The optical coating produced by the Optical Coatings Market is a thin film layer which is coated on various substrates like glass, plastic, polymers, and metal for improving light transmissivity and reducing reflection. The need for light transmission in laser and fiber optics applications will drive the growth of optical coating materials for the next seven years.
The growing popularity in the construction activities along with the rising use of optically coated glass in infrastructure development will augment the demand for the thin film coating in the Optical Coating Market.
Scope & Regional Forecast of the Optical Coating Market
The growth in the Optical Coating Market is influenced by rising consumer electronics and high resolution display. The growing demand for green energy based power generation is expected to drive the growth of the optical thin film. Use of the optical coatings in the automobile industry will increase the share towards market development. Fluctuating raw material prices will restrain the development of the market in future.
The growing need for new technologies coupled with the development of innovative products including the optical add on kits for iPhones and iPads will drive the demand for consumer electronics. This will spur the growth of the Optical Coating Market. The solar application segment will also have a significant development due to growing need to shift energy mix. The rising investment to set up photovoltaic solar installations globally will propel the growth of the thin film optical coatings.
The optical coating design include IR coatings, anti-reflective coatings which are used in military applications like head missile seeker, night vision cameras, and thermal imaging. The growth in the defense industry will augment the Optical Coating Market due to rising equipment manufacturing in Asia Pacific along with increasing investment on security and surveillance by the developed countries of North America and Europe. Strict regulations for developing energy efficient buildings lead to the growth of thin film coating techniques.
Segmentations & Key Players Involved in the Optical Coating Market
The Optical Coating Market can be broken down into various segmentations on the basis of –
- Regions- United States, EU, China, and Japan.
Some of the key players involved in the Optical Coating Market are as follows:
- Cascade Optical Corporation
- Chroma Technology
- Janos Technology
- Inrad Optics
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