Optical Coatings Market, By Product Type (Anti-reflective Coatings, Filter Coatings, Transparent Electrodes, Reflective Coatings, Others), By Application (Electronics, Defense/Security, Infrastructure, Solar, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023

Code : CMI4071

Pages :110

Formats :

Excel and PDF

Industry : Advanced Materials

Market Challenges And Opportunities

Global Optical Coatings Market: Restraints

Growing environmental concerns and not meeting durability standards

Increasing environmental concerns due to growing electronic waste such as desktops, smartphones, mobile phones, laptops, and other optically coated devices are expected to hinder the market growth.

Some of the requirements for a coating include the windscreen wiper test, environmental durability requirements, the laser-induced damage threshold (LIDT), and the laser damage threshold (LDT). Specifications for the optical coatings' environmental durability are also included in these specifications, along with test conditions. Manufacturer of optical coatings find it challenging to adhere to environmental durability standards because of these factors.

Global Optical Coatings Market: Opportunity

Consumer adopting smart televisions

Increasing adoption of smart televisions among consumer due to the improving lifestyle and increasing disposable income of the consumers. The growing trend of wearing smart watches among young population is also expected to drive the market growth. Growing semiconductor industry, coupled with the technological advancements are further expected to drive the market growth of optical coatings.