Moth-Eye Anti-Reflective Coating Market Analysis and Size :
The Global Moth-Eye Anti Reflective Coating Market is currently valued at USD 7.8 billion in the year 2022 and is expected to register a CAGR of 6.4% over the forecast period, 2023-2031.
Anti-reflective coating agent reduces reflective light to allow more light that pass through the glass lens rather than bounce off of it. This helps in no reflections on the front or back surfaces of the lenses. The moth-eye pattern is a pattern of subwavelength “bumps”; that reduces reflection by creating an effective refractive index gradient between the air and the medium.
The moth-eye structure is one of the most effective nanostructures to reduce reflection. Moth-eye nanostructures can be patterned on surfaces to give them antireflection properties.
Segmentation :
The Moth Eye Anti-Reflective Coating Market is Segmented
By Type
- High Reflectivity
- Low Reflectivity
By Application
- Medical Equipment
- Communication Equipment
- Traffic Signal Equipment
Geography
- North America
- Europe
- Asia-Pacific
- Middle East
- Africa
- South America
The report offers the value (in USD million) for the above segments.
Driver & Restraints :
Increasing Demand for LEDs, Solar Panels and Display Panels
Protection windows or lenses for outdoor white LED lighting generate high optical losses. Moth-eye structures elaborated by plasma etching offer a simple and low-cost way for conferring broadband antireflective properties to protection optics.
The rising trend of smart lighting systems, which smartphones and other smart devices can control, has also contributed to the growing demand for LED lights. As a result, the demand for moth-eye anti-reflective coating agents is rapidly growing, thereby contributing to the growth of the studied market.
Further, the launch of new products is contributing to the studied market growth. For instance, in May 2023, President Recep Tayyip Erdoğan officially inaugurated Europe’s biggest solar power plant built on a single site and one of the five largest in the world. The anti-moth coatings materials are applied on the protective glasses or directly onto the front surface of the solar panels, thus the launch of such products is contributing to the studied market’s growth.
Moth-Eye Anti-Reflective Coating Market Rapidly Growing Demand for Lens
As per the study published in the Digital Medicine and Healthcare Technology journal in November 2022, the shift from the physical to the virtual world in recent years has led to an increase in complaints of digital eye strain. Furthermore, several companies in the United States have been playing major roles in the spectacle lens market, accelerating the market's growth through numerous product launches and innovations. For instance, in March 2022, EssilorLuxottica and CooperCompanies finalized their joint venture agreement for SightGlass Vision.
Moth-Eye Anti-Reflective Coating Market Restraints High Cost of Coating Agents
Anti-reflective coatings are applied to all sorts of ophthalmic substrates (various plastics and glass materials), but the process and machinery required to reproduce these with any sort of uniformity time after time is where the cost comes from. As a result, the cost becomes quite high, thereby slowing down the growth of the studied market over the forecast period.
COVID-19 Impact on Moth-Eye Anti-Reflective Coating Market
The sudden outbreak of COVID-19 had a significant impact on the moth-eye anti-reflective market. During the initial days of the pandemic, lens and LED production experienced a significant decline, leading to a substantial loss in revenue for hospitals. For instance, an article published by NCBI reported that 21% decrease in lens production in May 2020 as compared to the previous year. However, as the pandemic progressed, there was an increase in demand for spectacle lenses due to the rise in screen time.
Segmental Analysis :
High Reflectivity Coating Agent is Expected to Witness Significant Growth Over the Forecast Period
Highly reflective (HR) coatings are used to minimize loss while reflecting lasers and other light sources. Absorption and scatter during reflection lead to decreased throughput and potential laser-induced damage. An article titled, “New Thermo-Reflective Coatings for Applications as a Layer of Heat Insulating Materials” published in July 2022, reported that thermo-reflective coatings show that the modification have the desired properties, such as self-extinguishing or anti-corrosive properties, did not change the most important functional properties of the coatings. Thus, such factors are driving the growth of the segment over the forecast period.
By Application Medical Equipment Segment is Expected to Witness Significant Growth Over the Forecast Period
The Moth anti-reflective coating agent is applied to medical devices as it offers experience and expertise to solve critical challenges facing today’s leading medical technologies. These coating agents offer biocompatible and biostable coating solutions for medical devices and components to ensure excellent moisture, chemical, and dielectric barrier protection. Additional low coefficient of friction options are available for applications where lubricity is important. Thus, the segment is expected to witness significant growth over the forecast period. North American Region is Expected to Witness Significant Growth Over the Forecast Period
The key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion in the region is expected to drive the growth of the studied market in the region.
Competitive Landscape :
The Moth Eye Anti Reflective Market is consolidated due to the presence of a few market players in this market segment. Some of the market players are
Key Players :
- Geomatec Co., Ltd.
- Xiongju Technology Co., Ltd.
- Jia Ya Technology., Ltd.
Recent Development
- In February 2023: A project at South Korea's Gwangju Institute of Science and Technology (GIST) studied a different part of the animal kingdom, designing an artificial vision system inspired by the eyes of cuttlefish. Bioinspired optical structures can offer novel approaches to light processing along with new imaging capabilities, expanding the palette of tools available to optics designers. Insects and related species have often provided the blueprints for these devices, with examples including the nanostructures based on the eyes of moths that can improve the anti-reflective properties of optical coatings, or the class of 3D camera partly inspired by the multiview vision of flies.
- In December 2020: Researchers at Tokyo University of Science developed an antireflective coating inspired by the biostructures in both eyes. Previous attempts at re-creating the antireflective structure, developed through years of evolution, yielded varying degrees of success; despite recent advances in nanoscience that allow the creation of such technology, barriers to scalability and manufacturing costs remain.
Frequently Asked Questions (FAQ) :
Q1. How big is the Moth-Eye Anti-Reflective Coating Market?
Q2. What is the Growth Rate of the Moth-Eye Anti-Reflective Coating Market?
Q3. What segments are covered in the Moth-Eye Anti-Reflective Coating Market Report?
Q4. Which Region is expected to hold the highest Market share?
Study Assumptions and Market Definition
Scope of the Study
RESEARCH METHODOLOGY
EXECUTIVE SUMMARY
MARKET DYNAMICS
Market Overview
Market Drivers
Rapidly Growing Demand For Lens
Increasing Demand for LEDs Solar Panels and Display Panels
Market Restraints
High Cost of Coating Agents
Porter's Five Force Analysis
Threat of New Entrants
Bargaining Power of Buyers/Consumers
Bargaining Power of Suppliers
Threat of Substitute Products
Intensity of Competitive Rivalry
MARKET SEGMENTATION (Market Size by Value - USD million)
By Type
High Reflectivity
Low Reflectivity
By Application
Medical Equipment
Communication Equipment
Traffic Signal Equipment
Car Equipment
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
COMPETITIVE LANDSCAPE
Company Profiles
Geomatec Co.,Ltd.
Xiongju Technology Co., Ltd.
Jia Ya Technology.,Ltd
MARKET OPPORTUNITIES AND FUTURE TRENDS
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
