About 3D Animation
3D Animation is a method of developing & creating three dimensional moving images in the digital environment. Currently, the trend towards 3D animation is constantly growing. It is highly used in the media and entertainment industry. 3D animation is used to provide view in diverse projections and angles which makes it look lively. It is widely used among game developers & designers. It offers benefits such as provides superior facility to portray movements,high visual effects, and effortlessly grab attention, time management, among others. Attributed to many benefits of 3D animation, the market is likely to grow over near future. Moreover, rising adoption of visual effects technology in movies & the growing demand for 3D mobile applications are impelling the 3D animation market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
CAGR | 12.1% |
Many key players in the global 3D animation market such as Autodesk Inc., Maxon Computer, NewTek Inc., and NVIDIA Corporation who offer 3D animation software & services to the commercial clients are using new product launches, and acquisitions strategies to remain competitive. Analyst at AMA Research estimates that United Kingdom, Canada and United States Players will contribute the maximum growth to Global 3D Animation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autodesk, Inc. (United States), Corel Corporation (Canada), Zco Corporation (United States), Adobe Systems Incorporated (United States), NVIDIA Corporation (United States), Pixologic, Inc. (United States), Side Effects Software Inc. (Canada), The Foundry VisionMongers Ltd. (United Kingdom), NewTek Inc. (United States) and Maxon Computer (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Image Metrics (United States), Trimble Navigation Ltd. (United States) and Toon Boom Animation Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global 3D Animation market by , Application (Media & Entertainment, Architecture & Construction, Education & Academics, Healthcare and Others) and Region.
On the basis of geography, the market of 3D Animation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. 3D Modeling will boost the 3D Animation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Consulting will boost the 3D Animation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. SDK will boost the 3D Animation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for animated videos in the education sector.
Market Growth Drivers:
Rising adoption of visual effects technology in movies, Growing demand for 3D mobile applications & games and Growing use of 3D mapping technology in navigation & geospatial analysis
Challenges:
Price sensitivity and low proficiency level
Restraints:
Threat from piracy coupled with corruption
Opportunities:
Rise of virtual reality & artificial technologies and Rising Use of 3D Animation Technology in Medical Forensics
Market Leaders and their expansionary development strategies
In July 2019, KKR, a leading global investment firm, and Corel Corporation one of the world's top software platforms, announced KKR's complete acquisition of Corel from Vector Capital, a leading technology-focused private equity firm. Financial details of the transaction were not disclosed. Corel products enable millions of connected knowledge workers around the world to do great work faster
In September 2022, Autodesk launched Maya Creative, a more affordable and flexible version of Maya, making content creation and access to professional 3D tools more accessible for artists at smaller facilities.
Key Target Audience
3D animation service providers, 3D animation vendors, Third-party system integrators, Consultancy / advisory firms, 3D animation consultants, 3D animation professionals, Investors and Venture capitalists and Production houses / Animation studios
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.