Film & Video Market: Surging to $390.76B by 2028 with Explosive Growth Driven by Mobile Video Consumption and Autonomous Drones

The film and video market size has grown strongly in recent years. It will grow from $285.62 billion in 2023 to $304.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased numbers of television channels, increasing internet penetration, increase in tme (technology, media and entertainment) mergers, growth in world population, rapid urbanization and strong economic growth in emerging markets.

The film and video market size is expected to see strong growth in the next few years. It will grow to $390.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising demand for video content, rising use of social media platforms, digitization and increase in mobile video viewing. Major trends in the forecast period include autonomous drones aiding film and video production, 3d previsualization, motion capture technology, virtual production, 4k technology and streaming and on-demand platforms.

Market Overview -
A film refers to a collection of moving pictures that are displayed on a screen and generally have sound to tell a story. Video refers to a recording of a movie or television show that may be seen on a television.

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Explosive Growth In Mobile Video Consumption Fuels Film And Video Market Expansion
Mobile video viewing has increased significantly in recent years and is expected to grow further during the forecast period. This is mainly driven by the rise in internet penetration and growth in smartphone usage. For instance, according to Marketsplash, a US-based company that offers services for digital marketing, design, and online publication, approximately 3 billion online users have seen or watched video content on average monthly by 2022. Mobile devices account for an astounding 90% of all views of videos. Thus, a rapid increase in mobile video consumption is expected to drive the film and video market during the forecast period.

Competitive Landscape -
Major companies operating in the film and video market report 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

Soaring Influence Of Autonomous Drones In Film And Video Production
Autonomous drones are becoming popular among mainstream and indie film and video makers as they enhance film viewing experience cost-effective, lightweight, and reduce risks associated with cranes and cable cams during filmmaking. Autonomous drones are flying gadgets equipped with multiple rotors, built-in high-resolution cameras, and algorithms for capturing videos and pictures. It offers a 360-degree experiential recording experience with minimum human intervention. They are used to capture aerial shots, taking footage and images without having a cameraman on an actual helicopter. For instance, Major companies offering autonomous drones are DJI, Parrot, Yuneec, Kespry, Insitu, and EHANG.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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