Which two panels are essential for setting up motion tracking?

The correct answer highlights the critical components necessary for motion tracking within Adobe After Effects. The Layer panel is essential because it allows you to select and manage the layer that you want to apply motion tracking to. This is where you can isolate the specific elements of your composition that will undergo tracking.

The Tracker panel is specifically designed for motion tracking tasks. It provides the tools needed to analyze the motion of selected points in your footage, apply tracking data, and adjust various parameters related to tracking. This panel simplifies the process of generating tracking data that can be used to match motion between layers, creating seamless visual effects.

Understanding the function of both panels is crucial for efficient motion tracking workflows, as they work in conjunction to identify, analyze, and implement the necessary data for tracking motion accurately within your project.