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CHEMICALS AND ADVANCED MATERIALS

Optical Coatings Market Segmentation By Product Type, By Technology and By End-Use – Global Industry Demand Analysis and Opportunity Assessment 2018-2027

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Extensive insights into the Growth of Optical Coatings Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • May 2018: SCHOTT North America, Inc., a subsidiary of SCHOTT AG, announced the launch of SCHOTT RealViewÔ, which is an optical glass wafer developed by the organization for augmented reality (AR) applications.

  • November 2019: ZEISS International announced the launch of an exclusive new set of seven high-end cinematography lenses, known as ZEISS Supreme Prime Radiance lenses which are benefitted with T*blue coating for offering a distinctive look and consistent flares across all focal lengths. The set of lenses, whose focal length ranges between 21 and 100 millimeters, is anticipated to support filmmakers and cinematographers extensively throughout their creative processes.

Market Overview

The global optical coatings market is thriving on the back of growing opportunities derived from the advent of autonomous and semi-autonomous cars, which has generated potential opportunities for the optical coating industry, coupled with the emerging applications of thin film optical coatings in power generation (photovoltaics) for space applications. Optical coatings, such as anti-reflective coatings are used in various space equipment required for monitoring and exploratory missions. Moreover, the increasing use of optical coatings for military operations, such as target designators, vision systems, guidance systems and surveillance packages amongst others backed by the increasing defense spending by government of nations around the globe are some of the factors anticipated to drive the growth of the global optical coatings market.

The global optical coatings market reached USD 12453.20 million in the year 2018 and is expected to garner USD 23792.5 million by the end of 2027 by registering a CAGR of 8.3% across the globe over the forecast period 2020-2027.

Growth Highlights based on Region during 2018-2027

The global optical coatings market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. Among these regions, the market of North America optical coatings is driven by U.S. and Canada, where U.S. held a dominant market share on the back of growing solar industry along with the presence of numerous medical equipment companies in the nation and increasing military spending of the government. Additionally, the North America region held a market share of around 37% during the year 2018 and is anticipated to attain a CAGR of 8.1% over the forecast period.

The global optical coatings market in Europe is growing on the back of rising adoption of optical coatings by end-use industries, which includes automobile, consumer electronics and aerospace & defense across some of the major nations, such as Germany, France, Spain and UK. Moreover, increasing R&D investments in automobile sector, which is also a primary consumer of optical coatings, is further anticipated to contribute significantly to the growth of the optical coatings market in the region.

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). CLICK TO DOWNLOAD FREE SAMPLE

Share of Optical Coatings Market

Market Segmentation Synopsis

By Product Type

The global optical coatings market has been segmented on the basis of product type into filter coatings, reflective coatings, anti-reflective coatings, conductive coatings, electrochromic coatings and others. Anti-reflective coatings segment with 30% share in 2018, occupies the largest market of optical coatings around the globe. Additionally, anti-reflective coatings segment is anticipated to cross USD 7000.0 million by the end of 2027 by registering a CAGR of 8.1% over the forecast period. Further, the conductive coatings segment is anticipated to grow with the highest CAGR of 9.2% over the forecast period.

Optical Coatings Market Share

By Technology

The global optical coatings market is also segmented by technology into vacuum deposition technology, e-beam evaporation technology, atomic layer deposition, plasma sputtering, ion beam sputtering and others. E-beam evaporation technology segment with around 23% share in 2018, occupies the largest market share of optical coatings around the globe. Additionally, e-beam evaporation technology segment is anticipated to cross USD 5000.0 million by the end of 2027 by attaining a CAGR of 8.1% over the forecast period. Further, the atomic deposition layer segment is anticipated to grow with the largest CAGR of 9.2% over the forecast period.

Optical Coatings Market Share

Market Drivers and Challenges

Growth Indicators

According to the statistics by the International Energy Agency (IEA), power generation from solar photovoltaic (PV) cells increased by more than 30% in the year 2018 as compared to its previous year.

