CGI and VFX are becoming an integral part of major audio visual mediums, ranging from mobile apps to massive broadcast data. We are witnessing a huge growth in new studio setups and design boutiques. Leaving aside the big and shiny infrastructure, these are small sized team of generalist artists who are pulling off the most challenging jobs easily. Learn the details of current and future state of the VFX Industry.
3D Animation and Visual Effects (VFX) industry has always been artistic and technical skill based industry, and now it is becoming more and more prominent. Rather than typical formal training, it emphasis on your artistic and aesthetics sense. As a whole, now it is coined as AVGC (Animation, VFX, Gaming, Comics) industry.
Check out in-depth analysis ahead. The report contains various insights, business analysis, softwares and more.
Current and future state of the VFX Industry
Current state of the VFX industry around the world is very robust, as movies or any video content filled up with significant VFX technology is excelling in terms of grabbing consumers attention and revenue. Apart from movies, Animation and VFX has became an essential part of Gaming, web series (OTT – Over The Top), commercials, documentaries, corporate videos, AR & VR (Augmented Reality & Virtual Reality) and more. The streaming services, such as Netflix and Disney+, are investing heavily in original animated content. In addition, the use of animation in marketing and advertising has also increased.
Leaving aside the dedicated visual effects softwares like Nuke, Houdini, Maya; there are also small scale but effective VFX apps are available in the market. This serves as a first user experience with pre-defined templates. Ease of using these can lead the user to learn and adapt more complex softwares, as mentioned above. All of a sudden, 360 degree videos, 4K / 8K videos became easy things online. Free and open source softwares like Blender, GIMP, Krita, Natron are becoming first choice for many freelancers and small scale studios.
The VFX industry is primarily driven by the film and television industries, with VFX being used in a wide range of productions, from big-budget blockbusters to smaller independent films. The use of VFX in streaming content is also on the rise.
We have seen that even in the disturbed area of COVID-19 pandemic, our AVGC industry survived, even it took a great hit. We fought with the challenges and came up with robust solution of remote / work from jobs. All the artists, around the world, dedicatedly finished their projects from home. All major studios quickly set up the required infrastructure to ease such remote work. Now the scenario is such, many leading Production and Post Production Studios are in favour of WFH job option even after the lockdown is open. Still, there are huge remote job openings in 3D Animation and VFX studios worldwide.
The age of disruption
This is the turning point in the era of 3D Animation and Visual Effects industry. The disruption has already break through via the AVGC industry.
Companies from the VFX industry are innovating novel technologies to enhance the user experience and create faster post production pipeline. Some of the latest trends, technologies and workflows are as follows:
- Foundry launched Athera, cloud based post production pipeline (increasing use of SaaS – Software as a Service – based products and cloud computing softwares / solutions)
- Advanced photogrammetry softwares (Capturing Reality, AliceVision, 3DF Zephyr etc.) are replacing tedious manual work of modeling, texturing, UV mapping and related
- Virtual production is taking shape on giant level (The Jungle Book 3D and The Lion King 3D by Jon Favreau are milestone movies, where virtual production is used on the top notch level)
- Foundry Katana is making rendering pipeline very much streamlined
- Process of creating and manipulating Digital humans / creatures and 3D cities are becoming standard industry norms (Avengers series, Gemini Man, Dumbo, Game of Thrones, Warcraft, Furious 7, Pokémon to just name a few)
- VFX is using AI (Artificial Intelligence) as a back-end driver for realistic output (Rotobot Nuke plugin based on deep learning – machine language, semantic segmentation and AI based neural networks)
- LED walls and projection of real images to replace chroma shooting, which was a must thing for VFX shooting
According to the Global Animation & VFX industry report, the global VFX market accounted for USD 11,333 million in 2018 and is expected to reach USD 23,854 million by 2025, at a CAGR of around 11.4% between 2019 and 2025.
Benefit of the market survey
- Such insights will help businesses in strengthening their market position.
- It helps in identifying the potential threats or risk to be considered.
- It will help buyer in gathering industry quantitative and qualitative information such as current and future VFX market size globally, market estimation, drivers, restraining factors, opportunities, and many more.
- Report will assist businesses or buyer in staying ahead of the competition because it will give valuable market insights.
Conclusion
US and Canada have the major players of 2D / 3D Animation and VFX industry with a significant amount of production and post production studios. However, the industry is becoming more global with the rise of such facilities in other countries such as India, Japan and South Korea.
India is being preferred hub. Three main reasons are:
- Skilled artists
- Dollar conversion rate
- Smooth English communication
India just got