Virtual Production Market Poised for 20% CAGR Growth to $7B by 2029, Driven by Movies and Asia Pacific Expansion
• Virtual production market projected to grow at 19.98% CAGR from 2022-2029, reaching $7.13 billion by 2029 • Integration of real-time rendering and VR driving market expansion • Movies segment thriving due to demand for VFX and use in commercial advertising • Asia Pacific retaining stronghold, fueled by growth in entertainment and media • Key developments include new products like Mo-Sys StarTracker Max and Boris FX Silhouette/Mocha Pro