HYDERABAD: The Indian animation market is expected to reach USD 950 million in 2009 from the current USD 285 million, according to a NASSCOM report on Animation and Gaming Industry in India that was unveiled here today.
A CAGR of 35 percent is expected during the period 2005-2009.
The report, released on the inaugural session of the two-day Animation India 2006, estimates the global market size (demand perspective) of the industry to witness a CAGR of eight percent and expects it to reach USD 75 billion by 2009.
Based on this, the global market (developers' perspective) is expected to reach USD 35 billion by 2009 from USD 25 billion in 2005.
The growth is attributed to the increasing number of PCs worldwide, which is expected to reach 1.3 billion by 2010. Worldwide increase in the number of mobiles and broadband subscribers also play a part in the growth.
According to the report, the market for gaming is expected to witness a CAGR of 78 percent and reach USD 300 million by 2009 from USD 30 million in 2005.
The industry needs 30,000 people to meet these projections, according to NASSCOM president Kiran Karnik. He said India has a potential to grow both as a global sourcing destination as well as a market.
Karnik recommended that some part of television programmes should have animation content to create demand, and suggested government incentives for the same.
"We have a vibrant film industry but we failed to create demand for animation," he rued. ``Major international studios were looking at India but the industry was not geared for this,'' he added.
Other Projections
*All segments in animation expected to witness growth with entertainment sector dominating the market. The size of the entertainment segment in the animation development in India is expected to witness a CAGR of 34.6 percent over the period of 2005-2009.
* The size of TV broadcast sub-segment to witness a CAGR of 21.1 percent and estimated to be 270 million by 2009.
* The share of TV broadcast in the total entertainment segment is expected to decline. It is expected to decline from 64 percent in 2005 to 42 percent by 2009.
*Fully animated movies in the Indian animation development market are expected to grow from USD 30 million (2005) to around USD 180 million by 2009 representing a CAGR of 56.5 percent.
* Market size of visual effects expected to reach USD 95 million by 2009 from USD 15 million in 2005.
* Direct-to-DVD sub-segment is expected to witness a CAGR of 39.6 percent over the period 2005-2006 and increase to USD 95 million by 2009.
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