3D Animation Market - The Rising Use of Digital Imaging and Modeling Technologies

The global 3D animation market has grown hand in hand with the rising use of digital imaging and modeling technologies and has now become an integral part of several end use sectors. The global 3D animation market is likely to undergo rapid growth over the 2017-2022 forecast period due to consistent growth in demand from leading end users such as the media and entertainment sector. The rising utility of 3D animation technology due to complementary upgrades in other areas of the digital imaging sector is likely to drive smooth growth of the global 3D animation market over the coming years. The global 3D animation market is likely to exhibit a strong 14.5% CAGR over the 2017-2022 forecast period, according to Transparency Market Research.

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The global 3D animation market is likely to reach 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. Growth of the global 3D animation market is driven primarily by the growing sophistication of 3D animation technology, which has diversified its utility and stretched the boundaries of what the 3D animation market is capable of and where it can be applied.

By hardware type, the report segments the global 3D animation market into video card and GPU, motion capturing systems, workstations, and other hardware. Of these, video cards and GPU are likely to remain the dominant contributor to the global 3D animation market in the coming years due to the crucial importance of these components of the final output of the 3D animation processes. The video cards and GPU segment accounted for 35.7% of the global 3D animation market in 2017, with a valuation of more than US$4.8 bn, and is likely

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