Global Generative AI In Animation Market By Type (Transformers, and Other Types), By Components (Solutions and Services), By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
- Published date: March 2024
- Report ID: 98983
- Number of Pages: 230
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Report Overview
The Global Generative AI in Animation Market size is expected to be worth around USD 17.7 Billion by 2033, from USD 1.2 Billion in 2023, growing at a CAGR of 35.7% during the forecast period from 2024 to 2033.
Generative AI in Animation refers to the application of artificial intelligence techniques, specifically generative models, in the field of animation production. It involves using algorithms and machine learning to generate realistic and creative animations automatically or assist human animators in the animation creation process.
The generative AI in animation market is witnessing significant growth and offers promising market opportunities. The demand for high-quality animations in various industries, including entertainment, gaming, advertising, and education, is driving the adoption of generative AI techniques. Companies specializing in animation production, software development, and AI research are actively investing in this domain to develop advanced tools and platforms that leverage generative AI for animation creation.
The market is expected to witness the emergence of new software solutions and frameworks dedicated to generative AI in animation. These tools will provide animators with powerful capabilities to generate complex scenes, automate repetitive tasks, and explore new animation styles. Additionally, the market presents opportunities for collaborations between AI researchers and animation studios to develop customized solutions that cater to specific industry needs.
The utilization of Generative AI in animation production is anticipated to witness a significant upsurge, with an expected increase of over 40% in 2023. This growth is predominantly driven by the technology’s capacity to streamline workflows and mitigate costs, presenting a compelling case for its integration across the animation industry.
According to a recent report, more than 60% of animation studios are either actively exploring or have already begun implementing Generative AI solutions within their production pipelines. This widespread adoption underscores the industry’s recognition of Generative AI’s potential to revolutionize traditional production processes.
Furthermore, the deployment of Generative AI in animation production is projected to lead to a 30% reduction in overall production time and costs. Such a significant decrease not only enhances efficiency but also enables studios to allocate resources more effectively, potentially accelerating the development of creative projects and innovation within the sector. This shift towards Generative AI demonstrates the animation industry’s move towards more technologically advanced and cost-efficient production methodologies
Key Takeaways
- The Generative AI in Animation market is estimated to register the highest Compound Annual Growth Rate (CAGR) of 35.7%, projecting to reach a substantial value of USD 17.7 billion by 2032, compared to USD 1.2 billion in 2023.
- The demand for animators with skills in Generative AI is expected to increase by over 25% in 2024, as the technology becomes more widely adopted in the industry. This anticipated growth underscores the importance of Generative AI in enhancing animation capabilities and the need for skilled professionals in this area.
- Integration of Generative AI into animation workflows can lead to a 20% increase in creative productivity for animators and artists. This improvement highlights the potential of Generative AI to streamline processes and enable more efficient creation and development of animated content.
- Over 75% of animation professionals believe that Generative AI will have a significant impact on the industry within the next five years, with many studios already adopting the technology. This consensus indicates a strong belief in the transformative power of Generative AI in animation, suggesting widespread adoption and integration in the near future.
- The demand for cloud-based Generative AI services for animation is anticipated to witness a 35% increase in 2023. This growth is propelled by the industry’s need for scalable and collaborative workflows, highlighting the shift towards more flexible and efficient production methods.
- The application of Generative AI in animation has been shown to result in a 20% reduction in the data required for training machine learning models. This efficiency not only leads to cost savings but also accelerates the development of innovative and creative solutions, underscoring the potential of Generative AI to revolutionize animation production processes.
- Several leading streaming platforms, such as Netflix, Disney+, and Amazon Prime Video, are actively exploring the integration of Generative AI to enhance the quality and efficiency of their animated content production. This trend reflects a broader industry movement towards adopting advanced technologies to meet the increasing demand for high-quality animated content, while also seeking to optimize production timelines and costs
By Type Analysis
The Transformer Segment Dominates the Growth Of The Market.
Based on the type, the market is segmented into transformers, GANs, VAEs, and other types. The transformer segment holds the largest market share and dominates the growth of the market. The transformer segment is experiencing growth due to the rise in the adoption of generative AI in animation by major key players. The increase in awareness about the benefits of transformer solutions is also helping the growth of the segment.
By Component Analysis
The Solution Segment Dominates The Growth Of The Market
Based on the components, the market is segmented into solutions and services. The solution segment dominates the growth of the market and holds the largest market share during the forecasted period. The growing false activities, overestimation of capabilities, unexpected outcomes, etc., are the factors that are driving the growth of the segments. The service segment is also expected to grow at a significant CAGR during the forecasted period.
Note: Actual Numbers Might Vary In The Final Report
By Application Analysis
The Television And OTT Segment Dominates The Growth Of The Market.
Based on the application, the market is segmented into Television and OTT, Flims, Advertisements, Gaming, and Other Applications. The television and OTT segment dominated the market in 2022. This is because numerous series, movies, and other types of content are available on OTT nowadays. In addition, many of them take the help of AI in their animations. Therefore, the segment’s growth is seen due to this growth in streaming content worldwide.
