Singapore Optical Coating Market Size & Outlook, 2021-2028
Singapore optical coating market, 2016-2028 (US$M)
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Singapore optical coating market highlights
- The Singapore optical coating market generated a revenue of USD 158.6 million in 2021 and is expected to reach USD 321.4 million by 2028.
- The Singapore market is expected to grow at a CAGR of 10.6% 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.
Optical coating market data book summary
| Market revenue in 2021 | USD 158.6 million |
| Market revenue in 2028 | USD 321.4 million |
| Growth rate | 10.6% (CAGR from 2021 to 2028) |
| Largest segment | Anti-reflective coatings |
| Fastest growing segment | Reflective Coatings |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Singapore accounted for 0.9% of the global optical coating market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China optical coating market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,243.4 million by 2028.
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Optical Coating Market Scope
Optical Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore 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 27.87% in 2021. Horizon Databook has segmented the Singapore 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.
Increased development of new technology products such as ultra-high definition televisions, unmanned systems such as unmanned aerial vehicles, home robots, internet protocol cameras, wearables including smartwatch, fitness devices etc. is expected to drive the market.
In addition, many electronic manufacturing services company including Solectron, Flextronics International, LTD., etc. are located in the country, due to which Singapore is becoming an attractive base for high value-added production activities.
The growing demand for medical & surgical equipment owing to the construction of a large number of new hospitals & multi-specialty centers in the country is expected to drive optical coatings market demand over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore optical coating market , including forecasts for subscribers. This country databook contains high-level insights into Singapore optical coating market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Singapore optical coating market size, by product, 2016-2028 (US$M)
Singapore Optical Coating Market Outlook Share, 2021 & 2028 (US$M)
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