SAN FRANCISCO, Aug. 17, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “3D Animation – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 1721
Companies: 42 – Players covered include Adobe Systems, Inc.; Autodesk, Inc.; AutoDesSys, Inc.; Corel Corporation; MAXON Computer GmbH; NewTek, Inc.; NVIDIA Corporation; Pixologic, Inc.; SideFX; The Foundry Visionmongers Ltd.; Toon Boom Animation, Inc.; Trimble Navigation Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Technology (3D Modeling, Motion Graphics, 3D Rendering, Visual Effects, Other Technologies); Vertical (Media & Entertainment, Healthcare & Lifesciences, Manufacturing, Architecture & Consultation, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global 3D Animation Market to Reach $27.1 Billion by 2026
Amid the COVID-19 crisis, the global market for 3D Animation estimated at US$14.6 Billion in the year 2020, is projected to reach a revised size of US$27.1 Billion by 2026, growing at a CAGR of 10.5% over the analysis period. 3D Modeling, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$11.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Motion Graphics segment is readjusted to a revised 11.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.4 Billion in 2021, While China is Forecast to Reach $5.6 Billion by 2026
The 3D Animation market in the U.S. is estimated at US$4.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2026 trailing a CAGR of 14% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 9.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.
3D Rendering Segment to Reach $6.1 Billion by 2026
In the global 3D Rendering segment, USA, Canada, Japan, China and Europe will drive the 9.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$877.9 Million by the year 2026, while Latin America will expand at a 11.2% CAGR through the analysis period. More
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SOURCE Global Industry Analysts, Inc.