NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) — Global Market for Generative AI in Animation US$900 million 2022. CAGR 35.7% In the period from 2023 to 2032, US$17.7 billion AI can be used in animation processes such as creating backgrounds, visuals, and environments. AI is mainly used in the animation industry to plan scenes and camera movements. It can also be used to stimulate facial muscles and the body. It can be used for image creation and video creation and can be used for several other applications.
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Important points:
- By typethe transformer segment generated the largest revenue share in 2022.
- By component, Solution segment dominates the marketand is expected to grow at the highest CAGR over the forecast period of 2023-2032.
- In 2022, North America Dominating the market with the highest price Revenue share 38.2%.
- The APAC region held the second largest market share in 2022.
- APAC will grow at a significant rate from 2023 to 2032.
AI plays an important role in the animation process as it can improve animation quality and potentially speed up the process. This allows creators to focus more on the creative side of the work they do. This AI has the ability to change and transform the way companies work. Generative AI in animation can be used for applications such as story generation, animated image generation, animated image editing, and video generation, and can be done in a short amount of time.
What factors will influence the growth of generative AI in the animation market?
Several factors may influence the growth of generative AI in the animation market. These factors include:
- technological progress: Technological advances in the field of AI are progressing very rapidly. The more AI advances, the more efficiently it will be able to generate content. This is what drives the growth of generative AI in the animation market.
- cost savings: Generative AI saves a lot of labor costs because it does the work of many individuals in a short amount of time. Short-term investments are expensive at first, but they offer long-term value, which is why many market participants prefer this, which ultimately helps the market grow.
- Work efficiency up: Generative AI in animation not only saves costs, but takes relatively less time than human workers. Not only does this make you more efficient, it also saves you money in the long run, as time is one of the most important things in content production.
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Global Generative AI Top Trends in Animation Market
Animation AI is used to automate a wide range of tasks, from designing videos to adding animations. This trend is helping organizations increase work efficiency and reduce labor costs while freeing employees to focus on higher value work. It helps you design animations and backgrounds that are beyond human imagination.
market growth
The continuous development of technology will see the growth of the market. This improves work efficiency and the quality of the content produced. However, adoption of generative AI in animation is hardly difficult due to factors such as the high cost of the software and hardware required to run AI. Meanwhile, decreasing labor costs are increasing the demand for generative AI in animation. These are the factors that are driving the growth of the market.
Regional analysis
North America will hold the largest market share in 2022 and is expected to continue to do so during the forecast period. are driving the growth of the market. The Asia Pacific regional market will also witness profitable growth during the forecast period owing to an increasing number of start-ups utilizing generative AI in animation to improve operational efficiency and enable automation of procedures. expected to be seen.
competitive environment
Major key players are focusing on research and development to maintain their competitive advantage in the market. Emerging players are focusing on innovative techniques in animation generation AI to increase market share. Moreover, improving the quality of produced content is also a major focus of these key players, which is expected to drive market growth.
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Reporting scope
| report attribute | detail |
| Market value (2022) | US$900 million |
| Market size (2032) | US$17.7 billion |
| CAGR (from 2023 to 2032) | 35.7% |
| North America revenue share | 38.2% |
| APAC revenue share | 30.1% |
| historical period | 2016-2022 |
| base year | 2022 |
| Forecast year | 2023-2032 |
market driver
A major driver of generative AI in animation is the ability to create new visual and unique outputs. AI can get visuals for animation like never before. Improving animation efficiency and productivity are the major factors driving the growth of the market. Cost savings can come with the help of generative AI for animation as it reduces labor costs and the overall cost of producing animated content. These are the factors that are driving the growth of the market.
market constraints
While we have access to all the tools of generative AI, the software and hardware required to run AI is expensive and could constrain market growth. Therefore, as AI requires a lot of computing power, the cost required to render the output is high, which is also a key factor restraining the growth of the market. Therefore, the high setup cost required to make AI work is also restraining the market growth.
market opportunity
Due to continuous technological advances, generative AI is being used in a wide variety of companies and industries. Especially in the animation industry, the market growth is very noticeable due to the growing awareness of AI and its ability to save time and money. The increasing adoption of AI in animation to create never-before-seen visuals is hugely important and always needed when creativity is scarce. Additionally, AI in animation is likely to be increasingly integrated with other technologies such as the Internet of Things and cloud computing, creating new opportunities to drive market growth.
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Report Segmentation of Generative AI in the Animation Market
type insight
Based on type, the transformer segment holds the largest market share and dominates the market growth. The Transformers segment is experiencing growth due to the increasing adoption of generative AI in animation by major key players. Growing awareness of the benefits of transformer solutions is also boosting the growth of this segment.
Component Insights
The solutions segment holds the largest market share and is expected to dominate market growth during the forecast period. Rise in deceptive activity, overestimation of features, unexpected results, etc. are the factors driving the growth of this segment. The services segment is also expected to grow at a significant CAGR during the forecast period.
Application Insight
Based on application, the TV and OTT segment will dominate the market in 2022. This is because numerous series, movies, and other types of content are now available on his OTT. Moreover, many of them are aided by AI in their animation. Hence, the growth of this segment will be seen by the growth of streaming content worldwide.
Recent Developments in Generative AI in the Animation Market
- In September 2022, Meta introduced Video Creation, the most developed and modern AI system that can convert text prompts into high-quality video clips.
- Foxconn Industries and Qualcomm Technologies Inc. have collaborated to develop and deploy a new AI-based system with high processing speed.
For more historical and forecast market data from 2016 to 2032, download our sample report. https://market.us/report/generative-ai-in-animation-market/request-sample/
market segmentation
By type
- transformers
- GANs
- VAE
- Other types
By component
by application
- TV and OTT
- movie
- advertisement
- game
- Other applications
by geography
- North America
- Western Europe
- Germany
- France
- England
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Czech Republic
- Greece
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- Korea
- India
- Australia and New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- sea bream
- Vietnam
- Rest of Asia Pacific
- latin america
- Brazil
- Columbia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East and Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- turkey
- United Arab Emirates
- Rest of the MEA
major market players
- stable diffusion
- Pentopics Inc.
- Radical Solutions Co., Ltd.
- Towards AI
- Sinceresia
- Other major players
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