Optical Coating Market supported by 5G network equipment demand
In 2023, the global optical coatings market was valued at approximately USD 20.20 billion. Projections indicate that this figure will surge to around USD 37.58 billion by 2030, reflecting a compound annual growth rate (CAGR) of about 9.2% during the 2024–2030 period. This robust expansion is propelled by advancements in optical deposition techniques and fabrication technologies, as well as growing demand for high-performance optical devices across a range of end-use sectors. North America dominated the market in 2023, capturing roughly 37.0% of total revenue. Within Asia Pacific, India emerged as the largest contributor to regional revenue. Among applications, consumer electronics accounted for the largest share—more than 31.0% of the market—while by product type, anti-reflective coatings led with over 29.0% of revenue. Key Market Trends & Insights Technological enhancements in deposition and fabrication methods are unlocking new possibilities for efficiency and precis...