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. 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.
Market Synopsis
The visible Segment Dominates the Market
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.
The Asia Pacific to be the Fastest Growing Region
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.
Historical & Forecast Period
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.
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. In addition, the report provides a holistic view of the global liquid crystal tunable filter market based on wavelength type, application, and geography.
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)
Unique data points of this report
Statistics on tunable filters worldwide
Recent trends across different regions in terms of the adoption of liquid crystal tunable filters 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)
Frequently asked questions :
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.
