Radiant Insights, IncThe global anti reflective (AR) coatings market is predicted to grow at phenomenal CAGR during the forecast period (2018 to 2025), according to a report available on Radiant Insights, Inc.
The global anti reflective (AR) coatings market is predicted to grow at phenomenal CAGR during the forecast period (2018 to 2025), according to a report available on Radiant Insights, Inc. Growing requirement for dielectric coatings that can reduce reflection and increase transmittance through any optical surface can influence demand for anti-reflective coatings. These coatings can control both reflection and transmission properties with respect to visible light, ultra violet (UV) rays, and near-IR spectral bands.
Increasing use of solar panels to generate clean energy is anticipated to propel growth of market in the forthcoming years. High demand for sunglasses offering protection from harmful UV rays can augment demand for anti reflective coatings. Increasing use of such coatings in medical or scientific screen displays coupled with rising healthcare investments in developing countries can impel growth of market during the forecast period (2018 to 2025).
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To cater to rising demand for anti reflective coatings, most companies are focusing on R&D activities to develop innovative products. For instance, OmniVision Technologies recently launched its high definition (HD) medical CMOS image sensor named OV2741. The device is likely to offer phenomenal image quality and 1080p full HD resolution in compact chip-scale package. In addition, it can offer broadband double anti reflective coating on its cover glass that can eliminate ghosting, glare, and reflections owing to strong illumination.
In another instance, Sharp Energy Solutions recently introduced its new high performance polycrystalline photovoltaic (PV) module that can reach module efficiency of 16.8%. This advanced module is likely to offer low-iron solar glass with anti reflective coating that can increase light absorption. Increase in absorption of light by this PV module can support generation of more clean energy from same surface area.
The anti reflective coatings market can be segregated on the basis of type, end-users, and region.
Based on type, the market can be categorized into sputtering, electron beam evaporation, and others.
Based on end-users, the antireflective coatings market can be classified into electronics, solar, automotive, eyewear, and others. Eyewear segment is expected to account for largest market share attributed to rising demand for high light transmitting glasses and lenses. Such products are likely to offer maximum comfort level by reducing bright sunlight glare and eliminating unwanted reflections. In addition, eyewear coated with anti reflective coating can enhance visibility and offer better night driving experience.
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On the contrary, electronics segment can witness significant growth during the forecast period attributed to high demand for flat display screens with anti reflective coating.
Regional segmentation includes United States, Japan, India, Southeast Asia, China, and Europe. In recent years, United States accounted for maximum market share and is expected to grow at similar pace in upcoming years. High demand for innovative anti reflective coatings in smartphones, tablets, and cameras can influence market growth in the region. In addition, rising cases of vision correction disorders attributed to changing consumer lifestyle can impel growth of market in the region.
In China, India, and Europe, the market is anticipated to witness significant growth during the forecast period attributed to favorable government policies towards installation of solar power systems. Companies adopting solar systems to generate clean energy are likely to get subsidies from local government to counter global warming, energy crisis, and pollution. In addition, growing adoption of touchscreen infotainment systems coated with anti reflective coatings in vehicles can augment market growth. Moreover, increasing use of anti reflective coatings on car’s windshield and side glasses can influence market growth in these regions.
Some of the leading companies offering anti reflective coatings are GF Health Products, Inc.; Stryker Corporation; Invacare; Hoya Corporation; and Janos Technologies.
Browse reports of similar category available with Radiant Insights, Inc.:
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• Specialty Carbon Black Market:- https://www.radiantinsights.com/research/global-specialty-carbon-black-market-professional-survey-report-2018
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