production market includeAdobe, Arashi Vision Inc., Autodesk Inc., Epic Games, Inc., HTC Corporation (VivePort), HumanEyes Technologies, Mo-Sys Engineering Ltd., NVIDIA Corporation., Pixar (The Walt Disney Company), Technicolor, Vicon Motion Systems Ltd. among others.
Key factors that are driving Virtual Production include the growing demand for VFX technologies across all end-user groups and the cost-effectiveness of virtual production solutions.
Tel: +91-8106852663
Ackruti Trade Centre, Kondivita, Andheri East,
Mumbai, 400093, India
Suite 1A, Level 2, 802 Pacific Highway
Gordon NSW 2072, Australia
1818 Library Street Suite 503, Reston,
VA 20190, USA