Optical Coatings Market, by Product Type (Anti-Reflective Coatings, Filter Coatings, Transparent Electrodes, Reflective Coatings, and Others), by Application (Electronics, Defense/Security, Infrastructure, Solar, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Optical coating is a deposition of thin layers of films that create interference effects in order to enhance reflection and transmission properties of an optical system. Optical coatings enhance optical functions and provide protection to optic from harsh environmental conditions. These coatings are produced by using rare earth materials, oxides, and metals
Market Dynamics
Growing demand for reflective coatings in green buildings for heat retention and reducing consumption of energy is expected to bolster the market growth of optical coatings. Rising demand for consumer electronic goods, coupled with handheld consoles such as camera and tablets are also expected to fuel the market growth of optical coatings. Moreover, increasing use of display windows, heaters, LED displays and instrument displays are again contributing to the market growth of optical coatings.
Technological advancement in the field of optical deposition techniques and fabrications is expected to offer potential opportunities to the market of optical coating. For instance, in March 2019, Precision Glass & Optics announced the installation of a new optical the monitoring system, the SL-2012A SpectraLock from Eddy Company. The advanced system provides in-situ optical monitoring and rate control to produce single and multi-layered thin films with ultra-precision and accuracy.
The fluctuating price of raw materials used in the optical coatings is expected to hinder the market growth of optical coatings. Moreover, the high cost of R&D involved in the field of optical coatings is also expected to hamper the market growth.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook