The optical coating market is expected to reach a valuation of USD 22,598.7 million by the end of the assessment period, according to research done by Future Market Insights. Throughout the forecast period, the global optical coating market is anticipated to expand at a rapid rate of 8.8% due to steady demand from end uses like consumer electronics, automotive, lenses & eyewear, and others.
Growing demand for optical coatings from the semiconductor and electronics industries, as well as increased spending in the defense sector, are driving the market for optical coatings. The market is expected to grow as optical coatings find greater application in the aerospace sector. Because it can produce coatings with a high degree of transmission and low reflection, the AR coatings market segment of the optical coatings market commands a sizeable market share in the entire optical coating industry.
Market participants are devoting significant resources to research and development in order to explore novel applications of optical coatings in the automotive, medical, and aerospace and defense equipment sectors. Other major players in the market are vying for the top position by creating technologically advanced breakthroughs in optical processes. The rapid growth of several end-use industries and the rising appeal of innovative designs for consumer electronics and eyewear are propelling the market for optical coatings.
Request Your Sample and Stay Ahead with Our Insightful Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-6540
“Growing Consumption of Optical Coating coupled with increasing utilization of consumer electronics, lenses & eyewear, optical coating is expected to drive the market during the projected period where as key market player are significantly spending in R&D to explore the optical coating application in multiple end-use industry ,” said an analyst at FMI.
Key Takeaways from Optical Coatings Market Study
- Demand for AR coating to witness a growth outlook of around 8.2% over the coming assessment period.
- Vacuum deposition to remain key technology of optical coating accounting for around 50% of the volume consumption.
- Consumer Electronics and Lenses & Eyewear to remain a key application segment and this industry is expected to grow at a significant rate over the forecast period.
- The optical coatings market is being driven by the quickly expanding demand from a variety of end-use sectors and the expanding popularity of stylish designs for eyewear and consumer devices.
- The market for optical coatings is expanding because of rising demand from the electronics and semiconductor industries as well as rising spending in the defense industry.
Competitive Landscape
The Global Optical Coatings market is fragmented with the presence of some dominant key market players. These players are holding less than 25% of the market share. Some of the top manufacturers included in the research study are DuPont,Zeiss Group, PPG Industries, Nippon Sheet & Glass, Inrad Optics, EssilorLuxoticca, Optosigma corporation, Hoya Corporation, Brewer Sciences Inc, SDC Technologies, Reynard Corporation, Tian Cheng Optic Co., Ltd., Zygo Corporation, Evaporated Coatings Inc., Deposition Sciences Inc., Helia Photonics, Cascade Optical Corporation, Torr Scientific Ltd., and Precision Opticals are the the manufacturers of optical coating profiled in the full version of the report.
A few major competitors in the optical coatings market are concentrating on growing their coating capacity by building new facilities in strategic market locations. Manufacturers are improving their relationships with end users to provide Optical Coatings through contract manufacturing or through partnerships with OEMs in order to increase their revenue in an effort to further strengthen their global presence. Since the bulk of market participants are situated in the United States, American companies have dominated the optical coatings business.
Also, the focus has been on the expansion of production capacities to meet the growing demand for Optical Coating. For instance,
- EssilorLuxottica fully acquired Shamir Optical Industry Ltd., which has a strong presence in ophthalmic lens technology and related products.
- Nippon Sheet Glass & Co., Ltd. collaborated with Cohda Design Limited (UK) to create new glass applications
- PPG completed the acquisition of Worwag, a manufacturer of coatings for industrial and automotive applications.
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/6540
Optical Coating Market Segmentation
By Product Type:
- AR coatings
- High Reflective Coatings
- Transparent Conductive Coatings
- Filter Coatings
- Beam splitter Coatings
- Others
By Technology:
- Vacuum Deposition
- E-beam Evaporation
- Sputtering Process
- Ion-Assisted Deposition
By Application:
- Consumer Electronics
- Lenses & Eyewear
- Solar
- Automotive
- Aerospace & Defense
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
