The global Optical Coatingmarket was valued at USD 7.73billion in 2016 and is projected to reach USD 13.98billionby 2025, growing at a CAGR of 6.80% from 2017 to 2025.
Optical coatings are thin layers of materials deposited on an optical component such as a mirror or a lens. Initially the demand was high in the medical sector. However, due to advancement in imaging technologies the application in other industries such as defense and military and electronics and semiconductors is growing rapidly.
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1. Market Drivers
1.1 Technological advancements in fabrication process
1.2 Increasing demand in renewable energy applications
2. Market Restraints
2.1 High R&D costs
2.2 Volatile prices of raw materials
The global Optical Coatingmarket is segmented on the technology, type, application, and region.
1. By Technology:
1.1 E-Beam Evaporation Technology
1.2 Vacuum Deposition Technology
1.3 Ion Assisted Deposition Technology
1.4 Sputtering Process
2. By Type:
2.1 High reflective coatings
2.2 AR coatings
2.3 Transparent Conductive Coatings
2.4 Beamsplitter Coatings
2.5 Filter Coatings
2.6 EC Coatings
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3. By Application:
3.1 Semiconductor and Electronics
3.3 Defense and Military
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. II-VI Optical Systems
3. PPG Industries
4. Reynard Corporation
5. Nippon Sheet Glass
6. Abrisa Technologies
7. Zeiss Group
8. Artemis Optical Ltd.
9. Inrad Optics Inc.
10. Newport Corporation
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.