Global Optical Coating Equipment Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 5.0% during forecast period of 2019 to 2026.
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The technological innovations, an increase in production capacities, development strategies, and application segments are driving the global optical coating market. Rise in demand in camera lens, corrective lenses, solar cells, high-resolution displays in smartphones, tablets, e-readers are expected to boost the growth in the global optical coating market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Growth of optical coatings is mainly dependent on the growth of electronics, military and defence segments. Optical coatings plays an important role in dropping energy consumption and delivers effective cooling. Rise in demand for extremely flexible coating technologies from different end use industries like medical, mirror, food packaging, military & defense and aerospace is expected increase the demand for vacuum deposited optical coatings.