The Global Market for Optical Coatings is Projected to Reach US$15.3 Billion by 2022

Growing Demand for Coating Solutions Designed to Improve Light and Energy Efficiency to Spur Growth in the Optical Coatings Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Optical Coatings market. The global market for Optical Coatings is projected to reach US$15.3 billion by 2022 driven by factors such as rise in demand for electronic computing devices and optical lenses, increased penetration of photovoltaics, growing focus on energy efficient infrastructure and expanding applications for innovative coatings.

Optical coatings are thin layers of materials applied on substrates to improve the transmission and reflection properties within an optical system.  Optical coatings find use in applications such as photovoltaic cells, electronic screen displays, lighting devices, nano-structures, laser optics, and lithography, among others. These coatings lower the light loss and increase reflectivity in optical components used in products such as electronic computing devices. Demand for optical coatings is hence driven by demand for high-resolution displays in electronic devices, increasing penetration of photovoltaics and expanding applications for innovative coatings. The growing government focus on developing renewable energy sources in the wake of rising energy crisis, and resulting increase in investments in solar /photovoltaic modules will continue to foster demand in the market. Developments in material analysis and processing, environmental monitoring, photolithography and biomedical applications are further expected to drive demand for high-performance optical coatings.

Advanced optical coating techniques provide effective means to manage heat radiation and improve the overall quality of optics. Backed by developments in architectural glasses based on the green theme, demand for multilayers interference films and low-e films technology is on the rise. In the medical sector, demand for optical coatings is expected to gain from the continued rise in adoption of minimally invasive procedures and growing demand for patient monitoring equipment, diagnostic devices such as endoscopes.  In the transportation sector, optical coatings that reduce glare and reflections from the lens surface are in high demand. Gains follow increased usage of optical components in almost all new vehicle models. Transmissive or Anti-Reflective Coatings represent the largest product market, supported by their use in Flat panel displays (FPDs) to eliminate glare and blurred images. The growing adoption of anti-reflective coatings is also attributed to increasing demand for infrastructure that is energy efficient.

As stated by the new market research report on Optical Coatings, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 10.7% over the analysis period led by factors such as rise of low cost Asian countries as global production hubs for a wide range of electronic products such as smartphones, mobile computing devices, LCD/LED TVs and other consumer electronic devices that utilize reflective optics; increasing military spending in China and India and the ensuing expansion of addressable market opportunities in military applications; and growing financial commitment for developing new and advanced optical coating technologies.   

Key players covered in the report include Abrisa Technologies, AccuCoat Inc Acton Optics & Coatings, Brewer Science Inc., DELTA Light & Optics, Edmund Optics,  Hoya Corp. USA, Optical Coatings Japan, Optics Balzers AG, OptoSigma Corp., Inrad Optics Inc., Quantum Coating Inc., Research Electro-Optics Inc., and Zygo Corp., among others.

The research report titled “Optical Coatings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers,  mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. End-use sectors analyzed in the report include Healthcare, Military, Electronics, Transportation, Construction, and Others. Product Types analyzed include Transmissive or Anti-Reflective Coatings, Transparent Electrodes, Reflective Coatings, Filters, and Others.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

  1. The title of your write-up is very eye catchy which holds an individual to read till the very end of your blog. Every new paragraph increases the interest of a reader.
    optical black coating

    ReplyDelete
  2. Your article was very impressive; I really appreciate the research you’ve done and that helps make your article rich. Overall you’ve done great work.
    Custom optical coatings

    ReplyDelete
  3. Nicely written post! I must thank you for posting this blog because the topic is in very demand today and everyone wants to read about it. You have given us an appropriate option.
    light absorbing coatings

    ReplyDelete

Post a Comment

Popular posts from this blog

The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022