Optical Coating Market Worth 10.17 Billion USD by 2020
PUNE, India, February 11, 2016 /PRNewswire/ --
The report "Optical Coatings Market by Technology, (IAD, E-Beam Evaporation, Sputtering Process and Vacuum Deposition), By Type, By End-Use Industry & Region - Trends and Forecasts to 2020", published by MarketsandMarkets, The global market is projected to reach USD 10.17 Billion by 2020 at a CAGR of 7.1%.
This growth is fueled by the technological advancements, increasing production capacities, rising development strategies, and growing application sectors globally.
Browse 76 market data Tables and 64 Figures spread through 165 Pages and in-depth TOC on "Optical Coating Market"
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Vacuum Deposition: The largest, by technology market of optical coatings
Vacuum deposition is the largest technology segment of the optical coatings market. This technology allows curing at room temperature is reliable and imparts better mechanical strength & thermal stability to the optical components in which it is used. The increasing demand of environment friendly and highly versatile coating technology from industries such as mirrors, medical, aerospace, food packaging, and military & defense owing to its good impact strength and excellent abrasion resistance has fueled the growth of the technology
Anti-reflective Coatings: The largest, by type market of optical coatings
An anti-reflective coating, also known as AR coatings, is the largest segment of the optical coatings type market. Owing to their ability to reduce back glare, provide high efficiency, better picture quality, and increased transmission power of the optical components, AR coatings are used in consumer electronics, lenses, and optoelectronics applications. The growing electronics & semiconductor, solar, and transportation industry and increasing ecological regulations are few factors that drive the growth of the AR coatings market.
Electronics & Semiconductor: The largest application for optical coatings
The electronics & semiconductor application is the largest application for optical coatings owing to the increasing demand from applications PCB coating for complete protection from harsh environment, rapid coating of ultra-thin mobile phone keypads, optical storage devices, LED lighting, florescent lighting, and other consumer electronic & semiconductor instrumentation devices in North America, Asia-Pacific, and Europe regions. The ability to resist fluctuations in performance under stringent environment conditions, and produce high precision optical components are major factors driving the demand for Optical Coatings Market in the electronics & semiconductor application segment.
North America: The largest market for optical coatings
North America region is estimated to be the largest market for optical coatings globally. This is mainly attributed to the presence of large number of optical coating manufacturers, increasing number of patents, and growing demand of AR, high reflective, and filter coatings in the region. U.S. dominates the market due to growing optical coatings applications such as electronics & semiconductor, infrastructure, military & defense, and numerous developmental strategies adopted by the manufacturers.
The global optical coatings market is a fragmented one owing to the large number of buyers and suppliers across the globe. Also, the increasing rivalry among the players to obtain majority of the patents for optical coatings use in applications such as lenses, mirrors, glass, displays, and sensors has played a major role in intensifying the level of competition. Major players such as DuPont (U.S.), ZEISS Group (Germany), PPG Industries (U.S.), and Nippon Sheet Glass & Co., Ltd. (Japan) have adopted various organic and inorganic developmental strategies. They mainly focus on providing high-quality and low-cost optical coating components for various applications such as electronics & semiconductor, infrastructure, medical, military & defense, transportation, telecommunication/optical communication, and solar among others.
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This report covers the market by value for optical coatings and forecasts the market size till 2020. The report includes the market segmentation by technology, by type, by application, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global optical coatings market.
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