The global optical coatings market is expected to reach $12,351 million by 2022 from $7,794 million in 2015, growing at a CAGR of 6.6% from 2016 to 2022. Various thin film layers are amalgamated to form an optical coating that produces interference effects to strengthen transmission or reflection properties within an optical system. They are produced with a variety of materials such as metals, oxides, and rare earth materials, and are deposited on the optical surface. Coatings enhance the optical function and prevent the optic from extreme environmental conditions. The number of coating layers, the thickness of the individual layers, and the refractive index difference at the layer interface depict the performance of an optical coating. Besides reflective property, an optical coating provides optically transparent chemical resistance, abrasion resistance, UV resistance, anti-static, anti-glare, and anti-fog properties onto glasses, lenses, solar panels, digital signage, TFT & LED screens, and other engineering components.
Consumer electronics is the largest revenue generator for optical coatings market. Rapid economic growth and increase in disposable income result in rise in demand for consumer electronics, such as TFT & LED screens, in emerging economies such as India, China, and Brazil. Increase in construction activities, infrastructural development, and automobile production is expected to drive the optical coating market during the forecast period. Moreover, use of infrared and antireflective coatings in military applications for target setting, night vision cameras, thermal imaging, and head missile seekers supplements the market growth. However, the time-consuming as well as labor- and capital-intensive manufacturing process for optical coatings and the fluctuating prices of raw materials may hamper this growth. Government policies, including incentives and subsidies to promote development of alternate energy sources, are anticipated to increase consumption of optical coatings in solar applications. As per the Leadership in Energy and Environmental Design (LEED) standards by U.S. Green Building Council (USGBC), optical coatings play an important role in reducing energy consumption through thermal insulation. This is expected to create new opportunities for the market.
The global optical coating market is segmented based on type, technology, end-use industry, and geography. Based on type, the market is divided into antireflection, high reflection, beam-splitter, transparent conductive, filter, electrochromic, partial reflection coatings. By technology, it is categorized into e-beam evaporation, ion-assisted deposition (IAD), sputtering processes, vacuum deposition, and other technologies. Based on end-use industry, it is classified into electronics & semiconductor, construction, medical, military & defense, automotive, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players profiled in this study are
- PPG Industries
- Zeiss Group
- Nippon Sheet Glass Co., Ltd.
- Abrisa Technologies
- Newport Corporation
- Inrad Optical, Inc.
- Reynad Corporation
- Artemis Optical Ltd.
- II-VI Optical Systems
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global optical coating market to elucidate the growth opportunities and the probable investment pockets.
- It offers qualitative trends as well as quantitative analysis from 2014 to 2022 to assist the stakeholders to understand the market scenario.
- In-depth analysis of the key segments demonstrates the consumption of optical coating across various end-use industries.
- Competitive intelligence highlights the business practices followed by key business players across the geographies as well as the prevailing market opportunities.
Key players are profiled along with the strategies and developments, which portrays the competitive market outlook.
OPTICAL COATING MARKET KEY SEGMENTS:
High Reflection Coatings
Transparent Conductive Coatings
Partial Reflection Coatings
E-Beam Evaporation Technology
Ion-Assisted Deposition (IAD) Technology
Vacuum Deposition Technology
By End-Use Industry
Electronics & Semiconductor
Military & Defense
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of LAMEA
Optical Coating Technologies
(Companies mentioned above are not profiled in the report and can be profiled upon client request)
