3D Animation Market Analysis, Development Strategy, Future Trends and Industry Growth

Market Highlights

A process of development/creation of 3-dimensional moving images in a digital environment is known as 3D animation. The industry for 3D animation has achieved several milestones in terms of technological development. As per the report that was recently published by Market Research Future (MRFR), the global 3D animation market is estimated to expand at 13.8% CAGR by the end of 2024. The 3D animation market is observed to proliferate at an impressive pace, garnering the fastest rate in the media and entertainment industry. This technology is known to provide a view in different perspectives and projections, to make it look realistic, demand for which is mushrooming at a remarkable speed.

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.

Segmentation:

The global 3D animation market analysis is segmented by technology, component, end-user, and region. By component, the global 3D animation market is segmented into hardware, software, and service. The hardware segment is further segmented into workstation, motion capturing systems, video cards, and GPU. The software segment has been sub-segmented into SDK, platforms, and plug-in software. The segment for services in 3D animation has been studied for the subsegments of integration & deployment, support, and maintenance, and consulting.

By technology, the global 3D animation market is segmented into motion graphics, visual effects 3D modeling, and 3D rendering. Based on end-user, the global 3D animation market is segmented into healthcare, architecture, education, media & entertainment, among others.