3D Animation Market Size, Share, Growth Analysis, By Technique(Motion graphics, visual effects, 3D modeling, and 3D rendering), By Component(Services, hardware, and software), By Deployment(On-premise and on-demand), By End-user(Manufacturing, healthcare & life sciences, government & defense, education & academics), By Region - Industry Forecast 2024-2031

In 2021, North America accounted for the highest revenue share of the global market. Despite the huge popularity of 3D animation in the form of anime in the country of Japan, the development of animation technology is much stronger than in North America. A select group of key clients such as Fox Studios, Disney, and Nickelodeon are present in the United States, as well as the widespread use of this technology and increased R&D spending by regional industry leaders. Both the establishment of major animation studios in the West and the expansion of 3D animated game production represent tremendous growth for the North America region. Additionally, the use of 3D animation in the healthcare sector to help medical students and professionals acquire medical training is driving the market growth.

Asia Pacific region is expected to have the highest CAGR of 13.3% during the forecast period. Growing investments in the markets of China, South Korea, and Japan, which is a promising technology for the future, will see the biggest growth in this region.

The use of simulation technology in Europe is expected to grow rapidly. The growing demand for technology in the sports and entertainment industry could be the reason behind this expansion. The regional market is driven by the ongoing advancement of technology and the growing popularity of cartoon visuals and content, particularly in Germany.