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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Optical coating is a deposition of thin layers of films that create interference effects in order to enhance reflection and transmission properties of an optical system. Optical coatings enhance optical functions and provide protection to optic from harsh environmental conditions. These coatings are produced by using rare earth materials, oxides, and metals.

The global optical coatings market is projected to reach around US$ 18,187.8 million by the end of 2027, in terms of revenue, growing at CAGR of 7.2% during the forecast period (2020-2027).

Drivers:

The escalating market of smartphones is a prime factor augmenting the market growth of the optical coatings. This is attributed to increasing penetration of the internet around the globe. International Telecommunication Union, estimates that at the end of 2019, 53.6 percent of the global population, or 4.1 billion people, are using the Internet. Thus, the growing penetration of smartphones around the globe is propelling the market growth of optical coatings.

Figure 1. Global Optical Coatings Market Share (%) in terms of Value, By Region, in 2019

Optical Coatings  | Coherent Market Insights

North America region dominated the global optical coatings market in 2019, accounting for 35.5% share in terms of value, followed by Asia Pacific and Europe, respectively.

Market Restraints

Increasing environmental concerns due to growing electronic waste such as desktops, smartphones, mobile phones, laptops, and other such optically coated devices are expected to hinder the market growth.

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Optical Coatings Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 10,392.3 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.2% 2027 Value Projection: US$ 18,187.8 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Product Type: Anti-Reflective Coatings, Filter coatings, Transparent Electrodes, Reflective Coatings, and Others
  • By Application: Electronics, Defense/security, Infrastructure, Solar, and Others
Companies covered:

3M Precision Optics, Ophir Optronics, Ltd., PPG Industries, Janos Technology, Inc., Abrisa Technologies, Denton Vacuum, LLC, JDSU, Inrad Optics, Newport Corporation, and Optical Coatings Japan

Growth Drivers:
  • The escalating market of smartphones is a prime factor augmenting the market growth
  • Growing demand for reflective coatings in green buildings for heat retention and reducing consumption of energy
Restraints & Challenges:
  • The fluctuating price of raw materials used in the optical coatings

Market Opportunities

Technological advancement in the field of optical deposition techniques and fabrications is expected to offer potential opportunities to the market of optical coating. For instance, in March 2019, Precision Glass & Optics announced the installation of a new optical the monitoring system, the SL-2012A SpectraLock from Eddy Company. The advanced system provides in-situ optical monitoring and rate control to produce single and multi-layered thin films with ultra-precision and accuracy.

Growing demand for automotive displays and GPS navigation system is expected to bring new market opportunities. The growth of the optical coatings market is also attributed to the growth in the automotive industry due to increasing manufacturing of automobiles with smart features. According to the European Automobile Manufacturers Association, 98.1 million motor vehicles were produced around the world in 2018. Moreover, more than 80 million passenger cars were produced around the world in 2017. 

Figure 2. Global Optical Coatings Market– Opportunity Analysis

Optical Coatings  | Coherent Market Insights

Market Trends

The rapid adoption of smart televisions among consumer is a major trend in the market. This is attributed to improving lifestyle and increasing disposable income of the consumers. The growing trend of wearing smart watches among young population is also expected to augment the market growth of optical coatings. Growth in the semiconductor industry coupled with the technological advancement is further expected to bolster the market growth of optical coatings.

Collaborations and agreements among major players to expand presence on the global level is a major trend in the market. For instance, in March 2018, Helia Photonics (Livingston, Scotland), specializing in coatings for laser optics and semiconductor laser facets, are partnering with precision optical component supplier Brilliant Optics (Shenzhen, China) to advance optical coatings.

Figure 3. Global Optical Coatings Market Share (%) in terms of Value, By Application, in 2019

Optical Coatings  | Coherent Market Insights

On the basis of application in 2019, the infrastructure segment has accounted the largest market share of 38.8% in terms of value, followed by electronics and defense/security segment respectively.

Global Optical Coatings Market - Impact of Coronavirus (Covid-19) Pandemic

Coronavirus is expected to have a significant impact on infrastructure sector. Infrastructure are expected to vulnerable to delays due to supply chain disruptions and unavailability or shortage of workers. Governments across the world are devoting resources to address immediate needs, which in turn has made infrastructure projects take a back seat. This is expected to decrease the demand for optical coatings from infrastructure sector. The coronavirus is expected to have a short term impact on optical coatings market. According to Coherent Market Insights, optical coatings market is expected to grow at a lower CAGR between 2020 and 2021.

Competitive Section:

Company Names 

  1. 3M Precision Optics
  2. Ophir Optronics, Ltd.
  3. PPG Industries
  4. Janos Technology, Inc.
  5. Abrisa Technologies
  6. Denton Vacuum, LLC
  7. JDSU
  8. Inrad Optics
  9. Newport Corporation
  10. Optical Coatings Japan

Optical coating is a deposition of thin layers of films that create interference effects in order to enhance reflection and transmission properties of an optical system. Optical coatings enhance optical functions and provide protection to optic from harsh environmental conditions. These coatings are produced by using rare earth materials, oxides, and metals.

