Precedence Research, Recently Published Report on “Optical Coatings Market Size, Share, Growth, Trends, Segment Forecasts, Regional Outlook 2020 - 2027”. The report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.
The global Optical Coatings Market value is projected to reach US Dollar 20.43 billion by 2027 and is projected to expand at a CAGR of ~5.6%% from 2020 to 2027.
Optical coating is the deposition of thin layers of coatings with different refractive indexes on the optical component this in turn modifies the transmission &reflection characteristics of the system. These coatings protect the optical component from unfavorable environmental conditions. Further, these products expected to have significant demand in corrective lenses, camera lens, solar cells, and other various components.
Growth Factors
Significant growth in the demand for consumer electronic devices such as tablets, smartphones, smartwatches, and smart televisions estimated to drive the market growth. Rapid urbanization that results in changes in the consumer lifestyle expected to offer lucrative growth opportunities for smart consumer electronic products over the forecast period. In addition, rise in demand for clean and green generation along with smart and green products across various industries such as construction, automotive, and others expected to further propel the market growth over the upcoming years.
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However, volatility in the price of raw materials is one of the major concerns that further affect the overall prices of optical coatings products. This decreases the profitability ratio for manufacturers as well as increases the total market costs for the product, thus restricting the market growth. Although metal prices are witnessed to have a declining trend in the past few years, sudden fluctuation in prices may have a negative impact on the market growth.
Report Highlights
- North America led the global market accounting for a value share of more than 37% in 2019 owing to prominent growth of solar industry particularly in the U.S.
- The Asia Pacific estimated to exhibit significant growth over the upcoming years because of rising demand for consumer electronics along with immense opportunity from automotive and manufacturing sectors
- The anti-reflective product segment dominated the market accounting for over 30% share of the overall revenue in 2019 due to its increasing application in display screens, magnifying lenses, and eyeglasses
- Conductive coatings segment estimated to exhibits lucrative growth over the forthcoming years because of its large-scale application in solar panels
- Consumer electronics captured major market share in the global market accounting for over 33% of value in 2019 due to rapid growth in demand for smartphones and rising disposable income of consumers
- Automotive industry is the other most important application segment for the market owing to its application in speedometer display and other components in the automotive industry
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Regional Snapshots
North America emerged as the global leader for optical coatings market, in terms of value, in the year 2019. Increasing demand for eco-friendly and non-toxic optical coating materials especially in sensing applications, semiconductor & circuit assembly, aerospace applications, and laser systems are the major factors that attributed towards the prominent growth of optical coatings within the region. The region is a major manufacturing hub for small-scale and mid-scale companies dedicated for the development and manufacturing of medical equipment and devices that further anticipated to propel the market growth over the upcoming years.
Furthermore, North America being technology leader across the globe provides immense growth opportunity for various industries such as microelectronics, instrumentation, Information Technology (IT), and biotechnology that in turn ultimately leads to an increased demand for optical coatings products over the analysis period.
On the contrary, the Asia-Pacific projected to witness the highest growth rate in the global optical coatings market during the forecast years from 2020 to 2027. The growth of the region is majorly driven by the growing demand for sophisticated and advanced electronic devices for example LCDs, smartphones, and computers. Furthermore, increasing investments by the foreign manufacturers in order to expand their production facilities along with enhanced living standard of people accounted as the other most prominent factors contributing towards the market growth in this region.
Key Players & Strategies
The optical coatings industry offer enormous growth potential for the industry participants to strengthen their footprint in the emerging and flourishing end-use markets such as solar, automotive, green building construction, telecommunication, and many more. Most of these players have integrated their distribution operation and raw material production sectors to maintain the product quality along with expanding their geographical reach. Apart from this, several industry participants are immensely focusing towards research & development (R&D) activity to create product differentiation in the market as well as to strengthen their foothold on the global scale.
Some of the key players operating in the market are Cascade Optical Corporation, Alluxa, Inc., Chroma Technology Corp., Optical Coatings Japan, Berliner Glas, Inrad Optics, PPG Industries Inc., Schott Ag, Viavi Solutions Inc., and Abrisa Technologies among others.
