Published by Coherent Market Insights
Posted on September 27, 2021
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 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 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).
Top Key Players in Optical Coatings market: 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
Regional Analysis:
The market research report on the global Optical Coatings market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered:
The rapid adoption of smart televisions among consumer may be a major trend within the market. this is often attributed to improving lifestyle and increasing income of the consumers. The growing trend of wearing smart watches among young population is additionally expected to reinforce the market growth of optical coatings. Growth within the semiconductor industry including the technological advancement is further expected to bolster 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.
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.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Optical Coatings market leading manufacturers with latest trends forecast to 2027 appeared first on Gatorledger.
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 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 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).
Top Key Players in Optical Coatings market: 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
Regional Analysis:
The market research report on the global Optical Coatings market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered:
The rapid adoption of smart televisions among consumer may be a major trend within the market. this is often attributed to improving lifestyle and increasing income of the consumers. The growing trend of wearing smart watches among young population is additionally expected to reinforce the market growth of optical coatings. Growth within the semiconductor industry including the technological advancement is further expected to bolster 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.
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.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Optical Coatings market leading manufacturers with latest trends forecast to 2027 appeared first on Gatorledger.
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