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CHEMICALS AND ADVANCED MATERIALS

Optical Coating Equipment Market Segmentation by Product Type (Filter Coatings, Reflective Coatings, Anti-Reflective Coatings, and Others); by Technology Type (Ion Beam Sputtering, Evaporation Deposition, Vacuum Deposition and Advanced Plasma Reactive Sputtering); by Substrate Type (Glass, Metals, Plastics, IR Materials and Others); and by End-User Industries (Automotive, Telecommunications, Electronics, Solar, Architecture and Others) - Global Demand Analysis & Opportunity Outlook 2029

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Coburn Technologies, Inc. announced that it has launched the spin lens coater, Velocity LTE Spin Coating System, under its portfolio of Velocity coating platforms. The semi-automated lens coater is designed specifically for use in small to mid-sized labs, and allows its user to optimize the coating process for different lens parameters.

  • December 1, 2017: Bühler AG announced that it has opened a new state-of-the-art application center in Alzenau, Germany for serving its customers in the thin-film industry with its latest thin-film solutions from Bühler Leybold Optics. The application center also includes several Bühler vacuum coating machines, Bühler Leybold sputtering systems and other coating machines to provide its customers the necessary support for their applications.

Introduction to Optical Coating Equipment

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.

Market size and Forecast

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.

Optical Coating Equipment Market

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

Growth Drivers

Wide Applications of Optical Coating Equipment to Drive the Market Growth

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.

Restraints

High Cost of Optical Coating Equipment

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.

Market Segmentation

Our in-depth analysis of the global optical coating equipment market includes the following segments:

By Product Type

  • Filter Coatings
  • Reflective Coatings
  • Anti-Reflective Coatings
  • Others

By Technology Type

  • Ion Beam Sputtering
  • Evaporation Deposition
  • Vacuum deposition
  • Advanced Plasma Reactive Sputtering

By Substrate Type

  • Glass
  • Metals
  • Plastics
  • IR Materials
  • Others

By End-User Industries

  • Automotive
  • Telecommunications
  • Electronics
  • Solar
  • Architecture
  • Others

By Region

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.

Optical Coating Equipment Market Share by Region

The global optical coating equipment market is further classified on the basis of region as follows:

  • North America (US, Canada and Mexico) Market size, Y-O-Y growth and Opportunity analysis.
  • Europe (Italy, France, Netherlands, Spain, UK, Germany, Poland and Other parts of Europe) Market size, Y-O-Y growth and Opportunity analysis.
  • Asia Pacific (India, Malaysia, China, Thailand, Singapore, Japan, South Korea, Australia and rest of Asia Pacific) Market size, Y-O-Y growth and Opportunity analysis.
  • Latin America (Argentina, Brazil, Columbia and other parts of Latin America) Market size, Y-O-Y growth and Opportunity analysis.
  • Middle East & Africa (Saudi Arabia, Egypt, Qatar, United Arab Emirates and South Africa) Market size, Y-O-Y growth and Opportunity analysis.

 Top Key Players Dominating the Market

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