Optical Coatings: Technologies and Global Markets
March 06, 2012
Wellesley, Mass. – According to a new technical market research report, OPTICAL COATINGS: TECHNOLOGIES AND GLOBAL MARKETS (SMC030E) from BCC Research (www.bccresearch.com), the global market for optical coatings was valued at nearly $6.7 billion in 2011 and is expected to increase to $10.1 billion in 2016, a five-year compound annual growth rate (CAGR) of 8.8%.
The optical coatings market can be broken down into two main segments: consumer and commercial.
The consumer segment accounted for $3.4 billion in 2011 and is expected to increase at a CAGR of 6.2% to reach $4.6 billion in 2016.
The commercial segment accounted for $3.2 billion in 2011 and is expected to increase at a CAGR of 11.3% to reach $5.5 billion in 2016.
Coatings are a mature technology used as a value-added feature in many applications. Growth in coatings is directly linked to the expansion of optics into new applications. As flat-screens and view screens are added to products such as smart phones and vehicle cabins, the demand for coatings increases.
Innovation is critical for revenue growth in the coatings industry. The markets with the highest margins and fastest growth for coatings are new applications, where coatings offer a new advantage, and areas where the coating designer and processor may have an advantage. Mass production of devices drives down prices and trims margins.
This report will be most useful to investors and project managers, market managers, management consultants, materials suppliers, venture capital managers, and strategic planners so they can share in the overall optical coating technology growth as projected in this report.
Optical Coatings: Technologies and Global Markets( SMC030E )
Publish Date: Mar 2012
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.
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