3d Animation Market Is Anticipated To Continue Throughout The Forecast Period

 3D Animation Industry Overview

The global 3D animation market size is expected to reach USD 51.03 billion by 2030, according to the latest report by Grand View Research, Inc. The market is expected to register a CAGR of 12.1% from 2022 to 2030. The rising demand of consumers for realistic and appealing content has made the public embrace 3D animation technology, leading to increased demand for technology. The growing acceptance of technology for visual effects in movies and the increasing demand for high-quality animation by customers drive the global market.

 

The adoption of 3D animation technology, also known as Computer Generated Imagery (CGI), significantly increased in the media and entertainment industry, owning to the deployment of Visual Effects (VFX) by animators, movie makers, and game player developers. Various technological advancements are driving the market, so technological advancements in the television and communication industries are the key driver for global market growth. Key driving factors for the increase in the animation market are- emphasis on quality HD videos, technology, and multiple usages of 3D animation.The combination of Artificial Intelligence (AI) and 3D animation technology has made the process of stimulation quick and effortless. 

3D Animation Market Segmentation

Grand View Research has segmented the global 3D animation market based on technique, component, deployment, end-use, and region:

Based on the Technique Insights, the market is segmented into 3D Modeling, Motion Graphics, 3D Rendering, and Visual Effects.

  • The 3D modeling segment accounted for the largest revenue share of over 30.6% in 2021 and this dominance is anticipated to continue throughout the forecast period. 3D Modeling is the procedure of creating objects in 3D software. These objects are created based on previously designed or real-world visions and are used as 3D natural elements made. Animation is about movement, and expressing this movement will require a crippling of objects. 
  • The virtual effects segment is projected to grow at the fastest CAGR of 13.8% from 2022 to 2030. The visual effect is a process in which images are created or manipulated outside the context of live shooting in film and video production. Integration of live-action video with other live images or CGI features to create realistic images with VFX. Special effects are abbreviated as SPFX, SFX, F / X, or FX easily with deceptive or visual tricks used in theater, video game, drama, film, and television industries to mimic events imagined in the form of a story or the visual world.

 

Based on the Component Insights, the market is segmented into Hardware, Software, and Services.

  • The software segment accounted for the largest revenue share of 52.7% in 2021 and this dominance is anticipated to continue throughout the forecast period. This growth may be due to the software's ability to create visuals that appear realistic and tangible, as well as your essential need for 3D animated movies and games. The section includes Software Development Kits (SDKs), integrated software solutions, and plug-ins. The widespread distribution of animated software in the gaming industry is expected to boost the category's growth.
  • The hardware segment accounts for a significant revenue share of 30.6% in 2021. 3D animation combines the creation and editing of complex 2D and 3D images, putting many modern computers under pressure. Therefore, there is a need to equip particular hardware to further 3D animation. Furthermore, the increased penetration of technology into the education and training industry is projected to boost the services segment.

 

Based on the Deployment Insights, the market is segmented into On-premise and On-demand.

  • The on-premise segment accounted for the largest revenue share of 61.7% in 2021. Location storage depends on the company's data management or infrastructure, which provides greater data security and savings. Because of these benefits, many large businesses are using existing solutions. The combination of AI and 3D animation has made the simulation process easier.
  • The on-demand segment is expected to record the highest CAGR of 14.4% for the forecast period. This growth may be due to cartoon producers' rapid adoption of cloud technology. Improved cloud delivery features allow the server to process delivery automatically once the user has uploaded their creation. In addition, processes are completed in a short time in the most complex solutions, freeing up storage space. Many companies use cloud delivery technology as they are popular with end-users because of their services and time-saving benefits.

 

Based on the End-use Insights, the market is segmented into Media & Entertainment, Architecture & Construction, Education & Academics, Manufacturing, Healthcare & Life Sciences, Government & Defence, and Others.

