As of 2024, the value added by motion picture, video, and TV programme production in Canada is projected at 5.43 billion Canadian dollars. Over the forecasted period to 2028, this sector is anticipated to exhibit steady growth, reaching 6.12 billion Canadian dollars. Reviewing the year-on-year variations, the expected percentage increases are: 3.3% in 2025, 3.0% in 2026, 2.9% in 2027, and 2.9% in 2028. The compound annual growth rate (CAGR) for this period stands at approximately 3.0%.
Future trends to watch for:
- Potential shifts in consumer preferences for digital versus traditional TV content could influence production focus and value addition.
- Technological advancements such as AI and virtual reality may further impact production techniques and efficiency.
- Policy changes or funding initiatives from the Canadian government may also affect industry dynamics and growth trajectories.
