According to the latest market research study released by Technavio, the global 3D animation market is expected to grow at a CAGR of more than 12% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global 3D animation market based on the industry:
Global 3D animation market share by industry 2015
|
Media and entertainment |
60% |
|
AEC |
20% |
|
Automotive |
10% |
|
Others |
10% |
Source: Technavio
The top three revenue contributing industry segments are discussed below:
Global 3D animation software market for the media and entertainment industry
In 2015, the media and entertainment segment accounted for the largest share of the global 3D animation software market. Gaming is a key global industry that extensively relies on the competence of 3D animations to create engrossing visual effects. Nearly 90% of the games developed since 2010 use 3D animation. The increasing popularity of MOBAs, which feature impressive visual effects, is augmenting the demand for 3D rendering and animation software.
“Currently, the number of short films made in the VR format is on a rise. With the increasing demand for animated movies, many movie makers like Baobaba Studios are exploring the possibilities of VR animated movies. Several movie makers are expected to enter into VR animation film making, leading to the growth of the global 3D animation market,” says Ujjwal Doshi a lead analyst at Technavio for research on media and entertainment.
Animated movies are becoming increasingly popular among the global audience. In 2014, DreamWorks Animation studio generated over $11 billion at the box office for the latest releases in its movie franchises which include The Croods, The Shrek, and Kung Fu Panda. On similar lines, Disney’s Frozen became a worldwide blockbuster and banked more than $1 billion at the box office in 2013. This preference for animated movies among the audience is also contributing to the growth of the global market for 3D animation.
Global 3D animation software market for the AEC industry
The AEC segment occupies around 20% of the global 3D animation market and is expected to showcase substantial growth during the forecast period. The global 3D animation software market for the AEC industry is anticipated to post a CAGR of more than 9% over the next four years. Architectural animation makes it possible to design and understand the details of a structure along with the landscape and terrain conditions. Furthermore, it can also be used to estimate the vehicle and the people capacity of a particular structure.
Global 3D animation software market for the automotive industry
The global 3D animation market for the automotive industry accounted for around 10% of the overall market share during 2015. The automotive market, especially in Europe, makes immense use of 3D animation software for manufacturing cars to give an enhanced overall appearance and design. This segment of the global market is expected to register a CAGR of more than 9% during the forecast period.
Automotive manufacturers based in Germany such as Audi, BMW, Volkswagen, and Mercedes-Benz, keep manufacturing and assembling in-house in their factories and production warehouse and outsource designing to reputable engineering companies that have experience with handling software like CAD which helps the automotive companies in assuring proper utilization and application of the software.
The top leading vendors operating in the global 3D animation software market are:
- Adobe
- Autodesk
- Corel
- Electric Image Animation System
- Maxon
- Side Effects Software
Other prominent vendors in the market include Corastar, Corus Entertainment, Magix, NewTek, and Smith Micro Software.
A more detailed analysis is available in the Technavio report tilted, ‘Global 3D Animation Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global 3D Mapping and Modeling Market 2016-2020
- Global Architectural Rendering Software Market 2016-2020
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