ANIMATION MARKET REPORT OVERVIEW

At a compound annual growth rate (CAGR) of 9.7%, the global animation market, which was valued at USD 1 billion in 2024, is projected to reach USD 2 billion by 2033.

To give the appearance of sequential movement, animation involves taking pictures of sequential drawings, models, or even puppets. Animation simulates the motion produced by a series of pictures. In animation, still images are used and altered to provide the appearance of motion. Storytelling is made possible by animation in special ways. Animation is significant because it makes it possible to tell stories and express emotions and concepts in a way that is distinctive and simple for both young children and adults to understand. In a manner that writing and live-action films can not always do, animation fosters global connections. A large audience is drawn to animated movies.

Growing demand for high-definition (HD) materials, especially video marketing, is expected to boost the market. HD content has a higher resolution, significantly higher pixels and better content quality compared to standard definition. Over the next few years, the market is likely to be driven by the growing demand for animation software in the medical and research fields, as well as the growing demand for animation in the entertainment and gaming industries.

COVID-19 IMPACT

Positive Effect Of Development Of Organizational Collaboration And Communication On Markets

In comparison to pre-epidemic levels, the market has seen lower-than-expected demand in all regions because to the unprecedented and overwhelming global COVID-19 pandemic. The market's growth and demand returning to pre-pandemic levels is what caused the abrupt market expansion indicated by the increase in CAGR.

In order to stop the virus from spreading, a number of nations imposed stringent lockdowns, closures, and other transportation restrictions in response to the COVID-19 epidemic. Positive effects of the marketing animation video production industry were evident as the use of the technology developed into organizational communication and cooperation. The pandemic also had an impact on employee productivity and international corporate operations. Therefore, during the pandemic, the use of advertising video solutions and services was very beneficial, which positively impacted the market's growth.

LATEST TRENDS

Growing Virtual Animation Film Programs Drive Market Growth

A top animator at a top animation company (like Pixar, Dream Works or Disney Animation) can only animate 2 seconds of film per week. The fact that the process is extremely time consuming explains why these films often cost hundreds of millions or more. Most of this work is not creative in nature. It animates the character and moves in space and maps how the character reacts to its environment. A good animator can spend a week on something as simple as a character reaching for a set of keys. The technology interacts with motion capture techniques used in every important film, an integral part of virtual production. The movement of performers walking on stage in suits covered in polka dots is recorded and translated in a form suitable for a visual effects artist.

ANIMATION MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Animation, Caricature, Other.

• The concept of animation is the conversion of two-dimensional (2D) and three-dimensional (3D) images into moving images.

• Some common synonyms for caricature are burlesque, parody and parody. Although all these words mean "comic or grotesque imitation" and caricature means a ridiculous exaggeration of the subject's features. caricatures of politicians in cartoons.

By Application

Based on application the global market can be categorized into Clothes, Toys, Electronic Games, Film and Television, Other.

• Animation is the art and science of making pictures or images appear to move. Animated clothes and toys in TV shows are popular forms of entertainment for children.
• With the advancement of technology and software, game developers can now create very complex and visually stunning animations. By animating each element, designers can evoke emotions in players, whether it's a thrilling chase or heartbreaking sadness for a character and loss.

• Film and TV shows use VFX and 3D animations in VR film to give them extraordinary experiences with immersive and interactive storytelling in a 360-degree environment.

DRIVING FACTORS

Growing Adoption Of Cloud Technology By Animation Content Producers to Fuel Market Expansion

The continuous adoption of cloud technology by animation content producers is expected to accelerate the market growth. The animation industry benefits from cloud services that provide scalable and demanding computing resources. Using cloud-based animation services is easy, simple and provides computing power. For example, ESDIP Animation Studio chose Simple Cloud as its virtual desktop solution, which enables remote collaboration and brings together artists from different parts of the world to realize their animated short films.

Animated Movies And Daily Soaps Are On The Rise to Foster Market Growth

Animated content is growing at a healthy pace around the world, which has led to an increase in broadcasters' interest in launching animated series and strong demand for children's daily soaps, which has boosted launches. of new daily soaps. Thus, the growing trend of animated movies and daily soaps is the main driver for the global animation market growth.

RESTRAINING FACTORS

Lack Of Government Support And Lack Of Qualified Professionals to Hamper Market Growth

Inadequate government support affects the growth of animation worldwide. Animation between different countries does not receive funding from the government, which affects the production of a large part of animation films because the initial investments have not been made. The state also does not offer tax incentives and contracts. Rapid technical developments and innovations in the media and entertainment industry make it difficult to adapt the skills of employees, workers and employees to the needs of growing and technologically updated companies. This creates a qualification between workers and employers. Skilled workers with the necessary qualifications are in short supply as technology is updated every day.

ANIMATION MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America to Dominate The Market Due To Use Of Animation In Various End-Use Applications

North America occupies the largest animation market share due to the growth of the use of animation in various end-use applications, the presence of major companies in North America and the business plans of major players in the countries. The North America region is likely to list a significant CAGR as the demand for animation increases in developing economies due to growing preference for the automotive industry. Also, most of the companies operating in the market are striving to gain a modest advantage in the North America animation market. In addition, growth in Latin America and the Middle East and Africa regions is likely to be moderate in the near future.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Innovation and Market Expansion

The animation market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Top Animation Companies

• Disney (U.S.)
• Dreamworks Studios (U.S.)
• Blue Sky Studios (U.S.)
• Studioghibli (Japan)
• Bones
• Sunrise
• Gainax (Japan)
• Gonzo (U.S.)
• Warner Bros. Entertainment, Inc (U.S.)
• Akom (U.S.)
• Vooz Club (South Korea)
• The Walt Disney company (U.S.)
• Dreamworks Animation Animation Skg, Inc (U.S.)
• Toei Animation Co (Japan)
• Shanda Games Ltd (U.S.)
• Global Digital Creations Holdings (U.K.)

INDUSTRIAL DEVELOPMENT

July 2021: Adobe has partnered with Blender to develop new plug-ins and funding for the 3D industry to ensure products like Mixamo and Substance 3D are available to as many consumers as possible.

REPORT COVERAGE

The study offers insights into upcoming market developments and includes a thorough SWOT analysis. In addition to investigating a broad range of market categories and possible applications that could influence the market's trajectory in the upcoming years, it looks at a number of aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible areas for growth by taking into account both historical turning points and present trends.

In order to provide a comprehensive analysis, the research report explores market segmentation using both qualitative and quantitative research approaches. Additionally, it assesses how strategic and financial viewpoints affect the market. Additionally, taking into account the primary drivers of supply and demand that impact market growth, the research gives national and regional assessments. The market shares of major competitors are included in the finely researched competitive landscape. New research approaches and player tactics for the expected period are included in the paper. All things considered, it provides thorough and insightful information about market dynamics in an official and approachable way.