Optical Coating Market Size, Share & Trends Analysis Report By Technology, By Product (Reflective Coatings, Filter Coatings), By Application (Solar), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the optical coating market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for optical coating market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of optical coating market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Optical Coating Market Categorization:

The optical coating market was categorized into Four segments, namely Technology (Vacuum Deposition Technolog, E-beam Evaporation Technolog, Sputtering Proces, Ion-Assisted, Deposition (IAD) Technology), Product (Anti-reflective Coating, Reflective Coating, Filter Coating, Conductive Coating, Electrochromic Coating), Application (Consumer Electronics, Solar, Medical, Architecture, Aerospace & Defense Automotive, Telecommunication), Regional (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The optical coating market was segmented into technology, product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The optical coating market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-eight countries, namely, the U.S., Canada, Mexico, Germany, France, Italy, Spain, the UK, Netherlands, Poland, Norway, China, Japan, South Korea, India, Singapore, Malaysia, Australia, Thailand, New Zealand, Brazil, Argentina, Columbia, Saudi Arabia, South Africa, UAE, Qatar, Egypt.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Optical coating market companies & financials:

The optical coating market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Alluxa, Inc. ,Alluxa was incorporated in 2007 and is headquartered in the U.S. The company primarily manufactures optical filters and thin-film coatings. It offers several products, including bandpass filters, ultra-narrow bandpass filters, notch filters, dichroic filters, dielectric mirrors, and soft coating replacement filters. Narrowband filters are used as laser excitation filters in applications such as DNA sequencing, fluorescence microscopy, and flow cytometry. Furthermore, the firm indulges in custom and OEM optical filter development for non-standard spectral shapes, tunable filters, and unusual coating materials. The company uses SIRRUS plasma deposition process to hard coat the optical interference filters and HELIX spectral analysis system for tracing filter edges. It caters to several industries, including telecommunications, biotechnology, chemical engineering, remote sensing, and robotics. The company is ISO 9001:2015 certified and ITAR registered manufacturer. Standard Alluxa products comply with the RoHS2 EU Directive 2011/65/EU. The firm holds a manufacturing facility in California, U.S. with 24 deposition chambers fabricating in-house substrates.

• Cascade Optical Corporation , Cascade Optical Corporation was incorporated in 1975 and is headquartered in the U.S. The privately owned company majorly manufactures custom vacuum-deposited thin-film coatings. Low stress, low temperature, and ion-assisted deposition coatings are applied in fiber optics and laser crystal production. Furthermore, the company offers metal coatings, electrically conductive thin films, plano optical fabrication, and several other equipment & facilities such as Class 100 & 10 clean rooms and laser/environmental test lab. The firm has a 21,000-square-foot production facility in California, U.S.

• Chroma Technology Corp. , Chroma Technology Corp., incorporated in 1991 and headquartered in the U.S. is mainly involved in producing optical filters, optical filter sets and accessories. The company offers products such as single bandpass & single edge filters, multi bandpass & multi dichroic filters, and fluorescence application-based filters such as excitation filters, emission filters & dichroic beam splitters through its optical filter segment. The visual filter set segment offers type-based filters such as band pass, long pass, short pass, bright field, & single band exciters/multi band emitter and application-based sets such as FISH, TIRF, FRET, ratio metric. The filter accessories segment includes cubes, sliders, rings, and diagnostic slides for determining the illumination consistency of excitation light in a fluorescence microscope. The company's products find application in several fields including industrial imaging/detection, scientific, photonics, and biomedical. Furthermore, the fluorescence applications include fluorescence microscopy, flow cytometry, microplate readers, semiconductor fabrication/inspection, semiconductor fabrication/inspection, surgical devices, and others. The photonics applications include machine vision, environmental monitoring, multivariate optical elements, remote sensing, and aerospace and space exploration. The company also engages in quality control processes such as measuring spectral performance of filters and automating the filter inspection process. It also offers thin film optical coatings and sputtered oxidedielectric interference coatings. The firm has sales and support offices in Germany, China, and Japan. The company had a staff strength of over 100 employees as of December 2019.

• Inrad Optics , Inrad Optics, incorporated in 1973 and headquartered in the U.S. is a publicly traded, vertically integrated company manufacturing fabricated high precision glass, crystalline materials, and metal optical devices & components used in lasers and light-based systems. It offers nonlinear crystals, X-ray imaging crystals, UV filter crystals, electro-optics assemblies, large transmission flats, and custom optics. The firm caters to several industries, including aerospace & defense, process control & metrology, laser system market, universities & national labs. With over 40% of the company's revenue in 2019, the process control and metrology segment generated the most revenue. In addition, the company's product range is used in various fields, including laser systems, military gear, telecommunication systems, and semiconductor equipment. The company is ISO-9001 certified and ITAR registered manufacturer.

