The production of audiovisual and broadcasting in Belgium demonstrated fluctuations between 2013 and 2023, reaching a value of 4.86 billion Euros in 2023. The highest growth rates occurred in 2015 (4.57%) and 2021 (25.23%), while the most significant decline was in 2020 (-16.04%), influenced by the pandemic. The CAGR over the last five years was 2.5%, indicating moderate growth despite past volatility.
Future trends to watch for:
- Steady growth: Forecasted data suggests the industry will continue to grow, reaching 5.3 billion Euros by 2028 with a 5-year CAGR of 1.36%.
- Technological advancements: Innovations such as AI and VR could further drive industry evolution and new content formats.
- Regulatory changes: Future European and local regulations might impact production and broadcasting operations.
