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Optical Coating Equipment Market : Global Distributors, Traders and Dealers Marketing Channel Future Trend & Size Prediction to 2023

02-12-2020 01:50 PM CET | IT, New Media & Software

Press release from: allied market research

Optical Coating Equipment Market : Global Distributors,

The increase in scope of application for materials science and engineering across different industry verticals is expected to drive the demand for optical coating equipment. Also, the advancement in fabrication technology for applying thin-film optical coating has profound influence over the market growth and is subsequently the technological advancement is also expected to drive the market growth.

The optical coating equipment market was valued at $3,402 million in 2016 and is projected to reach $4,611 million by 2023, growing at a CAGR of 4.6% from 2017 to 2023. Asia-Pacific is expected to be the leading contributor to the global optical coating equipment market, followed by Europe and North America.

The electronics segment is expected to grow at the fastest CAGR of 5.21% owing to an increase in demand for consumer electronics globally. Moreover, the medical and automotive end-users in the optical coating equipment market is also expected to generate attractive business opportunities during the forecast period (2017-2023).

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North America accounted for the major share of the global optical coating equipment market in 2016 owing to the increase in demand from the military and aerospace industry. However, Asia-Pacific is estimated to grow at the highest rate followed by Europe due to rising demand from consumer electronics and automotive industries.

KEY FINDINGS OF THE STUDY

o In 2016, the evaporation deposition accounted for the maximum revenue and is projected to grow at a notable CAGR of 4.00% during the forecast period.
o The ion beam sputtering segment accounted for around 31.8% in the optical coating equipment market in 2016.
o Germany and France are the major shareholders in the market, accounting for more than 49.6% share in 2016.

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The key players profiled in the optical coating equipment market include Andersen Corporation, Alluxa Inc., Bhler Holding AG, Coburn Technologies Inc., DuPont, Mastang Vacuum Systems LLC, Optimax Systems Inc., Optorun Co. Ltd., Optotech GmbH, Satisloh AG, and Ultra Optics. Market players have adopted various strategies such as product launch, collaboration & partnership, and acquisition to expand their foothold in the market.

In 2016, the evaporation deposition, accounted for the maximum revenue share in the overall optical coating equipment market by technology owing to their lower cost of operations and large production capabilities.

Access Full Report:https://www.alliedmarketresearch.com/optical-coating-equipment-market

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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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