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Market Research Future Insights:
According to a comprehensive research report by Market Research Future (MRFR), “3D Animation Market Research Report: by Component, Technology, End-User and Region – Forecast to 2030, the market is anticipated to acquire a valuation of approximately USD 46.89 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 11.7% during the assessment timeframe.
Key Players:
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Scope of the Report – 3D Animation Market:
|
Report Metrics |
Details |
|
Market Size by 2030 |
USD 46.89 Billion |
|
CAGR during 2022-2030 |
11.7% |
|
Base Year |
2021 |
|
Forecast |
2022-2030 |
Market Drivers
Integration of VR for Visual Effects to Boost Market Growth
Virtual reality (VR) technology is quickly becoming a valuable tool in the field of animation. Significant investments are being made in this technology for use in gaming, advertising, & home entertainment. These effects are created by animators using VR technology. The 3D animation market vendors are experiencing increased demand as a result of increased work on more complex creatures and the creation of more exciting virtual worlds. The integration of VR in visual effects will boost market growth over the forecast period.
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Market Segmentation
The global 3D animation market has been bifurcated based on end user, technology, and component.
By component, hardware will lead the market over the forecast period.
By technology, 3D modeling will domineer this market over the assessment period.
By end user, media and entertainment will spearhead the market over the forecast period.
COVID-19 Analysis
Following the COVID-19 pandemic, few governments around the world-imposed time limits for returning home and stricter rules on foreign affairs in order to slow the virus’s spread. The closure resulted in a significant increase in demand for high-quality home entertainment, prompting media and entertainment companies to improve the content of their videos. The use of simulation technology enables media companies to provide advanced viewing information to viewers in order for them to purchase, read, and work while engaging in leisure activities. Furthermore, the increased adoption of 3D modeling technologies for various applications such as marketing, Computer-Aided Design (CAD), 3D printing, medical thinking, scientific and production, video games, & animation is expected to drive market growth. Various 3D technological advancements in the market are driving the market, and this is why technological advancements in the television and communication industries are the primary driver for the growth of the global animation market.
Browse In-depth Market Research Report (148 Pages, Charts, Tables, Figures) 3D Animation Market – https://www.marketresearchfuture.com/reports/3d-animation-market-2760
Regional Analysis:
North America:
North America’s 3D animation market thrives with a robust ecosystem of animation studios, gaming companies, and entertainment giants. The region dominates the global industry, propelled by a soaring demand for immersive content in films, video games, and virtual reality experiences. Technological advancements, especially in motion capture and CGI, fuel market growth. Hollywood’s major players significantly contribute to the region’s leadership, investing heavily in cutting-edge 3D animation technologies.
Asia-Pacific:
In Asia-Pacific, the 3D animation market is booming due to a growing entertainment industry, swift digitalization, and a thriving gaming sector. India, China, and South Korea play pivotal roles in the global animation scene. The market boasts diverse content creation, spanning animated films, series, and mobile gaming animations. Government initiatives and a rising middle-class audience fuel demand for top-notch 3D animation. Collaborations between local and global studios add dynamism to the Asia-Pacific 3D animation market.
Europe:
In Europe, the 3D animation market boasts a storytelling legacy, emphasizing artistic expression and unique narratives. European studios excel in creating culturally distinctive content, drawing a global audience. Collaboration between studios, educational institutions, and tech firms fuels market growth. The expanding gaming industry intensifies the need for skilled animators and innovative techniques. Europe’s 3D animation market finds success in blending traditional craftsmanship with modern technology, catering to a diverse audience with varied artistic tastes.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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