The Global Optical Coating Market Size attained a value of USD 12.8 billion in 2017, and is expected to grow at a healthy CAGR of 9.3% to reach USD 25 billion by 2025.
Developments in production processes have expanded array of coatings for particular industries, the ballooning of the consumer electronics sector and increased demand for protective coatings is anticipated to garner the demand of the market. Dependency on renewable energy is also soaring, due to subsidies and supportive policies launched by the government. Optical coatings have capability to enhance the solar plants ability to store higher amount of energy. Anti-reflective has wide spectrum of application, especially in telecommunication sector and holds the largest share of the optical coatings market. While being in higher demand in ophthalmic, high power lasers, microscopy, and optical communications is also anticipated to aid the continuous expansion market.
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North America is projected to own highestglobal optical coatings market sharein terms of revenue generation. Owing to higher demand of improved technologies and increasing investment by the defense industries for advanced technologies and innovative equipment, the market is boosting.
Significant growth in increasing foreign investments coupled with industrial developments in Asia-Pacific region denote global optical coatings market share. Exponential growth in the population and increased spending capability of consumers in developing economies like China, Taiwan and India will certainly propel the market growth.
Germany has the largest automotive industry. Europe’s leading sales and production market is Germany. Since past three years, there has been continuous surge in the sales and production of new motor vehicles in Germany. Along with that, higher spending on innovative technologies and R&D activities in the automotive, aerospace and defense sectors has positive impact on global opticalcoatings industry. Manufacturers such as Airbus and Boeing are emphasizing on expanding their manufacturing bases in Germany and export the components to other European parts.
Higher number of migrants in North America and Western Europe has soared need for residential infrastructure, thus leading to higher demand for optical coatings. Imposition of stringent regulations by the governments to construct energy efficient buildings in the Middle East and Africa which is expected to rise the market growth over the next few years.
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On the basis of end-use industry, the classification of global optical coating market includes transportation, solar, electronics & semiconductor, infrastructure, telecommunication/optical communication, medical, military & defense and others. In terms of types of optical coatings, the division includes transparent conductive coatings, electrochromic coatings, anti-reflective coatings, high reflective coatings, beamsplitter coatings, filter coatings, and others. Based on the technology, the global optical coating marketcategories include vacuum deposition, e-beam evaporation and on-assist deposition sputtering process.
Prominent players of global optical coatings industryincludes Thorlabs inc, Optiforms Inc, Carl Zeiss Jena GmbH, Reynard Corporation, AMETEK, II-VI Incorporation, Berliner Glas, Edmund Optics Inc, Angstrom Engineering Inc, Abrisa Technologies, Inrad Optics, MKS Instruments, PPG industries, Optics Balzers AG, DowDuPont Inc, Optical Coatings Japan.
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