Amid the COVID-19 crisis, the global market for Optical Coatings estimated at US$14.8 Billion in the year 2020, is projected to reach a revised size of US$25.1 Billion by 2027, growing at a CAGR of 7.8% over the analysis period 2020-2027. Anti-Reflective Coatings, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$7.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Filter Coatings segment is readjusted to a revised 7.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 11.9% CAGR
The Optical Coatings market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Electrochromic Coatings Segment to Record 8.2% CAGR
In the global Electrochromic Coatings segment, USA, Canada, Japan, China and Europe will drive the 7.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2 Billion in the year 2020 will reach a projected size of US$3.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.5 Billion by the year 2027, while Latin America will expand at a 9.7% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 474-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Abrisa Technologies
- AccuCoat Inc.
- Acton Optics & Coatings
- Brewer Science Inc.
- DELTA Light & Optics
- Edmund Optics
- Hoya Corp. USA
- Inrad Optics Inc.
- Optical Coatings Japan
- Optics Balzers AG
- OptoSigma Corp.
- Quantum Coating Inc.
- Research Electro-Optics Inc.
- Zygo Corp.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Optical Coatings: Market Overview
Recent Market Activity
Current & Future Analysis
Optical Coatings Across Application Markets
Semiconductors and Electronics - The Leading Application Market
Consolidation Still a Prevalent Factor
Demand on Rise for High Performance Optical Coatings
Global Competitor Market Shares
Optical Coatings Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Abrisa Technologies (USA)
AccuCoat, Inc. (USA)
Acton Optics & Coatings (USA)
Andover Corp. (USA)
Artemis Optical Ltd. (UK)
Brewer Science, Inc. (USA)
DELTA Light & Optics (Denmark)
DiCon Fiberoptics, Inc. (USA)
Edmund Optics, Inc. (USA)
Evaporated Coatings Inc. (USA)
Helia Photonics Ltd. (UK)
Hoya Corp. USA (USA)
ISP Optics Corp. (USA)
Viavi Solutions Inc. (USA)
Newport Thin Film Laboratory, Inc. (USA)
Optical Coatings Japan (Japan)
Optics Balzers AG (Germany)
OptoSigma Corp. (USA)
Inrad Optics, Inc. (USA)
Quantum Coating, Inc. (USA)
Research Electro-Optics, Inc. (USA)
Rocky Mountain Instrument Co. (USA)
VLOC Inc. (USA)
Zygo Corp. (USA)
3. MARKET TRENDS & DRIVERS
Technological Innovations Drive New Markets and Business Opportunities
Rising Interest in Solar Power Drives Market Gains
Anti-Reflection Coatings Gain Strong Adoption among PV Module Makers
BIPV: A Challenging Application Market
New AR Coatings to Drive Growth
Demand for High Performance Optical Coatings on Rise in Automotive Industry
Optical Coatings Gain Demand in Ophthalmology
Optical Coatings Meet Demanding Applications in Defense and Aerospace Markets
Energy Efficiency Regulations and Revival in Construction Sector Bode Well for Optical Coatings
Telecommunications - Spurring Growth Opportunities
Growing Proliferation of Consumer Electronic Devices to Drive Demand
Increasing Smartphone Penetration: A Key Growth Driver
Computing Devices - A Key Growth Driver over the Years
Advanced Optical Coatings Improve Lightning Efficiency
Surging Adoption of Medical Devices and Products Augurs Well for the Market
Newer Coating Techniques in Demand
Ion Beam Sputtering: Prominent Optical Coating Deposition Method
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Optical Coatings Market Share (in %) by Company: 2018 & 2025
Market Facts & Figures
European Optical Coatings Market: Competitor Market Share Scenario (in %) for 2018 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 111