3D Animation Market

Global Market Study on 3D Animation: Demand for 3D Mobile Apps and Games to Surge

3D Animation Market Segmented By Component such as Hardware, 3D Animation Software and Services having Cloud-based 3D Animation and On-Premise 3D Animation deployment

Industry Snapshot

Persistence Market Research reports that global 3D animation solutions generated revenue of US$ 16.4 Bn in 2020. In terms of value, services is identified as the fastest-growing component segment, estimated to surge at a CAGR of 15.8% over the next ten years.

As per latest 3D animation industry analysis by Persistence Market Research, market revenue will total US$ 18.2 Bn in 2021. Registering tremendous growth at 12.9% CAGR from 2021 to 2031, market valuation is expected to surpass US$ 61 Bn by 2031.

Find Out More about the Report Coverage

Companies

  • Autodesk Inc.
  • Adobe Inc.
  • Corel Corporation
  • Newtek Inc.
  • Siemens AG
  • Maxon Computer GmbH
  • Pixologic Inc.
  • Nvidia Corporation
  • SideFX
  • Zco Corporation
  • AutoDesSys Inc.
  • Toon Boom Animation Inc.

Detailed Insights Offered in 3D Animation Industry Research:

  • Market Estimates and Forecasts 2016-2031
  • Key Drivers and Restraints Impacting Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on 3D Animation Industry and How to Navigate
  • Recommendation on Key Winning Strategies

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

2016-2020 3D Animation Demand Analysis Compared to 2021-2031 Market Outlook

3D animation witnessed soaring growth in 2021 with worldwide revenue up 11% year-over-year. A new report by Persistence Market Research estimates that 3D animation revenue will increase at a significant rate, topping US$ 61 Bn by 2031, surging at a CAGR of 12.9%.

The need for 3D animation is attributed to increasing adoption of visual effects technology (VFX) in animated movies. Demand for VFX and animation has expanded with rise in the development of the gaming sector, which has significantly accelerated in the scope of the multimedia ecosystem. Many television programs are using animation and visual effects to give new viewing experiences to viewers.

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

How are Technological Advancements Creating New Growth Opportunities for 3D Animation?

There is continuous development and implementation of new technologies such as 3D modeling and visual effects (VFX) technology for entertainment and educational applications. In addition, adoption of the VFX technique at a faster pace is providing new professional opportunities for visual effect artists and animators.

New 3D animation standards promise superior convenience for users and enable higher performance standards, while supporting simplicity for designers and software providers.

Advantages such as promotes interactivity, catches audience attention, creates branding, attracts online traffic, and improves cost-effectiveness are primary factors resulting in increasing number of 3D animation solutions being used on a global scale.

Integration of technologies such as 3D rendering, IoT, artificial intelligence, motion graphics, and others can be estimated to lead to development of 3D animation solution functionalities, with their improved performance.

Explore Persistence Market Research’s expertise in promulgation of the business !

Why is Need for 3D Mobile Applications and Games Gaining Traction?

Companies such as Autodesk Inc., Adobe Inc., Newtek Inc., and NVIDIA Corp. are continuously focusing on 3D animation technologies for 3D mobile applications and gaming benefits. Moreover, rising adoption of 3D mobile applications and 3D mapping technology for navigation purposes is driving market growth.

Introduction of 3D animation in mobile phones for the development of 3D mobile applications and games is one of the major factors driving demand for 3D animation. It help users identify connections between interface elements and views, as well as give feedback to users about apps.

3d-animation-market

Country-wise Insights

How Big is the Opportunity for 3D Animation Adoption in the U.S.?

The U.S. is predicted to remain one of the most attractive markets during the forecast period, according to Persistence Market Research. According to the study, the U.S. has a market value of US$ 5.3 Bn in 2021, and is expected to account for over 80% of the North American market share by 2031.

This is due to the presence of a large number of U.S.-based key consumers such as Disney, Fox Studio, and Nickelodeon, and increasing adoption of 3D animation technology & widespread investments in R&D processes by prominent players in the regional market.

Moreover, the government is investing heavily in the research & development of 3D animation components, which is also anticipated to propel market growth.

Why is Demand for 3D Animation Increasing in Germany?

Demand in Germany is projected to enhance at 10.7% CAGR over the forecast period (2021-2031). It has been observed that, Spain, the U.K., Russia, France, and Germany are holding a strong part of the European 3D animation industry. Germany is expected to witness considerable rise in the deployment of simulation technology.

