Sep 21, 2023   SOURCE: BusinessWire

Global Optical Coatings Market Size & Share Analysis Report 2023-2028: Upcoming Demand from Electric Vehicles and Solar Industry Provide Bright Future Prospects - ResearchAndMarkets.com

The "Optical Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

The optical coatings market is experiencing significant growth, with a projected value of USD 11.23 billion by 2028, marking a robust CAGR of 6.17% during the forecast period from 2023 to 2028. This burgeoning market is characterized by its fragmented nature, featuring key players like DuPont, ZEISS International, Newport Corporation, PPG Industries Inc., and Nippon Sheet Glass Co. Ltd, among others.

Optical coatings serve a crucial role in various electronic applications where the transmission of light through optical surfaces is essential. These coatings find application in cell phones and tablet screens, where optical anti-reflective coatings are employed to enhance readability under direct sunlight. Additionally, they are utilized for anti-glare purposes in consumer screens, ensuring optimal viewing experiences.

The electronic display sector benefits from transparent conductive coatings, further fueling the demand for optical coatings. With the continuous proliferation of consumer electronics such as cellular phones, portable computing devices, and gaming systems, the market is poised to experience sustained growth. The production of these personal electronic devices continues to drive the demand for semiconductors, displays, and other electronic components, underscoring the pivotal role of optical coatings in these applications.

Furthermore, optical coatings play a crucial role in semiconductor applications, particularly in semiconductor diode lasers. The surging demand for semiconductors is primarily attributed to the widespread adoption of the Internet of Things (IoT) across various industries. This phenomenon further amplifies the demand for optical coatings, as these coatings are integral to semiconductor manufacturing processes.

The global semiconductor market exhibited remarkable growth, with a 13.9% increase in sales reaching USD 633 billion in 2022. Projections for 2023 indicate a continued upward trajectory, with the global semiconductor market expected to expand by 4.6%, reaching USD 662 billion. This robust growth reflects the semiconductor industry's reliance on optical coatings for its essential processes.

In terms of geographical dominance, the Asia-Pacific region stands at the forefront of the optical coatings market. Countries like China, India, Japan, and South Korea are witnessing a surge in demand for optical coatings across various sectors, including electronics, semiconductors, aerospace, defense, and more.

This region's economic vitality, coupled with its expanding technological landscape, is expected to be a driving force behind the market's growth in the foreseeable future.

Key Highlights

  • Over the short term, increasing demand for optical coatings from the solar industry is expected to drive the market.
  • High costs and some limiting properties of optical coatings are expected to hinder the market's growth.
  • The upcoming demand for electric vehicles is likely to create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and is likely to witness the highest CAGR during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand from the Solar Industry

4.1.2 Technological Advancements in the Optical Coatings Process

4.2 Restraints

4.2.1 High Costs and Some Limiting Properties of Optical Coatings

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION (Market Size in Value)

5.1 Product Type

5.1.1 Optical Filter Coatings

5.1.2 Anti-reflective Coatings

5.1.3 Transparent Conductive Coatings

5.1.4 Mirror Coatings (High Reflective)

5.1.5 Beam Splitter Coatings

5.1.6 Other Product Types

5.2 Technology

5.2.1 Chemical Vapor Deposition

5.2.2 Ion-beam Sputtering

5.2.3 Plasma Sputtering

5.2.4 Atomic Layer Deposition

5.2.5 Sub-wavelength Structured Surfaces

5.3 End-user Industry

5.3.1 Aerospace and Defense

5.3.2 Electronics and Semiconductors

5.3.3 Telecommunications

5.3.4 Healthcare

5.3.5 Solar

5.3.6 Automotive

5.3.7 Other End-user Industries

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 3M

6.4.2 Abrisa Technologies

6.4.3 Accucoat Inc.

6.4.4 Artemis Optical Ltd

6.4.5 Edmund Optics Inc.

6.4.6 DuPont

6.4.7 Inrad Optics

6.4.8 Materion Corporation

6.4.9 Newport Corporation

6.4.10 Nippon Sheet Glass Co. Ltd

6.4.11 Optical Coatings Technologies

6.4.12 PPG Industries Inc.

6.4.13 Quantum Coating

6.4.14 Reynard Corporation

6.4.15 Sigmakoki Co. Ltd

6.4.16 Schott AG

6.4.17 Zeiss International

6.4.18 Zygo Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Upcoming Demand from Electric Vehicles

For more information about this report visit https://www.researchandmarkets.com/r/p8a2hz

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.