Net Global Solar PV Capacity Additions

The need for alternative sources of energy, especially from renewable resources, such as solar, wind, and hydro among others amongst nations around the globe is increasing tremendously. Optical coatings, such as nano-scale optical coatings are used massively in solar panels as they enable the solar cells to absorb an increase amount of sunlight of nearly 20% as compared to the uncoated solar panels, and also help manufacturers of solar panels to lower their production cost. Additionally, increasing demand for optical coatings from end use industries, such as consumer electronics and healthcare is also anticipated to drive the growth of the global optical coatings market throughout the forecast period. Several equipment used in the healthcare industries require installation of electronic displays. These displays are deployed with optical coatings for improving the display viewing quality as it is very much critical for healthcare experts to observe and monitor the clinical and diagnostic reports.

Barriers

Several raw materials, such as metallic oxides, metals, rare earth metals and fluoride compounds are used for the preparation of optical coatings. The concern for price volatility and scattered availability of these raw materials, coupled with the stringent regulations concerning the application of other raw materials, such as chromic acid, which is used commonly for decorative and hard optical coatings is another major factor expected to limit the growth of the optical coatings market around the globe.

Competitive Landscape

Some of the affluent industry leaders in the global optical coatings market are SCHOTT AG, ZEISS International, PPG Industries Inc., Viavi Solutions, Inc., Alluxa, Inrad Optics, Optics Balzers, Cascade Optical Corporation, Abrisa Technologies and Newport Corporation.

FREQUENTLY ASKED QUESTIONS

Global Optical Coatings Market Outlook: Industry Analysis & Opportunity Evaluation, 2018-2027F