There are continuous advancements in new technology, along with growing preference for animated training videos and graphic content, mainly in Germany, which are driving the regional market.

How is India Contributing toward Revenue from 3D Animation?

The market in India is anticipated to be valued around US$ 6.3 Bn by 2031. By 2031, India will account for over 44.6% share in South Asia and Pacific. India a rapidly growing economy and is expected to offer a favorable market for 3D animation vendors.

Increasing adoption of advanced 3D technologies in various application areas is driving the growth of the Indian market. Moreover, massive availability of a well-skilled workforce in the South Asia & Pacific region amounts to low cost of production, hence driving regional market growth.

Category-wise Insights

Which Component of 3D Animation Will Enjoy Higher Demand in the Near Future?

Revenue from 3D animation hardware surged 11.8% year-over-year in 2021. Demand for services is expected to show sturdy growth, giving the services component segment year-over-year growth of 13.5% in 2021, according to Persistence Market Research.

Based on component, demand for 3D animation software is expected to balloon at 10.8% CAGR, accounting for a market share nearly 38% by 2031. 3D animation software includes 3D modeling/design software, 3D rendering software, and others. 3D animation software can create virtual objects/models that appear realistic & tangible, leading to prominent demand in 3D animated videos and games.

Why is Cloud-based Deployment of 3D Animation Gaining Preference?

Cloud-based deployment is expected to contribute revenue share of more than 61.6% to 3D animation in 2021. This growth can be attributed to rising adoption of cloud-based technology by animation producers.

Advanced features of cloud-based 3D rendering allow servers to automatically process rendering once users uploads their creation. It offers various benefits such as resource and time-saving, tried-and-true process, easy to use, and cost effective, among others.

What’s the Market Share of Media & Entertainment Applications in 3D Animation?

As per application, the market is segmented as media & entertainment, gaming, aerospace & defense, architecture & construction, education & academics, manufacturing, and others.

Education & academics applications are set to witness a relatively high CAGR of 17.4% during the forecast period. Education and academics is expected to observe dominant growth due to the development of various training software, applications, and e-learning platforms deploying simulated videos and content in the curriculum.

Media & entertainment applications accounted for the largest market share of 25.5% in 2021. This growth is attributed to rising demand for photorealistic representation in movies and commercial videos. Rapid developments in simulation technology are allowing potential customers to get a more realistic feel and comprehensive visualization experience.

Competitive Landscape

According to the Persistence Market Research’s industry analysis, Adobe Systems Incorporated, Autodesk Inc., Corel Corporation, NVIDIA Corporation, Siemens AG, NewTek, Inc., Pixologic Inc., and Maxon Computer GmbH are identified as key providers of 3D animation.

3D animation solution providers focus on entering into strategic partnerships and collaborations with various IT solution providers to enhance their customer base and product offerings. This strategy also helps organizations deliver more innovation to empower companies to connect with their customers in a whole new way, thus leveraging the power of the cloud and AI.

  • For instance, in September 2019, eVolve MEP announced a partnership with Autodesk, Inc. and GTP Services LLC to provide a more comprehensive fabrication workflow that enables MEP contractors to easily adopt Building Information Modeling (BIM) Autodesk software products and workflows.

3D animation solution providers also focus on launching innovative solutions and expanding their solution offerings to deliver enhanced technology as well as new and upgraded solutions in new markets. These business alliances strategy help companies in product development, technological management, and in expanding their customer base.

  • For instance, in July 2021, Adobe released a new Animator Public Beta version with a number of new features all designed to enable more accelerated traditional animation workflows, capture performances in real-time, and even livestream animation.

3D Animation Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia & New Zealand
  • GCC Countries
  • Turkey
  • South Africa

Key Market Segments Covered

  • Component
  • Deployment
  • Application
  • Region

Key Companies Profiled

  • Adobe Systems Incorporated
  • Autodesk Inc.
  • Corel Corporation
  • NVIDIA Corporation
  • Siemens AG
  • NewTek, Inc.
  • Pixologic Inc.
  • Maxon Computer GmbH
  • Zco Corporation

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

3D Animation Industry Survey by Category

By Component:

  • Hardware
    • 3D Animation Workstations/PCs
    • 3D Motion Capture Systems
    • Others
  • 3D Animation Software
    • 3D Modeling/Design Software
    • 3D Rendering Software
    • Others
  • Services
    • 3D Animation Design & Development
    • Consulting Services
    • Support & Maintenance

By Deployment:

  • Cloud-based 3D Animation
  • On-Premise 3D Animation

By Industry:

  • Media & Entertainment
  • Gaming
  • Aerospace & Defense
  • Architecture & Construction
  • Education & Academics
  • Manufacturing
  • Others

Enquiry before Buying

  • Is this research conducted by Persistence Market Research?

