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

3D Animation Market size was valued at USD 17.21 billion in 2019 and is poised to grow from USD 19.32 billion in 2023 to USD 46.89 billion by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).

The market is expected to grow owing to the increasing use of technology in media and entertainment, healthcare and life sciences, and education and research. The use of visual effects technology in games, mobile applications, and films will all contribute to growth. Additionally, the widespread use of 3D animation for special effects in the entertainment industry will drive the market over the forecast period. 3D animation is most widely used in the entertainment industry. It is widely used in the entertainment sector for various purposes. It is gaining popularity for use in both live-action and animated television and film, as well as for adding special effects to both media. It serves as a hub for the growing gaming industry. Video games and Internet games are increasingly using 3D animation. It is becoming popular in the education sector as children are able to remember videos better and with remote learning.

Additionally, it is used in scientific applications such as research and analytical research. It is used to create a 3D model, to display an accurate representation of an object. Concerns about piracy and the high cost of producing 3D animations are expected to hinder the overall growth of the market. For market participants, the advent of 4D and 5D technologies, as well as the development of virtual reality and artificial intelligence technologies, offer lucrative opportunities.

US 3D Animation Market is poised to grow at a sustainable CAGR for the next forecast year.