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The United Kingdom visual effects (VFX) market size was approximately USD 2.78 billion in 2023. The market is estimated to grow at a CAGR of 12.9% during 2024-2032 to reach a value of USD 8.27 billion by 2032.
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The visual effects (VFX) companies based in London are one of the most important places of post-production in the world, with having allocated special effects to some of the blockbuster films, including the Harry Potter series, Inception, and The Dark Knight trilogy. The introduction of favourable government policies to promote production and post-production in the region are invigorating the market growth. For instance, the United Kingdom government provides the UK Film Tax Relief (FTR) for all British qualifying films to claim a payable cash rebate of up to 25% on the UK qualifying expenditure. Moreover, the commencement of the VFX festival, annually hosted in London, promotes advancements and talents in visual effects (VFX), hence contributing significantly to the market growth.
The flourishing popularity of content streaming platforms like Netflix, BBC iPlayer, Amazon Prime, and Hulu are increasing the demand for UHD and HDR resolution. Moreover, most of the content on the platforms require quality visual effects to support its storytelling. In addition, rising demand for the incorporation of animated computer graphic (CG) characters, which are interacting with real-world environment and actors communicating sophisticated emotions and complex ideas, are further boosting the growth of the visual effect (VFX) industry.
Visual effect (VFX) is the process that integrates actual footage and manipulated imagery to create realistic-looking environments for any moving media. It manipulates the imagery outside the context of the live shoot in the production of films and videos. It is mostly used in films, television series, and online videos to provide high-quality content to users.
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The major components of visual effects (VFX) are:
Based on production method, the market is divided into:
The market can be broadly categorised on the basis of its applications into:
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Machine learning, artificial intelligence, and improved analytics are gradually transforming the visual effects industry. Moreover, the focus on creating cost-effective, efficient, and flexible pipelines owing to the rising demand for VFX in film production is aiding the market growth. In addition, technological advancements and innovations are enabling the automation of the most labour intensive and repetitive tasks, including tracking, rotoscoping, and compositing, among others to be performed efficiently. The development of efficient algorithms, which are trained on anatomy, physics, and kinesiology data in order to stimulate natural body movements, such as skin elasticity and layers of fat in the creation of computer graphics (CG) creatures is also propelling the market growth. The increasing industry-led research in robotics, object recognition, computer vision, logistics, and security footage analysis for advancements in visual effects (VFX) is fuelling the industry growth. The use of machine learning in noise reduction and texture generation from photos is also expected to augment the growth of the visual effects (VFX) industry.
The report presents a detailed analysis of the following key players in the United Kingdom visual effects (VFX) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Production Method |
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Breakup by Application |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The United Kingdom visual effects (VFX) market size was approximately USD 2.78 billion in 2023.
The industry is being aided by the surging use of visual effects (VFX) owing to the rising popularity of online streaming platforms.
The market is expected to be driven by trends, such as technological advancements, increasing research and development (R&D) and growing automation, in the forecast period.
The leading components of visual effects (VFX) are hardware, software, and service.
The major production Method of visual effects (VFX) in the industry are modelling, matte painting, and others.
The significant applications of visual effects (VFX) are television, movies, gaming, and advertisements, among others.
The major players in the industry are Moving Picture Company, Cinesite VFX Ltd., Framestore Limited, DNEG, and Milk Visual Effects Limited, among others.
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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