|By PR Newswire||
|April 3, 2014 09:24 AM EDT||
WELLESLEY, Massachusetts, April 3, 2014 /PRNewswire/ --
BCC Research (http://www.bccresearch.com) reveals in its new report, OPTICAL COATINGS: TECHNOLOGIES AND GLOBAL MARKETS, the global optical coatings market is expected to grow to nearly $13.9 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 8.8%. Commercial applications is the largest and fastest growing segment, with a significant CAGR of 12%.
Growth in optical coatings is directly linked to the expansion of optics into new applications and innovative new coatings to improve existing applications. The commercial category, which includes telecom, defense, architecture, medical, solar, transportation and industrial sectors, is expected to grow to $9.2 billion in 2018. The strong growth reflects a recovering construction industry in the Americas and healthy growth rates in lighting and machine vision applications, and automotive sensors.
The consumer category, comprising flat-screen TVs, computers, tablets, cell phones and eyeglass coatings, is projected to reach $4.68 billion by 2018, registering a steady 3.7% CAGR.
"As flat-screens and view screens are added to products such as smart phones and vehicle cabins, the demand for coatings increases," says BCC Research photonics analyst Lori Weisenbach Cornett. "Expanding use of energy-efficient low emissivity windows and increasing installation of solar panels increase coating demand as well."
OPTICAL COATINGS: TECHNOLOGIES AND GLOBAL MARKETS provides a comprehensive overview of the global optical coatings market. The report focuses primarily on the markets and opportunities for optical in the consumer electronics, solar, telecommunications, transportation, defense, and medical markets. It considers market conditions and opportunities in regional areas around the globe. In addition, it provides a standard five-year planning cycle and revenue estimates through 2018. It defines product segments for optical coating technology categories, analyzes technology options, and determines current application markets as well as likely future opportunities.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at [email protected].
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key competitors. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Our clients include the top companies in industries around the world as well as universities, business schools, start-ups, consulting firms and investment companies. BCC Research is a unit of Eli Research LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern time), or email [email protected].
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49-2 Walnut Park, Wellesley, MA 02481, Telephone: (+1) 781-489-7301; Email: [email protected] as the source and publisher. Thank you.
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SOURCE BCC Research LLC