China Virtual Production Market Size & Outlook, 2023-2030
China virtual production market, 2018-2030 (US$M)
Related Markets
China virtual production market highlights
- The China virtual production market generated a revenue of USD 178.7 million in 2023 and is expected to reach USD 622.2 million by 2030.
- The China market is expected to grow at a CAGR of 19.5% 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.
Virtual production market data book summary
| Market revenue in 2023 | USD 178.7 million |
| Market revenue in 2030 | USD 622.2 million |
| Growth rate | 19.5% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 8.5% of the global virtual production market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China virtual production market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 507.1 million by 2030.
Software was the largest segment with a revenue share of 41.75% in 2023. Horizon Databook has segmented the China virtual production market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The highest CAGR is projected in the APAC region. The formalization of expert services in animation and VFX has received significant attention to support the rapidly expanding media & entertainment sector. The center for VFX artists has developed in Singapore and New Zealand.
These nations have a thriving ecology of animation and visual effects institutions that provide advanced education across many fields. The demand for animation and VFX is also driving the consumption of more immersive content across multiple platforms, particularly in China during the projection period. These platforms include head-mounted devices, iPads, cellphones, and ultra-high-definition TVs.
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Virtual Production Market Scope
Virtual Production Market Companies
| Name | Profile | # Employees | HQ | Website |
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China virtual production market size, by component, 2018-2030 (US$M)
China Virtual Production Market Outlook Share, 2023 & 2030 (US$M)
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