3D Animation Industry Challenges, Size, Growth, Key Vendors, Drivers and Trends by Forecast to 2027 | COVID-19 Effects


Posted February 2, 2022 by santoshm1

As per MRFR study, the 3D animation market is likely to rise at 13.8% CAGR across the assessment period 2018–2024.

 
Market Highlights

Market Research Future (MRFR), concentrated on the effect of COVID-19 on the Global 3D Animation Market 2020. The COVID-19 leap forward for the market is examined and through investigation of the effect of the Covid on the 3D Animation Industry. According to MRFR study, the 3D animation market is probably going to ascend at 13.8% CAGR across the appraisal time frame 2018-2024.

The developing presence of moving pictures in the computerized period is relied upon to cause the extension of the 3D animation market in the years to come. The profoundly inclining toward 3D animation tend can uphold the development of the 3D animation across the evaluation time frame. The quick development of the media and amusement area can actuate the extension of the overall 3D animation market.

The ascent in the interest for 3D animation can be ascribed to the high reception of enhanced visualizations innovation in various motion pictures. The increment in the interest for 3D gaming, 3D portable applications, 3D perception, and prospering pattern of computerized marketing are different elements that can advance the extension of the 3D Animation market. The accessibility of powerful 3D animation programming for the making of profoundly favored 3D animation films can drive the 3D market across the worldwide market. Key market players of the media and media outlet, like The Walt Disney Company, Universal Studios Inc., DreamWorks Animation, Pixar, Warner Bros. Animation, and others taking on 3D animation advancements and programming for 3D demonstrating, 3D delivering, movement illustrations, enhancements, and special visualizations to make motion pictures that can drive the development for the 3D animation market. The increment in the cases of programming theft can restrict the 3D animation market development.

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Segmentation:

The segment study of the 3D animation market is based on technology, end-users, and component. The component based segments of the 3D animation market are Hardware, Service, and Software. The technology based, 3D animation market are 3D rendering, System Integration & Deployment, Visual Effects and Motion Graphics, 3D modelling, and Support & Maintenance among others. The end-user based segments of the market are Education, Media & Entertainment, Architecture, and Healthcare among Others.

3D animation technology covers 3D rendering, motion graphics, 3D modelling, and visual effects among others. The growing popularity of 3D modeling software across 3D animation across reputed players, such as Cinema4D, Maya by Autodesk, SketchUp, and Blender among others. The wide application of 3D modelling can boost the expansion of the world market of 3D animation.

Regional Analysis

By region, the 3D animation market segments are Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. In North America, the 3D animation market is expected to garner the largest share of the world 3D animation market. In 2017, the 3D animation market held 42.1% of the world market. The regional market can rise at 13.6% CAGR across the forecast period and touch a value of USD 4,991.7 million by the end of the assessment period. In Asia Pacific, the 3D animation market can rise at 16.5% CAGR and value at USD 3799.95 Mn by 2024. The increased in the demand for 3D animation across the film industry in Europe can boost the market in the years to come.

Companies Covered

MRFR registered key players of the worldwide 3D animation market. They are Maxon Computer (Germany), Image Metrics, Inc. (US), Autodesk, Inc. (US), Sony Corporation (Japan), NewTek, Inc. (US), Pixologic, Inc. (US), Foundry Visionmongers Ltd (UK), Toon Boom Animation Inc. (Canada), Trimble Inc (US), SideFX. (Canada), Corel Corporation. (Canada), Adobe Systems Inc. (US), and NVIDIA Corporation (US).

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Global 3D Animation Market Research Report: by Component (Hardware, Software, Services), Technology (3D Modeling, Motion Graphics, 3D Rendering, Visual Effects) End-User (Media and Entertainment, Education, Healthcare, Architecture) and Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast to 2027

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Issued By MRFR
Country United States
Categories Technology
Tags 3d animation industry
Last Updated February 2, 2022