PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402561
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402561
Global anti-reflective coatings market was valued at US$ 5.7 Bn in 2023, exhibiting a CAGR of 10.5% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 11.5 Bn by 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 5.7 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 10.50% | 2030 Value Projection: | US$ 11.5 Bn |
Anti-reflective coatings are applied on lens surfaces and optical elements for reducing the reflection which in turn improves efficiency of less light in due to reflection. In addition to this, anti-reflective coatings are also utilized in spectacle lenses to aid in eye contact and reduce the glint from a viewer's sight. Owing to their multi-functional properties, anti-reflective coatings find their application in various end-user industries such as eyewear, electronics, automobiles, solar panels, and telecommunications.
The global anti-reflective coatings market has witnessed significant growth in recent past years, owing to the rising usage of advanced coating processes such as ion beam sputtering, ion-assisted deposition, and advanced plasma reactive sputtering to achieve higher precision in the deposition. These advancements have led to an increase in demand for anti-reflective coatings in applications such as telescopes, military & defense, and aerospace, which is expected to foster market growth during the forecast period.
The global anti-reflective coatings market is divided into single layered and multi layered segments based on layer type. Due to the narrow range of visible wavelengths covered, the single layered segment has dominated the market share of the global anti-reflective coatings market in 2020. Its dominance is mostly due to its reduced cost as compared to coatings with multiple layers, as well as to its equivalent hardness and endurance.
Major players in the global next-generation packaging market are increasing their investment in innovative product launchings, research & development, and marketing & promotional activities to capitalize on emerging trends in various end-use industries such as electronics, automotive, fashion, healthcare, and others. This scenario is expected to fuel the market during the forecast period.
Browse 45 market data tables* and 30 figures* on "Global Anti-Reflective Coatings Market" - global forecast to 2030.