  • The media and entertainment segment adjudged for the largest revenue share of 35.0% in 2021 and is expected to maintain its dominance over the forecast period. The reason for significant growth is that most of today's films use 3D and CGI technology. Hollywood is now using 3D technology to create various costumes, props, and objects to make their movies more realistic. 3D modeling in construction provides a realistic view of a completed project by combining all the pieces.
  • The healthcare segment is anticipated for a significant CAGR of 13.0% from 2022 to 2030. The healthcare industry uses a wide range of sophisticated equipment and equipment in patient care, such as scanners, respirators, ventilators, blood purifiers, etc. Marketing all such tools become much easier with the 3D animation of machines. The 3D animation works in almost impossible cases to explain in manuals. Soldiers can use 3D animation to train themselves in a variety of situations.
  • The manufacturing segment is expected to record the highest CAGR of 13.2% for the forecast period. Industrial animation is the animation catering to an industrial machine or product and its specific method or range of motion. Its purpose is to define the operation of a product/equipment/ industrial components. The manufacturing industry and process industry all the processes such as oil and gas, chemicals, chemicals, packaging, and some others - use 3D animation to present and record equipment and methods. 

 

3D Animation Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The 3d animation market includes a highly competitive environment and many international and regional players. Due to the need to design biomedical devices such as ventilators, respirators, accessories, scanners, and tubes during the COVID-19, the market saw an upsurge in demand. In March 2020, Fusion Animation, an animated video maker of pharmaceutical actions in the Pharma and Healthcare industry, unveiled a 3D model of the COVID-19 virus for scientists to study possible treatments to combat the pandemic. Key stakeholders who want to expand their companies’ presence to establish themselves in a highly competitive business environment entered into relationships with other technology providers. For instance, in March 2022, a deep technology startup Kinetix, partnered with the pioneer of 3D Animation, Adobe, making 3D Animation Aided by Artificial Intelligence (AI) easily accessible to creators.

 

Leading companies are also investing heavily in R&D activities to introduce new technologies and develop simulating solutions with distinctive features to gain a foothold over their competitors. Incorporating an artificial object and artificial intelligence into 3D simulation defines a new paradigm of technological growth. Industry participants engage in mergers and acquisitions to improve their offered solutions. The market can be described as a fragmented market characterized by multiple global and regional competitors. To strengthen their foothold and thrive in an increasingly competitive business environment, prominent market players pursue mergers & acquisitions and strategic partnerships. Market players are also working toward developing UCaaS-based solutions to automate their processes. Some of the major players in the global 3D animation market include:

  • Autodesk, Inc.
  • Corel Corporation
  • Adobe Systems Incorporated
  • NVIDIA Corporation
  • Side Effects Software Inc.
  • Maxon Computer

 

Order a free sample PDF of the 3D Animation Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Cash Logistics Market: Cash Management Is Expected To Account For A High CAGR In The Coming Years

  Cash Logistics Industry Overview The global cash logistics market size was valued at USD 23.03 billion in 2021 and is expected to expand at a CAGR of 8.2% from 2022 to 2030 as there is an alarming need for safety in cash handling practices. Factors such as the growing cash transactions, rise in the demand for the presence of ATMs, and surge in demand for the cash vaults are the major factors boosting the global logistics market. Additionally, an increase in the number of ATMs by banks in the urban as well as the rural areas to offer better services to the customer is also expected to create lucrative growth opportunities for the market over the forecast period. Subsequently, the cash needs to be moved periodically, and hence its safe and reliable transportation is of huge concern. Therefore, automated processes play a significant role in resolving challenges in logistics. Companies are developing Al-based ATM security software to increase accuracy in cash replenishment services...
Read more

Data Preparation Sector for Business Intelligence: Best Practices 2023-2030

  Data Preparation Industry Data Book | Forecast 2030 Data Preparation Industry Data Book - Data Collection and Labelling, Data Labelling Solutions and Services & Data Integration Market Grand View Research’s data preparation industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research. Access the Global Data Preparation Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies   Data Collection And Labeling Market Report Highlights Automated image organizatio...
Read more

Smart Toys Market: Distribution Channel, The Offline Segment Held The Largest Revenue Share

  Smart Toys Industry Overview The global  smart toys market  size is expected to reach USD 34.13 billion by 2028, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 16.5% from 2021 to 2028. The rise in disposable income, coupled with the growing demand for coding skills, is fueling the growth of the market. The growing importance of coding and STEM learning in schools and other organizations is propelling the demand for smart toys. The use of educational robots in classrooms for storytelling and play-to-learn interactive tablet toys help in delivering superior gaming and learning experience to students and players. Key players in the market are utilizing TV media and famous cartoon characters to capitalize on branded content to improve the entertainment value. The inclusion of social media and OTT platforms provides companies in the market to garner a larger consumer base in the market. Dora the Explorer and Sesame Street are some ...
Read more