Mexico Virtual Production Market Size & Outlook, 2023-2030
Mexico virtual production market, 2018-2030 (US$M)
Related Markets
Mexico virtual production market highlights
- The Mexico virtual production market generated a revenue of USD 84.8 million in 2023 and is expected to reach USD 251.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 16.8% 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 84.8 million |
| Market revenue in 2030 | USD 251.2 million |
| Growth rate | 16.8% (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, Mexico accounted for 4.0% 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 North America, U.S. virtual production market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 763.8 million by 2030.
Software was the largest segment with a revenue share of 41.75% in 2023. Horizon Databook has segmented the Mexico virtual production market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico-based production company XR Tales, Brainstorm recently provided, connected, and regulated a virtual production solution based on InfinitySet for Guadalajara city. By purchasing the system and implementing and improving their process, XR Tales establishes itself as the virtual production studio in Mexico and places themselves among the leading Latin American audiovisual production firms.
Prominent usage of Virtual Production in movie or song making is augmenting the virtual production market growth over the forecast period. For instance, Ultimatte 12 and Unreal Engine are used by Mexico's XR Tales in their AR Jotdog virtual creations.
The music video for the song Catástrofes Perfumadas by the Mexican pop band Jotdog uses the Ultimatte 12 compositing processor from the immersive technology company XR Tales in Mexico.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Virtual Production Market Scope
Virtual Production Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico virtual production market size, by component, 2018-2030 (US$M)
Mexico Virtual Production Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
