Animation Market to Reach $895 Billion by 2034, Driven by Streaming and Gaming

The global animation market is set for explosive growth, projected to nearly double from USD 436.24 billion in 2024 to USD 895.71 billion by 2034, according to a new study by Precedence Research. This surge is fueled by the booming demand for animated content across streaming platforms, immersive gaming experiences, and the rapid expansion of e-learning. In 2024, 3D animation accounted for over 44% of the market, with North America leading at a 33.97% share, while Asia-Pacific emerges as the fastest-growing region due to anime popularity and mobile adoption.

Growth Drivers and Industry Impact

Streaming giants like Netflix and Disney+ are reshaping content consumption, while gaming and e-learning sectors increasingly rely on animation for engagement and education. Technological advances in AI, real-time rendering, and virtual production are making animation more accessible and cost-effective. For the toy and entertainment industry, this means new opportunities for cross-platform IP, merchandising, and global collaborations, especially as animated franchises continue to drive licensing and product innovation.

Source: GlobeNewswire