Global Game Engine Market size is anticipated to expand significantly through 2032 on account of the increasing focus on developing 3D mobile games. Increasing penetration of these games among the youth has compelled developers to launch high-quality game engines for the ultimate gaming experience. Many leading players are constantly investing in product innovations in the field, which will also positively impact industry growth in the long run.

For instance, in April 2022, Epic Games, a prominent game engine developer, announced the launch of Unreal Engine 5, the latest version of their game engine. It has improved features than previous versions and is expected to help create real-time 3D experiences with high flexibility.

In fact, in June 2022, the company inked a deal with Volvo Cars, a Swedish multinational manufacturing corporation, to bring photorealistic visualization technology to Volvo Cars’ next generation of electric cars. Through this partnership, customers of Volvo Cars will enjoy high-quality graphics on displays.

The overall game engine industry is divided on the basis of type, platform, and region.

The 2D game engine market size was worth over USD 500 million in 2022. A low level of complexity than 3D counterparts has increased the demand for 2D game engines among developers. Development of these engines incurs less cost and is highly suitable for beginners, which favors their mass adoption Besides, prominent players in this business have been focusing on enhancing the existing capabilities of 2D game engines, which will further complement segment growth.

The gaming consoles segment is expected to record a decent valuation by 2032, owing to their capability to offer a more high-quality gaming experience than mobile gaming. Rising per capita income in developed and developing economies has increased consumers’ spending on gaming consoles. Alongside this, cutting-edge innovations in visual effects and sound qualities of gaming consoles to provide an immersive gaming experience to gamers will work in favor of segment growth.

Asia Pacific game engine market size recorded over USD 1 billion in 2022 on account of rapidly growing gaming industry in the region. As per Invest India, in 2021, revenue from online gaming increased by 28% in India, reaching USD 1.2 billion, and these numbers are expected to hit USD 1.9 billion by 2024.
Furthermore, growing youth population in the region will foster product demand across the Asia Pacific.