• Optical Coatings Japan , As a leading manufacturer, designer, and marketer of thin film-coated optical products, Optical Coatings Japan was founded in 1960 and is headquartered in Tokyo. Its product portfolio includes interference filters, IR filters, laser mirrors, beam splitters, cold mirrors and filters, neutral density filters, dichroic filters, antireflection coating, metal coating, and diamond-like carbon coating. These products find application in industrial machinery, lighting systems, space development, medical science and biotechnology, filter application, optical communication, fluorescence analysis, and LCD projectors. The company is a wholly-owned subsidiary of Asahi Glass Co. Ltd. (Japan). The company had employee strength of approximately 150 people as of 2019.

• PPG Industries Inc. , PPG Industries, founded in 1883 and headquartered in the U.S. is involved in design, manufacturing and sales of automotive coatings, automotive refinishes, industrial coatings, protective & marine coatings, fiber glass, optical coatings and flat glass. It serves various industries including aerospace, marine, optics, manufacturing, transportation and construction. The company has a global presence with 156 manufacturing facilities in the U.S., MEA, LATAM, and Asia Pacific. The company has four research facilities located in the U.S. operations in nearly 70 countries worldwide. The company's optical division manufactures lens material, monomers, and optical coatings. The company had employee strength of over 46,900 people as of December 2019

• Viavi Solutions , Viavi Solutions, founded in 1979 and headquartered in the U.S., primarily operates through two business segments: Network and Service Enablement (NSE) and Optical Security and Performance (OSP). The network and service enablement segment offers fiber optic tests and measurements for determining network performance. This segment serves network installers, network equipment manufacturers, communications service providers; cloud providers, military, aerospace, and government. The OSP division manufactures optical filters, spectrometers, security pigments, and thread substrates. It also provides custom color solutions and brand protection solutions. Furthermore, the optical filters product portfolio includes light sensors filter, linear variable filters, large scale optics and 3D sensing filters. The company serves healthcare, automotive, aerospace, anti-counterfeiting, and consumer electronics industries. The company has 60 offices and employs over 3,600 personnel worldwide.

• Schott AG , Schott AG founded in 1884 is a German manufacturer of specialty glass and glass ceramics. Carl Zeiss Foundation owns the company and serves various industries, including automotive, optics, electronics, home appliances, aviation, and pharmaceutical. It operates various business segments including advanced optics, electronic packaging, home technology, flat glass, tubing, lighting & imaging and pharmaceuticals.The advanced optics business segment operates within optical industries segment. The product portfolio includes glass products, glass components and special material which find application in optics, astronomy, optoelectronics, lithography, life sciences, architecture and research. The company has its manufacturing facilities and sales offices spread over 34 countries. The company has research and technical support centers in Europe, the U.S. and Asia Pacific. It employs over 16,500 personnel worldwide.

• Abrisa Technologies, Abrisa Technologies, founded in 1980 and headquartered in the U.S., is involved in designing, manufacturing, and marketing specialty glass, precision glass optics, and thin film glass coatings. It also manufactures custom glass fabricated optical products. Its product portfolio includes anti-reflective coatings, transparent conductive coatings, heat control coatings, UV filters, dichroic & color correction filters, wavelength selection, IR, and beam splitters. The firm caters to demand from defense & aviation, semicon & micro-electronics, medical & biomedical, information displays, photonics & electrooptics, and lighting & entertainment industries. It has two manufacturing facilities: Abrisa Industrial Glass and ZC&R Coatings for optics. The 100,000+ square facility industrial glass facility offers industrial flat glass manufacturing, and services including CNC machining, screen-printing, etching, cutting & edging, and glass strengthening. The 21,000 square feet ZC&R coatings facility provides OEM precision and custom coating solutions for optical thin film products. The company is ISO - 9001 certified and ITAR registered manufacturer.

• Berliner Glas ,Berliner Glas, incorporated in 1952 and headquartered in Germany, is primarily engaged in designing and developing optical systems and manufacturing technology. The company operates its business through four segments: medical technology, laser technology, space, and semiconductor. The products offered under the semiconductor segment find application in lithography, inspection, wafer bonding, and wafer handling. The medical technology segment product portfolio includes camera modules, light source modules, 3D scanners, lasers, spectrometers, endoscopes, and others. The company offers products and services including laser material processing, laser annealing & laser lift-off, and fiber optics for light guides in high-performance transfer under its laser technology segment. Berliner Glas’s space technology segment provides optical systems for Laser Communication in Space, Optical Measurement Equipment for Space Applications (OGSE), and high-performance mirrors for use in space. Berliner Glas Group is the parent company of Berliner Glas, Berliner Glas Technical Glas and SwissOptic AG. The firm acquired Prinz Optics GmbH, Germany in 2005 to enter in optical coatings market. The company comprises a 31.780-meter square production area and three key export partners, including the U.S., Asia, and Europe. It had an employee strength of over 1,158 people as of December 2020.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Optical Coating Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Optical Coating Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.