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Filter Coatings Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4052

Filter coatings market share is slated to expand commendably over 2022-2028. This is on account of the rising application scope of optical filter coatings in modern optical communication systems, given the capability of such filters to transmit a selected portion of the spectrum and reject other wavelengths. The increasing availability of thin-film lens filter coatings with anti-reflection and other innovative features for use in end-use industries like military and defense will also drive industry growth in the upcoming years.
 

An optical coating refers to thin layers of material that create an effect and interaction between optical components, such as mirror and lens, and light. This filter coating design is ideal for the enhancement of transmission, performance, reflection, and polarization properties of optical components for a specific angle of incidence as well as polarization of light.
 

Mounting consumption of consumer electronics to remain connected during the coronavirus pandemic is one of the factors augmenting the filter coatings market trends through 2022-2028. As per the data from the CTA (Consumer Technology Association), the retail sales of consumer electronics in the U.S. were expected to grow 4.3% in 2021. This factor could drive the industry share, given the use of light filter coating on displays of electronic devices such as laptops. In addition, the significant increase in military spending will also generate opportunities for market expansion, considering the adoption of infrared filters in remote sensing and other military applications.
 

Based on product type, the anti-reflective coatings segment is anticipated to hold a considerable share in the filter coatings industry by 2028. The demand for anti-reflective coating filters will be driven by the usage advantages of the product, including improved visual comfort and clarity, UV protection, and reduced blue light exposure, among others.
 

With regards to application, the bandpass filters segment will amass considerable profits over the years ahead. The segmental growth is owing to the increasing smartphone penetration, given the deployment of this type of filter as a signal transmitter in wireless communications systems.
 

From a regional perspective, the North America filter coatings market is set to register an appreciable revenue by 2028. This is on account of the robust presence of leading wireless telecom carriers like AT&T, alongside the favorable business landscape for automobile companies in the U.S. As per data from Carsurance.net, over 287.3 million cars were registered in the country by 2020 end. These factors could amplify industry share, as filters for optical sensors as well as ultra-thin high-performance coatings are essential for the latest generation of active night vision systems that are based on near-infrared light.
 

Key filter coatings industry players include Newport Corporation (MKS Instruments), Optical Coatings Japan, Inrad Optics, Abrisa Technologies, PPG Industries, JDSU (VIAVI Solutions), Ophir Optronics, Ltd. (MKS Instruments), Denton Vacuum LLC, Janos Technology Inc. (Fluke Corporation, Danaher Corporation), and 3M Precision Optics, among others. Innovative product launches, collaborations, and acquisitions are among the strategies being employed by these firms to expand their footprint in the global market.
 

COVID-19 to Influence Filter Coatings Market Trends:

Despite the unprecedented challenges posed by the novel coronavirus pandemic, the increasing reliance on solar energy amid the crises may assert a positive influence on the filter coatings industry. With more people continuing to stay home during the crisis, there has been a massive switch towards solar to save high energy costs. Such factors, alongside the significant launch of a new class of optical coatings to enhance the lifecycle of PV cells, could push the demand for filter coatings over the foreseeable future.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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