Global Virtual Production Market Size & Outlook, 2023-2030

The virtual production industry worldwide is expected to reach a projected revenue of US$ 6,785.1 million by 2030. A compound annual growth rate of 18.2% is expected of the worldwide virtual production industry from 2024 to 2030.

Revenue, 2023 (US$M)
$2,108.1
Forecast, 2030 (US$M)
$6,785.1
CAGR, 2024 - 2030
18.2%
Report Coverage
Worldwide

Global virtual production market highlights

  • The global virtual production market generated a revenue of USD 2,108.1 million in 2023 and is expected to reach USD 6,785.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 18.2% by 2030.
  • In terms of segment, software accounted for a revenue of USD 880.5 million in 2023.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.


Global data book summary

Market revenue in 2023USD 2,108.1 million
Market revenue in 2030USD 6,785.1 million
Growth rate18.2% (CAGR from 2023 to 2030)
Largest segmentSoftware
Fastest growing segmentServices
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services


Other key industry trends

  • In terms of revenue, the North America accounted for 36.5% of the global virtual production market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 1,235.3 million by 2030.

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Virtual Production Market Scope

Virtual production market segmentation & scope
Hardware
Software
Services
Pre-Production
Production
Post-Production
Movie
Television
Commercial Ads
Online Videos
Others

Virtual Production Market Companies

Name Profile # Employees HQ Website

Global virtual production market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to virtual production market will help companies and investors design strategic landscapes.


Software was the largest segment with a revenue share of 41.77% in 2023. Horizon Databook has segmented the Global virtual production market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


The traditional media production process is highly linear, with cinematographers and directors scene planning, VFX creation and editing, and casts assembled on set. Preproduction, production, and postproduction with a one-way flow can lead to adverse outcomes like fix-it-in-post approach, expensive reshoots and redundant VFX work.


Virtual production sanctions production houses to initiate VFX work in preproduction, making digital materials accessible for planning and shooting and letting them fine-tune the final result throughout the production process. Virtual production is an expansion of the traditional filmmaking playbook, consenting studios to tryout more while keeping production time and cost under control.

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Target buyers of Global virtual production market databook

  • Our clientele includes a mix of virtual production market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global virtual production market , including forecasts for subscribers. This global databook contains high-level insights into Global virtual production market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global virtual production market size, by regions, 2018-2030 (US$M)

Top 10 countries: Virtual production market size, 2023 (US$M)

Global virtual production market share, by component, 2023 & 2030 (%, US$M)

Virtual Production Market: Opportunity Assessment By Country

Global virtual production market, by region, 2023 (US$M)

Global virtual production market size, by regions, 2018-2030 (US$M)

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