GLOBAL AUTOMOTIVE OPTICAL COATINGS MARKET

INTRODUCTION

Numerous thin-film layers fuse to form an optical coating, which creates an interference effect and improves the optical system's transmission or reflection qualities.

Over the forecast period, the market is likely to be driven by recent technological developments in the field of optical deposition processes and fabrication, as well as increased demand for efficient optical devices in end-use applications.

Optical coatings are becoming more common in a variety of fields, including architecture, consumer electronics, solar panels, automotive, medical, telecommunications, and military and defense.

GLOBAL AUTOMOTIVE OPTICAL COATINGS MARKET DEVELOPMENTS AND INNOVATIONS

Short-term market demand is expected to be limited due to international trade limitations and lockdown rules on the chemical industry's operations. Due to business shutdown laws, social distancing conventions, and reduced municipal and state government office activity, optical coating businesses were impacted in 2020.

The aerospace and defense industries, which is one of the greatest end-users of optical coatings, was particularly affected by COVID-19. However, the producers' requirement for a lot of time and effort to make optical coatings, as well as capital-intensive manufacturing procedures and fluctuating raw material prices, could stifle this progress.

The use of optical coatings in solar applications is predicted to rise as a result of government policies such as incentives and subsidies to support the development of alternative energy sources.

COMPETITIVE LANDSCAPE

Over the forthcoming years, demand for reflective coatings is likely to be driven by the increased use of reflective coatings in green buildings for heat retention and reduced energy use.

Furthermore, rising demand for portable consumer electronics, combined with increasing use of handheld consoles, is likely to drive market expansion throughout the forecast period. Although metal prices have been on the decline in recent years, price fluctuations might have a negative impact on industry growth. 

Thorlabs Inc. is a leading mobiliser of the equipment in the market. The latest integration has been the Ion-Beam Assisted Deposition (IAD) uses the same E-beam process to evaporate coating materials, but with the addition of an ion source to facilitate material nucleation and growth at lower temperatures (20 - 100 °C).

Temperature-sensitive substrates can be coated using the ion source. In both wet and dry environments, this method produces a denser covering that is less sensitive to spectral shifting. The Ion Beam Sputtering (IBS) deposition chamber is the newest addition to our coating equipment.

Jenoptik is part of the component manufacture trending companies in the current industry. The Fading channels and bandpass filters, edge filters, antireflection coatings, and high-reflection compounds are all examples of high-reflection coatings.

They span in wavelength from deep ultraviolet (DUV) to far infrared (FIR) (FIR). High-precision optical components can have their reflection increased or decreased by coatings. Antireflection coatings from Jenoptik, on the other hand, protect surfaces from scratches and grime while also improving the resistance of polymer optics.