The Animation, Visual Effects, Gaming, and Comics (AVGC) industry has been a thriving force, shaping the entertainment landscape globally. As we step into 2024, the AVGC sector is poised for significant growth, marked by technological advancements, industry recognition, and burgeoning job opportunities. This article explores the insights, trends, and job prospects that await professionals in the AVGC sector.
Over the past few years, Indian artists have played a pivotal role in creating some of the most visually stunning and technologically advanced films. The best Visual Effects (VFX) Oscars for films like ‘Dune,’ Guillermo Del Toro’s ‘Pinocchio,’ ‘Life of Pi,’ ‘Golden Compass,’ ‘Narnia,’ and the ‘Avenger’ series have been predominantly executed by Indian artists working for renowned global companies such as Dneg, Technicolour, Framestore, and Company 3. This year is expected to be crucial as these artists come to the forefront, influencing the industry’s paradigm through the integration of talent and technology.
Watch our conversation with Mr. Sanjay Khimesara, Director at Horizon Institute of Design and President at Asifa India, to learn more about the opportunities for skill development, training and jobs in AVGC sector,
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AVGC Sector in 2024
Growth and Potential
Experts in the media and entertainment industry predict a substantial growth rate of 14–16% for the AVGC sector in India over the next decade. The government recognizes the sector’s potential to generate employment for over 20 lakh people in the next ten years. In line with this vision, various state governments, such as Tamil Nadu and Karnataka, are formulating policies to support the growth of the AVGC industry. The Karnataka government has already released a draft biotechnology and AVGC-XR policy, emphasizing the sector’s strategic importance.
Job Opportunities and Skills
Currently providing 1.85 million direct jobs and an additional 30,000 indirect jobs, the AVGC industry is expected to create another 20 lakh jobs by 2030. To thrive in this industry, individuals need a blend of technological proficiency and artistic skills. The government’s focus on developing future skills underscores the importance of AVGC in the evolving job market.
Technological Advancements
The year 2023 marked a significant turning point for the AVGC sector. AI tools were developed to simplify and automate animation and VFX processes, showcasing the industry’s commitment to staying at the forefront of technological advancements. The integration of breakthrough chip technologies driven by AI algorithms promises to further revolutionize the sector in 2024.
Cultural Milestones
In 2023, India achieved a milestone with the launch of its first international Festival, AniMela, in partnership with the prestigious Annecy Festival in France and with the support of the Government of India. This event not only exposed emerging talents in animation, gaming, and technology but also provided a platform for networking and collaboration.
Outlook for 2024
The year 2024 is anticipated to bring new highs for the AVGC sector. Technology, largely driven by AI and breakthrough chip technologies, will play a pivotal role. Writers, developers, and artists will benefit from the widespread availability of tools like Mid-Journey, stable diffusion, and script writing software. Events like AniMela will continue to expose talent to the global stage, creating a marketplace for collaboration with top producers, financiers, broadcasters, and gaming companies.
The AVGC sector in 2024 stands at the cusp of transformation, driven by technological innovations, government support, and the contributions of talented professionals, especially from India. As the industry continues to evolve, it offers exciting job opportunities for individuals with a passion for both technology and the fine arts, making it a promising career choice in the dynamic world of entertainment and creativity.
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