Global 3D Animation Market: Overview
The latest business intelligence studies predict that the global 3D animation market will expand at a stellar growth rate of 11.9% over the forecast period of 2017 to 2022. It dictates that the global 3D animation market was valued at US$12,010.0 million in the base year. of the study, i.e. 2017.
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The research report forecasts that the global 3D animation market will cross the valuation of US$ 21,050.0 million by the end of forecast period in 2022.
Some of the major technologies used by designers, developers, and players in the global 3D animation market include 3D modeling, 3D rendering, visual effects or VFX, and motion graphics. Global 3D Animation Market software and solutions find a diverse set of applications in a wide range of end-use industries including manufacturing, media and entertainment, healthcare, and life sciences .
The increasing adoption of visual effects, more commonly referred to as “VFX” in the media and entertainment industries, is one of the most important drivers for the growth of the global 3D animation market.
However, constant exposure to piracy as well as corruption, highly intense competitive landscape, susceptibility to rising advertising prices may limit the growth of the global 3D animation market over the forecast period.
Additionally, the low skill level of professionals may also create serious challenges for the development of the global 3D animation market in the coming years. On the other hand, increasing scope of application across a diverse set of industries, including healthcare, for both training and diagnostic purposes, is likely to create increased demand for sophisticated tools and in the global 3D animation market in the coming years. The increasing use of 3D laser scanning as well as 3D mapping is also fueling the demand in the global 3D animation market.
The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in digital space through objects or models gave depth to these illusions. One of the most fundamental differences between 2D animation and 3D animation is the technique used to create the images and their appearance. The global 3D animation market is full of a wide range of software used to create 3D animation results.
When creating 2D animations, techniques such as onion skimming, anime, rotoscoping, morphing, and pairing are used. On the other hand, 3D animation uses techniques like arena building, sketching, shrinking, appearance modeling, texturing, camera setup, rendering, altering and link. Much of 3D animation is used to create television shows, games, and other entertainment solutions. The global 3D animation market is also benefiting from its adoption in education and healthcare.
Although creating 3D animation requires considerable effort, artistry and calculation, the global market offers several tools to meet the needs of the animator. Some of the commonly used tools in the global market are Maxon, Side FX and NewTek. Companies focus on developing software that allows for workflow customization and comes with built-in features to create realistic characters. Players are also focusing on developing software that is easier and more intuitive to learn, especially for artists unfamiliar with sophisticated tools. The development of various sectors is expected to provide lucrative opportunities for the 3D animation industry as well as the creation of several jobs for animators.
Global 3D Animation Market: Overview
3D technology is rapidly gaining popularity over traditional 2D technology due to their better graphic quality and clarity and faster rendering of images. As the benefits of 3D technology are widely recognized around the world, 3D animation is increasingly being embraced by entrepreneurs, game developers, automotive designers and production houses. The global 3D animation market is witnessing strong growth in end-user industries such as healthcare, aerospace, defense, automotive, media and entertainment. The rising trend of smart classrooms is also increasing the market in the education sector.
This research report serves as a repository of analysis and information regarding various aspects of the global 3D Animation market. These aspects include market dynamics, geographical segmentation, trends and technological developments. It includes a detailed overview of the competitive landscape of the market. It consists of a separate section of recommendations for existing and new players in the market.
Global 3D Animation Market: Drivers and Constraints
The growing interest in animated films and games is supporting the global 3D animation market. Game developers around the world are increasingly implementing 3D technology into their offerings in order to increase sales. Additionally, the growing trend of outsourcing animated content is propelling the market. However, sight problems associated with prolonged use of gadgets such as 3D viewing glasses are preventing the global 3D animation market from realizing its full potential. Nevertheless, this problem can be alleviated by the introduction of eye-friendly devices. Furthermore, the development of 4D technology creates immense growth opportunities for the market.
Global 3D Animation Market: Segmentation Analysis
The global 3D animation market can be broadly categorized into software, hardware, and services. Hardware can be segmented into motion capture system, workstations, video card/GPU, etc. Likewise, the software sub-segments are plug-in software, SDK, software programs and others. Services can be subdivided into development, integration, training and certification, support and maintenance, and consulting.
While hardware will account for the major market share throughout the forecast period, the demand for 3D animation software will grow rapidly over the same period. Several websites provide complementary or free software such as Autodesk 123D, Anima8or 3D Modeler, CloudCompare, DX Studio and MeshLab. Solid Edge 3D Studio Max, NX, and Softimage are some of the software commonly available by subscription.
Key segments based on geography are North America, Asia-Pacific, Europe and Rest of the World. North America is the dominant market for 3D animation due to the growing demand for animated content. The home of some of the major mass media and entertainment companies such as Disney and DreamWorks provides a significant boost to the region’s growth. Asia-Pacific will grow at a remarkable CAGR during the forecast period, with China, India, and Japan being the major contributors.
Global 3D Animation Market: Companies Mentioned in the Report
Some of the major players in the global 3D animation market are Autodesk, Adobe Systems, Intel Corporation, Advanced Micro Devices Inc., Maxon Computer GmbH, Corel Corporation, Side Effects Software, Lenovo Group Ltd., Nvidia Corporation, Microsoft Corporation, and Newtek . Inc.
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