PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1413773
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1413773
The global motion graphics market is on a trajectory of significant growth, with a projected Compound Annual Growth Rate (CAGR) of 12.5% during the period from 2024 to 2031. Motion graphics have become a powerful means of human expression in recent years, finding widespread adoption as a form of creative storytelling and marketing tool.
The rising desire to create engaging content on social media platforms is a key driver of market growth during the forecast period. Brands are increasingly using motion graphics for promotional and marketing strategies, capitalizing on advancements in the field of animated graphics.
Motion graphics are versatile storytelling tools that appeal to a broad audience, making them an ideal addition to content marketing strategies. Customized brand videos have emerged as an effective way to engage with consumers on social media and convey product information.
The incorporation of 3D elements into various applications, from sales presentations to game design, is a prominent trend in motion graphics. The integration of 2D and 3D animation, combining 2D overlays with movement, is gaining momentum and is evident in both large-scale advertising videos and small-scale digital ads.
These trends are expected to enhance promotional activities and increase the visibility of animated graphics on social media platforms, further driving motion graphics sales.
The COVID-19 pandemic had a mixed impact on the motion graphics industry. Graphic designers were directly affected, with governments imposing shutdowns and businesses cutting their marketing budgets. However, the surge in internet usage, especially on social media, led to increased demand for online content, benefiting self-made graphic designers.
North America, particularly the United States, is expected to play a pivotal role in the global motion graphics market. The region's growing adoption of advanced technologies and the presence of major players offer substantial growth opportunities. Businesses in the region are increasingly using creative graphics in photos and videos to engage viewers, contributing to market growth.
Despite intense competition, Europe remains an attractive region for investors in the motion graphics industry. The growing interest in motion graphics, with complex visual effects, among countries like France, Spain, and the U.K., has captured the audience's attention. The region's high millennial population has embraced video and photo animation trends on platforms like YouTube and Facebook, boosting motion graphics sales.
The television industry in Europe is also driving demand for custom videos, animations, and specialty motion graphics, attracting a significant customer base.