An optical coating is a thin layer of material placed on an optical component for enhancing its reflection and transmission properties. Optical coating is usually used on photographic lenses and spectacles in order to reduce unwanted reflections from the surface. The optical coating process is performed by an optical coating equipment. Depending on the surface where coating is to be applied, different technologies for coating deposition by the optical coating equipment, such as ion beam sputtering, evaporation deposition, vacuum deposition and advanced plasma reactive sputtering methods are used.
The global optical coating equipment market is anticipated to record a significant CAGR during the forecast period, i.e., 2021-2029. The major factors driving the growth of the market are the advancements in optical fabrication technology, backed by the enhancements in optical coating capabilities for providing high quality coatings, along with the demand for camera lens, high-resolution displays in smart phones, corrective lenses and tablets among others.
Based on product type, the market for optical coating equipment is segmented into filter coatings, reflective coatings, anti-reflective coatings and others, out of which, the anti-reflective coatings segment is estimated to account for the major share in the market in the year 2021 owing to its rising usage in optoelectronics applications and consumer electronics. Anti-reflective coatings are efficient in eliminating reflection and glare from lenses. Application of anti-reflective coating in lenses also allows more amount of light to pass through the lens. Anti-reflective coatings are widely used in corrective lenses, camera lens and others. Anti-reflective coatings are also used widely in solar cells, a thin layer of dielectric coating material with a specially chosen thickness is applied to reduce the reflection of the light on the solar cell.
The global optical coating equipment market is also segmented by technology type into ion beam sputtering, evaporation deposition, vacuum deposition and advanced plasma reactive sputtering. Among these segments, the vacuum deposition thin film coating process technology segment held the largest share of the market in the year 2019. Vacuum coating is performed usually in two methods, namely, physical vapor deposition (PVD) or chemical vapor deposition (CVD). Vacuum deposition technology is used widely in ophthalmic optics applications, architectural glass, metallization of headlights in the automotive industry and others. CLICK TO DOWNLOAD SAMPLE REPORT
The wide scope of applications of optical coating equipment in fiber optics, aerospace, semiconductors and other end-user industry verticals is anticipated to accelerate the market growth. For instance, application of optical coatings in architectural glass enhances the dichroic properties which helps to improve the visual appeal of the glass when applied in buildings. On the other hand, the increasing research & development to offer better coating solutions with focus on cost efficiency is also anticipated to boost the market growth. Moreover, technological advancement in fabrication techniques, along with the rise in the adoption of optically coated materials across various end-user industry verticals are some of the additional factors anticipated to drive the market growth during the forecast period.
The cost of optical coating equipment is usually very high and hence it is not possible for many small and medium size enterprises to purchase such costlier equipment. Such a factor is anticipated to hamper the market growth during the forecast period.
Our in-depth analysis of the global optical coating equipment market includes the following segments:
On the basis of regional analysis, the optical coating equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa regions.
Among these segments, the market in Asia Pacific for optical coating equipment is estimated to hold the highest share by the end of 2029 on the back of rising demand for advanced electronic devices, along with the growth in the automotive industry. On the other hand, the market in North America is anticipated to account for a significant share of the market in the year 2021 owing to the surge in demand for optical coating applications in the aerospace and military industries. Additionally, the rising demand for eco-friendly coating applications for sensing applications and laser systems in the region is also anticipated to drive the market growth over the forecast period.
The global optical coating equipment market is further classified on the basis of region as follows:
FREQUENTLY ASKED QUESTIONS
Rising demand for optically coated goods from end-user industries is one of the major factors driving the market growth.
The market is anticipated to grow with a significant CAGR over the forecast period, i.e., 2021-2029.
Some of the major players in the market are Coburn Technologies, Inc., ZEISS International, Mustang Vacuum Systems, Buhler Holding AG, Satisloh AG, SHINCRON CO., Ltd., Optorun Co., Ltd., and others.
The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The optical coating equipment market is segmented by product type, technology type, substrate type, end user industries, and by region.
The anti-reflective coatings segment, which is a sub-segment of the product type segment is anticipated to hold the largest market share on account of the growing utilization of anti-reflective coatings in optoelectronic applications.
Concerns for the high cost of optical coating equipment is one of the major factors estimated to act as barriers to the growth of the market.
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