The Asia Pacific Virtual Production Market would witness market growth of 14.9% CAGR during the forecast period (2020-2026). Virtual production means the utilization and integration of visual effects (VFX) and technology during the production life cycle. This process is not precisely new; though, there are trends increasing Hollywood’s augmented interest and implementation of the process. The outbreak of COVID-19 presented unparalleled challenges to the production cycle, so it becomes necessary to learn virtual production and its capabilities could turn into a major differentiator for content creators.
Creative leaders in film and web series have proved that how virtual production can give wonderful outputs. Visualization, hybrid camera, motion capture, and LED live-action are virtual production techniques associated with the toolset of modern content creation. With every latest technology, there is an initial learning graph, but the expenses of implementation will eventually reduce over time.
With the introduction of artificial intelligence and machine learning, virtual production technology has shown significant improvements in the quality of computer-generated graphics. With the integration of advanced technologies in virtual production, filmmakers are able to create more advanced computer graphic characters by using facial-capture training data that can transform visuals into real-time characters. Moreover, AI and machine learning features are expected to further improve the quality of visual effects and streamline the design process of a 3D model. Further, the increasing applications of AI in content creation for three-dimensional texturing, action simulation, and post-process motion-capturing data are anticipated to result in the development of innovative visual effect software functions in the next few years.
Based on Component, the market is segmented into Software, Hardware and Services. Based on Type, the market is segmented into Post-production, Production and Pre-production. Based on End User, the market is segmented into Movie, TV Series, Commercial Ads, Online Videos and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Virtual Production Market in Asia Pacific is expected to register a CAGR of 14.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adobe, Inc., Autodesk, Inc., HTC Corporation, NVIDIA Corporation, 360Rize, Arashi Vision, Inc. (Insta360), Epic Games, Inc., HumanEyes Technologies, Ltd. (Vuze Camera), Mo-Sys Engineering, Ltd., and Boris FX, Inc.
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