Part
01
of one
Part
01
What is the market size of the global visual effects industry (VFX) per year from 2012 - 2016?
Hi, and thank you so much for contacting us at Wonder. We are delighted to do the best we can to answer your question. I understand that you are looking for the total market size of the VFX industry per year from 2012 to 2016 to present to investors.
The short answer is that while I was unable to calculate the market size by service type, the VFX market in general has been growing at an impressive rate. FirstResearch claims that the VFX market will approach $110 billion by 2018 and it is relatively easy to see a fairly rapid growth from 2012 to 2016. Below you will find a more in depth analysis of my discoveries.
METHODOLOGY
To find the exact global market size was quite a difficult task. To find the most accurate measure possible, I found the market sizes per year in countries such as the UK, India, and in Asia, as well as global statistics.
This information was broken down by years. Some years, it was proven impossible to find global market statistics for VFX in regards to the entire market, such as the years 2012, 2013, and 2015. Due to this limitation, my answers in these years are only estimations based on the calculated growth on a year over year basis. This growth is often referred to as the compounded annual growth rate (CAGR).
It is important to note that the CAGR of the VFX industry is expected to increase more rapidly in the coming years.
MARKET SIZE AND GROWTH PER YEAR
2016: $105.95 Billion
PROJECTED GROWTH
The heightened CAGR percentages from 2012 to 2016 suggest that the VFX industry is growing. In fact, it appears that from 2012 to 2015, the growth rate grew 3.36 basis points. The projected growth rate in 2017 and beyond is expected to nearly double the growth rate of 2012 and 2013 years, showing an obvious sign of strength and a growing industry.
OTHER FACTORS PRESENTING GROWTH
Several nations have projected growth rates even greater than the averages that I used to calculate market size in years 2012-2016. The UK has experienced a growth of 25% in industries that include and are similar to VFX. India has experienced a similarly large growth rate calculated to be approximately 22%. These numbers translate into a significantly lower global average once the growth rate of countries such as the USA are factored in at approximately 3% growth in 2015.
CONCLUSION
To sum it up, the VFX industry has been an industry of growth for the past several years. The growth appears to have accelerated in recent years and is expected to continue accelerating into the immediate and near future.
Thank you so much for your question to Wonder. Please feel free to contact us any time if you have any more questions.