OCT 11, 2019: The global 3D animation market size is anticipated to reach USD 28.30 billion by 2025 expanding at a CAGR of 11.0%, according to a new report by Radiant Insights, Inc. Wide usage of the technology in the manufacturing, healthcare & life sciences, media & entertainment, and education & academics industries is anticipated to be the key factor driving the market over the forecast period. The technology can offer several benefits. For instance, three-dimensional animated videos can help students studying medicine in understanding the complexities associated with the human anatomy effectively as compared to the conventional 2D illustrations and photographs.
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Similarly, the technology can also be used in schools and colleges to effectively explain various scientific concepts to the students. In the manufacturing sector, machining shops can develop 3D models of parts and components before their production, which can also aid in 3D printing. Growing use of the technology in educational and academic applications is expected to impel the market growth. Several developers of educational apps and e-learning platforms have started incorporating 3D animated videos in their educational curriculum. Similarly, Scientific Animations Without Borders (SAWBO) is creating scientifically-accurate three-dimensional animations for educational purposes.
Further key findings from the study suggest:
• The visual effects segment is anticipated to expand at the highest CAGR of 12.9% from 2019 to 2025 and 3D modeling is expected to emerge as the largest segment over the forecast period
• The media & entertainment end-use segment is likely to register the largest market revenue share of 34% by 2025
• Software is projected to be the largest as well as fastest-growing component segment over the forecast period
• North America led the overall market in 2018 and is projected to maintain its dominance during the estimated period
• However, the market in Asia Pacific region is said to expand at the highest CAGR of 11.9% from 2019 to 2025
• Some of the key companies in the global 3D animation market include NVIDIA Corp.; Autodesk, Inc.; Adobe Systems Inc.; Corel Corp.; NewTek, Inc.; and Zco Corp.
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Information Procurement
1.1.1. Purchased Database
1.1.2. GVR’s Internal Database
1.1.3. Secondary Sources
1.1.4. Third Party Perspective
1.1.5. Primary Research
1.2. Information Analysis & Data Analysis Models
1.3. List of Data Sources
1.4. Research Scope & Assumptions
Chapter 2 Executive Summary
2.1 3D Animation Market – Industry Snapshot & Key Buying Criteria, 2018 – 2025
Chapter 3 Industry Outlook
3.1 Market Segmentation & Scope
3.2 3D Animation Market Size and Growth Prospects
3.3 3D Animation Market – Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing adoption of visual effects in media and entertainment industry
3.4.1.2 Growing use of 3D animation technology in other segments
3.4.1.3 Increasing competitiveness in the virtual reality, artificial intelligence, and augmented reality
3.4.2 Market restraint analysis
Continued…
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Market SnapshotMarket Research Future (MRFR), studied the impact of COVID-19 on the Global 3D Animation Market 2020.
The growing presence of moving images in the digital era is expected to cause the expansion of the 3D animation market in the years to come.
The rapid expansion of the media and entertainment sector can impel the expansion of the worldwide 3D animation market.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2760The rise in the demand for 3D animation can be attributed to the high adoption of visual effects technology in different movies.
The availability of effective 3D animation software for the creation of highly preferred 3D animation movies can drive the 3D market across the global market.
In 2017, the 3D animation market held 42.1% of the world market.