TABLE OF CONTENTS

1. Introduction

1.1. Market Definition

1.2. Product Overview

1.3. Market Segmentation

2. Assumptions and Abbreviations

3. Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Market Size Estimation

4. Executive Summary - Global Optical Coatings Market

5. Value Chain Analysis

6. Regulatory Landscape

7. Optical Filter & Raw Material Outlook

8. Market Dynamics

8.1. Drivers

8.2. Restraints

8.3. Trends

8.4. Opportunities

9. Optical Coatings Market - Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Optical Coatings Market Outlook

10.1. Market Size and Forecast, 2018-2027F

10.1.1. By Value (USD Million)

10.1.2. By Product-type

10.1.2.1. Optical Coatings Market Size, By Product-type (2018-2027F)

10.1.2.1.1. Filter Coatings, 2018-2027F (USD Million)

10.1.2.1.1.1. Soft Filter Coatings, 2018-2027F (USD Million)

10.1.2.1.1.2. Hard Filter Coatings, 2018-2027F (USD Million)

10.1.2.1.2. Reflective Coatings, 2018-2027F (USD Million)

10.1.2.1.3. Anti-reflective Coatings, 2018-2027F (USD Million)

10.1.2.1.4. Conductive Coatings, 2018-2027F (USD Million)

10.1.2.1.5. Electrochromic Coatings, 2018-2027F (USD Million)

10.1.2.1.6. Others, 2018-2027F (USD Million)

10.1.3. By Technology

10.1.3.1. Optical Coatings Market Size, By Technology (2018-2027F)

10.1.3.1.1. Vacuum Deposition Technology, 2018-2027F (USD Million)

10.1.3.1.2. E-beam Evaporation Technology, 2018-2027F (USD Million)

10.1.3.1.3. Atomic Layer Deposition, 2018-2027F (USD Million)

10.1.3.1.4. Plasma Sputtering, 2018-2027F (USD Million)

10.1.3.1.5. Ion Beam Sputtering, 2018-2027F (USD Million)

10.1.3.1.6. Others, 2018-2027F (USD Million)

10.1.4. By End-use

10.1.4.1. Optical Coatings Market Size, By End-use (2018-2027F)

10.1.4.1.1. Aerospace & Defense, 2018-2027F (USD Million)

10.1.4.1.2. Consumer Electronics & Semiconductors, 2018-2027F (USD Million)

10.1.4.1.3. Automotive, 2018-2027F (USD Million)

10.1.4.1.4. Architecture, 2018-2027F (USD Million)

10.1.4.1.5. Telecommunication, 2018-2027F (USD Million)

10.1.4.1.6. Solar Devices, 2018-2027F (USD Million)

10.1.4.1.7. Medical Equipment, 2018-2027F (USD Million)

10.1.4.1.8. Others, 2018-2027F (USD Million)

10.1.5. By Region

10.1.5.1. Optical Coatings Market Size, By Region (2018,2027F)

10.1.5.1.1. North America

10.1.5.1.2. Europe

10.1.5.1.3. Asia Pacific

10.1.5.1.4. Latin America

10.1.5.1.5. Middle East and Africa

11. North America Optical Coatings Market Outlook

11.1. Macro-Economic Indicators impacting the North America Optical Coatings Market

11.2. Market Size and Forecast, 2018-2027F

11.2.1. By Value (USD Million)

11.2.2. By Product-type

11.2.2.1. Optical Coatings Market Size, By Product-type (2018-2027F)

11.2.2.1.1. Filter Coatings, 2018-2027F (USD Million)

11.2.2.1.1.1. Soft Filter Coatings, 2018-2027F (USD Million)

11.2.2.1.1.2. Hard Filter Coatings, 2018-2027F (USD Million)

11.2.2.1.2. Reflective Coatings, 2018-2027F (USD Million)

11.2.2.1.3. Anti-reflective Coatings, 2018-2027F (USD Million)

11.2.2.1.4. Conductive Coatings, 2018-2027F (USD Million)

11.2.2.1.5. Electrochromic Coatings, 2018-2027F (USD Million)

11.2.2.1.6. Others, 2018-2027F (USD Million)

11.2.3. By Technology

11.2.3.1. Optical Coatings Market Size, By Technology (2018-2027F)

11.2.3.1.1. Vacuum Deposition Technology, 2018-2027F (USD Million)

11.2.3.1.2. E-beam Evaporation Technology, 2018-2027F (USD Million)

11.2.3.1.3. Atomic Layer Deposition, 2018-2027F (USD Million)

11.2.3.1.4. Plasma Sputtering, 2018-2027F (USD Million)

11.2.3.1.5. Ion Beam Sputtering, 2018-2027F (USD Million)

11.2.3.1.6. Others, 2018-2027F (USD Million)

11.2.4. By End-use

