Market Overview 2022-2027:
The global optical coatings market size reached US$ 13.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 21.5 Billion by 2027 exhibiting a CAGR of 7.50% during 2022-2027.
Optical coatings represent a combination of thin-film layers that create an interference effect to enhance transmission and reflection properties in an optical system. They are primarily designed for a specific incident angle and polarization of light, including P-polarized, S-polarized, and random polarization.
Optical coatings reduce ghosting, minimize the adverse effects of infrared and ultraviolet (UV) radiation, and maximize reflectance in a broad range of wavelengths. Consequently, they are extensively utilized across several industries, such as automotive, construction, aerospace, telecommunications, etc.
Global Optical Coatings Market Trends and Drivers:
The inflating demand for advanced automotive electronics systems is primarily driving the optical coatings market. In addition to this, the widespread adoption of anti-reflective (AR) products in the manufacturing of photovoltaic (PV) panels, automotive displays, windows, global positioning system (GPS), etc., is further catalyzing the market growth.
Moreover, the growing utilization of optical coatings to withstand high-temperature gradients and high rates of heat transfer in thermal processing is acting as another significant growth-inducing factor. Apart from this, the rising investments in solar energy generation by government bodies, on account of the elevating consumer environmental concerns, are also augmenting the global market. Additionally, the introduction of alternative sources of energy that are processed under low energy electrons (EB) and ultraviolet (UV) radiations is anticipated to fuel the optical coatings market over the forecasted period.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally, and our estimates about the latest market trends and forecasts, are being done after considering the impact of this pandemic.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.).
IMARC Group provides an analysis of the key trends in each sub-segment of the global optical coatings market report, along with forecasts at the regional and country-level from 2022-2027. Our report has categorized the market based on type, technology and end use industry.
Breakup by Type:
- Antireflection Coatings
- High Reflection Coatings
- Transparent Conductive Coatings
- Filter Coatings
- Beamsplitter Coatings
- Electrochromic Coatings
Breakup by Technology:
- Vacuum Deposition
- E-Beam Evaporation
- Sputtering Process
- Ion-Assisted Deposition
Breakup by End Use Industry:
- Electronics and Semiconductor
- Aerospace and Defense
- Automotive and Transportation
- Construction and Infrastructure
- Solar Power
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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Market Size Value in 2021: US$ 13.7 Billion
Growth Rate: CAGR of 7.50% from 2022 to 2027
Market Outlook: 2022-2027
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