Indian Animation Industry Net Worth! According to Statista, even with the challenges posed by the COVID-19 pandemic, India's animation and VFX industry was valued at approximately Rs 107 billion in 2022. Animation and VFX hold a significant market share of the media industry in India, and it was estimated to have robust growth at a compound annual growth rate of 35 percent between 2022 and 2023. The future of the VFX and animation industry in India looks promising, with significant growth potential. The demand for VFX and animation work is on the rise, especially in the fields of films, TV shows, and marketing campaigns. This increasing need for high-quality work is expected to greatly benefit the industry How much is animation industry worth? The global animation market is poised to reach $400 billion by the end of 2023, up from $391 billion in 2022. The animation market has steadily increased in recent years. In 2018, it was worth $250 billion and grew to $270 billion by 2021. At the end of 2021, it was worth $372.4 billion. What is the future scope of animation industry? An exciting and promising future awaits those who pursue a career in animation. With the advancement of technology and the increased demand for visual narratives, animators have a wide range of career opportunities across domains like entertainment, advertising, gaming, and other fields. Does animation have a future? The future of animation is bright and full of exciting possibilities. Emerging technologies like 3D animation, AR, VR, AI, blockchain, and interactive storytelling are reshaping the industry. Does VFX have future in India? Growing demand of Visual Effects Industry in India The scope of the VFX industry in India is quite significant, with a projected growth rate of 18% CAGR between 2021-2026. India has a large pool of talented artists and technicians who specialize in various aspects of VFX, such as compositing, animation, modeling, and texturing.