    Yes, the research has been conducted by expert analysts of Persistence Market Research, through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Persistence Market Research?

    Persistence Market Research follows a methodology that encompasses demand-side assessment of the market, and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structures, methods, and definitions. Request a detailed methodology.

  • Who are the respondents for primary research?

    Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

  • Is a sample of this report available for evaluation?

    Yes, you can request a sample, and it will be sent to you through an email.

  • How can I buy this report?

    Persistence Market Research provides a secure online payment system to buy reports seamlessly. You can buy the report securely and safely.

Media Release

- FAQs -

The global 3D animation market was valued at US$ 16.4 Bn in 2020, and is estimated to surge over the next ten years.
The market in South Asia & Pacific is projected to expand at the highest CAGR of 19.6% through 2031.
3D animation software is the most attractive with an estimated market share of 46.1%. However, demand for services is estimated to surge at a CAGR of 15.8%.
Autodesk Inc., Adobe Systems, and NVIDIA Corporation are some of the leading companies in this space. 55% market share is currently held by the top 15 players.
The media and entertainment sector is expected to dominate the market generating revenue of US$ 12.5 Bn by 2031, owing to increasing demand for photorealistic representation in movies and training videos.
The market size of 3D animation is expected to be valued at US$ 61.2 Bn by 2031.
In the last 5 years (2016 – 2020), the demand for 3D animation increased at a CAGR of 10%.
Key trends include cost-effectiveness of cloud-based 3D animation solutions and increased demand for 3D animation in media and entertainment sectors.
Top 5 countries driving demand for 3D animation include the U.S., France, China, India, and Germany.
North America is the most attractive market, with the U.S. expected to account for 85% share.
China and India were valued at US$ 1,357.4 Mn and US$ 656.8 Mn, respectively, in 2020, and are projected to surge at CAGRs of 14.2% and 22.9% through 2031.
The global 3D animation market was valued at US$ 16.4 Bn in 2020, and is estimated to surge over the next ten years.
The market in South Asia & Pacific is projected to expand at the highest CAGR of 19.6% through 2031.
3D animation software is the most attractive with an estimated market share of 46.1%. However, demand for services is estimated to surge at a CAGR of 15.8%.
Autodesk Inc., Adobe Systems, and NVIDIA Corporation are some of the leading companies in this space. 55% market share is currently held by the top 15 players.
The media and entertainment sector is expected to dominate the market generating revenue of US$ 12.5 Bn by 2031, owing to increasing demand for photorealistic representation in movies and training videos.
The market size of 3D animation is expected to be valued at US$ 61.2 Bn by 2031.
In the last 5 years (2016 – 2020), the demand for 3D animation increased at a CAGR of 10%.
Key trends include cost-effectiveness of cloud-based 3D animation solutions and increased demand for 3D animation in media and entertainment sectors.
Top 5 countries driving demand for 3D animation include the U.S., France, China, India, and Germany.
North America is the most attractive market, with the U.S. expected to account for 85% share.
China and India were valued at US$ 1,357.4 Mn and US$ 656.8 Mn, respectively, in 2020, and are projected to surge at CAGRs of 14.2% and 22.9% through 2031.

Recommendations

Digital Signature Market

Digital signature helps the sender prove the authenticity of a digital document. In the process of financial transaction or document distribution across the world, there are high risks associated with fraud or tampering of documents, which is creating the need for digital signatures..

Life Insurance Policy Administration Systems Market

The business intelligence segment is expected to grow from US$ 560.9 Mn in 2018 to US$ 1,579.7 Mn in 2026 owing to high CAGR associated with it..

Healthcare Safety Risk Management Solutions Market

Healthcare safety management is predominately focused on reducing medication errors, human errors and also to optimize the various healthcare process..

Business Productivity Software Market

Business productivity software market is projected to exhibit an impressive CAGR of more than 12% during the forecast period (2020 to 2030)..

Our Clients

Our Clients