The overall liquid crystal tunable filter market worldwide was valued at US$ 39.8 Mn in 2018 and is set to grow with a CAGR of 9.8% during the forecast period.
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The global market for liquid crystal tunable filters globally was estimated at US$ 39.8 million in 2018 and is expected to expand at a CAGR of 9.8% over the forecast period. According to a research study recently published by Credence Research”.
Growing demand for tunable filters drives the growth of the market for tunable liquid crystal filters. The market for tunable filters is valued at over US$ 110 million in 2018 and is increasing rapidly. This filter is used by the use of electronically controlled liquid crystal components to transmit the wavelength of light. Numerous advantages of these filters, including wide wavelength range, high switching speed, two-dimensional imagery, and large apertures, set them apart from other tunable filters. Other growth variables for the market are the wide application of these filters in different sectors, including medical, agricultural, forensic and pharmaceutical. Because of the above factors, we expect the liquid crystal tunable filter market to grow rapidly throughout the 2019-2027 forecast period.
The semiconductor process control segment has the largest application-based segment, representing more than 24 percent of market share. Growing demand for equipment for semiconductor process control drives the segment’s development. The market for semiconductor process control equipment is increasing with an annual growth rate of over 3.5 percent. Other significant growth factors for the segment are growing demand for IoT devices and technological advances in the telecommunications industry. Consequently, during the forecast period, the semiconductor process control segment witnesses a healthy growth. On the other hand, due to the increased demand for liquid crystal tunable filters in the segment, the chemical spectroscopy segment will be the fastest growing segment.
Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/liquid-crystal-tunable-filter-market
In terms of wavelength (Visible (VIS)–400 to 700 nm and near-infrared (NIR)–780 to 2500 nm) and application (agricultural, medical, military, forensic, chemical spectroscopy, semiconductor process control, and others), the study provides segmentation of the worldwide liquid crystal tunable filters market. The worldwide market for tunable liquid crystal filters was also segmented by area (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The semiconductor system control segment accounted for a major share of the worldwide liquid crystal tunable filter market in 2018, among the apps on the industry for liquid crystal tunable filters. During the forecast period, the segment is expected to maintain its dominance on the market of liquid crystal tunable filters.
In terms of income and quantity, North America is expected to be a major market for liquid crystal tunable filters in the forecast period due to the growing implementation of hyper-spectral imaging instrumentation solutions, near-IR imaging solutions, and visible imaging solutions in the region. Due to the increasing adoption of these filters in developing countries in the region such as China, Asia Pacific is expected to be a highly lucrative market for liquid crystal tunable filters over the forecast period. The lucrativeness of the market for APAC liquid crystal tunable filters is expected to increase in the coming years due to extensive research and development activities in the area of tunable filters.
Some of the major companies profiled in the report include:
Channel Systems, Inc.,
Perkinelmer Inc.,
Thorlabs, Inc.,
Santec Corporation,
Kent Optronics, Inc.,
Semrock, Inc.,
Meadowlark Optics, Inc. ,
ChemImage Corporation,
AA Opto Electronic,
EXFO Corporation
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59942
About Credence Research (Original Publisher)
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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Organization: Credence Research
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Website: https://www.credenceresearch.com/report/liquid-crystal-tunable-filter-market
Source: MarketersMedia
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