3D Animation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Albany, NY -- (SBWire) -- 05/21/2018 --the global 3D animation market will witness a double-digit expansion of 14.5% CAGR between 2017 and 2022. The market is anticipated to rise from US$13.6 in 2017 to US$26.8 bn by 2022. On the basis of hardware, the global 3D animation market is anticipated to be led by the video cards and GPU segment. The video card and GPU segment accounted for 35.7% of the market in 2017 and was worth US$4.8 bn in the same year.

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The major drivers propelling growth of the 3D animation market are assessed to familiarize readers with the factors likely to aid their efforts in the 3D animation market over the coming years.Key factors boosting the growth of the global 3D animation market is the increasing adoption of 3D visual effects and animation by the entertainment and media industry. Increasing competitiveness on account of the emergence of augmented reality, virtual reality, and artificial intelligence has given a boost to this market.

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The increasing interest of views for animated movies is boosting the growth of the market. The demand for 3D games and mobile applications is also increasing which will in turn fuel the uptake of 3D mapping technology. The increasing uptake of 3D mapping technology in geo spatial analysis as well as in navigation will accelerate the growth of the global 3D animation market.