The existence of large-scale customer bases for electronic devices & optical wear, the use of infrared & anti-reflection coatings in the military applications of targeting, night-vision cameras, thermal imaging cameras, and head-mounted missile seekers, and the introduction of nanotechnology drive the growth of the global optical coating market. However, the need for huge time and effort to produce optical coatings by the manufacturers, capital-intensive manufacturing processes, and fluctuating raw material prices hinder the market growth.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global optical coating industry generated $11.8 billion in 2020, and is anticipated to generate $24.0 billion by 2030, witnessing a CAGR of 7.4% from 2021 to 2030.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The Optical coating market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
The electronics and semiconductor segment accounted for the largest share in 2020, contributing to nearly one-fourth of the global optical coating market, and is projected to maintain its lead position during the forecast period. This is due to growth in demand for durable and dielectric coatings in photovoltaic (PV) cells, electronic assemblies, ICs, and other optoelectronic devices. However, the medical segment is expected to portray the largest CAGR of 8.8% from 2021 to 2030.
Optical coating Companies Covered Market:- E.I. Dupont De Nemours Company, PPG Industries, Zeiss Group, Nippon Sheet Glass Co., Ltd., Abrisa Technologies, Newport Corporation, Inrad Optical, Inc. and Other.
The antireflection coatings segment held the highest market share in 2020, accounting for more than two-fifths of the global optical coating market, and is estimated to maintain its leadership status throughout the forecast period. Anti-reflective segments can provide high-quality coatings with high transmission and low anti-reflection performance for components such as lenses, mirrors, screens, and anti-reflection coatings that are used in various industrial and consumer applications worldwide. Owing to these considerations, anti-reflective coatings have gained attention in the global optical coating market.
Analysis of COVID-19 impact:
The outbreak of the pandemic has had a massive impact on the majority of industries and the Optical coating market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Optical coating market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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