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Global 3D Animation Market is Expected to Grow at a CAGR of 12% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global 3D Animation Market Report and Forecast 2020-2025’, the global 3D animation market stood at a value of around USD 16.8 billion in 2019. The industry is further expected to grow at a CAGR of 12% during the forecast period of 2020-2025.

The global 3D animation market is extensively being driven by the life sciences and healthcare industries. Hospitals, labs, and medical facilities worldwide use three-dimensional animation to create drugs and therapies, as well as to support surgical procedures. Medical schools use 3D animated videos to enable their students to understand the complex anatomy of humans. Wider adoption of 3D modelling is driving the market growth of 3D animation. Three-dimensional modelling has been used for a range of end-use applications such as video games, VR, 3D printing, movie images, marketing, CAD, and manufacturing, as well as science and medical imagery, which has enabled the growth of the market.

In September 2016, Adobe Inc. (NASDAQ: ADBE), one of the key players in the industry, announced several innovations in Adobe Creative Cloud and Adobe Marketing Cloud in Amsterdam. Adobe announced it would demonstrate progress on VR, 3D, motion graphics, and character animation assisted by tools to deliver, quantify, and monetize film and television content across many screens while keeping up with the high-speed audience demands across modern and traditional platforms. This has aided the growth of the market in the historical period.

Market Analysis by Technique, Component, Deployment, Application, and Regions:

  • Based on the technique, the market is divided into 3D modelling, motion graphics, 3D rending, and visual effects, among others.
  • The components of 3D animation can be divided into software, hardware, and service.
  • The deployment of 3D animation can be divided into on-premises and on cloud.
  • It finds application in media and entertainment, construction and engineering, architecture, healthcare and life sciences, government and defence, manufacturing, and others.
  • The regional markets of the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The thriving demand from the media and entertainment sector is propelling the market demand.
  • The increased application of visual effects and virtual reality (VR) technology for film making is contributing to the market growth.
  • The growing demand for 3D mobile applications is driving the growth of the market.
  • The increasing use of GPS and navigation mapping technology is propelling the growth of the market.
  • The growth of the market is likely to be supported by the rising demand from the developing economies.

Key Offerings of the Report:

  • The EMR report gives an overview of the global 3D animation market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the technique, component, deployment, application, and major regional markets of 3D animation.
  • It assesses the market based on the SWOT and Porter’s Five Forces model.

The major key players in the global 3D animation market include companies like Adobe Inc., Autodesk Inc., Corel Corporation, Nemetschek Group, Nvidia Corporation, NewTek Inc., Zco Corporation, Toon Boom Animation Inc., and Maxon Computer GmBH, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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