South Korea Optical Coating Market Size & Outlook
South Korea optical coating market, 2016-2028 (US$M)
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South Korea optical coating market highlights
- The South Korea optical coating market generated a revenue of USD 1,132.9 million in 2021 and is expected to reach USD 2,306.4 million by 2028.
- The South Korea market is expected to grow at a CAGR of 10.7% 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 1,132.9 million |
| Market revenue in 2028 | USD 2,306.4 million |
| Growth rate | 10.7% (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, South Korea accounted for 6.7% 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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South Korea 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 27.64% in 2021. Horizon Databook has segmented the South Korea 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.
The unprecedented growth of the country in information communication technology has been creating new opportunities for exporters. South Korea has potential demand for industrial software solutions to support its manufacturing base especially in automotive, aerospace, machinery and electronics sector.
South Korea is developing ICT based industry and society; this is expected to drive the market demand. In addition, South Korea is the leading hardware manufacturer. Moreover, the country has four main ICT products, electronic application devices, semiconductors, flat-panel displays and wireless connections are the 10 biggest exports of the country.
South Korea is planning to create new markets by applying new software technologies and services to diverse industries. The creative economy strategy is mainly focusing on increasing the effectiveness and competitiveness of the existing industries by promoting the use of ICT in robotics and advanced artificial intelligence.
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Our clientele includes a mix of optical coating market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea optical coating market , including forecasts for subscribers. This country databook contains high-level insights into South Korea optical coating market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea optical coating market size, by product, 2016-2028 (US$M)
South Korea Optical Coating Market Outlook Share, 2021 & 2028 (US$M)
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