As of 2024, the global animation industry is valued at approximately $436.24 billion and is projected to reach around $895.71 billion by 2034, reflecting a compound annual growth rate (CAGR) of 7.5% This growth is driven by the increasing demand for animated content across various sectors, including media and entertainment, education, gaming, and advertising. In India, the animation market was valued at $2.4 billion in 2024 and is expected to grow to $14.69 billion by 2030, with a robust CAGR of 35.04% This rapid expansion is fueled by the rise of streaming platforms, advancements in animation technology, and the growing use of animated content in education and corporate training. Globally, the animation and visual effects (VFX) market is anticipated to reach $300.3 billion by 2030, showcasing a CAGR of 10.3% . This segment’s growth is propelled by the increasing consumption of high-quality 3D and ultra-high-definition content, especially in movies and online videos. Overall, the animation industry is experiencing significant growth worldwide, with substantial contributions from regions like North America, Asia-Pacific, and India.
