Market Snapshot:
Motion Picture Visual Effects Services also abbreviated as VFX. It is the process of imagery creation and manipulation of outside the context of live action shot in film making. This process is also used in a video productions. VFX are made by using Computer Generated Imagery (CGI). Many movies production companies used this process for making a movie shot more realistic and cinematic. Motion Picture Visual effects allow filmmakers to create breathtaking imaginary universes and achieve stunts that would be impossible to film in the real world, but visual effects aren't exclusive to blockbuster feature films.
Highlights from Motion Picture Visual Effects Service Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Technicolor (France), Sony Pictures Animations (United States), The Walt Disney Co. (United States), MPC (United Kingdom), Luma Pictures (United States), FuseFX (United States), The Mill (United Kingdom), DNEG (United Kingdom), Cinesite VFX Ltd. (United Kingdom) and Rodeo FX, Inc. (Canada). Additionally, other players that are part of this comprehensive study are Framestore (United Kingdom), Animal Logic (Australia), Blue Sky Studios (United States), DreamWorks Animation (United States) and Weta Digital (New Zealand).
Geographic Breakdown and Segment Analysis
The Global Motion Picture Visual Effects Service market presents a comprehensive analysis of the Motion Picture Visual Effects Service market by product type (CGI, Compositing, Motion Picture and Digital Effects), by end-user/application (Videography, Filmmaking, Animation, Video Games and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Motion Picture Visual Effects Service industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Motion Picture Visual Effects Service market
Analyst at AMA have segmented the market study of Global Motion Picture Visual Effects Service market by Type, Application and Region.
Influencing Trend:
Technological Advancements and Research and Development in VFX Industry and Rising Popularity of Video Games among Youth
Market Growth Drivers:
Increasing Number of Cinema Enthusiasts Across the World, Increasing Demand in Animation and Videography, Rising Number of Filmmakers Across the Globe and Surge in Demand in Cinema Production Studios
Challenges:
Lack of Skilled Professionals Handling Motion Picture Visual Effects and Lack of Financial Budget for Motion Picture Visual Effects Process
Restraints:
High Cost Associated with Motion Picture Visual Effects Services and Time Consuming Process Comparing to a Live Action Shoot
Opportunities:
Growing Numbers of Film Production Companies, Growing AI and Robotics Technology Over the World and Rapidly Growing Video Streaming Platforms
Market Developments Activities:
On 17 May 2022, Visual effects (VFX) and animation company Double Negative (DNX) has announced the signing of a new, multi-year services agreement with streaming service Netflix. The non-exclusive agreement covers the provision of visual effects and virtual production services by DNEG for Netflix series and feature programming. The new agreement extends and expands on a previous agreement that the companies signed in September 2020 and creates a pipeline of Netflix programming work for DNEG through 2025.
On 3 February 2020, Technicolor’s MPC announces the official launch of its new episodic visual effects division. The entertainment industry is currently experiencing one of its biggest shifts, brought on by the burgeoning of streaming platforms now available and an unprecedented demand for content. Pair that with the quality of viewing devices, which has enabled consumers to enjoy the highest quality picture and sound when and wherever they want, there is now heightened consumer expectations around episodic content. Those expectations are often answered through increasingly complex and dynamic stories, putting new demands and creating new opportunities - within visual effects.
The market for Motion Picture Visual Effects Service is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share.
Key Target Audience
Motion Picture Visual Effects Service Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others