3D Rendering Market size to cross $35 Bn by 2032

3D Rendering Market size is expected to exceed USD 35 billion by 2032, according to a new research report by Global Market Insights Inc.
 

The report identifies growing adoption in the construction & real-estate sector as the chief driver of the industry. Real estate and construction companies use advanced virtualization to help their clients and other stakeholders imagine the interiors and exteriors of buildings in a pleasing way by using 3D rendering services, thereby encouraging companies to offer design virtualization services. For instance, in June 2022, ALL3D, a 3D model software and service provider, launched its subscription platform for interior designers to enhance 3D virtualization and rendering technologies in the home industry.
 

Growing outsourcing trends to complement 3D rendering services industry share

With respect to the component, the 3D rendering market size from services segment is anticipated to expand at a CAGR of 25% from 2023 to 2032, driven by the growing trend of SMEs outsourcing 3D rendering solutions. To cite an instance, in February 2022, the US Department of Defense outsourced a new military smart human/machine interfaces contract to Unity Technologies, a 3D rendering services provider, to imitate interfaces for weapon systems rapidly.
 

Improved resource planning demand among large enterprises to help 3D rendering gain traction

The 3D rendering market size from large enterprises segment is poised to witness over 20% CAGR between 2023 and 2032. The need for improved resource planning and project building management through the use of 3D rendering to create pictures of the objects driving the market demand in the large manufacturing, construction and architecture, media & entertainment, and automobile companies is contributing to segment growth. In June 2021, Toyota Motor Corporation, Japan’s largest automotive firm, appoints Nutrix Cloud Platform to create a 3D CAD software design environment on virtual desktop infrastructure.
 

Beneficial qualities of Linux operating system to augment industry revenues

The 3D rendering market size from Linux segment accounted for USD 250 million in 2022. The excellent efficiency and effectiveness of Linux OS including its flexibility, open-source code, and greater operational performance at a low cost are set to push product adoption. As per Fox Renderfarm, a rendering service provider, the film industry is heavily invested in Linux for rendering, modeling, and graphic designing and has a user base of over 3.5 billion globally.
 

Positive inclination of medical scientists toward 3D modeling to accelerate healthcare segment

Based on end-use, the 3D rendering market from healthcare segment is set to surpass USD 2.5 billion by 2032. The demand for 3D modeling and image processing platforms in the healthcare industry is slated to rise as these platforms enable medical scientists to create high-quality models from large data sets and integrate scan data with CAD product designs for research and education. A 2022 study based on clinical 3D modeling to help pediatric cardiothoracic surgery using 3D models concluded that clinical 3D modeling can be efficiently incorporated with pre-procedural care for patients with congenital heart disease, signifying that 3-dimensional models help in the treatment procedure.
 

Browse key industry insights spread across 400 pages with 612 market data tables and 42 figures & charts from the report, “3D Rendering Market Size By Component (Software [On-premise, Cloud], Service), By Organization Size (Large Enterprise, SME), By Operating System (Windows, MacOS, Linux), By Application (Product Design & Modeling, Animation, Visualization & Simulation), By End-use (Architecture, Engineering & Construction (AEC), Automotive, Gaming, Healthcare, Manufacturing, Media & Entertainment), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/3d-rendering-market
 

Strong dependence of media and entertainment companies on rendering software to propel animation segment growth

The study also mentions that the deployment of 3D rendering technology for the animation application segment garnered over USD 1 billion in 2022. The media & entertainment sector, along with game developers are strongly dependent on 3D rendering solutions to convert high-definition 3D animations and images into a 2D model or visual, which has led to an increase in the use of animation apps. For instance, in August 2022, Dreamwork Animation, an animation studio, announced the launch of its proprietary production rendering software Moonray. Dreamworks has been using Moonray for rendering animated films.
 

Extensive use of 3D printing by automotive companies to shape European 3D rendering industry outlook

The Europe 3D rendering market is estimated to reach over USD 9 billion by 2032, owing to the expanding use of 3D technologies to support the EU's automotive manufacturing sector. In February 2022, Bentley Motors Ltd, a UK-based automotive firm invested over USD 3.5 million (£3 million) in its 3D-printed components production which aids in manufacturing process optimization and increasing cost-efficiency while achieving sustainability and efficiency in the industry.
 

Promising partnerships-deals with software specialists to remain a key growth strategy

Major players involved in the 3D rendering market include Autodesk, Inc, Blender Institute B.V, Dassault Systems, Inc., Easy Render, Maxon Computer GmbH, NVIDIA Corporation, Tesla Outsourcing Services, Trimble, Inc and Xpress Rendering.
 

The competitive landscape of the industry is anticipated to showcase a series of product innovations and business expansion tactics including collaborations and partnerships by industry players. For instance, in February 2022, Autodesk, a software products and services provider, joined Module Works, a CAD/CAM software specialist to improve its Fusion 360 software platform with the powerful ModuleWorks toolpath calculation technology. This partnership is set to aid in boosting the quality, performance, and functionality of digital manufacturing workflows.