The market for Liquid Crystal Tunable Filter Market is expected to reach US$ XX Bn in 2027.
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. The rise in demand for tunable filters and the wide application of liquid crystal tunable filters are the major growth factors for the market. Furthermore, liquid crystal tunable filters are being used in biomedicine, remote application, and other industries due to various benefits of these filters, such as good image quality, low cost, quick tenability, and controllability. In addition, these filters are extensively used in different imaging systems, such as hyper-spectral imaging systems, which helps the market grow. As a result, we expect the market to grow at a rapid pace throughout the forecast period.
The liquid crystal tunable filter market by wavelength type is led by the visible (VIS) – 400 to 700 nm segment. The Segment accounted for more than 50% of the market share owing to the rising adoption of liquid crystal tunable filters in hyper-spectral and machine vision applications. A visible (VIS) 400 to 700 nm liquid crystal tunable filter is used in hyper spectral imaging systems to acquire different spectral elements of scenes. Further, due to the wide application of these filters in the spectral imaging system, the visible Segment to continue leading the market throughout the forecast period.
North America led the liquid crystal tunable filter market, accounting for more than 30% of the market share worldwide in 2018. Growing demand for semiconductor process control equipment 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 the rising tunable filters market and huge technology investments. As a result of the aforementioned factors, Asia Pacific will be the fastest-growing Segment throughout the forecast period.
Some of the prominent players operating in the liquid crystal tunable filter market are Channel Systems, Inc., Perkinelmer, Inc., Thorlabs, Inc., Santec Corporation, Kent Optronics, Inc., Semrock, Inc., Meadowlark Optics, Inc., ChemImage Corporation, A.A. Opto Electronic, EXFO Corporation, among others.
This research report presents the analysis of each Segment from 2017 to 2027, considering 2018as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective Segment calculated for the forecast period from 2019 to 2027.
The liquid crystal tunable filter market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global liquid crystal tunable filter market based on wavelength type, application, and geography.
The market for Liquid Crystal Tunable Filter Market is expected to reach US$ XX Bn in 2027.
The Liquid Crystal Tunable Filter Market is expected to see significant CAGR growth over the coming years, at 9.8%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Channel Systems, Inc., Perkinelmer Inc., Thorlabs, Inc., Santec Corporation, Kent Optronics Inc., Semrock Inc. are some of the major players in the global market.