According
to the new market research report, the
The market
for liquid crystal tunable filters (LCFTs) is expected to grow at the highest
CAGR between 2017 and 2023. LCFTs are having a wide array of applications
across different systems, which, in turn, is increasing the growth of the
liquid crystal tunable filter market. Also, these filters provide better
imaging of specular objects; therefore, LCFTs are being highly adopted to be
used in the machine vision systems.
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The market
for other commercial systems, namely, near-infrared (NIR) instruments, and
spectrometers, used for commercial applications, is expected to grow at the
highest CAGR between 2017 and 2023. Liquid crystal, acousto-optic, and
Fabry-Perot tunable filters are highly used in near-infrared (NIR) instruments,
scanning instruments, and spectrometers.
The tunable
filter market in APAC is expected to grow at the highest CAGR between 2017 and
2023. The growth of the tunable filter market in APAC can be attributed to the
rapid adoption of wireless communication technologies by emerging countries
such as China and India. Commercial, telecommunication, and defense are the
major applications driving the growth of the tunable filter market in APAC.
North America is expected to hold the largest market share by 2023. The
remarkable demand for advanced communication solutions from countries such as
the US and Canada have and high military expenditure of the US and Canada are
the factors that fuel the growth of the tunable filter market in North America.
The key
players in the ecosystem of the tunable filter market profiled in this report
include Santec Corporation (Japan), Semrock (US), EXFO (Canada), Dover
Corporation (US), Gooch & Housego (UK), Brimrose Corporation of America
(US), Kent Optronics (US), Micron Optics (US), Thorlabs (US), DiCon Fiberoptics
(US), AA Opto Electronic (France), Netcom, Inc. (US), Coleman Microwave (US),
Delta Optical Thin Film (Denmark), and Smiths Interconnect (UK and US).
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