The latest research study “Optical Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global optical coatings market size reached US$ 13.7 Billion in 2021. Looking forward, the market expected to reach a value of US$ 21.5 Billion by 2027 exhibiting a CAGR of 7.50% during 2022-2027.
Optical coatings are a combination of thin-film layers that produce an interference effect to improve the transmission and light reflection properties of an optical system. They are generally designed for specific incident angles and polarization of light, including P-polarized, S-polarized, and random polarization. They can control light transmission and reflection via optical interference. They also help reduce ghosting and increase reflectance across a wide range of wavelengths. As a result, optical coatings find extensive applications in rearview mirrors, motion detectors, camera systems, rain sensors, headlight lens systems, and lighting reflectors across the globe.
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Optical Coatings Market Trends and Drivers:
The global optical coatings market is primarily driven by the rising product utilization to withstand high-temperature gradients and high heat transfer rates in rapid thermal processing. Moreover, there is a rise in the use of optical coatings in green buildings to reduce energy consumption and heat retention. In line with this, the escalating sales of portable consumer electronics across the globe are positively influencing the market growth.
Additionally, the increasing demand for advanced automotive electronics for a convenient and safe drive has catalyzed market growth. Besides this, the rising use of anti-reflective (AR) products in the production of automotive displays, windows, photovoltaic (PV) panels, and global positioning systems (GPS) is another major growth-inducing factor.
Furthermore, the rising focus of key players on new product development, mergers and acquisitions (M&As), and collaboration to increase overall profitability is contributing to the market growth. Other factors, including heavy government investments in solar energy generation, development of alternate energy sources, and rapid expansion of the electronics and semiconductor industries, are also anticipated to drive the market further.
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Global Optical Coatings Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Optical Coatings Companies:
Abrisa Technologies, Artemis Optical Limited, Carl Zeiss AG, DuPont de Nemours Inc., Edmund Optics Inc., Inrad Optics Inc., Materion Corporation, Newport Corporation (MKS Instruments Inc.), Nippon Sheet Glass Co. Ltd., PPG Industries Inc., Reynard Corporation, Schott AG and Zygo Corporation (Ametek Inc.).
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The report has segmented the market on the basis of region, type, technology and end use industry.
Breakup by Type:
- Anti-reflective Coatings
- Reflective Coatings
- Filter Coatings
- Conductive Coatings
- Electrochromic Coatings
- Others
Breakup by Technology:
- Vacuum Deposition
- E-Beam Evaporation
- Sputtering Process
- Ion-Assisted Deposition
- Others
Breakup by End Use Industry:
- Electronics and Semiconductor
- Aerospace and Defense
- Automotive and Transportation
- Telecommunications
- Construction and Infrastructure
- Solar Power
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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