(MENAFN – Straits Research)
Introduction
Optical coatings enhance the light transmission and polarization of optical components. They consist of thin layers that improve properties like reflection and performance. Commonly used in solar panels, electronics, and automotive industries, the demand for these coatings is boosted by their application in semiconductors and military equipment.
Market Dynamics
Growing Demand from the Solar Industry
In the solar sector, optical coatings improve efficiency by enhancing light collection and reducing maintenance costs. Anti-reflective coatings, which minimize light reflection on solar panels, are essential for maximizing power output.
Opportunities in Electric Vehicles
Optical sensors play a vital role in electric vehicles, with optical components used in various systems like radars and cameras. The rise of electric vehicles is expected to increase the demand for optical coatings in the automotive market.
Regional Insights
Asia Pacific is the largest market for optical coatings, projected to grow at a CAGR of 8%. China’s electronics production, especially smartphones and TVs, drives substantial demand.
North America is expected to reach USD 3.82 billion by 2030, growing at a CAGR of 6.3%. The U.S. aerospace industry’s expansion, driven by rising commercial aircraft numbers, increases the need for optical coatings.
Key Highlights
- The global optical coatings market was valued at USD 7.76 billion in 2021, projected to reach USD 12.37 billion by 2030, with a CAGR of 6%.
- By Product Type: The market includes Optical Filter Coatings, Anti-Reflective Coatings, Transparent Conductive Coatings, Mirror Coatings, and Beam Splitter Coatings, with Anti-Reflective Coatings holding the largest share.
- By Technology: Key technologies are Chemical Vapor Deposition, Plasma Sputtering, and more, with Chemical Vapor Deposition being dominant.
- By End-User: Segments include Aerospace & Defense, Electronics & Semiconductors, and Automotive, with Electronics holding the largest share.
Competitive Players
- 3M
- Abrisa Technologies
- AccuCoat Inc.
- Artemis Optical Ltd
- Dupont
- Edmund Optics, Inc.
- Inrad Optics
- Newport
- Nippon Sheet Glass
- Optical Coatings Technologies
- Materion Corporation
- PPG Industries, Inc.
- Quantum Coating
- Reynard Corporation
- Schott AG
- Sigmakoki Co. Ltd
- ZEISS International
- Zygo Corporation
Recent Developments
- August 2022: 3M Health Care enhanced its Veraflo Therapy by introducing new dressing kits, improving care delivery.
- August 2022: 3M announced an exchange offer for stockholders as part of restructuring its food safety business.
Segmentation
By Product Type
- Optical Filter Coatings
- Anti-Reflective Coatings
- Transparent Conductive Coatings
- Mirror Coatings
- Beam Splitter Coatings
By Technology
- Chemical Vapor Deposition
- Ion-beam Sputtering
- Plasma Sputtering
- Atomic Layer Deposition
- Sub-wavelength Structured Surfaces
By End-user
- Aerospace & Defense
- Electronics & Semiconductors
- Telecommunications
- Healthcare
- Solar
- Automotive
- Others
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