According to the new market research report, the “Tunable Filter Market by Type (Liquid Crystal, Acousto-Optic, Linear-Variable), System Type (Software-Defined Radios, Handheld Radios, Radar Systems, Spectrometers, Communication Systems), Application, and Geography - Global Forecast to 2023” is estimated to grow from USD 122.0 Million in 2017 to USD 203.1 Million by 2023, at a CAGR of 8.86% between 2017 and 2023.
The implementation of liquid crystal tunable filters for highly demanding machine vision applications is driving the growth of the tunable filter market.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.Request PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=10758220The 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.