Optical Coatings Market by Technology, Type, End-use Industry and Region - Global Forecasts to 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 8, 2021--
The “Global Optical Coatings Market by Technology, (Vacuum Deposition, E-Beam Evaporation, Sputtering Process, and Ion Assisted Deposition (IAD)), Type, End-Use Industry, and Region (APAC, North America, Europe, and Rest of World) - Forecasts to 2026” report has been added to ResearchAndMarkets.com’s offering.
The optical coatings market size is projected to grow from USD 12.6 billion in 2021 to USD 19.0 billion by 2026, at a CAGR of 8.5%.
The optical coatings market is witnessing high growth as a result of demand for optical coatings in industrial applications from emerging economies in APAC and Europe.
Optical coatings are a process of blending a thin layer of films on optical components, such as lens and mirrors, to intensify the reflection and transmission characteristics of the optical system. They normally contain layers of various metallic and dielectric materials such as titanium dioxide, silicon dioxide, and aluminum piled together according to the end-use application.
Optical coatings are thin layers of special materials deposited on various optical components and devices that are used as alternatives to traditional coatings, which are used to enhance the reflection and transmission properties of the component’s surface. The growth of the electronics & semiconductor, military & defense, transportation, and other end-use industries is propelling the demand for optical coatings significantly. All these factors are expected to drive the market for optical coatings market.
Vacuum deposition is the largest technology segment of the optical coatings market
The optical coatings market is segmented on the basis of technology into vacuum deposition, E-beam evaporation, sputtering process, and ion-assisted deposition (IAD). Vacuum Deposition holds the major market share of the overall optical coatings market owing to its ability to cure at room temperatures, improved reliability, and increased thermal and mechanical strength of electronic devices.
AR Coatings is the largest type segment of the optical coatings market
The optical coatings market is segmented on the basis of type into AR coatings, high reflective coatings, transparent conductive coatings, filter coatings, beamsplitter coatings, EC coatings, and others. AR coatings type segment holds major market share of the overall optical coatings market owing to its ability to provide high-quality coatings with high transmission power and low reflection power on components such as lenses, mirrors, and display screens used in various industrial and consumer applications. These factors are fueling the growth of AR coatings in the global optical coatings market.
Electronics & semiconductor is the largest end-use industry segment of the optical coatings market
The optical coatings market is segmented on the basis of end-use industry into electronics & semiconductor, military & defense, transportation, telecom/optical communication, infrastructure, solar power, medical, and others. Electronics & semiconductor end-use industry segment holds major market share of the overall optical coatings market owing to the increasing demand for highly resistant and high dielectric strength coating layers in photovoltaic (PV) cells, electronics assemblies, ICs, and other optoelectronic devices. These factors are fueling the growth of the optical coatings market in the electronics & semiconductor industry.
North America is the largest market for optical coatings market
North America is the largest market for optical coatings during the forecast period. This growth can be attributed to the growing demand from the electronics & semiconductor industry and the increasing contribution of government and major players for commercializing optical coatings in the region.
Moreover, stringent environmental and government regulations, such as Architectural and Industrial Maintenance (AIM) Coatings for Volatile Organic Compounds (VOCs) content limits and the United States Munitions List (USML) that regulate optical technology along with coating exports under the International Traffic in Arms Regulations (ITAR) fuel the market growth for optical coatings in the region.
- Rise in Demand for Optical Coatings from Electronics & Semiconductor Industry
- Growing Solar Power Industry to Drive the Market
- Technological Advancement in Optical Equipment and Fabrication Process
- Volatility in Raw Material Prices
- High R&D and Equipment Cost
- Increasing Adoption of Advanced Automotive Electronics
- Stringent Government Regulations
- Maintaining the Environmental Durability of Optical Coatings
- Abrisa Technologies
- Andover Corporation
- Artemis Optical Limited
- Berliner Glas Grou
- Cascade Optical Corporation
- Denton Vacuum
- Deposition Sciences, Inc. (DSI)
- Evaporated Coatings, Inc.
- II-VI Aerospace & Defense
- Inrad Optics, Inc.
- Janos Technology LLC
- Lambda Research Optics Inc.
- Materion Corporation
- MLD Technologies, LLC
- Nano Quarz Wafer
- Newport Corporation
- Nippon Sheet Glass Co. Ltd.
- Ophir Optronics Solutions Ltd
- PPG Industries Ohio, Inc.
- Reynard Corporation
- Visimax Technologies Inc.
- Zeiss International
For more information about this report visit https://www.researchandmarkets.com/r/ikpn3k
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PUB: 11/08/2021 12:14 PM/DISC: 11/08/2021 12:14 PM