Optical Coatings Market : Dynamics, Segments, Size and Demand Analysis


News provided by

Shibuya Data Count

Oct 14, 2021, 09:44 EST


Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 09:44 /Comserve / -- Optical Coatings Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The Global Optical Coating Market was valued at USD 7,322.70 million in 2020 and the market is projected to register a CAGR of 5.81% during the forecast period (2021-2026).

The outbreak of COVID-19 is likely to bring several short-term and long-term consequences in the various industries, such as electronics, telecommunication, aerospace, solar and other industries, which may affect the optical coating market. The aerospace and defense industry, which is one of the major end-users of the optical coatingmarket has taken a major hit in 2020 owing to COVID-19. Owing to the impact of the pandemic, the activity in the commercial aerospace market may take several years to return to the levels that were seen in early 2020. Some players in the aerospace manufacturing industry, including Boeing and Rolls-Royce, even announced production cuts. Hence, there is a huge uncertainty hovered around the near future, which can induce a negative momentum to the optical coating market over the forecast period.

Click Here to Download Sample Report >> https://www.sdki.jp/sample-request-112797

- Over the long term, major factors driving the market studied are growing demand from the solar power sector and technological advancements in the optical coatings fabrication process.
- Upcoming demand from electric vehicles are likely to create opportunities for the market in the coming years.
- Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

Key Market Trends

Anti-reflective (AR) coatings to Dominate the Market

As light passes through an uncoated glass substrate, about 4% of the light energy is reflected at each interface. This reduces the total transmission to approximately less than 92%, which is extremely unfavorable in many industrial applications. Excess reflected light could also lead to laser-induced damage in some laser applications. Antireflection coatings are optical coatings that are typically used to decrease an object’s reflectivity. The anti-reflective coatings are used to reduce the reflectivity of the glass surface to increase efficiency and reduce hazards caused by reflections that travel backward through the system and create ghost images.

Anti-reflective coatings are especially important for systems that contain multiple transmitting optical elements. Many low-light systems also incorporate anti-reflective coated optics to allow for efficient use of light. Anti-reflective coatings are typically designed to affect infrared, visible or ultraviolet light, depending on the application, with some coatings blocking a greater range of light than others. Generally, the common anti reflective coatings are classified based on the number of layers applies, such as single or multi-layer coating. However, there are also some other types of anti reflective coating also available such as absorbing antireflection coating. The simplest anti-reflective coating is the single layer thin film Anti-reflective coating of transparent material. Magnesium Fluoride is often used as a Broadband Anti-reflective (BBAR) coating suitable for visible light applications, such as crown glass.

United States to Dominate the Global Market

The United States is the largest and most powerful economy in the world. The nation’s economy witnessed a growth rate of 2.3% in 2019 Y-o-Y over 2018. United States is by far the worst affected country by the COVID-19 across the globe. To control the spread of virus, various states in USA have adopted complete lockdown while the rest have adopted partial lockdowns and imposing restrictions on various activities. According to the International Monetary Fund, the nation’s GDP is estimated to have contracted by -4.3% in 2020 owing to the severe impact of the COVID-19 pandemic. However, the economy is expected to recovery by 3.1% in 2021. The consumer expenditure which account for about ~67% of the nation’s GDP, plunged by about 7.6% in Q1 2020. On the whole, in the Q1 2020, the nation’s economy contracted by 4.8% marking the first contraction in economy since Q1 2014 and the lowest level since the 2008 financial crisis. In second quarter the economy has further contracted by historic 32% in comparison with first quarter.

Request For The Sample Report Here: https://www.sdki.jp/sample-request-112797

The United States has the largest aerospace industry in the world. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 in 2037, owing to the growth in air cargo. Also, the US mainliner carrier fleet is expected to grow at a rate of 54 aircraft per year, due to the existing fleet getting older. Strong exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer spending in both civil and military in the country is driving the manufacturing activities in the aerospace industry. However, huge losses for the aerospace companies are expected in the country due to coronavirus outbreak, which may affect the growth of the optical coatings market in the country in the short term. The lack of operations in the COVID-19 period has led to decrease in consumption of the optical coatings in 2020. However, as several countries like Japan, Taiwan, Belgium, etc., purchase defense aircrafts and equipment from the United States is expected to expediate the growth recovery for the market studied. For instance, Japan planned to buy 105 F-35 joint strike fighters from Lockheed Martin. The increased export order of Unmanned Aerial Vehicle from the countries like India will further boost the demand for the optical coatings from the defense sector.

Competitive Landscape

The optical coatings market is is highly fragmented in nature, with top five players accounting for a major share (in terms of revenues generated) of the market studied. Many companies manufacturing coatings use their own technologies for the manufacturing of optical coatings. Also, The market is extremely competitive, with various major manufacturers engaging in strategic partnerships to expand their market share. The major companies include Dupont, ZEISS International, Newport., PPG Industries Inc, and Nippon Sheet Glass Co. Ltd, among others.

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand from the Solar Power Sector
4.1.2 Technological Advancements in Optical Coatings Fabrication Process
4.2 Restraints
4.2.1 Detrimental impact of Covid-19
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size by Revenue)

Request For Full Report >> Optical Coatings Market

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Related Links
https://www.sdki.jp/