The optical instruments use several types of optical filters, which are applied with the special type of optical coatings, known as filter coatings.
Sarasota, FL -- (SBWIRE) -- 06/08/2017 -- Zion Market Research, the market research group announced the analysis report titled "Filter Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Filter Coatings Market: Overview
The optical instruments use several types of optical filters, which are applied with the special type of optical coatings, known as filter coatings. For example, Präzisions Glas & Optik GmbH has over 60 different SCHOTT filters, type of optical filter, in its stock. This wide filter program includes longpass filters, color filters, shortpass filters, optical density filters, bandpass filters, and conversion filters for a wide range of applications. The optical coatings encompass single or multiple layers of metallic, dielectric, and other similar materials that are heaped together according to the end-user application. The manufacturing of the optical devices mainly uses optical coatings to improve their transmission and reflection properties. Selective wavelengths of light are transmitted through a glass by using them which are applicable in bandpass filters, infrared filters, and dichroic filters.
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Filter Coatings Market: Segmentation
The filter coatings market can be segmented on the basis of applications, end-use industry, and region. On the basis of application, the global market is categorized into infrared filters, dichroic filters, and bandpass filters. Based on the end-use industry, the global market is classified into electronics, infrastructure, oil and gas, defense/security, solar, and others. Geographically, the market is diversified into Asia-Pacific, Europe, North America, and Rest of the World. The regions can be further sub-segmented into countries. In North America, countries such as Mexico, Canada, and the US are active in the market. Likely, in Europe, countries namely UK, Germany, France, and Russia; in Asia-Pacific countries such as India, China, South Korea, and Japan; and Brazil from South America.
Filter Coatings Market: Growth Factors
The second largest market segment of the optical coatings market is the filter coatings. There has been a rise in demand for bandpass filters, infrared filters, and dichroic filters from various industries across the globe, thus giving a boost to the global filter coatings market. Among them, infrared filter is the major application product. Infrared filters are used in applications such as flame detection, anesthetic gas monitoring, non-contact temperature measurement, gas detection, sleep apnea, gas monitoring, alcohol monitoring, and motion sensors. The global market is anticipated to grow in the coming years. Extensive research and new technologies are being used to provide the consumers with better filters which gives good performance at low cost. This increase in demand for filter coatings will impact the market positively.
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Filter Coatings Market: Regional Analysis
North America and Asia-Pacific are the regions that are having heavy demand for the filter coatings. North America is leading the market closely followed by Asia Pacific. The factors that are attributing to the market growth in these regions are growth in the sectors such as electronics, solar, and defense industry. In Asia, various countries are promoting the use of solar energy to save the conventional energy sources, which is increasing the market growth. A huge amount of money is spent on the defense by the countries such as China, the US, and India for security purposes. Europe is steadily improving in terms of filter coatings market development.
Filter Coatings Market: Competitive Players
Some of the major companies that are operating in the global filter coatings market are Denton Vacuum, Janos Technology Inc., ZEISS Group, PPG Industries, Inrad Optics, Newport Corporation, Optical Coatings Japan, II-VI Optical Systems, 3M Precision Optics, LLC, Ophir Optronics Ltd., JDSU, and Abrisa Technologies.
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Filter Coatings Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa