Outlook on the Virtual Production Global Market to 2028 - Size, Share & Trends Analysis Reports - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Virtual Production Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Type, By End User (Movie, TV Series, Commercial Ads, Online Videos), By Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global virtual production market size is expected to reach USD 4.71 billion by 2028. The market is anticipated to register a CAGR of 16.7% from 2021 to 2028.

Companies Mentioned

• 360 Rize
• Adobe
• Arashi Vision Inc. ( Insta 360)
• Autodesk Inc.
• BORIS FX, INC
• Epic Games, Inc.
• HTC Corporation (VivePort)
• HumanEyes Technologies
• Mo-Sys Engineering Ltd.
• NVIDIA Corporation.
• Panocam3d.com
• Pixar (The Walt Disney Company)
• Side Effects Software Inc (SideFX)
• Technicolor
• Vicon Motion Systems Ltd

The rising popularity of virtual production in the media and entertainment industry, combined with its capabilities to create high definition visuals and real-time virtual environments, is the key factor propelling the growth of the market.

The technology enables filmmakers to reduce the demand for on-set production teams and crew members by integrating virtual background environments with live-action footage. This allows for a significant reduction in video production costs. Furthermore, technological advancements in virtual production help broadcasters improve their operational efficiency with the least physical presence of technicians in the broadcasting room.

For instance, in March 2020, Sky Sports implemented a virtual production suite, which has enabled its teams to create content and stream it remotely. The suite connected 48 virtual workstations and an equal number of direct-to-workstation connections for remote editing, simultaneous live programming, and the distribution of live clippings directly on social media platforms. Although virtual production can produce a film with better visuals and low production costs, it also poses some challenges, especially arising from the lack of training and experience among industry professionals.

With the advent of artificial intelligence, virtual production technology has witnessed significant improvements in the quality of its computer-generated graphics. Design and visualization of all complex scenes in a three-dimensional model have also become convenient, which can be further edited and reviewed in a real-time environment. The technology is positively impacting the market by reducing the burden of transportation and logistics costs of crew members and equipment. It enables filmmakers to capture on-set live-action scenes through simul-cams or virtual cameras and seamlessly merge computer-generated 3D graphic elements with the film's live shooting footage to conclude with the final visual effects.

Artificial intelligence facilitates pre-production support that helps to accelerate video production work. In the previous decade, pre-production works heavily relied on unstructured box office data and limited demographic information related to viewers, leading to the development of less engaging video content. However, now artificial intelligence can generate insights from large data sets collected from various platforms to understand the proposed content's acceptance and interest.

Virtual Production Market Report Highlights

• In terms of end-user, the movie segment is expected to contribute a significant amount of revenue to the market over the forecast period. The growth can be attributed to the rising demand for visual effects and a three-dimensional model in movies.
• In terms of components, the software segment is expected to grow at a significant CAGR owing to the inclusion of artificial intelligence. The inclusion is expected to improve the performance of animation and graphics quality.

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Virtual Production Market Variables, Trends & Scope

3.1 Market Segmentation & Scope

3.2 Virtual Production - Value Chain Analysis

3.3 Market Dynamics

3.3.1 Market Drivers

3.3.1.1 Rising demand of visual effects in movie production across the globe

3.3.1.2 Growing implementation of LED wall technology

3.3.1.3 Increasing application of virtual production in commercial ads

3.3.2 Market Restraints

3.3.2.1 Lack of skilled professionals

3.3.2.2 High capital expenditure for initial set-up

3.4 Industry Analysis - Porter's

3.5 Key Opportunities -Prioritized

3.6 Virtual Production Market-Key Company Analysis, 2020

3.6.1 key company analysis, 2019

3.6.2 list of key market players

3.7 Virtual Production - PEST Analysis

Chapter 4. Virtual Production: Component Outlook

Chapter 5. Virtual Production: Type Outlook

Chapter 6. Virtual Production: End-User Outlook

Chapter 7. Virtual Production: Regional Outlook

Chapter 8. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/67nlk8