According to a new research report released by Fact.MR, revenue from the global 3D animation market is projected at US$ 24.11 billion in 2024 and has been forecasted to rise at a noteworthy CAGR of 11.7% to touch US$ 73.13 billion by 2034. The growing popularity of animated content on digital platforms, such as social networking, streaming services, and mobile apps, is driving up demand for 3D animation.

More individuals are searching for readily available, aesthetically pleasing resources that entertain, educate, and engage them. Animated material fully satisfies these criteria by presenting complex information in an aesthetically beautiful and simply understood way. Several content creators, marketers, and media companies are making huge investments in 3D animation technology to produce high-quality animation that stands out in the chaotic digital environment.

The North American region holds a significant portion of the global 3D animation market due to the presence of strong gaming and entertainment industries. The demand is increasing significantly in Hollywood due to strong requirements for animated films and special effects.

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Key Takeaways from the Market Study:

• The global market for 3D animation is forecasted to touch a value of US$ 73.13 billion by the end of 2034.
• Demand for hardware components is evaluated to reach US$ 35.98 billion by 2034-end.
• North America is estimated to hold a 33.7% share of the global market in 2024.
• The market in the United States is projected to reach a valuation of US$ 19.22 billion by 2034.
• Demand for 3D animation in Japan is estimated at US$ 1.23 billion in 2024 and is projected to touch US$ 3.96 billion by 2034-end.
• The market in East Asia is approximated to advance at a CAGR of 12.9% from 2024 to 2034.
• Based on technology, 3D modeling is analyzed to hold a 36.9% market share in 2024.

“Leading companies in the 3D animation market are focusing on growing their service offerings. For 3D animation projects, they offer a range of services for movies, TV shows, video games, advertisements, and VR/AR applications,” says a Fact.MR analyst.

High Popularity of 3D Modeling in Several Industries

When it comes to creating complex and realistic digital objects, locations, and characters, 3D modeling is in high demand compared to other technologies. 3D modeling plays a crucial role in 3D animation by producing the visual elements that give animated scenes life. The elaborate structures achieve a high degree of realism and immersion by the meticulous manipulation of shape, texture, and proportion. This is what makes 3D modeling more in demand than other technologies used in the 3D animation process, and it is important for a variety of industries, including gaming, entertainment, architecture, and product design.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the 3D animation market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on component (hardware, software, services), technology (3d modeling, motion graphics, 3d rendering, visual effects), and end user (media & entertainment, education, healthcare, architecture), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

Key Companies Profiled:

Adobe; The DVI Group; Autodesk Inc.; Spin Creative; Yans Media; Indigo Productions; Corel Corporation; Deep Motion; Corus Entertainment Inc.; NVIDIA Corporation; Trimble Navigation Ltd.; Spaceblock; LOCUS Animation Studios; Newen Studios.

Industry News:

MEW is a token based on a cat theme on the Solana blockchain and is the first of its kind in entertainment. In August 2024, this retail product line by memecoin community entered into a partnership with LOCUS Animation Studio. Through this collaboration, MEW's captivating story will be brought to life in a brand-new 3D animated series that will pioneer the unprecedented fusion of cryptocurrencies and popular culture.

In November 2023, with the release of MotionGPT, DeepMotion, a manufacturer of AI-powered motion capture equipment, hopes to completely transform the animation industry. This application ushers in a new era of democratization in animation creation by smoothly transforming text prompts into complex 3D animations through the power of generative AI.

In July 2024, Seraphim, a new animation pipeline that promises to blur the line between concept art and production, was introduced by Canada's Mercury Filmworks and France & Canada's Blue Spirit Studios, both of which are a part of TF1 Group's Newen Studios.

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