The production of audiovisual and broadcasting in Canada experienced varying growth between 2013 and 2028. The industry saw a steady increase from 2013 to 2019, interrupted by a significant downturn in 2020, likely due to global disruptions. This was followed by a robust recovery in 2021 but showed a slight decline in 2022 and modest growth of 1.86% in 2023, reaching 26.63 billion Canadian dollars. The forecasted data from 2024 to 2028 anticipates continued growth at a slower average year-on-year rate of 1.43%, leading to a total increase of 7.34% over five years.
Key future trends to watch for include:
- Increased investment in digital and streaming platforms.
- Government policy shifts affecting funding and production incentives.
- Technological advancements in content creation and distribution.
- Changes in consumer viewing habits and preferences.
