The 3D Animation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 3D Animation Global Market Report 2024, The 3D animation market size has grown rapidly in recent years. It will grow from $22.5 billion in 2023 to $24.89 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to growing demand in entertainment industry, expanding applications in healthcare and education, globalization of animation studios, cost efficiency in production, diversification of application areas.
The 3D animation market size is expected to see rapid growth in the next few years. It will grow to $38.69 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to emergence of real-time 3D animation, expanding use cases in simulation and training, increasing adoption in e-learning and virtual events. Major trends in the forecast period include immersive technologies integration, real-time rendering advancements, cloud-based animation services, AI and machine learning integration.
The growing adoption of visual effects technology in movies as well as the media and entertainment sector across the globe is contributing to the growth of the market. Visual effects (VFX) and 3D animation in filmmaking refer to the fabrication or manipulation of any on-screen imagery that does not exist physically in real life. Filmmakers can use visual effects to make places, objects, creatures, and even people that would be hard or impossible to film in a live-action setting. For instance, according to Invest India, an Indian national investment promotion and facilitation agency, India’s Media and Entertainment industry is expected to grow to $55-70 Bn by 2030 at 10-12% CAGR, led by OTT, Gaming, Animation and VFX. Therefore, the growing adoption of visual effects technology in movies is expected to propel the 3D animation market growth in the near future.
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The 3D animation market covered in this report is segmented –
1) By Deployment Mode: On-Premise, Cloud
2) By Technique Type: 3D Modeling, Motion Graphics, 3D Rendering, Visual Effects
3) By Service: Consulting, Support And Maintenance, Integration And Deployment, Education And Training
4) By End Use: Media And Entertainment, Architecture And Construction, Education And Academics, Manufacturing, Healthcare And Life Sciences, Government And Defense, Others End-Uses
Major companies operating in the 3d animation market are focusing on advanced solutions, such as AI technology, to meet the demand for more efficient and realistic animation experiences. AI technology refers to systems or machines designed to simulate human intelligence processes, including learning, reasoning, and problem-solving. For instance, in June 2021, Adobe, a US-based software company, launched Substance 3D tools that take advantage of AI technology for immersive creation. The tools are aimed at making more realistic special effects, gaming, and entertainment imagery. Substance 3D provides the cutting-edge technology that veteran 3D artists require while making the medium accessible for new 3D enthusiasts.
The 3d animation market report table of contents includes:
1. Executive Summary
2. 3D Animation Market Characteristics
3. 3D Animation Market Trends And Strategies
4. 3D Animation Market – Macro Economic Scenario
5. Global 3D Animation Market Size and Growth
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26. South America 3D Animation Market
27. Brazil 3D Animation Market
28. Middle East 3D Animation Market
29. Africa 3D Animation Market
30. 3D Animation Market Competitive Landscape And Company Profiles
Top Major Players:
- NVIDIA Corporation
- Adobe Inc
- Autodesk Inc
- Trimble Inc
- Unity Technologies SF
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