Optical Coatings Market: A Lucrative Industry Full of Opportunities

 

An optical coating is made of a combination of thin layers of materials such as metals, oxides, or rare earth materials. The performance of an optical coating depends on the number of layers, their thickness, and the refractive index difference between them. Optical coatings are deposited using specific deposition techniques. In simple terms, an optical coating is a combination of one or more thin layers of material that affect how light interacts with a certain optical component. Optical coatings are being used in many applications, such as military and defense, telecommunication, medical, automotive, architecture solar panels, and consumer electronics.

The evolution of the display and electronics industries and the ever-growing need for advanced and cutting-edge coatings are key factors driving advancements in many optical coating technologies. Where some industries require clear coatings, other industries require specialized optical coatings that can efficiently transfer energy. While a few companies have developed coating systems which can reduce the need for surface roughness, others have succeeded at increasing the amount of light which travels through an applied coating. This increased light transmission ability has led to the development of a wide variety of coatings, which offer a range of capabilities.

Recent technological advances in the field of optical deposition techniques, along with the increasing demand for efficient optical devices in end-use applications, are expected to drive the optical coatings market. The increased use of reflective coatings in green buildings to maintain heat and reduce energy consumption is also expected to increase demand for optical coatings. Moreover, the increasing demand for consumer electronic products, such as personal computers, video games console, high-resolution displays, cameras, tablets, and mobiles is augmenting the optical coatings market growth. For instance, in November 2019, ZEISS unveiled the Supreme Prime Radiance lenses, a new set of high-end cinematography lenses.

North America is a major manufacturing hub for medical equipment companies, which is expected to increase the demand for optical coatings. The ever-increasing patient population due to the COVID-19 pandemic at the community level is expected to increase the demand for medical components, boosting the demand for optical coatings in the United States. During the COVID-19 pandemic, Abrisa Technologies remained operational to provide critical glass fabrication & optical coating requirements. Asia Pacific is also expected to a witness substantial growth due to the increasing demand for consumer electronic products, which is expected to drive the market growth. Moreover, increased use of optical coatings in many automobile components, such as headlight lenses, windshields, car windows, and gear knob top, is also expected to propel the growth of the optical coatings market.