The global optical coating market size was USD 12.01 billion in 2020. The market is expected to grow from USD 13.04 billion in 2021 to USD 22.57 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Optical Coating Market, 2021-2028.” According to our researchers, the market is projected to inflate owing to the latest technological progressions in the field of optical deposition methods and fabrication, along with increasing demand for dominant optical products in end-use applications. Additionally, numerous industry players put in efforts on R&D to advance their coating procedures and supplies in order to deliver high-performance optical coverings, and this is estimated to drive the market growth in the near future.

Report Coverage

The report presents an orderly study of the market segments and a thorough analysis of the market overview. A considerate assessment of the current market trends and the impending opportunities are offered in the report. Additionally, it grants a meticulous analysis of the regional dynamics and how they contribute to the market growth. The COVID-19 impacts have been discussed in the report to support stockholders and business owners with a clear understanding of the prevailing risks in the market. The report further discusses the key players and their noticeable strategies to stay in the leading position.

Compound filters are utilized to observe the signal transmission of optical fiber links. Multi-layer thin-film piles also extended the bandwidth of optical fiber supply in the communications segment. The telecom industry is projected to be the quickest-growing market for coating usage. Numerous layers and very minute particles make up thin-film filters. Regardless of the restricted production capacity, they create high-profit market prices. The proficiency ideals for thin-film optical filters have augmented intensely in reply to the demands of the optical communications industry.

Regional Insights

The market size in Asia Pacific stood at USD 5.48 billion in 2020. The regional market is expected to be driven by an increasing population and rising demand for consumer electronics such as laptops, cameras, cell phones, video game consoles, LED TVs, and personal computers.

The need for non-toxic and environmentally friendly coatings materials in semiconductor and circuit assembly, sensor applications, laser systems, and aerospace applications has fuelled the optical coating market growth in North America.

In the telecommunications industry, Europe has the most liberalization, privatization, and competition. Because of the increasing use of these coatings in car windows, automobile displays, and headlamps, the region is expected to witness steady growth in the market.

Industry Development

April 2020: Materion Corporation declared that it has engaged in a binding contract to purchase Optics Balzers, AG, which is a thin-film optical coating market forerunner.

List of Key Players Covered in this Market Report

• Jenoptik (Jena, Germany)

• SCHOTT (Mainz, Germany)

• Optimax Systems, Inc. (New York, U.S.)

• Surface Optics Corporation (California, U.S.)

• GELEST, INC. (Pennsylvania, U.S.)

• Materion Corporation (Ohio, U.S.)

• VAMPIRE OPTICAL COATINGS (Ohio, U.S.)

• Optics Balzers AG (Liechtenstein, Germany)

• VIAVI Solutions Inc. (California, U.S.)

• PPG Industries, Inc. (Pennsylvania, U.S.)

• DuPont (Delaware, U.S.)

• ZEISS International (Oberkochen, Germany)

• Nippon Sheet Glass Co., Ltd (Tokyo, Japan)

• Newport Corporation (California, U.S.)

Information Source: https://www.fortunebusinessinsights.com/optical-coatings-market-102138