The expanding smartphone industry is a major element driving the growth of the optical coatings market. This is due to the rising global prevalence of the internet. Technical improvements in optical deposition processes and fabrications are projected to open up new prospects in the optical coating industry. The infrastructure industry is predicted to be severely impacted by the Coronavirus. Infrastructure is projected to be subject to delays owing to supply chain disruptions and a lack of labour. Governments all throughout the world are committing resources to meet pressing demands, infrastructure projects have taken a back place. This will reduce demand for optical coatings in the infrastructure industry. The expanding environmental issues caused by electronic waste such as desktops, smartphones, mobile phones, laptops, and other optically coated gadgets are likely to stymie industry expansion.
According to Coherent Market Insights, The global Optical Coatings Market is estimated to reach around US$ 24202.12 million by the end of 2030, in terms of revenue, growing at CAGR of 6.8 % during the forecast period (2022-2030).
Prominent Players in the Optical Coatings Industry:
1. 3M
3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.
2. Precision Optics
Precision Optics Corporation, Inc. designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. The company was incorporated in 1982 and is based in Gardner, Massachusetts. in March 2019, Precision Glass & Optics announced the installation of a new optical the monitoring system, the SL-2012A SpectraLock from Eddy Company. The advanced system provides in-situ optical monitoring and rate control to produce single and multi-layered thin films with ultra-precision and accuracy.
3. Ophir Optronics, Ltd.
Ophir Optronics is a global leader in precision IR optics, laser measurement instrumentation and 3D non-contact measurement equipment. The company was founded in 1976, headquartered in Jerusalem. The company is acquired by Newport Corporation.
4. PPG Industries
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
5. Janos Technology, Inc.
Janos Technology manufactures and designs lenses, infrared coatings, lens assemblies and custom optical products. The company was founded in 1970, headquartered in New Hampshire, U.S.
6. Abrisa Technologies
Abrisa Technologies designs, manufactures and distributes precision optical coating solutions and custom glass fabricated optical products. The company was founded in 1970, headquartered in California, U.S.
7. Denton Vacuum, LLC
Denton Vacuum empowers the optoelectronic and specialty semiconductor markets, helping engineers optimize processes and solve production challenges while improving manufacturing yields and gaining efficiency and throughput. The company was founded in 1964, headquartered in New Jersey, U.S.in Nov. 22, 2021 Denton Vacuum LLC announced it has completed a purchase agreement with 4Wave Incorporated covering ion beam deposition and etch technologies.
8. Newport Corporation
Newport Corporation is a leading global supplier of advanced technology products and solutions for Scientific Research, Life & Health Science, Aerospace & Defense, Photovoltaics, Industrial Manufacturing, Semiconductors, and Microelectronics markets. Established in 1969, headquartered in California, U.S. In April 2021, Newport Corporation acquired all the outstanding shares of Coherent, Inc. for USD 250 per share, USD 115 in shares, and composed of USD 135 in cash.
*Definition- To improve the reflection and transmission qualities of an optical system, tiny layers of interference-producing films are deposited to form optical coatings. These coatings are produced utilising metals, oxides, and rare earth elements.
