Optical Coating Market – Global Growth Analysis and market Study
DecisionDatabases.com has recently added a new study “Global Optical Coating Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast”. This study is useful to understand the market dynamics for business strategists. The report uses historical data and current trends to estimate the future outlook of the industry. Rising adoption of advanced technologies by defense for thermal imaging, target selling, security & surveillance is anticipated to boost market demand in the near future. Increasing popularity in fiber optics & laser applications and growing demand in construction activities due to its anti-reflective and effective light transmission properties is projected to augment demand over the coming years. However, volatility in the raw material prices is a major concern, which can restrict the growth of the market during the forecast period. Rising government spending on infrastructure in the emerging economies coupled with the rapid adoption of solar energy as a safe and green energy is another considerable factor to upsurge the market growth.
The optical coating is a thin film coating which is deposited on optical surfaces of various substrates including plastic, metal, glass & polymers to enhance their transmission and reflective features. They are used on several things from bulbs and mirror to lenses and prisms. Its performance depends upon the number of coatings, refractive index difference and the thickness of the layer interfaces. Optical coatings are primarily used to block specific light- wavelengths to offer an extremely reflective surface. Various methodologies used for the coating process includes ion-beam sputtering, advanced plasma reactive sputtering and evaporation deposition among others.
In the report the global market has been segmented based on type into anti-reflective (AR) coatings, beamsplitter coatings, electrochromic (EC) coatings, filter coatings, high reflective coatings, transparent conductive coatings, and others. Anti-reflective is a fastest growing segment and is expected to witness a substantial growth during the forecast period owing to their widespread usage in optical light transmission, infrastructure, and imaging industries. On the other hand, high reflective coatings are also projected to grow at a significant rate in the study period on account of its increasing demand in the military & defense, construction, and telecommunication industries. The market has been further segmented based on end-use and technology. Electronics is a major end-use segment and is estimated to witness a double-digit growth in the study period due to rising demand for consumer electronics and high-resolution displays across the globe.
North America has accounted for major market share and is estimated to continue its dominance over the forecast period owing to the growing consumer preference for emerging technologies, increasing spending on defense sector to improve equipment technologies and rising adoption of optical coatings across various end-use industries in the region. Asia Pacific also emerges as a key market and is projected to grow at the highest CAGR over the coming years on account of expanding infrastructural activities, growing telecom industry and increasing consumer electronics market in the region.
The major companies are Cascade Optical Corporation, Inrad optics, PPG Industries, Schott AG., Abrisa Technologies and Newport Corporation.
In July 2015, Oxley has introduced a wide range of high specification filter options specifically designed for the defense, industry.
In July 2016, Laser Zentrum Hannover and Fraunhofer-Institut für Angewandte Optik und Feinmechanik (IOF) have jointly inaugurated the Center for Optical Coatings and Metrology (COMET) for the development of advanced optical products.
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