The global visual effects (VFX) market attained a value of USD 26.64 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 11% to reach almost USD 49.83 million by 2025. The global market is being led by North America, majorly being driven by the increasing use of VFX in Hollywood movies.
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Properties and Applications
Visual effects or VFX refer to special effects that deeply reflect the story’s visual representation and are used in films in one way or another almost since the earliest films. Since then, visual effects have often been used and not only for special effects. Many films used matte paintings to create ceilings that did not exist on the sets. Visual effects have evolved in order to deliver sights that cannot literally be filmed. This procedure involves the incorporation of live-action footage as well as the imagery created to create realistic scenes. VFX with CGI is widely used to produce movies, commercials, games, and television shows.
On the basis of the component, the visual effects (VFX) market can be divided into:
The technology can be divided into the following:
The visual effects (VFX) market can be broadly categorised based on its applications into:
The EMR report looks into the regional markets of visual effects (VFX) like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
One of the main factors driving the rise of the global VFX market is the growing demand for high-quality content. With the increasing use of digital video streaming outlets like Amazon Prime Video, Netflix and Hulu, high-quality content and VFX are becoming more important. Smart devices like smartphones, tablets, laptops, and HD TVs are increasingly being used to promote the development of digital video streaming services. Many video services and studios utilize VFX in films and TV shows. Moreover, studios are stiffly competitive with providers of video streaming services by designing high-quality feature content, such as VFX. Consumers who are increasingly looking for high-definition (HD) VFX experiences will have huge business opportunities in the VFX market in the next few years.
One of the main factors leading to the development of the worldwide VFX development is the introduction of augmented reality (AR). The increasing demand for digital content creates a need for innovation in visual effects for new experiences like AR. In addition, film production units integrate AR in ongoing cameras to identify problems with VFX shots and to speed up the post-production process. The integrated AR cameras provide previews for filmmakers in order to identify the best scene. Due to the growing potential of AR in the media and entertainment industries, the increasing number of visual effects service providers are taking AR. Movies are majorly dominating the application sector.
The report presents a detailed analysis of the following key players in the global visual effects (VFX) market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Visual Effects (VFX) Market Analysis
6.1 Figure: Global Visual Effects (VFX) Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Visual Effects (VFX) Market Breakup by Component
6.3 Figure: Global Visual Effects (VFX) Market Breakup by Component: Historical Market (2015-2019) & Forecast (2020-2025)
6.4 Chart: Global Visual Effects (VFX) Market Breakup by Technology
6.5 Figure: Global Visual Effects (VFX) Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
6.6 Chart: Global Visual Effects (VFX) Market Breakup by Application
6.7 Figure: Global Visual Effects (VFX) Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.8 Chart: Global Visual Effects (VFX) Market Breakup by Region
6.8.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
6.9 Figure: Global Visual Effects (VFX) Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Competitive Landscape & Supplier Analysis
11.1 Cinesite VFX Ltd.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.2 Digital Domain Holdings Ltd.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.3 Framestore Ltd.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.4 Rodeo FX, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.5 The Walt Disney Co. (NYSE: DIS)
11.5.1 Company Overview
11.5.2 Financial Analysis
12 Events and Development
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