Visual Effects Services (VFX) Market
Visual Effects Services (VFX) Market Size, Share & Trends Analysis Report by Type (Simulation FX, Animation, Modelling, Matte Painting, and Compositing), by Application (Movies, Television, Gaming, Advertisements, and Others), and by Technology (Artificial intelligence (AI), and Augmented reality (AR)) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
VFX market is anticipated to grow at a CAGR of 8.2% during the forecast period (2023-2030). The market’s growth is attributed to the growing demand for high-quality visual effects across the globe. The expansion of the entertainment business and consumer demands for immersive and visually spectacular material have both contributed to a huge increase in the demand for high-quality visual effects in recent years. The demand for VFX services has been driven by the increasing reliance of movies, television shows, and video games on visual effects to produce appealing and realistic graphics. For instance, in August 2022, Ingenuity Studios, represented by Loeb & Loeb, a full-service visual effects company that works with customers in the feature film, episodic television, music video, and advertising industries, joined the global post-production services provided by Streamland Media. With the acquisition, Ingenuity Studios can be allowed to increase the range of services that Streamland Media provides to content producers all over the globe. The offerings include specialised support from Picture Shop's picture division, Ghost VFX's visual effects division, Formosa Group's sound division, and Picture Head's marketing division.
Segmental Outlook
The visual effects services (VFX) market is segmented based on type, application, and technology. Based on type, the market is sub-segmented into simulation FX, animation, modelling, matte painting, and compositing. Based on application, the market is sub-segmented into movies, television, gaming, advertisements, and others. Furthermore, based on technology, the market is sub-segmented into AI and AR. Among the applications, the television manufacturer sub-segment is expected to grow at a considerable CAGR over the forecast period. The segmental growth is attributed to the increasing demand for the usage of visual effects in TV shows, movies, and other media for action sequences, defence scenes, and cameo appearances by superheroes.
The Animation Sub-Segment is Projected to Experience a Substantial Growth of the Global Visual Effects Services Market
Among the types, the animation sub-segment is anticipated to grow at a substantial growth rate. The growth is attributed to the growing demand for advancements in technology across the globe. The VFX business has undergone a revolution as a result of technological developments, enabling more complex and realistic visual effects. Awe-inspiring visuals can now be produced by VFX studios owing to advancements in computer graphics, 3D modelling, rendering, and animation methods. Accordingly, market players are coming up with new products to cater to the demand for cloud-based applications. For instance, in June 2021, Weta Digital, a visual effects studio, and Autodesk, a 3D animation company partnered to launch the cloud-based application WetaM. It combines Maya 3D animation, modelling, rendering, and simulation software from Autodesk with Weta's exclusive special effects tools for artists.
Regional Outlook
The visual effects services (VFX) market is analysed based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, Asia-Pacific is projected to experience prominent growth over the forecast period, driven by the rise in demand can be attributed to businesses investing more in visual effects for content creation and brand enhancement.
Global Visual Effects Services (VFX) Market Growth by Region 2023-2030
The North America region is Anticipated to Hold a Significant Share in the Visual Effects Services (VFX) Market
Among all the regions, the North America region is anticipated to hold a significant share of the VFX market during the forecast period. The regional market growth is attributed to the increasing demand for outsourcing and globalisation across the region. The VFX sector has identified a tendency towards outsourcing and globalisation. Numerous production companies and studios contract out their VFX work to specialised studios or independent contractors, frequently in regions with competitive labour markets. The global market for VFX services has expanded as a result of this outsourcing tendency, that has additionally increased the accessibility and affordability of VFX services, including specialised assistance from Picture Shop, Picture Head, Ghost VFX, Formosa Group, and Picture Shop. For instance, in August 2022, Streamland announced that the company's global post-production services now include the award-winning Ingenuity Studios. With four locations in the US and Canada, Ingenuity Studios broadens the range of services that Streamland Media can provide to content producers all over the globe. These services include specialised assistance from Picture Shop, Picture Head, Ghost VFX, Formosa Group, and Picture Shop, which specialises in visual effects, sound, and picture production.
The major companies serving the global visual effects services market include Animal Logic Group, Cafe FX, Cinesite VFX Ltd., Digital Domain 3.0, Inc., and DNEG PLC, among others. These market players are considerably contributing to market growth by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, funding, and new product launches to stay competitive. For instance, in May 2022, DNEG announced the signing of a new, multiyear services agreement with Netflix. The non-exclusive deal involves DNEG's provision of virtual production and visual effects services for Netflix's original shows and films.