Market Segmentation
By Product
- Reflective Coatings
- Anti-reflective Coatings
- Filter Coatings
- Electrochromic Coatings
- Conductive Coatings
Others
By Application
- Solar
- Consumer Electronics
- Telecommunication
- Architecture
- Medical
- Automotive
- Aerospace & Defense
- Others
By Regional Outlook
- North America
- Europe
- Asia Pacific
- Rest of the World
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Optical Coatings Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Optical Coatings Market
5.1. Covid-19: Optical Coatings Industry Impact
5.2. Optical Coatings Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Optical Coatings Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Optical Coatings Manufacturer to deal with Covid-19 Pandemic Scenario
Chapter 6. Optical Coatings Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Rising Focus Towards Solar Generation
6.1.1.2. Increasing Demand for Smart Electronics
6.1.2. Market Restraints
6.1.2.1. Volatile Prices of Raw Materials
6.1.3. Market Opportunities
6.1.3.1. Rising Integration of Internet of Things (IoT) and Artificial Intelligence (AI)
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Global Optical Coatings Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Optical Coatings Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Optical Coatings Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Optical Coatings Market Production by Manufacturer (2015-2020)
7.1.1.4. Optical Coatings Market Production Market Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Manufacturer Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Optical Coatings Market, By Product
8.1. Optical Coatings Market, by Product, 2016-2027
8.1.1. Reflective Coatings
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Production and Forecast (2016-2027)
8.1.2. Anti-reflective Coatings
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. Filter Coatings
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Production and Forecast (2016-2027)
8.1.4. Electrochromic Coatings
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.4.2. Market Production and Forecast (2016-2027)
8.1.5. Conductive Coatings
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.5.2. Market Production and Forecast (2016-2027)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.6.2. Market Production and Forecast (2016-2027)
Chapter 9. Global Optical Coatings Market, By Application
9.1. Optical Coatings Market, by Application, 2016-2027
9.1.1. Solar
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Consumption and Forecast (2016-2027)
9.1.2. Consumer Electronics
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Consumption and Forecast (2016-2027)
9.1.3. Telecommunication
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.3.2. Market Consumption and Forecast (2016-2027)
9.1.4. Architecture
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.4.2. Market Consumption and Forecast (2016-2027)
9.1.5. Medical
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.5.2. Market Consumption and Forecast (2016-2027)
9.1.6. Automotive
9.1.6.1. Market Revenue and Forecast (2016-2027)
9.1.6.2. Market Consumption and Forecast (2016-2027)
9.1.7. Aerospace & Defense
9.1.7.1. Market Revenue and Forecast (2016-2027)
9.1.7.2. Market Consumption and Forecast (2016-2027)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2016-2027)
9.1.8.2. Market Consumption and Forecast (2016-2027)
Chapter 10. Global Optical Coatings Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Production Forecast by Product (2016-2027)
10.1.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.1.3. U.S
10.1.3.1. Market Revenue and Production Forecast (2016-2027)
10.1.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.1.4. Canada
10.1.4.1. Market Revenue and Production Forecast (2016-2027)
10.1.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Production Forecast by Product (2016-2027)
10.2.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.2.3. UK
10.2.3.1. Market Revenue and Production Forecast (2016-2027)
10.2.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.4. Germany
10.2.4.1. Market Revenue and Production Forecast (2016-2027)
10.2.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.5. France
10.2.5.1. Market Revenue and Production Forecast (2016-2027)
10.2.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.6. Rest of EU
10.2.6.1. Market Revenue and Production Forecast (2016-2027)
10.2.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue and Production Forecast by Product (2016-2027)
10.3.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.3.3. China
10.3.3.1. Market Revenue and Production Forecast (2016-2027)
10.3.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Production Forecast (2016-2027)
10.3.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.5. Japan
10.3.5.1. Market Revenue and Production Forecast (2016-2027)
10.3.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Production Forecast (2016-2027)
10.3.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.4. LATAM
10.4.1. Market Revenue and Production Forecast by Product (2016-2027)
10.4.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.4.3. Brazil
10.4.3.1. Market Revenue and Production Forecast (2016-2027)
10.4.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue and Production Forecast (2016-2027)
10.4.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue and Production Forecast by Product (2016-2027)
10.5.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.5.3. GCC
10.5.3.1. Market Revenue and Production Forecast (2016-2027)
10.5.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.4. North Africa
10.5.4.1. Market Revenue and Production Forecast (2016-2027)
10.5.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.5. South Africa
10.5.5.1. Market Revenue and Production Forecast (2016-2027)
10.5.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue and Production Forecast (2016-2027)
10.5.6.2. Market Revenue and Consumption Forecast (2016-2027)
Chapter 11. Company Profiles
11.1. Cascade Optical Corporation
11.1.1. Company Overview, Business Information, Manufacturing Area
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.1.4. Recent Developments and Strategies
11.2. Alluxa, Inc.
11.2.1. Company Overview, Business Information, Manufacturing Area
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.2.4. Recent Developments and Strategies
11.3. Chroma Technology Corp.
11.3.1. Company Overview, Business Information, Manufacturing Area
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.3.4. Recent Developments and Strategies
11.4. Optical Coatings Japan
11.4.1. Company Overview, Business Information, Manufacturing Area
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.4.4. Recent Developments and Strategies
11.5. Berliner Glas
11.5.1. Company Overview, Business Information, Manufacturing Area
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.5.4. Recent Developments and Strategies
11.6. Inrad Optics
11.6.1. Company Overview, Business Information, Manufacturing Area
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.6.4. Recent Developments and Strategies
11.7. PPG Industries Inc.
11.7.1. Company Overview, Business Information, Manufacturing Area
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.7.4. Recent Developments and Strategies
11.8. Schott Ag
11.8.1. Company Overview, Business Information, Manufacturing Area
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.8.4. Recent Developments and Strategies
11.9. Viavi Solutions Inc.
11.9.1. Company Overview, Business Information, Manufacturing Area
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.9.4. Recent Developments and Strategies
11.10. Abrisa Technologies
11.10.1. Company Overview, Business Information, Manufacturing Area
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.10.4. Recent Developments and Strategies
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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