Growing demand for smartphones, tablets and high resolution displays is expected to drive growth over the forecast period. The Global Optical Coating Market is expected to reach USD 19.70 billion by 2022, according to a new report by Grand View Research, Inc.
Rising utilization of consumer electronics coupled with technological advancement in this area is expected to augment demand over the next seven years. Optical coatings are used on glass surfaces which are further used in host of applications. Growing concern regarding energy efficient buildings has led to increased use of optical coatings in architectural glass.
As per the LEED standards for green buildings, optical coatings play an important role in reducing energy consumption through thermal insulation and results in effective cooling and reduced costs. Favourable regulatory policies around the globe are expected to propel product demand in architectural glass applications over the forecast period.
Anti-reflective segment is expected to grow at a CAGR of over 10.0% from 2015 to 2022 in terms of volume. Declining prices of smartphones and tablets, coupled with emergence of new technologies in terms of improved user interface is expected to drive demand over the forecast period. Anti-reflective coatings are being widely used in optics and laser industry which is expected to further propel growth over the next seven years.
To Know More About Optical Coating Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/optical-coatings-industry
Solar application is expected to witness significant development owing to increasing investment to set up power plants particularly in emerging economies across the globe. In addition, government policies including grant of incentives and subsidies to promote development of alternate energy sources is expected to increase product consumption over the forecast period.
Top Players of Optical Coating Market:
Key market participants include Abrisa Technologies, Newport Corporation, Cascade Optical Corporation, Inrad optics, PPG Industries and Schott AG.
Market Segmentation of Optical Coating Market:
The Global Optical Coating Market segmented on the basis of Product and Application.
By Product:
Anti-reflective Coating
Reflective Coating
Filter Coating
Conductive Coating
Electrochromatic Coating
By Application:
Consumer Electronics
Solar
Medical
Architecture
Aerospace & Defense
Automotive
Telecommunication
Inquire about Optical Coating Market with Our Experts @ https://www.grandviewresearch.com/inquiry/196
Rising utilization of consumer electronics coupled with technological advancement in this area is expected to augment demand over the next seven years. Optical coatings are used on glass surfaces which are further used in host of applications. Growing concern regarding energy efficient buildings has led to increased use of optical coatings in architectural glass.
As per the LEED standards for green buildings, optical coatings play an important role in reducing energy consumption through thermal insulation and results in effective cooling and reduced costs. Favourable regulatory policies around the globe are expected to propel product demand in architectural glass applications over the forecast period.
Anti-reflective segment is expected to grow at a CAGR of over 10.0% from 2015 to 2022 in terms of volume. Declining prices of smartphones and tablets, coupled with emergence of new technologies in terms of improved user interface is expected to drive demand over the forecast period. Anti-reflective coatings are being widely used in optics and laser industry which is expected to further propel growth over the next seven years.
To Know More About Optical Coating Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/optical-coatings-industry
Solar application is expected to witness significant development owing to increasing investment to set up power plants particularly in emerging economies across the globe. In addition, government policies including grant of incentives and subsidies to promote development of alternate energy sources is expected to increase product consumption over the forecast period.
Top Players of Optical Coating Market:
Key market participants include Abrisa Technologies, Newport Corporation, Cascade Optical Corporation, Inrad optics, PPG Industries and Schott AG.
Market Segmentation of Optical Coating Market:
The Global Optical Coating Market segmented on the basis of Product and Application.
By Product:
Anti-reflective Coating
Reflective Coating
Filter Coating
Conductive Coating
Electrochromatic Coating
By Application:
Consumer Electronics
Solar
Medical
Architecture
Aerospace & Defense
Automotive
Telecommunication
Inquire about Optical Coating Market with Our Experts @ https://www.grandviewresearch.com/inquiry/196
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