Asia Animation and VFX Markets, 2018-2019 & Future Forecasts
DUBLIN, March 22, 2019 /PRNewswire/ -- The "Asian Animation and VFX Industry: Strategies, Trends & Opportunities" report has been added to ResearchAndMarkets.com's offering.
The total value of Asian animation industry was US$ 52 billion in 2018
Most of the segments in the Asian animation industry are growing at the rate of 23% YoY. In Asia, the spend on special effects as a percent of production cost is about 5-10%. In Asia, there is a sharp increase in streaming video consumption. The traditional form of content viewership is giving way to a sharp increase in streaming video consumption. The production cost per animation movie in Asia ranges anywhere between US$ 3 Million to US$ 60 Million. The size of the Asian video gaming industry was US$ 30 billion in 2017.
The demand for animation, VFX and gaming in Asia has expanded with the increase in targeted broadcasting hours by cable and satellite TV, availability of low-cost internet access, penetration of mobile devices along with the growing popularity of streaming video. In addition, the demand for Animation and VFX content to power immersive experiences such as Augmented Reality and Virtual Reality is growing exponentially.
The rapid advancement of technology has made animation, VFX & games available to the masses, and this industry has become one of the fastest growing segments in the global media and entertainment market. We are increasingly seeing more of the global animation, VFX and games production taking place in a globally distributed mode. An emerging trend in the Asian animation industry is the increasing focus towards the production of local animation content for television as well as the production of animated movies. A number of Asian animation studios are giving importance to owning and protecting animation content by investing in intellectual property protection mechanisms.
Animation, VFX and games content is being consumed not only on Netflix, Amazon, Hulu and Twitch, but also on YouTube, Twitter and Facebook. With the growing internet penetration and access to multimedia devices, customers are spending more time on streaming digital content. Streaming video is the fastest growing segment distribution channel for animation and is witnessing double-digit growth and the same is expected to continue for the next few years.
This growth is attributed to the exponential growth in the number of online video viewers throughout the world. Cloud computing is playing a key role in character rendering and modeling processes as cloud-based rendering of animation films is more effective and efficient as it reduces the time and cost compared to traditional rendering. Cloud Gaming services which are growing at an exponential pace would need the right pricing model to both drive adoption and generate sufficient returns for platforms and publishers.
The availability of low-cost micro-payment systems is allowing users to pay for access or download small quantities of digital content and is the key for online games market to grow. Artificial Intelligence and Machine Learning based techniques are being used for in-game analytics, customer acquisition, retention, cross sell, churn, classify player behavior etc.
Popular eSports tournaments have rich spectator interactions and immersive fan experiences for in-person and online viewers. Micro-segmentation of fans is emerging as eSports leagues and tournament are consolidating various genres, platforms and viewing experiences by careful customer segmentation, targeting and positioning. China has become a leader in eSports and several tournaments are organized throughout the year with millions participating in both online and offline modes.
Key Topics Covered:
Asian Animation & VFX Industry
Animation in Asian Societies
Establishment of Local Animation Industry
Influence of Foreign Animation Styles
Trends in Animation Production in Asia
Animation Studios in Asia
Asian Animation and VFX Market Size & Opportunity
India's Animation & VFX Industry
Current State of the Industry
Business Models of Animation Studios in India
State of Animation Channels in India
Size of the Indian Animation Industry
Statistics on Animation Studios in India
Strategies for Animation Studios in India
Animation Schools in India
China's Animation & VFX Industry
Current State of the Chinese Animation Industry
Chinese Market for TV Animation
Business Models of Animation Studios in China
Size of the Chinese Animation Industry
Statistics on Animation Studios in China
Strategies for Animation Studios in China
Animation Studios in China
South Korea's Animation & VFX Industry
Emergence of the Industry
Functioning of Korean Animation Studios
Current State of the Industry
Strategies for Korean Animation Studios
Market Opportunity
Statistics on Animation Studios in Korea
Animation Schools in Korea
Animation Studios in Korea
Philippines' Animation & VFX Industry
Current State of the Industry
Animation Education and Training in Philippines
Size of Animation Industry in Philippines
Statistics on Animation Studios in Philippines
Strategies for Philippine Animation Studios
Animation Studios in Philippines
Taiwan's Animation & VFX Industry
Current State of the Industry
Threats to Taiwan's Animation Studios
Animation Schools in Taiwan
Statistics on Animation Studios in Taiwan
Strategies for Animation Studios in Taiwan
Animation Studios in Taiwan
Vietnam's Animation & VFX Industry
Key Trends
Animation Studios in Vietnam
Statistics on Animation Studios in Vietnam
Strategies for Animation Studios in Vietnam
Japan's Animation & VFX Industry
History of Japanese animation
Key Trends
Anime Exports
Japanese Anime Production Models
Statistics on Animation Studios in Japan
Strategies for Japanese Animation Studios
Animation Studios in Japan
Thailand's Animation & VFX Industry
Key Trends
Strategies for Animation Studios in Thailand
Animation Studios in Thailand
Statistics on Animation Studios in Thailand
Singapore's Animation & VFX Industry
Industry Industry Trends
Strategies for Animation Studios in Singapore
Statistics on Animation Studios in Singapore
Animation Studios in Singapore
Animation Schools in Singapore
Malaysia's Animation & VFX Industry
History of Malaysian Animation
Strategies for Malaysian Animation Industry
Strategies for Animation Studios in Malaysia
Statistics for Animation Studios in Malaysia
Animation Studios in Malaysia
Indonesia's Animation & VFX Industry
Indonesia's first 3D animated feature film
Industry Challenges
Statistics on Animation Studios in Indonesia
Animation Studios in Indonesia
Russia's Animation & VFX Industry
Animation Film market in Russia
Strategies for Animation Studios in Russia
Animation Studios in Russia
Value of Animation Industry in Russia
Size of Animation Industry in Russia
Statistics on Animation Studios in Russia
Israel's Animation & VFX Industry
Industry Drivers
Israel's first animated feature film
Industry Challenges
Statistics on Animation Studios in Israel
Animation Studios in Israel
Pakistan's Animation & VFX Industry
History of Pakistani Animation Industry
Current State of the Industry
Strategies for Animation Industry in Pakistan
Animation Studios in Pakistan
Statistics for Animation Studios in Pakistan
Bangladesh's Animation & VFX Industry
Current State of the Industry
Strategies for Animation Industry in Bangladesh
Animation Studios in Bangladesh
Companies Mentioned
- Amazon
- Hulu
- Netflix
- Twitch
- YouTube
For more information about this report visit https://www.researchandmarkets.com/research/wpbw6c/asia_animation?w=5
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