Optical Coating Equipment Market Growth, Analysis & Forecast by 2023 | by Material, Technology

According to a new report published by Allied Market Research, titled, Optical Coating Equipment by Material, Application and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023, the optical coating equipment market was valued at $3,402 million in 2016, and is projected to reach at $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.

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Optical Coating Equipment Market by Material (Reflective Coatings, Antireflective Coatings, Filter Coatings, Transparent Conductive Coatings, and Others), by Technology (Evaporation Deposition, Ion Beam Sputtering, and Advanced Plasma Reactive Sputtering), and by End-user Industry (Medical, Solar, Electronics, Telecommunications, Automotive, and Others)

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. However, the utilization of state-of-the art technology such as sputtering and ion deposition in the equipment has resulted in high costs of equipment installation and maintenance. Subsequently, is expected to hinder the market growth.

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Key Players

The key players operating in the global market are Alluxa Inc., Bühler Holding AG, Coburn Technologies Inc., DuPont, Mastang Vacuum Systems LLC, Optimax Systems Inc., Optorun Co. Ltd., Optotech GmbH, Satisloh AG, and Ultra Optics.

Key Benefits for Stakeholders

The study provides an in-depth analysis of the global optical coating equipment market and current & future trends to elucidate the imminent investment pockets.

Information about key drivers, restraints, and opportunities, and their impact analysis on the market is provided.

Porter’s Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.

The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.