Film And Video Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Film And Video by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Film And Video, The film and video market size has grown strongly in recent years. It will grow from $285.62 billion in 2023 to $304.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased numbers of television channels, increasing internet penetration, increase in tme (technology, media and entertainment) mergers, growth in world population, rapid urbanization and strong economic growth in emerging markets.

The film and video market size is expected to see strong growth in the next few years. It will grow to $390.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising demand for video content, rising use of social media platforms, digitization and increase in mobile video viewing. Major trends in the forecast period include autonomous drones aiding film and video production, 3d previsualization, motion capture technology, virtual production, 4k technology and streaming and on-demand platforms.

Mobile video viewing has increased significantly in recent years and is expected to grow further during the forecast period. This is mainly driven by the rise in internet penetration and growth in smartphone usage. For instance, according to Marketsplash, a US-based company that offers services for digital marketing, design, and online publication, approximately 3 billion online users have seen or watched video content on average monthly by 2022. Mobile devices account for an astounding 90% of all views of videos. Thus, a rapid increase in mobile video consumption is expected to drive the film and video market during the forecast period.

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The film and video market covered in this report is segmented –

1) By Type: Film And Video Production, Film And Video Distribution, Post-Production Services, Film And Video Theatres, Other Film And Video Industries

2) By Genre: Action, Horror, Comedy, Documentary, Drama, Others

3) By Application: Film Company, Film Studio, Other Applications

Autonomous drones are becoming popular among mainstream and indie film and video makers as they enhance film viewing experience cost-effective, lightweight, and reduce risks associated with cranes and cable cams during filmmaking. Autonomous drones are flying gadgets equipped with multiple rotors, built-in high-resolution cameras, and algorithms for capturing videos and pictures. It offers a 360-degree experiential recording experience with minimum human intervention. They are used to capture aerial shots, taking footage and images without having a cameraman on an actual helicopter. For instance, Major companies offering autonomous drones are DJI, Parrot, Yuneec, Kespry, Insitu, and EHANG.

The film and video market report table of contents includes: