HOME › Research Insight › Academia and education, and Manufacturing and design are expected to have the highest market growth in the 3D animation market in the coming five years
Academia and education, and Manufacturing and design are expected to have the highest market growth in the 3D animation market in the coming five years
3D animation market is leading by North America followed by Europe and has a huge potential to grow in the other regions too. The market in APAC is increasing due to the growing presence of many market players in Japan, Korea, India and others countries. Many co-production houses of various companies in North America and Europe are present in Asia. The market is also gaining traction due to cheap skilled labor and low cost of production available in this region. 3D animation market is expected to grow from $21.06 billion in 2014 to $40.78 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 14.1%.
The technologies and software are being upgraded continuously and innovatively in this market. The use of hardware is also becoming limited which is also helpful for the growth of software and services market. The market share of plug-in software is increasing at a high Compounded Annual Growth Rate (CAGR) in the software market while the product training and certification service market is growing at the highest CAGR in the services market.
The animated visuals are significantly more expressive than 2D diagrams and textual material in the education sector. The 3D animated visuals provide a deeper and simplified insight about an educational concept or project. Many 3D animation schools and institutions are present all over the world which offers 3D animation workshops and training programs for students to learn high-end 3D animation software engines. Many of these courses are also certified. Many students already are inclined towards it as a full-fledged career and this number is definitely bound to increase.
The CAD based 3D animated models are increasingly being used in the manufacturing and design sector. The 3D animated graphics assists in understanding the operational mechanisms very thoroughly. For instance, 3D animations are used to demonstrate the detailed working of an engine; 3D animated models are also used in aerospace engineering and various other manufacturing units. Similarly, superior quality 3D animated models and 3D simulations are used for simplifying the understanding of production systems, equipments and processes which are used in manufacturing industry, astronautics, astrophysics, nuclear physics and more engineering departments using software such as AutoCAD. Thus, the growth rate is of this vertical is also expected to be high for the next five years. Apart from these, the other verticals which are growing at a higher CAGRs are defense and intelligence, and architecture, building and construction.
3D Animation Market by Hardware (Workstations, Video Card/GPU, Mocap system), Software (Packaged Software/Platform, SDK, Plug-in Software), Service (Consulting, Support & Maintenance, Development & Integration, Training & Certification) - Worldwide Forecasts & Analysis (2014-2019)
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