Key Players Covered in the Market Report
- Jenoptik (Jena, Germany)
- SCHOTT (Mainz, Germany)
- Optimax Systems, Inc. (New York, U.S.)
- Surface Optics Corporation (California, U.S.)
- GELEST, INC. (Pennsylvania, U.S.)
- Materion Corporation (Ohio, U.S.)
- VAMPIRE OPTICAL COATINGS (Ohio, U.S.)
- Optics Balzers AG (Liechtenstein, Germany)
- VIAVI Solutions Inc. (California, U.S.)
- PPG Industries, Inc. (Pennsylvania, U.S.)
- DuPont (Delaware, U.S.)
- ZEISS International (Oberkochen, Germany)
- Nippon Sheet Glass Co., Ltd (Tokyo, Japan)
- Newport Corporation (California, U.S.)
Report Coverage
The report offers a systematic study of market segments and a thorough analysis of the market overview. It provides a careful assessment of current market trends and future opportunities. Additionally, the report includes an in-depth analysis of regional dynamics and their contribution to market growth. The impacts of COVID-19 are discussed to give stakeholders and business owners a clear understanding of the prevailing risks. The report also highlights key players and their notable strategies for maintaining a leading position in the market.
Segmentation
Product Types:
- Anti-reflective coatings
- Reflective coatings
- Filter coatings
- Conductive coatings
- Electrochromic coatings
- Others
Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
End-use Industries:
- Consumer electronics
- Telecommunication
- Medical
- Transportation
- Aerospace & defense
- Others
Consumer electronics are expected to hold the largest market share and continue to drive the market during the forecast period, accounting for 51.0% globally and 49.3% in the U.S.
Drivers and Restraints
Reinforced Growth of Telecommunication Industry: The global economy’s connectivity relies on voice and data transmission, with optical fiber systems experiencing rapid growth. The rise of the internet has significantly driven the optical industry. Optical coatings are essential in various gadgets and components, enhancing product value. Mass production and layering of optical components can reduce costs and increase profitability for the coating industry.
Telecom Industry as a Growth Driver: Compound filters are used to monitor the signal transmission of optical fiber links, with multi-layer thin-film stacks extending the bandwidth in communications. The telecom industry is expected to be the fastest-growing market for optical coatings. Despite limited production capacity, thin-film optical filters, made up of numerous layers and tiny particles, offer high-profit market prices. The demand for high-efficiency standards in thin-film optical filters has surged in response to the optical communications industry’s needs.
Information Source:
https://www.fortunebusinessinsights.com/optical-coatings-market-102138
Regional Insights
Asia Pacific: The market size in Asia Pacific was USD 5.48 billion in 2020, driven by a growing population and increasing demand for consumer electronics like laptops, cameras, cell phones, video game consoles, LED TVs, and personal computers.
North America: The demand for non-toxic and environmentally friendly coating materials in semiconductor and circuit assembly, sensor applications, laser systems, and aerospace applications has fueled market growth.
Europe: Europe is expected to witness steady market growth due to the increasing use of optical coatings in car windows, automobile displays, and headlamps. The region has the most liberalization, privatization, and competition in the telecommunications industry.
Competitive Landscape
Key Companies Focus on Innovation: Leading companies in the optical coatings market often launch new products at major events to reach a global audience and enhance brand recognition. For example, in May 2019, PPG Industries, Inc. participated in the SID Display Week 2019, showcasing their advanced conductive and transparent functional coatings for display glass and plastic substrates.
Blog Related Insights:https://www.globenewswire.com/en/news-release/2023/10/12/2759280/0/en/Optical-Coatings-Market-Poised-to-Attain-24-30-Billion-by-2029-Projected-8-0-CAGR.html
