European Animation, VFX & Video Games Market Outlook to 2025 - Impact of COVID-19 on Industry Value Chain

DUBLIN, Jan. 26, 2021 /PRNewswire/ -- The "European Animation, VFX & Video Games: Strategies, Trends & Opportunities (2021-25)" report has been added to ResearchAndMarkets.com's offering.

The European animation industry is growing fast and an increasing number of films produced in Europe have attracted global audiences and are distributed worldwide. The boom in European animation can be attributed to the world-class animation training schools, funding schemes, government tax incentives, Europe-wide as well as global collaborations through co-productions and availability of world-class talent. Europe produces about 40 animation films every year. About 15% of European movie admissions go into animation and one-fifth of admissions to animation films in Europe go to European productions. However, the market is dominated by American films who garner about 70% of admissions. The trend is in favour of local European animation productions as far as TV animation series is concerned. There are over 300 children's channels in the EU as well as specific on-demand services for kids. Moreover, about 65% of animation content on European TV channels is produced locally.

European animation productions targeted at television have achieved global success, however, in the case of movies, it is the major American studios that dominate the market. Film based content such as video or mobile games are on the upswing giving rise to new partnerships as well as new business and revenue models. Given the global economic crunch, producers need to diversify their sources of funding and explore sources such as co-productions, equity financing and other forms of loans.

The demand for animation, VFX and video gaming 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 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 animation, VFX and games production taking place in a globally distributed mode. Production work is becoming global with countries as well as regions offering tax incentives, subsidies, financial support, regional low labor costs, etc. and companies are cutting costs by setting up facilities in such regions. 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.

Market Size:

• The market size of the European Animation & VFX industry was US$ 43.7 billion in 2020
• Most of the segments in the animation industry are growing at a rate of 2% YoY
• The production cost per animation movie ranges anywhere between US$ 20 Million to US$ 300 Million
• The spend on special effects as a percent of production cost in Europe is about 20%-25%
• The size of the European video gaming industry was US$ 21 billion in 2020

A Selection of Companies Mentioned Include: 

• 1000 Volt
•  Minutes Studio
• 2D 3D Animations
• 3 Bear Animations
• 3 Bohemians
• 3D ArtDuck.com Studios
• Alice Well Animatie
• Alien Factory
• AliMik
• Bryant Whittle
• Buck
• Budapest Film Academy
• Buddy System Studios
• Buena Vista Germany GmbH
• BUF
• Bufo Oy
• BUG
• Bugbox
• Bull and Gate
• Bulle de Prod
• Bully Entertainment
• Burning Brain
• B-Water Studios
• C.A.K.O. Studio
• Fido film
• Film A Films
• Film Commission Poland
• Film Factory Entertainment
• Film Factory, Inc.
• Film London
• Finding4you
• FinFilm
• Finger Industries
• Finnkino
• Firkafilm Animation Studio
• FirstField Studio
• Fish Blowin Bubbles
• Flickerpix Animations
• Flicks Films Ltd
• Flourescent Hill
• Flushdraw
• Fly Fox
• Flying Gherkin
• Folimage
• Folioscope
• Folkets Bio
• For Tax Reasons
• Foreign Office
• Forma Animada
• Forsight Studio
• Foundation Ani meets Com
• Foxley Consulting
• FrameCore
• Framestore
• IAF
• Ibisa Television
• Icecandy Entertainment
• ICG International Cine Group SpA
• Icon Animation
• Ifeelms Productions
• IFS Internationale Filmschule K
• ifs internationale filmschule koln
• Irish Film Board
• ITV Studios Global Entertainment
• Mikrofilm AS
• Milford Film & Animation
• Mill image
• Millimages
• Mimmit Music Oy
• Mind Candy
• Mira Art
• Mitteldeutscher Rundfunk (MDR)
• MK2
• Mnogo Film
• Moekstudio
• MOME Anim
• Momentum & Canlandirma
• Mondo TV
• Monkeyhead
• Mont-Blanc Distribution SA
• Moonbite Games & Animation Studios
• Moonoo productions
• Mooves
• Morro Images
• Mosfilm
• Motek B.V.
• Motion Brand Limited
• Motion Pictures Distribution
• Motion Works
• Motus
• Movimenti Production
• MP1 Srl
• Munich Animation Film
• Musicartoon
• Muspryz Snc
• Muste ja Valo Oy
• Mutant Koala Pictures
• MyFILM Ltd
• My-tv
• Nagual Pictures
• Nathalie Larsson
• Nattlek
• Naysel Entertainment
• Nederlands Fonds voor de Film
• Negativ
• Nemo NT
• Neo Network
• Neomis Animation
• Neptuno Films Production
• Neuroplanet
• Next Limit Technologies
• Nexus Productions
• NFp Animation Film
• Nick Dorra Production Ltd
• Nitrocorpz Studio
• NO srl
• Nohabgatan 12
• NOMAD - Character & Environment Studio
• Nono-K
• NonStop Entertainment AB
• Quipos
• Qurios Entertainment Limited
• Qvisten
• Tandem animation
• TAT Productions
• Team To
• Tegnefilmfabrikken
• Teidees Audiovisuals
• Tele Images Kids
• Telemagination
• UGC
• UK Film Council
• VUE Entertainment Investment
• Vurpa
• Wake Film
• Walt Disney Television Italia
• Warner Bros Pictures International
• Warner Home Video
• Wizart Animation
• Wizz Design
• WKND
• Zentropa
• Zig Zag Films
• ZigZag Animation
• Zinkia Entertainment
• Zlab
• ZOT

For more information about this report visit https://www.researchandmarkets.com/r/zf1l2o

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