Key Market Segments
Based on Type
- Transformers
- GANs
- VAEs
- Other Types
Based on Components
- Solutions
- Services
Based on Application
- Television and OTT
- Films
- Advertisements
- Gaming
- Other Applications
Driving Factors
The Cost Saving And Increased Work Efficiency
The key driver of generative AI in animation is the ability to create a new visual and unique output. The AI can obtain a visual for animation purposes that have never been seen before. The increase in the efficiency and productivity of animation is the main factor that is driving the growth of this industry. The cost saving can be done with the help of generative AI in animation, as it reduces labor costs and the overall cost of production of the animation content. These are the factors that are driving the growth of the market.
Restraining Factors
The High Cost of the Software and Hardware Required to Operate the Generative AI
Although all the tools of generative AI are accessible, the software and hardware which is required to run the AI are expensive and can restrain the growth of the market. Hence, the cost required to render the output is high, as AI requires a lot of computing power, which is also a major factor in restraining the growth of the market. The high cost of setup, which is required to make the AI work, is the factor that is restraining the growth of this industry.
Growing Opportunities
Advancement in Technologies and The Rising Awareness about Generative AI
Due to continuous advancement in technologies, generative AI models are getting utilized across different types of companies and industries. Due to the rising awareness of AI, especially in the animation industry due to its ability to save time and money, the growth of the market is very noticeable.
The increase in the adoption of AI in animation to create visuals that have never been seen before is something very important that is required wherever there is a lack of creativity. AI in animation is likely to become increasingly integrated with other technologies, such as the Internet of things and cloud computing, which can create new opportunities to drive the growth of the market.
Latest Trends
Designing Videos and Adding Animations
AI in animation is used to automate a widespread of tasks, from designing the video to adding animations to it. This trend is aiding organizations to increase the work’s efficiency and decrease labor costs while relieving workers to focus on higher-value work. It can help design the animation and background that sometimes humans can never imagine.
Regional Analysis
North America Dominated The Market in 2022
North America accounted for the largest market share in 2022 and is expected to continue it over the forecast period. Favorable government initiatives to encourage the approval of AI in animation across several industries are driving the growth of the market in the region. The regional market for Asia-Pacific is also projected to witness lucrative growth during the forecast period due to an increasing number of start-ups in the region utilizing generative AI in animation to improve operational efficiency and allow procedure automation.
Note: Actual Numbers Might Vary In The Final Report
Key Regions and Countries Covered in this Report:
- North America
- The US
- Canada
- Europe
- Germany
- France
- The UK
- Spain
- Italy
- Russia
- Netherland
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia
- New Zealand
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Key Players Analysis
The key major players are focusing on research and development to maintain a competitive advantage in the market. Emerging key players are focused on innovative technologies in the generative AI in animation to increase their market share. Furthermore, increasing the quality of the content produced is also a big focus of these key players, which is expected to drive the market’s growth.
Market Key Players:
- Stable Diffusion
- PentoPix Ltd.
- RADiCAL Solutions, Inc.
- Towards AI
- Synthesia
- Other Key Players
Recent Developments
- Meta introduced make-a-video in September 2022, which is the most developed and latest AI system, which can convert text prompts into video clips that are high quality.
- Foxconn Industries and Qualcomm Technologies Inc. collaborated to develop and deploy a new AI-based system with high processing speed.
Report Scope
Report Features Description Market Value (2022) USD 0.9 Bn Forecast Revenue (2032) USD 17.7 Bn CAGR (2023-2032) 35.7% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Type: Transformers, GANs, VAEs, and Other Types; By Components: Solutions and Services; By Application (Television and OTT, Flims, Advertisements, Gaming, and Other Applications. Regional Analysis North America – The U.S. & Canada; Europe – Germany, France, The UK, Spain, Italy, Russia, Netherlands & Rest of Europe; APAC- China, Japan, South Korea, India, Australia, New Zealand, Singapore, Thailand, Vietnam & Rest of APAC; Latin America- Brazil, Mexico & Rest of Latin America; Middle East & Africa- South Africa, Saudi Arabia, UAE & Rest of MEA Competitive Landscape Stable diffusion, PentoPix Ltd., RADiCAL Solutions, Inc., Towards AI, Synthesia, and Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What will be the market size for generative AI in Animation Market in 2032?In 2032, the generative AI in Animation Market will reach USD 17.7 billion.
What CAGR is projected for the generative AI in Animation Market?The generative AI in Animation Market is expected to grow at 35.7% CAGR (2023-2032).
Name the major industry players in the generative AI in Animation Market.Stable Diffusion, PentoPix Ltd., RADiCAL Solutions, Inc., Towards AI, Synthesia, Other Key Players and Other Key Players are the main vendors in this market.
List the segments encompassed in this report on the generative AI in Animation Market?Market.US has segmented the generative AI in Animation Market Market by geographic (North America, Europe, APAC, South America, and MEA). By Type, market has been segmented into Transformers, GANs, VAEs, and Other Types. By Components, the market has been further divided into, Solutions, Services.
Generative AI In Animation MarketPublished date: March 2024add_shopping_cartBuy Now get_appDownload Sample - Stable Diffusion
- PentoPix Ltd.
- RADiCAL Solutions, Inc.
- Towards AI
- Synthesia
- Other Key Players
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