Market Dynamics

Growing demand for reflective coatings in green buildings for heat retention and reducing consumption of energy is expected to bolster the market growth of optical coatings. Rising demand for consumer electronic goods coupled with handheld consoles such as camera and tablets are also expected to fuel the market growth of optical coatings. Also, increasing use of display windows, heaters, LED displays and instrument displays are again contributing to the market growth of optical coatings.

Technological advancement in the field of optical deposition techniques and fabrications is expected to offer potential opportunities to the market of optical coating. For instance, in March 2019, Precision Glass & Optics announced the installation of a new optical the monitoring system, the SL-2012A SpectraLock from Eddy Company. The advanced system provides in-situ optical monitoring and rate control to produce single and multi-layered thin films with ultra-precision and accuracy.

The fluctuating price of raw materials used in the optical coatings is expected to hinder the market growth of optical coatings. Moreover, the high cost of R &D involved in the field of optical coatings is also expected to hamper the market growth.

Key features of the study:

  • This report provides in-depth analysis of the global optical coatings market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on optical coatings market.
  • It profiles key players in the global optical coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include 3M Precision Optics, Ophir Optronics, Ltd., PPG Industries, Janos Technology, Inc., Abrisa Technologies, Denton Vacuum, LLC, JDSU, Inrad Optics, Newport Corporation, and Optical Coatings Japan
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global optical coatings market report caters to various stakeholders in this industry including investors, suppliers, optical coatings manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the optical coatings market

Detailed Segmentation:

  • Global Optical Coatings Market, By Product Type:
    • Anti-Reflective Coatings
    • Filter coatings
    • Transparent Electrodes
    • Reflective Coatings
    • Others
  • Global Optical Coatings Market, By Application:
    • Electronics
    • Defense/security
    • Infrastructure
    • Solar
    • Others
  • Global Optical Coatings Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Canada
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
    • Europe
      • U.K.
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Germany
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • France
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Italy
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Spain
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Russia
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Rest of Europe
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
    • Asia Pacific
      • China
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • India
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Japan
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • ASEAN
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Australia
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • South Korea
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Rest of Asia Pacific
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Mexico
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Rest of Latin America
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
    • Middle East & Africa
      • Middle East
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
      • Africa
        • By Product Type
          • Anti-Reflective Coatings
          • Filter coatings
          • Transparent Electrodes
          • Reflective Coatings
          • Others
        • By Application
          • Electronics
          • Defense/security
          • Infrastructure
          • Solar
          • Others
  • Company Profiles
    • 3M Precision Optics *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Ophir Optronics, Ltd.
    • PPG Industries
    • Janos Technology, Inc.
    • Abrisa Technologies
    • Denton Vacuum, LLC
    • JDSU
    • Inrad Optics
    • Newport Corporation
    • Optical Coatings Japan

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Optical Coatings Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Optical Coatings Market, By Product Type, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Anti-reflective Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Filter Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Transparent Electrodes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Reflective Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. Global Optical Coatings Market, By Application, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Electronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Defense/security
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Infrastructure
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Solar
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  7. Global Optical Coatings Market, By Region, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • 3M Precision Optics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ophir Optronics, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • PPG Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Janos Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Abrisa Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Denton Vacuum, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • JDSU
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Inrad Optics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Newport Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Optical Coatings Japan
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for optical is estimated to surpass US$ 18,187.8 million by 2027, exhibiting a CAGR of 7.2% between 2020 and 2027.
The escalating market of smartphones is a prime factor augmenting the market growth of the optical coatings. This is attributed to increasing penetration of the internet around the globe. International Telecommunication Union, estimates that at the end of 2019, 53.6 percent of the global population, or 4.1 billion people, are using the Internet. Thus, the growing penetration of smartphones around the globe is propelling the market growth of optical coatings.
The optical market is expected to exhibit a CAGR of 3.5% during the forecast period (2020-2027).
Major players operating in the global optical coatings market include 3M Precision Optics, Ophir Optronics, Ltd., PPG Industries, Janos Technology, Inc., Abrisa Technologies, Denton Vacuum, LLC, JDSU, Inrad Optics, Newport Corporation, and Optical Coatings Japan.
Increasing environmental concerns due to growing electronic waste such as desktops, smartphones, mobile phones, laptops, and other such optically coated devices are expected to hinder the market growth.
The rapid adoption of smart televisions among consumer is a major trend in the market. This is attributed to improving lifestyle and increasing disposable income of the consumers. The growing trend of wearing smart watches among young population is also expected to augment the market growth of optical coatings.
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