Skip to main content

3D Animation Market Technological breakthroughs, Value chain and stakeholder analysis

The global 3D Animation Market is likely to exhibit rapid growth in the coming years due to the rapid growth in its usage in a wide range of end use industries. The 3D animation market has benefited from the steady development of 3D animation technology in recent years, which has enabled its use in a diverse range of industries and for diverse applications. The global 3D animation market is likely to rise at a strong growth rate in the coming years due to the growing prominence of the media and entertainment sector, which has become a vital end user for the 3D animation market, the construction and engineering sector, which has seen growing use of 3D animation for modeling in order to improve the characteristics of the final product, and manufacturing, which has been transformed by the adoption of digital modeling technology.

According to Transparency Market Research, the global 3D animation market is likely to rise to a valuation of US$13.6 bn by the end of 2017 and further rise to US$26.8 bn by the end of 2022. The global 3D animation market is likely to exhibit a robust 14.5% CAGR over the 2017-2022 forecast period.


Here are the key insights into the growth prospects of the global 3D animation market:

Growth of the media and entertainment industry is crucial for the global 3D animation market. The media and entertainment sector has witnessed a rise in demand for 3D animation in several sectors, including 3D movie making and gaming. Rapid growth of the gaming sector, in particular, has been a feature of the global media and entertainment industry in recent years. The high level of detail required in today’s games has necessitated rapid advancement in 3D animation technology. Rising interest in gaming across the world has seen the gaming sector take on an economically prominent role in the media and entertainment industry in recent years and is likely to remain a crucial driver for the global 3D animation market in the coming years.

The dominance of GPU and video cards in the global 3D animation market is also conducive to steady dominance of the gaming sector as an end user in the global 3D animation market in the coming years. The importance of GPUs and video cards to gaming has ensured steady demand from the 3D animation market as well as a steady stream of investment for research and advancement, which is likely to remain a key driver for the global 3D animation market over the 2017-2022 forecast period.


Strong presence of tech, media, and entertainment industry giants has enabled rapid growth of the 3D animation market in North America. The region is likely to remain the dominant contributor to the global 3D animation market over the 2017-2022 forecast period due to growing demand for advanced video rendering technology from consumers in the highly developed region. The widespread adoption of 3D modeling and animation technology in the construction and engineering sector in North America has also enabled growth in the demand from the 3D animation market in the region.

Global 3D Animation Market: Competitive Dynamics

Leading companies in the global 3D animation market include Autodesk Inc., Adobe Systems Inc., Nemetschek SE, NewTek Inc., NVIDIA Corp., Side Effects Software Inc., Smith Micro Software Inc., Intel Corp., BOXX Technologies Inc., and Advanced Micro Devices Inc.


Leading companies in the global 3D animation market include Autodesk Inc., Adobe Systems Inc., Nemetschek SE, NewTek Inc., NVIDIA Corp., Side Effects Software Inc., Smith Micro Software Inc., Intel Corp., BOXX Technologies Inc., and Advanced Micro Devices Inc. The global 3D animation market could witness the entry of several new players over the coming years due to the lucrative prospects of the market over the 2017-2022 forecast period.


Comments

Popular posts from this blog

Wi-Fi Chipset Market Poised for an Explosive Growth in the Near Future

Wi-Fi is a technology based on the IEEE 802.11 standard which connects two or more devices using wireless communication within a limited area such as office building, school, home, or computer laboratory. Usage of Wi-Fi has increased significantly in residential and commercial places since the last several years due to the ease of its installation and operation. Currently, a number of devices including video-game consoles, digital cameras, digital audio players, digital printers, smart TVs, tablets, phones, and personal computers are available with built-in Wi-Fi technology. These devices can connect to the internet with the help of wireless access point or wireless LAN (Local Area Network) and can provide control and monitoring of a system from a remote location. Wi-Fi chipsets usually operate in 2.4 gigahertz UHF (Ultra High Frequency) band and 5.8 gigahertz SHF (Super high frequency) band. Wi-Fi Alliance, comprising more than 375 organizations worldwide, establishes and enforces W...

Keyless Entry System Market: Industry Outlook, Growth Prospects and Key Opportunities

Keyless entry system is technology that provides physical access to an individual inside any premises or automotive without the use of a mechanical key for performing the locking and unlocking operation. Keyless entry system provides an enhanced convenience and security to the users. In case of a keyless entry system, the users get secure and authorized access to an automotive or premise with the use of various external devices or gesture such as a keyless fob or a smart card, or by the use of their own voice, fingerprints or facial recognition among others. Owing to rapidly increasing adoption of smart technologies across various application sectors, keyless entry systems is increasingly installed among users especially in the transportation sector, government sector, banking financial services and insurance (BFSI) sectors and hospitality industry among others. The global Keyless Entry System market is anticipated to experience a robust growth during the forecast period from 2017 to...

Li-Fi Market - Driving factor is the increase in demand for high-speed data transmission

Li-Fi (light fidelity) is a visible light communications (VLC) system which provides wireless communications at very high speed. Li-Fi is a technology used for wireless communication by using light to transmit data. Li-Fi uses LED bulbs for data transmission. Li-Fi provides higher speed than Wi-Fi. Li-fi technology is faster and it provides more reliable internet connections, and is capable of catering to the demand of high data usage The driving factor for the global Li-Fi market is the increase in demand for high-speed data transmission. Li-Fi technology transmits data at very high speed and is capable of delivering 224GB of data per second. Furthermore, it offers better security as compared to Wi-Fi. Due to its high speed, Li-Fi technology can be widely used in electromagnetic sensitive areas, such as, hospitals, airplanes, and nuclear power plants. Innovation and new product launches are further boosting the growth of the market. For instance, in December 2017, Velmenn introdu...