Market

Market Overview

The global animation industry is currently facing an unprecedented surge, positioning itself as a lucrative and expansive market for innovation and investment.

Current Market Size and Growth Prospects:

• The animation market was valued at USD 391.19 billion in 2022 and is projected to go up to over USD 587.1 billion by 2030, growing at a CAGR of 5.2% between 2022 and 2030.

FIGURE 1. Size of the animation market worldwide from 2020 to 2030 (in billion U.S. dollars). Source: Statista.com

Animation Market, By Geography:

• North America

• Europe

• Asia Pacific

• Rest of the world

On the basis of Geography, the Global Animation Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The North American region holds a large number of shares in the market because of the various end-use applications and major key players in the region. At the same time, Asia-Pacific is the fastest-growing region because of the increasingly advanced technologies and increasing demand for animation in evolving economies, which boosts the market growth of the Animation Market.

FIGURE 2. Global Animation Market by type. Source: www.verifiedmarketresearch.com

The table illustrates that 2D animation dominates the market, holding the largest share in 2022. This trend is anticipated to persist until at least 2030, with 2D animation maintaining larger market sizes compared to Stop Motion and Flipbook animation.

Based on Application, the market is segmented into Media & Entertainment, Automotive, Online Education, and Others. The Media & entertainment segment holds a large number of shares in the market because its vast applications like film, radio, television, and print make up the media and entertainment industry, which is the factor that boosts the market growth of the Animation Market.

FIGURE 3. Global Animation Market by application. Source: www.verifiedmarketresearch.com

Opportunities for the OpenMotion ecosystem:

1. Addressing Market Demand: Tapping into the growing demand for diverse animated content across various demographics.

2. Innovative Content Financing: Exploring new financing models, like tokenization, to democratize funding for independent creators.

3. Global Reach: Capitalising on the scalability of digital platforms to reach a global audience.

4. Technological Integration: Utilising blockchain and NFTs to innovate in content ownership, distribution, and audience engagement.