Optical Coatings Market Size & Share to Surpass $ | Bot To News

Washington, Dec. 12, 2022 (GLOBE NEWSWIRE) — The global optical coatings market is expected to be valued at USD 12.1 billion in 2021 and reach USD 20.0 billion by 2028. % during the forecast period 2022-2028.

One of the most important economic areas is the optical coatings business, and steady expansion is expected going forward. Despite the turbulence of the industry, many things can affect its growth or demise. The study assesses both current trends and expected future changes to provide a holistic view of the sector. Additionally, it provides details about significant industry players and their expansion strategies.

The report provides a thorough analysis of international manufacturers and suppliers and their current situation and future prospects. It also elaborates on the global drivers of demand for optical coatings including rising investment requirements, evolving technology and new laws.

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Optical Coatings Market Overview

According to Vantage Market Research, some important aspects will drive the optical coatings market expansion throughout the forecast period. Recent technological advancements in optical deposition processes and fabrication and increased demand for effective optical devices in end-use applications are two significant factors positively impacting the market for optical coatings.

Consumer electronics, solar panels, architectural, automotive, military and defense, medical, and telecommunications are just a few of the industries rapidly adopting optical coatings. Also, during the projection period, its demand is expected to be driven by the expansion of reflective coatings in green buildings to retain heat and reduce energy consumption.

North America dominates the market and this dominant trend is expected to continue throughout the project period. The demand for eco-friendly coatings in semiconductor and sensor applications will significantly boost the growth of the North American optical coatings market. Also, the industrial picture will be enhanced by the increasing use of laser systems and aircraft applications. Also, the demand for beam attenuators, vision cameras and range finding will increase due to increased investments from the military and defense industries.

Optical coatings Market dynamics

The use of optical coatings is increasing in the automotive industry To drive the market

Vehicle value and adaptability have long been enhanced by the use of optical coatings in automotive glazing. Veiling glare that impairs a driver’s vision results from the interior of the mirror reflecting back to the viewer. Another factor exacerbating the glare veiling problem is the recent surge in popularity of high-installation-angle windscreen constructions. Glare is eliminated and reflectivity is reduced by adding optical anti-reflection (AR) coatings to the glass. In addition to being less reflective, the reflected hue of AR windscreens is more neutral than conventional AR designs, making the final product more attractive.

The demand for anti-reflective coatings is increasing to support the market growth

Components including lenses, screens, mirrors and anti-reflective coatings used in many global consumer and industrial applications can be coated with high quality anti-reflective optical coatings with low reflective performance and high transmittance. Consequently, the market for optical coatings is expected to be driven by increased demand for anti-reflective coating.

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Top trends in the global optical coatings market

  • One trend Vantage Market Research anticipates in the optical coatings industry is the adoption of smart televisions among consumers, a significant trend in the market. This is linked to improving consumer lifestyles and increasing disposable income.
  • Expansion of the semiconductor industry, coupled with technological advancements, is another trend that VMR forecasts will continue in the optical coatings industry.

Global Optical Coatings Market Segmentation

By product type

  • Anti-reflective coatings
  • Filter coatings
  • Beam-splitter coatings
  • High-reflective coatings
  • Transparent conductive coatings
  • Electrochromic coatings
  • Other product categories

Through technology

  • Spraying process
  • Electric beam vaporization
  • Ion-assisted deposition
  • Vacuum deposit
  • Other technologies

By application

  • Electronics & Semiconductor
  • Space & Defense
  • Telecommunication
  • Vehicle and Transportation
  • solar power
  • Construction and Infrastructure
  • Hygiene
  • Other applications

By region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Best reported findings

  • Based on product type, the anti-reflective (AR) coatings segment dominates the optical coatings market in terms of revenue. Its significant market share is driven by factors such as the increasing demand for anti-reflective coatings to make photovoltaic solar panels, automobile displays, windows and GPS navigation systems.
  • The sputtering process dominated the optical coatings market in terms of technology, and this trend is expected to continue during the projection period. Sputtering is the process by which ions vaporize a solid.
  • On the basis of application, the electronics & semiconductor category dominated the optical coatings market. This trend will continue as optical coatings are increasingly used in optoelectronic devices such as lasers, detectors, fiber optics and sensors.

Top 10 players account for the majority of the market share of the global optical coatings market revenue

Most companies integrate raw material production and distribution to maintain and expand product consistency, reducing costs and increasing revenue. JENOPTIK (Germany), SCHOTT (Germany), Gelest Inc. (US), Optimax Systems Inc. (US), Materion Corporation (US), DuPont (US), Nippon Electric Glass Co. Ltd. (Japan), PPG Industries Inc (US), Inrad Optics (US), VIAVI Solutions Inc. (US)., are significant market participants in the optical coatings market. Major companies continue to improve their optical coating techniques to maintain dominance. They spend a lot of money on R&D to find new applications for optical coatings in aerospace and defense technology.

Electronics and semiconductors category in optical coating market to generate higher revenue

Optical coatings are used in many electronic applications where light must travel through optical surfaces. For example, optical anti-reflective coatings are used on tablet and cell phone screens for a variety of reasons, including making it easier to read outdoors. Electronic display can also use transparent conductive coatings. Demand for consumer electronics is the primary industry driver for this market. Demand for semiconductors, screens and other electronic components is expected to continue to be driven by the production of handheld computers, mobile phones, gaming systems and other personal electronic devices.

In semiconductor applications, optical coatings are used. For example, features of semiconductor diode lasers are covered with these coatings. As the Internet of Things (IoT) grows across a wide range of industries, the market for optical coatings has experienced rapid expansion in recent years.

Top players in the global optical coatings market

  • Genoptic (Germany)
  • Schott (Germany)
  • Gelest Inc. (US)
  • Optimax Systems Inc. (US)
  • Meteoron Corporation (US)
  • DuPont (US)
  • Nippon Electric Glass Co. Ltd. (Japan)
  • PPG Industries Inc. (US)
  • Infrared Optics (US)
  • VIAVI Solutions Inc. (US)

Browse through market data tables and figures spread across 146 pages and in-depth TOC in Optical Coating Market Forecast Report (2022-2028).

Regional Analysis:

The North America optical coatings market is likely to witness significant growth with a significant growth rate over the forecast period. Strong industries such as instrumentation, biotechnology, microelectronics, software development, and advancements in the medical devices segment have led to increased demand for the optical coatings industry.

Purpose of the Report:

Report attributes details
Market size in 2021 USD 12.1 billion
Revenue forecast by 2028 USD 20.0 billion
CAGR 8.8% from 2022 to 2028
Base year 2021
Forecast year 2022 to 2028
Key players JENOPTIK (Germany), Schott (Germany), Gelest Inc. (US), Optimax Systems Inc. (US), Materion Corporation (US), DuPont (US), Nippon Electric Glass Co. Ltd. (Japan), PPG Industries Inc (US), Inrad Optics (US), VIAVI Solutions Inc. (US) and so on.

Customization of Report:

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