The global animation and VFX market size was US$ 167.9 billion in 2021. The global animation and VFX market size is forecast to reach US$ 401.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2022 to 2030. 

An animation is a form of art in which images are made to appear as if they are moving. The animation industry in India and around the world is massive and developing. Advertising campaigns, educational CDs, animated films, and animated websites, among other things, have a sizable market. Visual effects, or VFX, is the process of combining real-world filming with animated graphics. 

Factors Influencing Market Growth

• The rise in 3D-UHD animated films in theatres, the growing use of animation and visual effects in TV, advertising, and gaming, and the expansion of VFX outsourcing due to cost-effectiveness, which specializes in the kid's genre, and the growing popularity of streaming video, are forecast to drive the global market.
• Integrating the latest OTT services across existing subscription-based streaming devices in emerging nations fuels the global market growth.
• Development in software and media piracy may slow down the overall market growth.

Impact Analysis of COVID-19

The COVID-19 pandemic had a negative impact on the global market.

Due to the COVID -19 epidemic, major events such as award presentations, concerts, and performances had to adapt to new digital formats. As new demands arose, the VFX business changed to meet them. For their sets, many big-budget Livestream performances significantly included VFX compositing. Sports leagues are attempting to mimic the enthusiasm of a live event by using VFX to simulate artificial audiences. Getting new ventures off the ground has been increasingly difficult, especially when incorporating overseas partners. There were also issues with studios that were delivering projects. Broadcasters' revenues were reducing.

Regional Insights

The Asia Pacific region is forecast to have extensive growth in the market during the forecast period. The rising consumption of more immersive content across multiple channels such as ultra-high-definition TVs, tablets, and smartphones to head-mounted devices is driving the animation and VFX market demand, particularly in China. Developing many training programs, software, and e-learning platforms in this region's curriculum that use simulated material and videos are forecast to fuel significant growth in the education and academics market.

Leading Competitors

The leading prominent companies profiled in the global animation & VFX market are:

• Adobe Inc.
• iPi Soft LLC.
• Clara.io (Exocortex Technologies Inc.)
• Autodesk Inc.
• Lost Marble LLC
• Dwango co. Ltd
• Blender Foundation
• Animaker Inc.
• Toon Boom Animation Inc.
• Act-3D B.V.
• Epic Games Inc.
• The Foundry Vision Mongers Ltd
• Planetside Software LLC
• Bondware Inc
• Other Prominent Players

Scope of the Report

The global animation & VFX market segmentation focuses on Animation Platform, Type, End-Users, and Region.

Segmentation based on Animation Platform

• Television and OTT
• Films
• Advertisement
• Gaming
• Other Animation Platforms

Segmentation based on Type

• 2D
• 3D
• Motion Graphics
• Stop Motion Animation
• Prosthetics
• Matte Painting
• Computer Generated Imagery (CGI)
• Compositing and Green Screen VFX
• Others

Segmentation based on End-Users

• Media
• BFSI
• Entertainment
• Gaming
• Defense
• Other End-Users

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America