11.2.4.1. Optical Coatings Market Size, By End-use (2018-2027F)

11.2.4.1.1. Aerospace & Defense, 2018-2027F (USD Million)

11.2.4.1.2. Consumer Electronics & Semiconductors, 2018-2027F (USD Million)

11.2.4.1.3. Automotive, 2018-2027F (USD Million)

11.2.4.1.4. Architecture, 2018-2027F (USD Million)

11.2.4.1.5. Telecommunication, 2018-2027F (USD Million)

11.2.4.1.6. Solar Devices, 2018-2027F (USD Million)

11.2.4.1.7. Medical Equipment, 2018-2027F (USD Million)

11.2.4.1.8. Others, 2018-2027F (USD Million)

11.2.5. By Country

11.2.5.1. Optical Coatings Market Size, By Country (2018,2027F)

11.2.5.1.1. United States, 2018-2027F (USD Million)

11.2.5.1.2. Canada, 2018-2027F (USD Million)

12. Europe Optical Coatings Market Outlook

12.1. Macro-Economic Indicators impacting the Europe Optical Coatings Market

12.2. Market Size and Forecast, 2018-2027F

12.2.1. By Value (USD Million)

12.2.2. By Product-type

12.2.2.1. Optical Coatings Market Size, By Product-type (2018-2027F)

12.2.2.1.1. Filter Coatings, 2018-2027F (USD Million)

12.2.2.1.1.1. Soft Filter Coatings, 2018-2027F (USD Million)

12.2.2.1.1.2. Hard Filter Coatings, 2018-2027F (USD Million)

12.2.2.1.2. Reflective Coatings, 2018-2027F (USD Million)

12.2.2.1.3. Anti-reflective Coatings, 2018-2027F (USD Million)

12.2.2.1.4. Conductive Coatings, 2018-2027F (USD Million)

12.2.2.1.5. Electrochromic Coatings, 2018-2027F (USD Million)

12.2.2.1.6. Others, 2018-2027F (USD Million)

12.2.3. By Technology

12.2.3.1. Optical Coatings Market Size, By Technology (2018-2027F)

12.2.3.1.1. Vacuum Deposition Technology, 2018-2027F (USD Million)

12.2.3.1.2. E-beam Evaporation Technology, 2018-2027F (USD Million)

12.2.3.1.3. Atomic Layer Deposition, 2018-2027F (USD Million)

12.2.3.1.4. Plasma Sputtering, 2018-2027F (USD Million)

12.2.3.1.5. Ion Beam Sputtering, 2018-2027F (USD Million)

12.2.3.1.6. Others, 2018-2027F (USD Million)

12.2.4. By End-use

12.2.4.1. Optical Coatings Market Size, By End-use (2018-2027F)

12.2.4.1.1. Aerospace & Defense, 2018-2027F (USD Million)

12.2.4.1.2. Consumer Electronics & Semiconductors, 2018-2027F (USD Million)

12.2.4.1.3. Automotive, 2018-2027F (USD Million)

12.2.4.1.4. Architecture, 2018-2027F (USD Million)

12.2.4.1.5. Telecommunication, 2018-2027F (USD Million)

12.2.4.1.6. Solar Devices, 2018-2027F (USD Million)

12.2.4.1.7. Medical Equipment, 2018-2027F (USD Million)

12.2.4.1.8. Others, 2018-2027F (USD Million)

12.2.5. By Country

12.2.5.1. Optical Coatings Market Size, By Country (2018,2027F)

12.2.5.1.1. UK, 2018-2027F (USD Million)

12.2.5.1.2. Germany, 2018-2027F (USD Million)

12.2.5.1.3. Italy, 2018-2027F (USD Million)

12.2.5.1.4. Spain, 2018-2027F (USD Million)

12.2.5.1.5. Turkey, 2018-2027F (USD Million)

12.2.5.1.6. Russia, 2018-2027F (USD Million)

12.2.5.1.7. Rest of Europe, 2018-2027F (USD Million)

13. Asia Pacific Optical Coatings Market Outlook

13.1. Macro-Economic Indicators impacting the Asia Pacific Optical Coatings Market

13.2. Market Size and Forecast, 2018-2027F

13.2.1. By Value (USD Million)

13.2.2. By Product-type

13.2.2.1. Optical Coatings Market Size, By Product-type (2018-2027F)

13.2.2.1.1. Filter Coatings, 2018-2027F (USD Million)

13.2.2.1.1.1. Soft Filter Coatings, 2018-2027F (USD Million)

13.2.2.1.1.2. Hard Filter Coatings, 2018-2027F (USD Million)

13.2.2.1.2. Reflective Coatings, 2018-2027F (USD Million)

13.2.2.1.3. Anti-reflective Coatings, 2018-2027F (USD Million)

13.2.2.1.4. Conductive Coatings, 2018-2027F (USD Million)

13.2.2.1.5. Electrochromic Coatings, 2018-2027F (USD Million)

13.2.2.1.6. Others, 2018-2027F (USD Million)

13.2.3. By Technology

