Film And Video Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The film and video market size has demonstrated robust growth in recent years, climbing from $285.62 billion in 2023 to $304.17 billion in 2024, reflecting a notable compound annual growth rate (CAGR) of 6.5%. The historic period’s expansion can be attributed to the increased number of television channels, growing internet penetration, a surge in technology, media, and entertainment (TME) mergers, the global growth in population, rapid urbanization, and robust economic growth in emerging markets. Looking ahead to 2028, the market is expected to witness strong growth, reaching $390.76 billion with a sustained CAGR of 6.5%. Contributing factors include a rising demand for video content, increased utilization of social media platforms, digitization, and a surge in mobile video viewing. Major trends in the forecast period encompass the integration of autonomous drones aiding film and video production, advancements in 3D previsualization, motion capture technology, virtual production, the adoption of 4K technology, and the flourishing presence of streaming and on-demand platforms.
Mobile video viewing has witnessed a substantial surge in recent years and is poised for further expansion throughout the forecast period. This upswing is primarily fueled by the escalating internet penetration and the proliferation of smartphone usage globally. As of 2022, Marketsplash reported that an impressive 3 billion online users, on average monthly, have engaged with video content. Notably, mobile devices command an astonishing 90% share of all video views. Projecting forward, this rapid uptick in mobile video consumption is anticipated to be a key catalyst propelling the film and video market in the years to come. The 2023 and 2024 market sizes underscore the robust growth, setting the stage for a continued upward trajectory in this dynamic landscape.
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What Are The Key Trends That Influence Film And Video Market Share Analysis?
Autonomous drones are gaining popularity among film and video makers as they enhance the viewing experience by being cost-effective, lightweight, and reducing risks associated with cranes and cable cams. These drones, equipped with multiple rotors, high-resolution cameras, and algorithms, offer a 360-degree recording experience with minimal human intervention. Major companies offering autonomous drones include DJI, Parrot, Yuneec, Kespry, Insitu, and EHANG.
Which Market Players Are Driving Growth In The Film And Video Market?
Major companies operating in the market are The Walt Disney Company, WARNER BROS. DISCOVERY, INC, Comcast Corporation, Paramount Global, Vivendi SA, Sony Corporation, Financière de l’Odet, ITV Plc, Lions Gate Entertainment, FUJI MEDIA HOLDINGS INC, CCCFilms, Nice Films, Luminary Visuals, Redgate Rentals China, Teneighty Productions Limited, BrickLayer Productions, Shanghai Film Group, Changchun Film Group, Huaxia Film Distribution Company Ltd, DMG Entertainment, Bona Film Group, Huayi Brothers Media Group, Yash Raj Films, UTV Motion Pictures limited, Eros International, Dharma Productions, Red Chilies Entertainment, Vinod Chopra Productions private limited, Rajshri Productions, Balaji Motion Pictures, Mozmene, Gaofeng Creative, SomniumFilm, BluBlu Studios, iFiLM France, Renata Pepper, Froggie Production, SHOTZ PRODUCTION, Watchmen Production, Television Interactive Network Agency, ROCC Film Berlin, Aardman Animation, Baby Cow Productions, Ninjapromo, Magneto Films, Bohemian Pictures, Barrandov Studio, Starlite Pictures, Andy Fiord Production, Saint Petersburg Production Team, Family Film Romania, Mbrella Films, Insight Film Studios, Blueprint Entertainment, Muse Entertainment, Maple Pictures, Alliance Films, Seville Pictures, TVA Films, Columbia Pictures, Universal Pictures, 20th Century Fox, Amblin Partners, STX Entertainment, DreamWorks Pictures, Metro-Goldwyn Mayer(MGM), ViacomCBS, Digital FX, Beel Films, Story Productions, 80 Days Films Argentina, 7 Seas Production, Five Corners Film & Video LLC, Vandalo, Altana Films, Jacaranda Films, Doleep Studios, TheCompanyFilms, Zaini Media, Film District Dubai, Four Quadrant Films, Nice Software Solutions Pvt Ltd, Street Inc, AFLAM Productions, Play Media Productions, ALMONTAGE, Miraj Media, The Idea Factory Films, Insight Studios, Silver Grey Picture and Sound, Dunia Production, Silvergreen Productions, Team Trust Productions, Crow Productions, Hive Studio, Beverly Boy Productions, MASR media production, Birthmark Films, Rock Media Production, Icon Studio, Kennysoft Studios, Eaxum, Film Factory, Mixit Creative Media, Astral Studios, Six Degrees Productions, Agent Orange Design, MAGNETIC Global, MajestiX Studio, Red Rabbit Media, The Gate Films, Blink Tower, Incubate Video Productions, Black Light Productions
How Is The Global Film And Video Market Segmented?
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
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The Film And Video Global Market Report 2024 provides an overview of the film and videomarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The film and video market forecast analyzes film and video market size, film and video market share, leading competitor and their market positions.
The Table Of Content For The Film And Video Market Include
1. Film And Video Market Executive Summary
2. Film And Video Market Segments
3. Film And Video Market Size And Template Market Growth Rate
4. Key Film And Video Market Trends
5. Major Film And Video Market Drivers
……
25. Key Mergers And Acquisitions In The Film And Video Market
26. Top Film And Video Companies
27. Film And Video Market Opportunities And Strategies
28. Film And Video Market, Conclusions And Recommendations
29. Appendix
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