What is Visual Effects (VFX) Market?
The technique of creating or manipulating graphics outside of the framework of a live action shot in filmmaking is known as visual effects (abbreviated VFX). Visual effects are the combination of live action footage (special effects) and computer-generated imagery (digital or optical effects) to create environments, inanimate objects, animals, or creatures that appear realistic but are dangerous, expensive, impractical, time-consuming, or impossible to capture on film. With the emergence of economical and generally simple-to-use animation and compositing tools, visual effects using computer-generated imagery (CGI) have lately become available to independent filmmakers.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Pixar (United States), Walt Disney Animation Studios (United States), Dream Works Animation (United States), Warner Bros Animation (United States), Industrial Light & Magic (United States), Framestore (United Kingdom), Blue Sky Studios (United States), Weta Digital (New Zeland), Rodeo FX Inc. (Canada) and Animal Logic (Canada) |
CAGR | % |
The market study is being classified by Type (Computer-Generated Imagery, Compositing and Motion Capture), by Application (Movies, Television, Gaming and Advertisements) and major geographies with country level break-up.
Pixar (United States), Walt Disney Animation Studios (United States), Dream Works Animation (United States), Warner Bros Animation (United States), Industrial Light & Magic (United States), Framestore (United Kingdom), Blue Sky Studios (United States), Weta Digital (New Zeland), Rodeo FX Inc. (Canada) and Animal Logic (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cinesite (Canada), Pixomondo (United States), Sony Pictures Imageworks (United States), Digital Domain (United States), TNG Visual Effects (United States) and BUF (France).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Visual Effects (VFX) market throughout the forecasted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Visual Effects (VFX) market by Type, Application and Region.
On the basis of geography, the market of Visual Effects (VFX) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Introduction of New Generation Games leading the demand of Visual effects
- Rapidly Growing Media And Entertainment Industry Across The Global
Market Trend
- The New Artificial Intelligence Technology In VFX Effects Is In Trend
Restraints
- Technological Complexity Associated With Visual Effects
Opportunities
- Growing Adoption Of VFX Technology In Various Industries Such As Film Industries, Construction And Education Industry
Challenges
- High Cost Associated Of VFX Technology
Key Target Audience
Visual Effects Developer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others