The Canadian audiovisual and broadcasting sector has experienced varied growth patterns over recent years. Key data points include a pre-pandemic average growth rate (CAGR) of 4-5% and a significant decline in 2020 with a -17.45% year-on-year drop. The industry rebounded strongly in 2021 with a 13.99% increase, reaching a projected value of 23.98 Billion CAD in 2023. Looking ahead, the forecasted 5-year CAGR stands at 2%, indicating moderate growth toward a value of 27.2 Billion CAD by 2028.
Future trends include the acceleration of digital transformation, increased consumer demand for content streaming, and investments in original Canadian productions. Policy shifts and technological advancements like AI and VR integration may further influence industry growth.