Market Players Outlook
The major companies serving the global soy protein for animal feed market include Animal Logic Group, Cafe FX, Cinesite VFX Ltd., Digital Domain 3.0, Inc., and DNEG PLC, among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global visual effects services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Buf Technologies, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Halo Hues Studios Pvt. Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Technicolor Creative Studios S.A
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Visual Effects services (VFX) Market by Type
4.1.1. Simulation FX
4.1.2. Animation
4.1.3. Modelling
4.1.4. Matte Painting
4.1.5. Compositing
4.2. Global Visual Effects services (VFX) Market by Application
4.2.1. Movies
4.2.2. Television
4.2.3. Gaming
4.2.4. Advertisements
4.2.5. Others
4.3. Global Visual Effects services (VFX) Market by Technology
4.3.1. Artificial intelligence (AI)
4.3.2. Augmented reality (AR)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Animal Logic Group
6.2. Cafe FX
6.3. Cinesite VFX Ltd.
6.4. Digital Domain 3.0, Inc.
6.5. DNEG PLC
6.6. Framestore
6.7. Ghibli Studio Merch
6.8. ImageWorks, LLC
6.9. Nbcuniversal Media, LLC
6.10. Scanline VFX
6.11. Silicon Graphics
6.12. Sony Pictures Entertainment Inc.
6.13. The Walt Disney Co.
6.14. Tippett Studio
6.15. W?t? FX Ltd.
1. GLOBAL VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL SIMULATION FX VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL ANIMATION VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL MODELLING VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL MATTE PAINTING VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL COMPOSITING VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
8. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN MOVIES MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
9. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN TELEVISION MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
10. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN GAMING MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
11. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN ADVERTISEMENTS MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
12. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
13. GLOBAL VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
14. GLOBAL VISUAL EFFECTS SERVICES (VFX) BY ARTIFICIAL INTELLIGENCE (AI) MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
15. GLOBAL VISUAL EFFECTS SERVICES (VFX) BY AUGMENTED REALITY (AR) MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
16. GLOBAL VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. NORTH AMERICAN VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. NORTH AMERICAN VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
19. NORTH AMERICAN VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
20. NORTH AMERICAN VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
21. EUROPEAN VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. EUROPEAN VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
23. EUROPEAN VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
24. EUROPEAN VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. ASIA- PACIFIC VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
27. ASIA- PACIFIC VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
28. ASIA- PACIFIC VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
29. REST OF THE WORLD VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
30. REST OF THE WORLD VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
32. REST OF THE WORLD VISUAL EFFECTS SERVICES (VFX) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
1. GLOBAL VISUAL EFFECTS SERVICES (VFX) MARKET SHARE BY TYPE, 2022 VS 2030 (%)
2. GLOBAL SIMULATION FX VISUAL EFFECTS SERVICES (VFX) MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL ANIMATION VISUAL EFFECTS SERVICES (VFX) MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL MODELLING VISUAL EFFECTS SERVICES (VFX) MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL MATTE PAINTING VISUAL EFFECTS SERVICES (VFX) MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL COMPOSITING VISUAL EFFECTS SERVICES (VFX) MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL VISUAL EFFECTS SERVICES (VFX) MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
8. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN MOVIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN TELEVISION VIDEO MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN GAMING MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN ADVERTISEMENTS VIDEO MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL VISUAL EFFECTS SERVICES (VFX) IN OTHER APPLICATIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL VISUAL EFFECTS SERVICES (VFX) MARKET SHARE ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
14. GLOBAL VISUAL EFFECTS SERVICES (VFX) BY ARTIFICIAL INTELLIGENCE (AI) MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL VISUAL EFFECTS SERVICES (VFX) BY AUGMENTED REALITY (AR) MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL VISUAL EFFECTS SERVICES (VFX) MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. US VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
18. CANADA VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
19. UK VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
20. FRANCE VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
21. GERMANY VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
22. ITALY VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
23. SPAIN VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
24. REST OF EUROPE VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
25. INDIA VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
26. CHINA VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
27. JAPAN VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
28. SOUTH KOREA VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF ASIA-PACIFIC VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF THE WORLD VISUAL EFFECTS SERVICES (VFX) MARKET SIZE, 2022-2030 ($ MILLION)
