North America Optical Coating Market Size & Outlook
North America optical coating market, 2016-2028 (US$M)
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North America optical coating market highlights
- The North America optical coating market generated a revenue of USD 6,395.8 million in 2021.
- The market is expected to grow at a CAGR of 8.3% from 2022 to 2028.
- In terms of segment, anti-reflective coatings was the largest revenue generating product in 2021.
- Reflective Coatings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.
North America data book summary
| Market revenue in 2021 | USD 6,395.8 million |
| Market revenue in 2028 | USD 11,175.0 million |
| Growth rate | 8.3% (CAGR from 2021 to 2028) |
| Largest segment | Anti-reflective coatings |
| Fastest growing segment | Reflective Coatings |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Reflective Coatings, Reflective Coatings, Filter Coatings, Conductive Coatings, Electrochromic Coatings |
| Key market players worldwide | Cascades Inc, Inrad Optics Inc, Fujikura Ltd, PPG Industries Inc, Viavi Solutions Inc, Flat Glass Group Co Ltd Shs -H- Reg S, Berlinger & Co AG |
Other key industry trends
- In terms of revenue, North America region accounted for 37.6% of the global optical coating market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,585.2 million by 2028.
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Optical Coating Market Scope
Optical Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America optical coating market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to optical coating market will help companies and investors design strategic landscapes.
Anti-reflective coatings was the largest segment with a revenue share of 30.93% in 2021. Horizon Databook has segmented the North America optical coating market based on anti-reflective coatings, reflective coatings, filter coatings, conductive coatings, electrochromic coatings covering the revenue growth of each sub-segment from 2016 to 2028.
Growing solar industry in U.S and focus on developing domestic industries is driving this region. Increase in U.S defense budget is creating a strong growth potential for insulation products demand in aerospace & defense segment.
North America is a major manufacturing hub for mid-scale and small scale medical equipment industry which is expected to propel demand for optical coatings over the forecast period. In addition, strong presence of sub sector industries including instrumentation, microelectronics, biotechnology, software development and biotechnology lead to technological advancement in medical devices sector which ultimately leads to increased demand for optical coatings over the forecast period.
Rising demand for anti-reflective coatings in solar, laser, telecommunication and imaging sectors is expected to propel growth over the forecast period. Anti-reflective coatings are also being used increasingly for optical imaging in medical equipment in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America optical coating market , including forecasts for subscribers. This continent databook contains high-level insights into North America optical coating market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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North America optical coating market size, by country, 2016-2028 (US$M)
North America Optical Coating Market Outlook Share, 2021 & 2028 (US$M)
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