Optical Coating Market Driven By Increasing Demand From Consumer Electronics Industries Till 2022: Grand View Research, Inc.

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The global optical coating market is expected to reach USD 19.70 billion by 2022, according to report by Grand View Research, Inc. Growing demand for smartphones, tablets and high resolution displays is expected to drive growth over the forecast period.

According to a report published by Grand View Research, Inc.; the global optical coating market is anticipated to accomplish a valuation around USD 19.70 billion by 2022.

Technological advancements, increasing demand from consumer electronics and other industries can drive the market during the forecast period (2012 to 2022). The optical coatings are extensively used in high resolution displays and, devices such as tablets and smartphones. These coatings are used in the making of automobile displays and infotainment system.

Utilization in infrastructure development is expected to boost the market growth during the forecast period.  Increasing demand for green energy-based power generation is projected to boost the market growth. According to the Leadership in Energy and Environmental Design (LEED) standards for green buildings, optical coatings can reduce the utilization of energy through thermal insulation and also provides cooling effect. Presence of supportive regulatory framework across the world is anticipated to increase the product demand in architectural glass application during the forecast period.

Though, volatile raw material price may affect the market growth in the coming years.

Worldwide optical coating market can be segmented on the basis of product, application, and region.

Full Research Report On Optical Coating Market Analysis: www.grandviewresearch.com/industry-analysis/optical-coatings-industry

U.S. Optical Coating Market volume, by application, 2015-2022 (Kilo Tons)

U.S. Optical Coating Market volume, by application, 2015-2022 (Kilo Tons)

Based on product, the market can be split into anti-reflective coating, reflective coating, filter coating, conductive coating, electrochromatic coating, and others.

In terms of volume, the anti-reflective segment is anticipated to expand at a CAGR of over 10.0% during 2015 to 2022. Decreasing prices of tablets and smartphones along with development of innovative technologies for improving user interface is anticipated to boost demand during the forecast period. Acceptance of anti-reflective coatings in optics and laser industry is also anticipated to drive the growth in the coming years.

The reflective coatings segment accounted for over 13.0% in 2014. Demand for these coatings in construction, telecommunication, and defense industry is projected to support the market growth. Implementation of these coatings in laser system in medical apparatus is anticipated to propel the market growth in the years to come.

On the basis of application, the market can be categorized into consumer electronics, architecture, solar, medical, aerospace and defense, telecommunication, automotive, and others.

The solar segment is poised to show remarkable growth due to rise investment to set up power plants across the world, especially in developing countries. Additionally, supportive government policies in the form of subsidies and incentives to support the development of alternate energy is anticipated to increase product demand during the forecast period.

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Growth in defense industry worldwide is expected to boost the demand for optical coatings. This can be attributed to growing expenditure for on security and surveillance by Europe and North America and equipment manufacturing in Asia Pacific. Anti- reflective coatings and IR coatings are implemented in military applications such as thermal imaging, head missile seeker, and night vision cameras.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

In 2014, North America was the leading market and accounted for over 35.0% of global revenue. Factors such as high budget for defense and high consumer demand for novel technologies are driving the growth in this region. Various defense applications include beam attenuators and range finding and night vision cameras.

Asia Pacific is projected to show substantial growth due to industrial development and overseas investment. Improving spending capacity of consumers in this region is expected to bode well for the market. Additionally, increasing demand for greater technology in countries such as Japan, India, China are likely to supplement the market growth in this region.

Europe is anticipated to develop at a substantial rate. Increasing R&D efforts for new innovative technology in various industries including automotive, defense, and aerospace. Growth in middle class population along with need for reasonably priced cars is anticipated to drive the market during the forecast period. In addition, strict regulations for the development of energy efficient buildings are anticipated to boost the product demand in the coming years.

Key companies operating in the optical coatings market include Janos Technology Inc.; Alluxa, Inc.; Abrisa Technologies; Chroma Technology Corp.; and Alluxa, Inc.

Grand View Research has segmented the global Optical Coating Market on the basis of product, application and region:

Global Optical Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • Anti-reflective Coating

  • Reflective Coating

  • Filter Coating

  • Conductive Coating

  • Electrochromatic Coating

  • Others

Global Optical Coating Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • Consumer Electronics

  • Solar

  • Medical

  • Architecture

  • Aerospace & Defense

  • Automotive

  • Telecommunication

  • Others

Global Optical Coatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • North America

    • U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

  • Latin America

    • Brazil

  • Middle East & Africa

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

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