Optical Coatings Market by Type (Anti-Reflection Coatings, High-Reflection Coatings, Beam Splitter Coatings, Filter Coatings, and Others), Technology (Vacuum Disposition, E-Beam Evaporation, Sputtering, and Others), End-Use Industry (Electronics & Semiconductor, Military & Defense, Automotive, Construction, Solar, Medical, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026678 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 74 billion mark in 2022 and is expected to hit US$ 99 billion by 2030, recording a CAGR of 3.5% during the forecast period.

Increasing materials' usage in designing optical components to drive market growth 

Increasing demand to enhance the optical properties of various components such as cameras, motion detectors, headlights, reflectors, rain sensors, and so on is expected to drive market growth. In addition, technological advancements in optical fabrication and deposition techniques and rising demand for high-resolution sports optics among sportsmen are likely to favor the material's demand globally. Furthermore, increasing optical coatings usage in improving heat retention and energy efficiency of green buildings is anticipated to drive global market growth.       

Within the report, the global optical coatings market is segmented into type, technology, end-use industry, and geography. The global market is further segmented by type into anti-reflection coatings, high-reflection coatings, beam splitter coatings, filter coatings, and others. By technology, the market is segregated into vacuum deposition, e-beam evaporation, sputtering, and others. Based on the end-use industry, the global optical coating market is segregated into electronics & semiconductors, military & defence, automotive, construction, solar, medical, and others. Geographically, the global market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising adoption of the material in the advanced automotive electronics to augment market growth

Optical coatings help enhance the optical lens's reflection, transmission, and polarization features. The rising adoption of optical coating material in advanced automotive electronics is likely to favor the market growth. In addition, technological advancements in developing compact-sized optical coating-based electronic circuit boards (PCBs) for developing automotive vehicles equipped with various features such as fluid monitoring, digital displays & lighting, and so on are anticipated to create new market growth avenues. The increasing demand of using anti-reflection optical coating-based gears to reduce the effect of light glare from automotives mainly results in the anti-reflection coatings segment holding a significant market share.

Increasing optical coatings usage in various manufacturing industries offers futuristic market growth opportunities

The optical coating material is used in various manufacturing industries such as electronics & semiconductors, military & defense, automotive, construction, solar, medical, and others. Increasing optical coatings demand for high-performance optical devices such as field scopes, binoculars, night ranges, and others is expected to drive the electronics & semiconductor segmental growth. In addition, governmental focus on building defence and military infrastructural facilities is likely to increase the demand for military optics in many countries globally.

Recent strategic developments in the optical coatings market

The optical coatings market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2020, Materion, a US-based speciality material supplier, acquired Optics Balzers AG, a thin film optical coating maker, to start producing optical coating components and optical thin film coating.
  • In September 2020, Artemis Capital Partners acquired Omega Optical, a Vermont, US-based precision optical filter and coating manufacturer, to expand its business in the optical coatings industry.

The optical coatings market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Abrisa Technologies, Alluxa, Artemis Optical Limited., Cascade Optical Corporation, and Chroma Technology Corporation are the prominent players operating in the market.

The target audience for the report:

  • Optical coating manufacturers
  • Optical coating suppliers
  • Optical coating distributors and exporters
  • Advanced optics manufacturers
  • Chemicals & materials industry-related associations, organizations, forums, and alliances
  • Government bodies, such as policymakers and regulating authorities
  • Venture capitalists, private equity firms, and start-up companies
  • End users of optical coatings
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the global market has been segmented based on:

  • Type:
    • Anti-Reflection Coatings
    • High-Reflection Coatings
    • Beam Splitter Coatings
    • Filter Coatings
    • Others
  • Technology:
    • Vacuum Disposition
    • E-Beam Evaporation
    • Sputtering
    • Others
  • End-Use Industry:
    • Electronics & Semiconductor
    • Military & Defense
    • Automotive
    • Construction
    • Solar
    • Medical
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Abrisa Technologies
  • Alluxa
  • Artemis Optical Limited.
  • Cascade Optical Corporation
  • Chroma Technology Corporation  

The List of Companies
- Abrisa Technologies
- Alluxa
- Artemis Optical Limited.
- Cascade Optical Corporation
- Chroma Technology Corporation

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