13.2.3.1. Optical Coatings Market Size, By Technology (2018-2027F)

13.2.3.1.1. Vacuum Deposition Technology, 2018-2027F (USD Million)

13.2.3.1.2. E-beam Evaporation Technology, 2018-2027F (USD Million)

13.2.3.1.3. Atomic Layer Deposition, 2018-2027F (USD Million)

13.2.3.1.4. Plasma Sputtering, 2018-2027F (USD Million)

13.2.3.1.5. Ion Beam Sputtering, 2018-2027F (USD Million)

13.2.3.1.6. Others, 2018-2027F (USD Million)

13.2.4. By End-use

13.2.4.1. Optical Coatings Market Size, By End-use (2018-2027F)

13.2.4.1.1. Aerospace & Defense, 2018-2027F (USD Million)

13.2.4.1.2. Consumer Electronics & Semiconductors, 2018-2027F (USD Million)

13.2.4.1.3. Automotive, 2018-2027F (USD Million)

13.2.4.1.4. Architecture, 2018-2027F (USD Million)

13.2.4.1.5. Telecommunication, 2018-2027F (USD Million)

13.2.4.1.6. Solar Devices, 2018-2027F (USD Million)

13.2.4.1.7. Medical Equipment, 2018-2027F (USD Million)

13.2.4.1.8. Others, 2018-2027F (USD Million)

13.2.5. By Country

13.2.5.1. Optical Coatings Market Size, By Country (2018,2027F)

13.2.5.1.1. China, 2018-2027F (USD Million)

13.2.5.1.2. India, 2018-2027F (USD Million)

13.2.5.1.3. Japan, 2018-2027F (USD Million)

13.2.5.1.4. South Korea, 2018-2027F (USD Million)

13.2.5.1.5. Malaysia, 2018-2027F (USD Million)

13.2.5.1.6. Australia, 2018-2027F (USD Million)

13.2.5.1.7. Rest of Asia Pacific, 2018-2027F (USD Million)

14. Latin America Optical Coatings Market Outlook

14.1. Macro-Economic Indicators impacting the Latin America Optical Coatings Market

14.2. Market Size and Forecast, 2018-2027F

14.2.1. By Value (USD Million)

14.2.2. By Product-type

14.2.2.1. Optical Coatings Market Size, By Product-type (2018-2027F)

14.2.2.1.1. Filter Coatings, 2018-2027F (USD Million)

14.2.2.1.1.1. Soft Filter Coatings, 2018-2027F (USD Million)

14.2.2.1.1.2. Hard Filter Coatings, 2018-2027F (USD Million)

14.2.2.1.2. Reflective Coatings, 2018-2027F (USD Million)

14.2.2.1.3. Anti-reflective Coatings, 2018-2027F (USD Million)

14.2.2.1.4. Conductive Coatings, 2018-2027F (USD Million)

14.2.2.1.5. Electrochromic Coatings, 2018-2027F (USD Million)

14.2.2.1.6. Others, 2018-2027F (USD Million)

14.2.3. By Technology

14.2.3.1. Optical Coatings Market Size, By Technology (2018-2027F)

14.2.3.1.1. Vacuum Deposition Technology, 2018-2027F (USD Million)

14.2.3.1.2. E-beam Evaporation Technology, 2018-2027F (USD Million)

14.2.3.1.3. Atomic Layer Deposition, 2018-2027F (USD Million)

14.2.3.1.4. Plasma Sputtering, 2018-2027F (USD Million)

14.2.3.1.5. Ion Beam Sputtering, 2018-2027F (USD Million)

14.2.3.1.6. Others, 2018-2027F (USD Million)

14.2.4. By End-use

14.2.4.1. Optical Coatings Market Size, By End-use (2018-2027F)

14.2.4.1.1. Aerospace & Defense, 2018-2027F (USD Million)

14.2.4.1.2. Consumer Electronics & Semiconductors, 2018-2027F (USD Million)

14.2.4.1.3. Automotive, 2018-2027F (USD Million)

14.2.4.1.4. Architecture, 2018-2027F (USD Million)

14.2.4.1.5. Telecommunication, 2018-2027F (USD Million)

14.2.4.1.6. Solar Devices, 2018-2027F (USD Million)

14.2.4.1.7. Medical Equipment, 2018-2027F (USD Million)

14.2.4.1.8. Others, 2018-2027F (USD Million)

14.2.5. By Country

14.2.5.1. Optical Coatings Market Size, By Country (2018,2027F)

14.2.5.1.1. Brazil, 2018-2027F (USD Million)

14.2.5.1.2. Mexico, 2018-2027F (USD Million)

14.2.5.1.3. Rest of Latin America, 2018-2027F (USD Million)

15. Middle East and Africa Optical Coatings Market Outlook

15.1. Macro-Economic Indicators impacting the Middle East and Africa Optical Coatings Market

15.2. Market Size and Forecast, 2018-2027F

15.2.1. By Value (USD Million)

15.2.2. By Product-type


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