Dublin, April 05, 2022 (GLOBE NEWSWIRE) -- The "Optical Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global optical coatings market reached a value of US$ 13.7 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 21.5 Billion by 2027 exhibiting a CAGR of 7.50% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Optical coatings are a combination of thin-film layers that create an interference effect to enhance transmission and reflection properties in an optical system. They are designed for a specific incident angle and polarization of light, such as S-polarized, P-polarized, and random polarization.
They control the reflection and transmission of light through optical interference. As they reduce ghosting and maximize reflectance in a broad range of wavelengths, optical coatings find extensive applications in rain sensors, headlight lens systems, lighting reflectors, rear view mirrors, motion detectors, and camera systems across the globe.
Optical Coatings Market Trends:
There is a rise in the utilization of optical coatings to withstand high-temperature gradients and high rates of heat transfer in rapid thermal processing. This, along with the burgeoning electronics and semiconductor industry, represents one of the key factors driving the market.
Moreover, the escalating demand for advanced automotive electronics systems for a safe and convenient drive is stimulating the growth of the market. In addition, there is an increase in the employment of optical coatings in green buildings for heat retention and reducing energy consumption.
This, coupled with the rising sales of portable consumer electronics around the world, is positively influencing the market. Besides this, the increasing use of anti-reflective (AR) products in constructing photovoltaic (PV) panels, automotive displays, windows, and global positioning systems (GPS) worldwide is offering lucrative growth opportunities to end-users.
Furthermore, key market players are focusing on new product development, merger and acquisition (M&A), and collaboration to positively influence their overall profitability. Other growth-inducing factors are the development of alternate energy sources and considerable investments in solar energy generation by governments of several countries.
Key Questions Answered in This Report:
- How has the global optical coatings market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global optical coatings market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global optical coatings market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- 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
- Zygo Corporation (Ametek Inc.).
Key Market Segmentation:
Breakup by Type:
- Anti-reflective Coatings
- Reflective Coatings
- Filter Coatings
- Conductive Coatings
- Electrochromic Coatings
- Others
Breakup by Technology:
- Vacuum Deposition
- E-Beam Evaporation
- Sputtering Process
- Ion-Assisted Deposition
- Others
Breakup by End Use Industry:
- Electronics and Semiconductor
- Aerospace and Defense
- Automotive and Transportation
- Telecommunications
- Construction and Infrastructure
- Solar Power
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/nt54r4
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