Technology and Media - Market Research Report

  Movies and Video Industry Data Book | Forecast 2030 The movies and video industry was estimated at 159.43 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 28.1% from 2023 to 2030. The video production market has seen many transformations over the years. Rapid innovations in video production technology have been made each year, with constant research and development. For instance, from evolutions in aerial video shooting using drones to 4K video production and virtual reality, video production technology has witnessed considerable technological advancements. The trend of using drones and aerial videography has gained popularity in the movies & video industry. Drones consist of a steady camera that provides non-constrained usable footage that can be used for several purposes. Aerial photography has paved the way for drone technology in the video production industry for leisure and business purposes. Also, high-end aerial photography has become m