Optical Coating Market Size, Share, Opportunities, And Trends By Type (Anti-Reflective Coatings, Reflective Coatings, Filter Coatings, Conductive Coatings, Electrochromic Coatings, Others), By Technology (Vaccum, Deposition, E Beam Evaporation, Sputtering Technology, Ion Assit Deposition, Others) By End-Use (Consumer Electronics, Energy And Power, Medical, Architecture, Aerospace & Defense, Automotive, Telecommunication, Others), And By Geography - Forecasts From 2023 To 2028

The global optical coating market is expected to grow at a CAGR of 5.90% during the forecast period.

An optical coating is a technique for adding a thin layer of films to optical components like lenses and mirrors to improve the optical system's transmission and reflection properties. Depending on the intended use, optical coatings are typically built with various layers and dielectric substances like titanium dioxide, silica, aluminum, and the like. It can be applied to support concepts for transparent conductive coating, high-reflection coating, and anti-reflective coating. Home appliances, the auto industry, solar panels, and certain other industries can all benefit from optical coatings.

Market Drivers:

• Rising use of optical coating  in the automotive industry

The value and adaptability of the vehicle have long been increased by the application of optical coating in automotive glazing. Veiling glare, which impairs a driver's vision, is the result of the interior of the windscreen reflecting to the observer. Furthermore, the issue of glare veiling is made worse by the recent rise in favor of high-installation-angle windscreen structures. The glare is removed, and reflectivity is decreased by adding optic antireflection (AR) coatings to the windscreen. Due to a ground-breaking three-layer AR structure created by this method, the inboard reflectivity of the laminated windscreen is decreased, as compared to the uncoated glass, thereby aiding in the market share increase in the automotive sector.

• Increased demand for anti-reflective coating for different end uses.

The optical coating market size is anticipated to develop because of the rising demand for anti-reflective coatings used in the manufacture of photovoltaic solar panels, vehicle displays, doors, and GPS navigation systems. Due to the widespread use of solar panels, the conductive coatings category is anticipated to increase significantly over the course of the projection period. A rise in usage is also predicted to promote market expansion throughout the forecast period in screen windows, solar panels, heaters, LCD manufacturing, heads-up displays, protection for radio frequency interference, LED screens, and instrument display windows.

• High growth to be expected in the telecommunication industry

The exchange of voice and data is the foundation for the interconnectedness of the global economy. The expansion of optical fiber networks has increased the activity of connections across continents which increases the optical coating market size. The exponential rise of the optical business is also being fueled using the internet. These coatings can be employed as an optical feature on a variety of devices or as a value-added component on lenses. The mass production and coating of numerous optical components could reduce costs and boost revenue for the coating industry. Utilizing sophisticated filters, optical fiber network signal transmission is tracked. Multi-layer thin film stacks expand the bandwidth of optical fiber distribution in the telecommunications industry.

• Rising use in the electronics and semiconductor sector to propel the market growth

In many gadgets where light must travel through optical surfaces, optical coatings are used. Optical anti-reflective coatings are used in tablet and cell phone screens for a variety of reasons, including making it simpler to read outside. On consumer screens, they are also used in anti-glare applications. An electronic display may also use transparent conductive coatings. The market under investigation is being propelled by the steadily rising demand for consumer electronics. Demand for semiconductors, screens, and other electronic components is expected to continue to be driven by the manufacturing of mobile phones, portable computers, video games, and other gadgets for personal use which is increasing the optical coating market share.

• Market Restraints: Evaporation Deposition Process Errors that Prevent Market Growth

A low-cost method that can be used on a variety of materials, including metals and dielectrics, is evaporation deposition. A significant distance between the substrate source and the optical bits is also provided by the chamber's architecture. As a result, even for intricately formed and steeply bent optical components, high coating uniformity is attained. Nevertheless, it is frequently a labour-intensive production technique that is more prone to random and planned failures than other systems and depends significantly on operator feedback. The main cause changes in process factors include deposition rate, vapour distribution, temperature, pressure under vacuum, and others.

