The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth and Projections

• The generative AI in animation market has grown significantly, reaching $1.28 billion in 2023 and projected to hit $1.75 billion in 2024 with a CAGR of 36.2%.
• Expected to soar to $6.04 billion by 2028, growing at a CAGR of 36.4%.
• Factors driving historic growth include automation of animation processes, diverse animation styles, and increased creative productivity.

Driving Force: Rising Gaming Industry

• Impact of Gaming Industry
  • Propels market growth through increased demand for lifelike animations and immersive experiences.
  • AI-driven procedural generation enhances game development efficiency and creativity.
  • U.S. consumer spending on video game content in 2022 reached $56.6 billion, underscoring the industry’s economic significance.

Key Players and Innovations

• Advancements in Text-To-Animation Services
  • Companies innovate with browser-based generative AI services for text-to-3D animation transformations.
  • DeepMotion’s Saymotion platform utilizes NLP to create detailed 3D animations from text prompts, enhancing efficiency and creativity in animation production.

Read The Full Generative AI In Animation Market Report Here:
https://www.thebusinessresearchcompany.com/report/generative-ai-in-animation-global-market-report

Strategic Acquisitions and Developments

• OpenAI Expands AI Capabilities
  • Acquisition of Global Illumination Inc. strengthens OpenAI’s position in AI-driven animation and digital experiences.
  • Enhances expertise in AI design, positioning OpenAI for growth in animation and infrastructure development.

Market Segmentation and Technological Integration

• Segmentation Overview
  • By Type: Transformers, Generative Adversarial Networks (GANs), Variational Autoencoders (VAEs), Other Types.
  • By Components: Solutions, Services.
  • By Application: Television and Over-The-Top (OTT), Films, Advertisements, Gaming, Other Applications.

Regional Dynamics

• Regional Insights
  • North America led the market in 2023, driven by technological advancements and early adoption in animation technology.
  • Asia-Pacific poised for rapid growth, fueled by increasing investments in digital entertainment and gaming.

Conclusion

• The generative AI in animation market is experiencing rapid expansion, driven by advancements in AI technology and increasing demand across gaming and entertainment sectors.
• Innovations in text-to-animation services and strategic acquisitions underscore the market’s evolution towards enhanced realism and creative capabilities.
• As AI continues to integrate deeper into animation workflows, industries are poised to leverage these advancements for greater efficiency, innovation, and audience engagement in the evolving digital landscape.

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The Generative AI In Animation Global Market Report 2024  provides an overview of the generative AI in animation market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The generative AI in animation market forecast analyzes generative AI in animation market size, generative AI in animation market share, leading competitor and their market positions.

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