"Increased Tunable Filters Market to Give Boost to the Liquid Crystal Tunable Filter Market"
The liquid crystal tunable filter market worldwide is expected to grow with a CAGR of 9.8% during the forecast period from 2019 to 2027, starting from 39.8 Mn in 2018. Rise in demand for tunable filters and wide application of liquid crystal tunable filters are the major growth factors for the market. Due to various benefits of these filters such as good image quality, low cost, quick tenability and controllability, liquid crystal tunable filters are being used in biomedicine, remote application and other industries. These filters are extensively being used in different imaging systems such as hyper- spectral imaging system, which helps the market to grow. As a result, we expect the market to grow with a rapid pace throughout the forecast period.
Market Synopsis
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Visible Segment Dominates the Market
The liquid crystal tunable filter market by wavelength type is led by visible (VIS) – 400 to 700 nm segment. The segment accounted for more than 50% of the market share owing to rising adoption of liquid crystal tunable filters in hyper-spectral and machine vision applications. To acquire different spectral elements of scenes, visible (VIS) 400 to 700 nm liquid crystal tunable filter is used in hyper- spectral imaging systems. Further, due to wide application of these filters in spectral imaging system the visible segment to continue lead the market throughout the forecast period.
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Asia Pacific to be the Fastest Growing Region
North America led the liquid crystal tunable filter market, accounted for more than 30% of the market share worldwide, in 2018. Growing demand for semiconductor process control equipment’s and rapid increase in R & D activities are the major growth factors for North America. On the other hand, Asia Pacific will be the fastest growing region owing to rising tunable filters market and huge investments for technology in the region. As a result of aforementioned factors, Asia Pacific will be the fastest growing segment throughout the forecast period.
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Some of the prominent players operating in the liquid crystal tunable filter market Channel Systems, Inc., Perkinelmer Inc., Thorlabs, Inc., Santec Corporation, Kent Optronics, Inc., Semrock, Inc., Meadowlark Optics, Inc. , ChemImage Corporation, AA Opto Electronic, EXFO Corporation, among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The liquid crystal tunable filter market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global liquid crystal tunable filter market based on wavelength type, application and geography.
Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Wavelength Type (2017–2027; US$ Mn)
• Visible (VIS)- 400 to 700 nm
• Near-infrared (NIR)– 780-2500 nm
|
|
Application (2017–2027; US$ Mn)
• Agriculture
• Medical
• Military
• Forensic
• Chemical Spectroscopy
• Semiconductor Process Control
• Others (Pharmaceutical, Archaeology & Art, etc.)
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of liquid crystal tunable filter in 2018 and forecast up to 2027?
- Which is the largest regional market for liquid crystal tunable filter?
- What are the major trends followed in overall liquid crystal tunable filter across different regions?
- Who are the key liquid crystal tunable filter companies leading the market?
- What are the key strategies adopted by the leading liquid crystal tunable filter companies in market?
Unique data points of this report
- Statistics on tunable filter worldwide
- Recent trends across different regions in terms of adoption of liquid crystal tunable filter across various applications
- Notable developments going on in liquid crystal tunable filter
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
