Drawn Out: The Industry is Expected to Benefit from Robust Demand for Outsourced Animation Services
The Film Animation Services industry consists of companies that produce video animation for film and TV distribution companies. The industry has experienced inconsistent growth as animation techniques have become more sophisticated and high-value, with movie and TV studios continuing to vertically integrate industry-specific operations. The pandemic in 2020 compounded struggles and caused revenue to plummet double digits. Overall, industry revenue is expected to have fallen an annualized 3.0% to $271.7 million over the five years to 2023, including an anticipated rebound of 5.2% in 2023 alone. While revenue has struggled, industry profit only slightly waned as the industry has increasingly focused on advanced computer-generated animation, enabling animation companies to raise their rates.
Establishments in this industry produce traditional drawing or computer-generated animation for movies and TV. This industry does not include other editing or post-processing services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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