According to the latest report by IMARC Group, titled “Anti-reflective Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global anti-reflective coatings market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.Covid-19 Impact:
The global anti-reflective coatings market size reached US$ 83.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 247.5 Billion by 2028, exhibiting a growth rate (CAGR) of 19.5% during 2023-2028.
Note-We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Anti-reflective coatings are optical coatings used to minimize reflections from the optical surface. They enhance visibility and contrast in common imaging systems and sophisticated systems such as telescopes and solar panels. They effectively improve the surface transmittance of the lens, offer a clear view of eyewear, and are scratch, water, and dust resistant. Currently, anti-reflective coatings find extensive applications in manufacturing eyeglasses, touch screens in electronic devices, flat panel displays, and smartphone displays across the globe.
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What are the major market drivers in the Anti-Reflective Market?
The global anti-reflective coatings market is primarily driven by the rising product utilization in the eyewear and photovoltaic industry. Moreover, the increasing production of vehicles with advanced features, such as windshields, global positioning system (GPS) displays, and dashboards, is positively influencing the market growth. Besides this, the rising product demand from the healthcare industry for use in scientific and medical screen displays is contributing to the market growth. Furthermore, the increasing applications of anti-reflective coatings on solar panel glasses to reduce light reflection and deliver better light transmission has catalyzed market growth.
Apart from this, the surging adoption of anti-reflective coatings in numerous end use industries, such as solar, eyewear, automotive, construction, and telecommunication, to improve light throughput, minimize stray light, and reduce back reflections is propelling the market growth. Other factors, including the rising prevalence of vision impairment, inflating consumer disposable incomes, technological advancements, and changing consumer lifestyles, are also anticipated to drive the market further, and changing consumer lifestyles, are also anticipated to drive the market further.
For the competitor segment, the report includes global key players of the Anti-reflective Coatings Market.
The report has been segmented the market into following categories:
Breakup by Technology:
Breakup by Layer Type:
Breakup by Application:
Breakup by End-Use Sector:
Based on the end-use sector, the report finds that the utility sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.
Key Questions Answered in the Global Anti-reflective Coatings Market Report
• How has the global Anti-reflective Coatings industry performed in the past and how will it perform in the near future?
• What is the impact of COVID-19 on the global Anti-reflective Coatings market?
• What are the key regions in the global Anti-reflective Coatings industry?
• What are the major driving factors and challenges in the global Anti-reflective Coatings market?
• What is the structure of the global Anti-reflective Coatings industry and who are the leading players?
• What is the degree of competition in the market?
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