Research and Markets has declared that a new report titled ‘Global Optical Coatings Market 2011-2014’ has been added to its offering.
Owing to the growing demand for innovative coatings, the global optical coatings market will expand, representing growth in various segments. However, this market growth has been challenged by stringent environmental regulations.
According to an analyst from TechNavio's Hardware team, the global optical coatings market is being developed as the market value for incandescent bulb, a conventional household lighting product, has been hampered. The demand for incandescent bulbs has been reduced due to the advancements in technologies and the emergence of new efficiency standards. As optical coatings technology has began to replace the incandescent lighting with its new array of lighting options, the high-end products are in great demand. One of the important factors driving the global optical coatings market is the replacement of incandescent bulbs with other lighting options.
The report states that vendors involved in this market will continue to advance in effective manufacturing processes. The vendors, based on the manufacturing innovation, are able to fix lower costs for their product, compared to the industry standards. Furthermore, consistent innovation and investment will allow vendors to have better competitive advantage, benefiting customers with a more committed and quality service.
The report elucidates the major challenges such as stringent environmental regulations, faced by this market.
Key vendors of this market are Fosta-Tek Optics, JDS Uniphase, Photonic Products Group and Andover.
Source: http://www.researchandmarkets.com/