Increase in Awareness Regarding Energy Efficient Buildings Coupled with Rise in Demand for Electronics & Semiconductors in Emerging Economies is set to Drive Global Optical Coating Market over the Forecast Period: Ken Research

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Optical coating is a mixture of thin layers of films that produce interference effects to improve transmission & reflection properties of an optical system. These coatings are manufactured with oxides, metals, and rare earth materials. The performance of optical coating depends on the number of layers, thickness of different layers, coating material, and the difference in refractive index at the layer interface.

According to study, “Global Optical Coating Market Research Report: By Type, By Sputter Deposition, By Coating Material, By End-use Industry, By Region : Forecast to 2023” the key companies operating in the global optical coating market are Edmund Optics Inc., Angstrom Engineering Inc., Thorlabs Inc, Optiforms Inc., Carl Zeiss Jena GmbH, AbrisaTechnologies, Inrad Optics, Reynard Corporation, MKS Instruments, PPG Industries, Inc, AMETEK, Optics Balzers AG, II-VI Incorporation, Berliner Glas, DowDuPont, Inc., Optical Coatings Japan, 3M, AccuCoat Inc., Abrisa Technologies, Artemis Optical Ltd., Align Optics, Berliner Glas Group, CILAS, Buhler AG, Denton Vacuum, Berliner Glas Group, Denton Vacuum, Buhler AG, CILAS, FLIR Systems, Inc., Edmund Optics Inc., Inrad Optics, FOSTA-TEK Optics Inc., Laser Components, Janos Tech, NANEO Precision IBS Coatings GmbH, Laseroptik GmbH, Nippon Sheet Glass & Co., Ltd., Newport Corporation, Northumbria Optical Coatings Ltd., Ophir Optronics Solutions Ltd., Optics Balzers AG, Qioptiq (Excelitas Technologies Corp.), PPG Industries, Inc., Sigmakoki Co., Ltd., VIAVI Solutions Inc., SCHOTT AG, ZEISS International.

Based on type, global optical coating market is segmented into beam-splitter coatings, filter coatings, anti-reflective coatings, electrochromic coatings, transparent conductive coatings, high reflective coatings and partial reflective coatings etc. Filter coatings include bandpass, short-pass & long-pass, notch filters and others. Based on coating method, market is segmented into sputter deposition and vacuum deposition or evaporative deposition. Sputter deposition include Ion Beam Sputtering (IBS), reactive sputtering, Ion Assisted Deposition (IAS), plasma sputtering, magnetron sputtering and gas flow sputtering. Vacuum deposition includes electron beam deposition and thermal evaporation. Based on coating material, market is segmented into dielectric materials and metallic materials. In addition, based on end-use industry, market is segmented into automotive, electronics & telecommunication, healthcare, solar, aerospace & defense and others.

The optical coating market is driven by increase in awareness regarding energy efficient buildings, followed by rise in demand for electronics & semiconductors in emerging economies, higher investment by defense industries for innovative equipment or technologies, increase in demand for improved technologies and anti-reflection coating improves visual acuity. However, fluctuations in the prices of raw materials and increase in the cost of production owing to expensive application techniques may impact the market. In addition, rise in laser technologies in medical or military & defense and increase in application of optical coating in solar cells are key opportunities for market.

Based on geography, the Asian-Pacific region holds major share, followed by North-American region in optical coating market owing to high solar photovoltaic (PV) capacity and large consumer base in the region European region is expected to witness higher growth rate due to well-established solar energy & defense markets over the forecast period. It is anticipated that market will be reached at US $11,788.3 million, by 2023

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Global Optical Coating Market

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