Asia Pacific is projected to  be one of the significant optical coating marketplaces

During the projected period, the Asia-Pacific region is anticipated to lead the optical coatings market. The market is anticipated to increase because of the rising demand for optical coatings from the electronics and semiconductors industry, aerospace and defense industry, and other industries in nations like China, India, Japan, and South Korea. According to estimates from China's Civil Aviation Administration (CAAC), domestic air travel will eventually reach 85% of pre-pandemic levels. In addition, over the course of the next 20 years, Chinese airline businesses aim to spend around USD 1.2 trillion on 7,690 brand-new aircraft. It is also anticipated that this will increase demand for optical coatings.

Market Key Developments:

• In May 2023, a Taiwanese manufacturer of vacuum coating equipment, Lung Pien Vacuum Industry Co., Ltd., partnered with Finnish company Beneq, which makes ALD technology. The intention was to actively promote atomic layer deposition (ALD) technologies through business interactions to address challenging issues for mass production. By creating self-limited interactions between precursor gases and the substrate surface, atomic thin films can be deposited in single or multiple layers through the process of ALD.
• In June 2022, Imatest and Edmund Optics Inc. announced a new agreement to allow users to easily purchase Imatest software and charts via Edmund Optics' website. Additionally, this collaboration will make it simple for Edmund Optics' imaging clients to get the equipment they need to assess their imaging performance.
• In February 2020, Edmund Optics India Private Limited, a leading supplier of optical and imaging components, announced the launch of a new reflective Ultrafast Enhanced Silver Coating which is ideal for ultrafast laser applications. The product launched is highly customizable and can be also used for build-to-print ultrafast components.

Optical Coating Market Scope:

 

Report Metric	Details
Growth Rate	CAGR of 5.90% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Technology, End-User, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Alluxa, Inc., Cascade Optical Corporation, Inrad Optics, Schott AG, PPG Industries Inc., Chroma Technology Corp, Optical Coatings Japan, Viavi Solutions, Abrisa Technologies
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Type
  • Anti-Reflective Coatings
  • Reflective Coatings
  • Filter Coatings
  • Conductive Coatings
  • Electrochromic Coatings
  • Others
• By Technology
  • Vaccum Deposition
  • E Beam Evaporation
  • Sputtering Technology
  • Ion Assit Deposition
  • Others
• By End-User
  • Consumer Electronics
  • Energy and Power
  • Medical
  • Architecture
  • Aerospace & Defense
  • Automotive
  • Telecommunication
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. OPTICAL COATING MARKET BY TYPE

5.1. Introduction

5.2. Anti-Reflective Coatings

5.3. Reflective Coatings

5.4. Filter Coatings

5.5. Conductive Coatings

5.6. Electrochromic Coatings

5.7. Others

6. OPTICAL COATING MARKET BY TECHNOLOGY

6.1. Introduction

6.2. Vaccum Deposition

6.3. E Beam Evaporation

6.4. Sputtering Technology

6.5. Ion Assit Deposition

6.6. Others

7. OPTICAL COATING MARKET BY END-USER

7.1. Introduction

7.2. Consumer Electronics

7.3. Energy and Power

7.4. Medical

7.5. Architecture

7.6. Aerospace & Defense

7.7. Automotive

7.8. Telecommunication

7.9. Others

8. OPTICAL COATING MARKET BY GEOGRAPHY

8.1. Introduction 

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Others

8.5. Middle East And Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Taiwan

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Alluxa, Inc.

10.2. Cascade Optical Corporation

10.3. Inrad Optics

10.4. Schott AG

10.5. PPG Industries Inc.

10.6. Chroma Technology Corp

10.7. Optical Coatings Japan

10.8. Viavi Solutions

10.9. Abrisa Technologies

Alluxa, Inc.

Cascade Optical Corporation

Inrad Optics

Schott AG

PPG Industries Inc.

Chroma Technology Corp

Optical Coatings Japan

Viavi Solutions

Abrisa Technologies