ELECTRONICS.CA PUBLICATIONS announces the availability of a comprehensive global report on Optical Coatings markets. Global market for Optical Coatings is projected to reach US$13.2 billion by 2020, backed by surging demand for electronic computing devices, increased penetration of photovoltaics, and expanding applications for innovative coatings.
Defined as thin layers of materials applied on substrates for enhancing optical performance, optical coatings find use in the manufacture of flat-screen displays and lenses. Surging demand for consumer electronic devices especially smartphones are driving growth in the market, as optical coatings are used in flat screen displays of these products to deliver increased display protection, maximum performance, and yield superior esthetics. The transition to LED lighting is also expected to augur well for the market, as optical coatings are increasingly being used in LEDs to help improve performance. Also, demand from specialized application areas such as Building Integrated Photovoltaics (BIPV) and the optoelectronics sector is anticipated to encourage gains in the market.
Opportunities for growth also exist in the architecture sector, backed by the recovery in the construction industry worldwide. Growing government focus on developing renewable energy sources in the wake of rising energy crisis, and resultant investment in solar /photovoltaic modules, is fostering demand for optical coatings. In addition, usage of optical coatings will continue to grow in the military and defense sector, thanks to steady rise in investments. Growing prominence of fiber-optics technologies in various medical devices for effective diagnosis, monitoring as well as treatment, is buoying adoption of optical coatings in the medical field. Increasing focus on minimally invasive techniques for surgery and adoption of miniature devices, are benefiting demand for innovative coatings. Also driving growth is the increasing penetration of laser systems and ophthalmic lenses. Rising demand for automobiles, particularly in the developing markets, wherein optical coatings are used in displays on vehicle dashboards, also augurs well for the market.
The telecommunications sector is also spurring growth opportunities, thanks to growing demand for fiber optic components. Anti-reflection coatings offer significant durability and adhesion for optical fibers used in this sector. Escalating demand for infrastructure that is energy efficient is also driving the market for antireflection coatings. High quality nanostructure-based antireflection coatings are under development for enhancing the performance of EO/IR sensors and photovoltaic modules.
As stated by the new market research report on Optical Coatings, the United States represents the largest market worldwide, while Asia-Pacific ranks as the fastest growing market with a CAGR of 11.1% over the analysis period. Growth in the region is supported by strong industrial activity, rising disposable incomes, and increased consumption of consumer durables.
Key players covered in the report include Abrisa Technologies, AccuCoat Inc., Align Optics Inc., Andover Corp., Brewer Science Inc., Dontech Inc., Evaporated Coatings Inc., Helia Photonics Ltd., Hoya Corp. USA, JDS Uniphase Corp., Newport Thin Film Laboratory Inc., Optical Coatings Japan, Optics Balzers AG, OptoSigma Corp., Inrad Optics Inc., Princeton Instruments, Quantum Coating Inc., Research Electro-Optics Inc., and Zygo Corp., among others.
The research report titled “Optical Coatings – Global Strategic Business Report”, provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. End-use sectors analyzed in the report include Healthcare, Military, Electronics, Transportation, Construction, and Others. Product Types analyzed include Transmissive or Anti-Reflective Coatings, Transparent Electrodes, Reflective Coatings, Filters, and Others.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View Complete Report Details: “Optical Coatings – Global Strategic Business Report“.