Filter Coatings Market size will see noticeable growth over 2023-2032, due to its expanding applications in advanced optical communication systems.
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 used for improving the reflection, performance, transmission, and polarization characteristics of optical components at a particular angle of incidence as well as the polarization of light. In the coming years, industry development will be fueled by the increasing supply of thin-film lens filter coatings for usage in the military and defense sectors.
One of the factors boosting the filter coatings market is the rising consumption of consumer devices which was influenced by the need to stay connected during the coronavirus pandemic. The adoption of light filter coating on electronic device screens, such as laptops, may push the industry share. Given the usage of infrared filters for remote sensing among other military requirements, the growth in military spending will result in prospects for market expansion.
On the basis of product, the anti-reflective coatings segment is expected to account for a substantial share in the filter coatings market. The benefits of using the product, which includes increased visual comfort and clarity, UV protection, and decreased exposure to blue light, among others, will fuel the market for anti-reflective coating filters.
Application-wise, the bandpass filter segment will generate sizable profits in the global market. Increasing smartphone penetration is expected to drove the uptake of this sort of filter as a signal transmitter in wireless communications systems. In 2021, as per studies, the number of US adults using mobile phones was 248 million, which is expected to reach 253.3 million by the end of 2023.
Regionally, North America filter coatings market is anticipated to generate profitable growth. This is due to the significant presence of top wireless telecom companies such as AT&T and the hospitable business environment for automakers in the United States. According to the data from Carsurance, in 2020, there were approximately 287.3 million registered vehicles in the nation. The most recent generation of active night vision systems, which are based on near-infrared light, require filters that are used in optical sensors and ultra-thin coatings.
Denton Vacuum LLC, Optical Coatings Japan, Abrisa Technologies, PPG Industries, Ophir Optronics, Ltd. (MKS Instruments), JDSU (VIAVI Solutions), Inrad Optics, 3M Precision Optics, and Janos Technology Inc. (Fluke Corporation, Danaher Corporation) are a few of the major players in the global filter coatings market. These companies are using innovative partnerships, product launches, and acquisitions as some of their methods to increase their market share globally.
For instance, in 2022, MKS Instruments Inc., under which the company Ophir Optronics works, announced the launch of the Ophir SP504S Beam Profiling Camera. The product is used to measure large and divergent beams using the laser. Such product developments by market leaders are anticipated to influence market growth.