Asia Pacific Virtual Production Market Size & Outlook
Asia Pacific virtual production market, 2018-2030 (US$M)
Related Markets
Asia Pacific virtual production market highlights
- The Asia Pacific virtual production market generated a revenue of USD 554.2 million in 2023.
- The market is expected to grow at a CAGR of 20.1% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 554.2 million |
| Market revenue in 2030 | USD 2,000.1 million |
| Growth rate | 20.1% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Adobe Inc, AGC Inc, Autodesk Inc, Epic Corp, HTC, NVIDIA Corp, The Walt Disney Co, Grom Social Enterprises Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.3% of the global virtual production market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,000.1 million by 2030.
Software was the largest segment with a revenue share of 41.77% in 2023. Horizon Databook has segmented the Asia Pacific virtual production market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific regional market is anticipated to witness significant traction over the forecast period. The growth is attributable to one of the highest implementing rates of virtual production technology in film studios in Australia, China, Japan, South Korea, and India, the major countries that drive the demand for virtual production technologies.
The Asia Pacific regional market is anticipated to witness significant traction over the forecast period. The growth is attributable to one of the highest implementing rates of virtual production technology in film studios in Australia, China, Japan, South Korea, and India, the major countries that drive the demand for virtual production technologies.
Additionally, these features are anticipated to streamline the design process of a 3D model and improve the quality of visual effects. The rising applications of artificial intelligence in content creation for 3D simulation, texturing, and post-production motion-capturing data are projected to advance state-of-the-art visual effect software functions in the coming years.
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Virtual Production Market Scope
Virtual Production Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific virtual production market size, by country, 2018-2030 (US$M)
Asia Pacific Virtual Production Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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