Optical Coating Market – Global Industry Insights, Market Size Estimation, Growth Forecast By Materials (Oxide, Fluoride, Metal etc), By Types (Anti-Reflective, High-Reflective, Conductive, Electrochromic & Filter Coating), By Technology (Vacuum Deposition Technology, Ion-Beam Sputtering, Plasma Reactive Sputtering etc), By End Use Industry (Solar Energy, Telecommunication, Medical, Transportation etc) & By Regions, 2017 – 2025

The Optical Coating Market is expected to demonstrate growth during the research period from 2017 to 2025.

 
What Are the Driving Factors for the growth in the size of the Optical Coating Market?

  • Use of different types of optical coatings in industry verticals such as renewable energy, consumer electronics, transportation etc
  • Increasing use of optical coatings to amplify durability and energy yield of solar cell
  • Growing demand for magnesium fluoride as optical coating for its low-cost advantage, wide acceptability and rising application in flat panels
  • Improvement in coating technology for aerospace & defense equipment

 

How Is The Global Optical Coatings Market Segmented?
By Term Segments
By Materials Oxide, Fluoride, Metal, and others
By Types Anti-Reflective Coating, High-Reflective Coating, Conductive Coating, Electrochromic Coating, Filter Coating and others
By Technology Vacuum Deposition Technology, Ion-Beam Sputtering, Plasma Reactive Sputtering and others
By End-Use Industry Solar Energy, Semiconductor & Electronics, Telecommunication, Medical, Aerospace & Defense, Transportation and others
By Regions North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America

 

Who Are The Major Players In The Optical Coating Market?
Headquarters Corporations
The U.S. Dupont, PPG Industries, Newport Corporation, Inrad Optics, Inc and others
Germany Carl Zeiss AG and others
Japan Nippon Sheet Glass Co., Ltd. and others

 
Why Buy this Optical Coating Market Research Report?

  • This optical coating market research report provides in-depth analysis of market determinant factors.
  • This report analyzes market dynamics for each segment (such as Materials, Types, Technology, End-Use Industry, Regions).
  • This analysis provides 8 years forecast by analyzing push and pull factors affecting the dynamics of the market.
  • This market report provides application level cross-sectional analysis for each product type.
  • This report provides regional level pricing trend analysis.
  • This analysis report acts as business decision support system by analyzing key trends in each market segment.
  • The optical coating industry report provides insights regarding business strategies of leading market players.

Optical Coating Market - Introduction

The global optical coating market is expected to grow at a high rate during the forecast period 2017 to 2025. Optical coating market is segmented in terms of materials, types, technology, end-use industry, and geography. Optical coatings are mono or multiple layers of thin film coated on the exterior or interior surface of an optical component. These layers are used to create a barrier to the incoming light and subsequently alter the reflection as well as transmission properties of the particular optical system. Rising demand for anti-reflective optical coatings and other types of coatings in the solar industry is one of the prime growth drivers for the global markets for optical coatings. Rising application of the low-cost optical coating in laser component manufacturing, aerospace & defense and the medical sector has acted as a push factor for the growth of optical coatings market.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By Materials, Types, Technology, End-Use Industry, Regions
Regional Scope North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America
Report Coverage Market Dynamics, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

Major technological advancement in the field of the optical coating was achieved during 1930’s with the introduction single-layer antireflection coating procedure in Germany. As of 2016, producers deploy mainly four types of optical coating technology such as vacuum deposition technology, ion-beam sputtering, plasma reactive sputtering, and others. Vacuum deposition technology is a thermal process where the source material is transformed into vapor state either through electron-beam bombardment or resistance heating inside a vacuum tube. In the ion-beam sputtering process, energetic ions are targeted to coating materials and these ions transfer kinetic energy “sputter” materials from target source. Plasma reactive sputtering process helps producers to design complex coating design consisting of high and low index materials.

 

Market Dynamics

Different types of optical coatings such as anti-reflective coating, high reflective coating, conductive coating, filter coating, electrochromic coating etc are utilized in industry verticals including renewable energy, consumer electronics, transportation, aerospace & defense etc. Rising demand for renewable energy and government regulations are driving the installation of the solar cell across residential and industrial sector. In emerging economies, installation rates of low-cost coated solar panels have been increased significantly in recent years. On the other hand, optical coatings increase durability and energy yield of solar cell, bringing down the cost per output. Therefore, growth in solar cell industry is fuelling the growth of application market for optical coating.

In consumer electronics, demand for magnesium fluoride as optical coating is growing due to its low-cost advantage, wide acceptability in optical component manufacturing and rising application in flat panels. In aerospace and defense sector, anti-reflective, filter and metal coatings are mostly used. Furthermore, advancement in coating technology for aerospace and defense equipment is likely to push the growth of the optical coating market size. Decreasing demand for coating materials used in optical storage devices globally has negatively affected the growth of optical coating market. In coming years, environmentally sustainable and multiple layer optical coating is expected to emerge as a growth opportunity in the optical coating marketplace during the forecast period 2017 to 2025.

 

Market Trends

In recent years, demand for different types of optical coating in emerging economies has increased owing to rising demand for optically coated solar panels, growing adaptation of optical coating technology by semiconductor & electronics manufacturers and boosting in consumption of optically coated components in the defense sector. Demand growth of eco-friendly optical coating in semiconductor & electronics and solar energy sector is identified as the long-term growth driver for the market size of optical coatings. Growth in demand of a multilayer antireflective coating in medical, electronic component manufacturing, scientific research, and optical component manufacturing is identified as the mid-term growth driver of the global market value of optical coatings. Revenue gain of Asia Pacific optical coating market is mainly caused by growth in demand from semiconductor & electronics, solar energy and defense sector among others. In terms of market structure, the fragmented market for optical coating is resulted due to the presence of large numbers of players with competitive product portfolio.

 

Segmentation Overview

By materials, the optical coating market has been segmented as oxide, fluoride, metal and other. In terms of revenue, oxide based optical coating contributed the largest share of the optical coating market in 2016. In terms of technology, the market has been segmented into vacuum deposition technology, ion-beam sputtering, plasma reactive sputtering, and others. By types, the market has been segmented into the anti-reflective coating, high-reflective coating, conductive coating, electrochromic coating, filter coating and others. By end-use industry, optical coating market has been segmented into solar energy, semiconductor & electronics, telecommunication, medical, aerospace & defense, transportation and others.

By geography, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. In terms of revenue, North America held the largest share of the optical coating industry. In North America, volume consumption of optical coatings is driven by growth in the medical sector, rising demand of optically coated components in aerospace & defense sector and rapid penetration renewable energy sector.

 

Competitive Landscape

Leading players operating in the optical coating market are Dupont (the U.S.), PPG Industries (the U.S.), Carl Zeiss AG (Germany), Nippon Sheet Glass Co., Ltd. (Japan), Newport Corporation (the U.S.) and Inrad Optics, Inc (the U.S.). In North America, the concentration of optical coating producer is significantly high whereas, in Asia Pacific, the market is dominated by optical coating producers located in Japan and China.

 

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