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3D Animation Industry in Depth Research on Market Dynamics, Emerging Growth Factors, Investment Feasibility, Huge Growth till 2022 | Corona-Virus Impact

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Ehtesham Peerzade

Market Highlights

Several factors are noted to have a positive impact on the ascension of the 3D animation market over the coming years. The integration of visual effects technology in movies is one of the most primary applications of 3D animation, which has supplemented market growth over the last few years and is observed to continue doing so. Moreover, increasing demand for 3D visualization, 3D gaming, and 3D mobile applications are some of the reasons why the market is anticipated to grow at a rapid pace. A growing trend in digital marketing is leading to faster adoption of 3D animation projects as companies want to explain their product or service in an easier and better manner. Rising demand for 3D animation software for creating 3D animation movies is also driving the global market.

3D animation refers to objects and humans moving in real-time as compared to 2D animation which lacks depth. It relies on popular methods such as keyframing, motion capture, and kinematics to give the illusion of motion. The global 3D animation market report by Market Research Future (MRFR) outlines the latest trends and opportunities within the sector owing to continuous developments in 3D software.

Major Key players

  • Image Metrics
  • Adobe Systems Inc.
  • Pixologic Inc.
  • Autodesk
  • The Foundry VisionMongers Ltd.
  • Autodesk Inc.
  • SideFx Software
  • Trimble Navigation Ltd.
  • Corel Corporation
  • Maxon Computer
  • NVIDIA Corporation

Regional Analysis:

The global 3D animation industry has been segmented, by religion, into North America, South America, Europe, the Middle East & Africa. Improvement in the adoption of 3D gaming, 3D visualization, and 3D mobile applications are some of the factors that are estimated to contribute to regional or global growth. These regional segments include North America, Europe, the Middle East & Africa, Latin America, and Asia Pacific. North America boasted a shareholding of 42.1% of the market at the beginning of the year. The region was valued at USD 4,991.7 million in the base year. North America’s 3D animation market is estimated to swell at 13.6% CAGR during the forecast period.

On the other hand, the second-largest regional market is anticipated to be Asia Pacific, as per the report analytics.  At the beginning of the forecast period, Asia Pacific accounted for 32% share of the 3D animation market. It bragged a valuation of USD 3799.95 million in 2017. The APAC 3D animation market is anticipated to register the highest CAGR of 16.5% from 2018 through 2024.

Segmentation:

The global 3D animation market is segmented by software, service, hardware, and end-user.

By software, it is segmented into software development kit (SDK) and plug-in software.

By service, it is segmented into consulting, integration & deployment, and support & maintenance.

By hardware, it is segmented into motion capturing systems, workstation, and video cards and GPU. The video cards and GPU segment are envisaged to exhibit a high growth rate owing to the need for hardware for supporting latest games on consoles and personal computers. Furthermore, advances in video cards assist in rapid rendering of images while maintaining quality.

By end-user, it is segmented into healthcare, architecture, and media & entertainment. The media & entertainment segment is expected to regain their large market share till 2022. On the other hand, healthcare and architecture sectors can induce high demand from the 3D animation market owing to the use of the visual style for explaining complex concepts. Doctors and specialists use 3D effects for essaying novel surgical methods or the effects of new drugs to board members of hospitals with ease.

Also Read: https://www.marketwatch.com/press-release/apac-3d-animation-market-under-severe-influence-of-covid-19-3d-animation-market-size-share-growth-trends-and-emerging-opportunities-2020-06-05?mod=mw_quote_news 

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