The production of audiovisual and broadcasting in Mexico grew steadily from 2013 to 2020, with some fluctuations influenced by external factors. Notable growth periods include 2015 and 2017, with year-on-year increases of 8.81% and 8.83% respectively. The sector experienced a decline in 2020 due to the global pandemic, but it recovered quickly in 2021, showing an increase of 11.15%. As of 2023, the value stood at 173.03 billion Mexican Pesos.
In the forecast period from 2024 to 2028, the annual growth rate is expected to average at 2.33%, with a total growth of 12.21% over the five years. This indicates a slower but steady increase compared to previous years.
Future trends to watch for:
- Adoption of new broadcasting technologies and digital platforms.
- Impact of regulatory changes and government policies on the sector.
- Shifting consumer preferences towards on-demand and streaming services.
- International collaborations and content production targeting a global audience.