1.1. REPORT DESCRIPTION
1.1.1. Key benefits for stakeholders
1.1.2. Key market segments
1.2. RESEARCH METHODOLOGY
1.2.1. Secondary research
1.2.2. Primary research
1.2.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry
3.4. PATENT ANALYSIS
3.4.1. Patent analysis by year
3.4.2. Patent analysis by region
3.4.3. Patent analysis by company
3.4.4. Regulatory scenario
3.5. MARKET DYNAMICS
18.104.22.168. Increase in awareness regarding energy efficient buildings.
22.214.171.124. Anti-reflection coating improves visual acuity.
126.96.36.199. Rise in demand for electronics & semiconductors in emerging economies.
188.8.131.52. Increase in the cost of production due to expensive application techniques.
184.108.40.206. Fluctuations in the prices of raw materials.
220.127.116.11. Increase in application of optical coating in solar cells.
18.104.22.168. Growing laser technologies in medical and military & defense.
CHAPTER 4 OPTICAL COATING MARKET, BY TYPE
4.1.1. Market size and forecast
4.2. ANTIREFLECTION COATING
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast
4.3. HIGH REFLECTION COATING
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast
4.4. BEAM SPLITTER COATING
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast
4.5. TRANSPARENT CONDUCTIVE COATING
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast
4.6. FILTER COATING
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast
4.7. ELECTROCHROMIC (EC) COATING
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast
4.8. PARTIAL REFLECTION COATING
4.8.1. Key market trends, growth factors and opportunities
4.8.2. Market size and forecast
CHAPTER 5 OPTICAL COATING MARKET, BY TECHNOLOGY
5.1.1. Market size and forecast
5.2. VACUUM DEPOSTION TECHNOLOGY
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast
5.3. E-BEAM EVAPORATION TECHNOLOGY
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast
5.4. SPUTTERING TECHNOLOGY
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast
5.5. ION ASSISTED DEPOSITION (IAD) TECHNOLOGY
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast
CHAPTER 6 OPTICAL COATING MARKET, BY END-USER INDUSTRY
6.1.1. Market size and forecast
6.2. ELECTRONICS & SEMICONDUCTOR
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast
6.3. MILITERY & DEFENSE
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast
6.8.1. Key market trends, growth factors and opportunities
6.8.2. Market size and forecast
CHAPTER 7 OPTICAL COATING MARKET, BY GEOGRAPHY
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
22.214.171.124. Market size and forecast, by type
126.96.36.199. Market size and forecast, by type
188.8.131.52. Market size and forecast, by type
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
184.108.40.206. Market size and forecast, by type
220.127.116.11. Market size and forecast, by type
18.104.22.168. Market size and forecast, by type
22.214.171.124. Market size and forecast, by type
126.96.36.199. Market size and forecast, by type
7.3.8. REST OF EUROPE
188.8.131.52. Market size and forecast, by type
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
184.108.40.206. Market size and forecast, by type
220.127.116.11. Market size and forecast, by type
18.104.22.168. Market size and forecast, by type
22.214.171.124. Market size and forecast, by type
7.4.7. REST OF ASIA-PACIFIC
126.96.36.199. Market size and forecast, by type
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast
188.8.131.52. Market size and forecast, by type
184.108.40.206. Market size and forecast, by type
220.127.116.11. Market size and forecast
18.104.22.168. Market size and forecast, by type
7.5.7. REST OF LAMEA
22.214.171.124. Market size and forecast
CHAPTER 8 COMPANY PROFILES
8.1. II-IV OPTICAL SYSTEM
8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategies and developments
8.2. ABRISA TECHNOLOGIES
8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategies and developments
8.3. ARTEMIS OPTICAL LTD.
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategies and developments
8.4. E. I. DU PONT DE NEMOURS AND COMPANY
8.4.1. Company overview
8.4.2. Operating business segments
8.4.3. Business performance
8.4.4. Key strategies and developments
8.5. INRAD OPTICS, INC.
8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategies and developments
8.6. NEWPORT CORPORATION
8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategies and developments
8.7. NIPPON SHEET GLASS CO., LTD.
8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.7.4. Key strategies and developments
8.8. PPG INDUSTRIES, INC.
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategies and developments
8.9. REYNARD CORPORATION
8.9.1. Company overview
8.9.2. Operating business segments
8.9.3. Business performance
8.9.4. Key strategies and developments
8.10. ZEISS GROUP
8.10.1. Company overview
8.10.2. Operating business segments
8.10.3. Business performance
8.10.4. Key strategies and developments
Optical coating exhibits various characteristics such as optically transparent chemical resistance, abrasion resistance, UV resistance, anti-static, anti-glare, and anti-fog properties. These coatings are utilized in glasses, lenses, solar panels, digital sigge, TFT & LED screens, and other engineering components. The performance of an optical coating material depends on factors such as number of coating layers, thickness of individual layers, and difference in refractive index at the layer interface.
Vacuum deposition technology was the largest revenue generator in 2015, as this technology is a surface engineering treatment used to deposit layers of coating material atom by atom on the optical substrate. The technology puts coating materials into vapor state, where the process of obtaining vapors from liquid or solid source is called physical vapor deposition. On the other hand, the process wherein the vapors are obtained from the chemical reaction is called chemical vapor deposition. The process is environmentally friendly, as it is carried out under vacuum. The technique is applicable for coating magnetic films, semiconductors devices, mirrors, solar panels, and others.
Key findings of Optical Coating Market:
The electronics & semiconductor segment occupied the highest share in 2015, and is expected to grow at a CAGR of 6.6%, in terms of value, during the forecast period.
North America is the leading consumer of optical coating, accounting for approximately more than one-third share of the global market, followed by Asia-Pacific.
The filter type optical coating segment is expected to witness the highest CAGR of 8.4%.
Vacuum deposition technology segment accounted for more one-third of the global optical coating market in 2015.
U.S. is the leading market for optical coating in the North American region, growing at a CAGR 7.0%.
North America accounted for the largest market share in 2015, whereas Asia-Pacific is projected to grow at the highest CAGR. Rise in spending capability of consumers, high demand for superior technology in Chi, India, and Japan are expected to increase the demand for electronics & semiconductor market, which is expected to drive the optical coating market in Asia-Pacific.
The prominent players profiled in this report include E.I. Dupont De Nemours company, PPG Industries, Zeiss Group, Nippon Sheet Glass Co., Ltd., Abrisa Technologies, Newport Corporation, Inrad Optical, Inc., Reyd Corporation, Artemis Optical Ltd., and II-VI Optical Systems.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.