Optical coatings are used to enhance properties such as reflection, transmission, and polarization of an optical component. The major sectors using optical coating are aerospace, telecommunication, and construction industries. Optical coatings are used in numerous applications such as automotive, healthcare, solar panels, military and electronics, and telecommunication devices. In addition, optical coatings are majorly used in sensors, lenses, displays mirrors, and glass and among others. Global Optical Coating Market would grow at a robust growth rate during the forecast period.
Market Dynamics of Global Optical Coating Market
The optical coatings are mostly used in glass surfaces which are used in new technologies such as smartphones, tablets, and others. The emergence of new technologies in smartphones, and tablets among others are positively driving the market growth. Inclination towards clean energy is another major factor influencing the growth of optical coatings in solar panels. In addition, optical coatings are also used for architecture, aerospace, construction, military, and defense among others.
High prices of raw materials are affecting the market growth of the optical coating market globally. In addition, the recent outbreak of COVIV-19 has affected the architecture, automotive, telecommunication, and other manufacturing industries which in turn have adversely affected the market growth.
Market Scope and Segmentation of Global Optical Coating Market
The report global optical coating market comprises extensive research along with the detailed analysis of qualitative as well as quantitative aspects. The report gives a clear picture of the current market scenario which includes market size, market financials, technological advancements, and driving factors of the market. This report also includes an in-depth analysis of the potential impact on micro-economic factors of the market. The insights on the global optical coating market are a result of our extensive primary as well as secondary research and expert reviews. These market estimates have been assessed by PORTER’s five forces, SWOT, and PEST analysis.
The market segmentation of the report is categorized by type, by technology, by end-use, and by geography. The market is further sub-segmented on the basis of type into anti-reflection coatings, high reflection coatings, partial reflection coatings, filter coatings, electrochromic coatings, transparent conductive coatings, and beam splitter coatings; by technology into sputter process, E- beam evaporation, vacuum deposition, and Ion-assisted deposition among others; by end-use into architecture, automotive, military, healthcare, electronics, and telecommunications among others and by geography into North America, Europe, Asia Pacific and Rest of the World (RoW).
Key Players of Global Optical Coating Market
The prominent players of the global optical coating market are Abrisa Technologies, Zygo Corp., Optics Balzers AG, Hoya Corp. USA, Research Electro-Optics Inc., AccuCoat Inc., Acton Optics & Coatings, Brewer Science Inc., DELTA Light & Optics, Optical Coatings Japan, Edmund Optics, Inrad Optics Inc., OptoSigma Corp., and Quantum Coating Inc. North America is leading the global optical coating market due to presence of product manufacturers who require optical coating in abundance. The growth of the construction industry is positively influencing the market growth in Europe and the Asia Pacific
Market Segmentation of Global Optical Coating Market
By end use:
Frequently Asked Questions (FAQs)