The global liquid crystal tunable filters market will be driven by the increasing implementation of machine vision systems across all industries during the forecast period 2021-2026
New Market Research Expert Report titled “Global Liquid Crystal Tunable Filters Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026”, Gives In-Depth Analysis of the Global Market tunable liquid crystal filters market, assessing the market on the basis of its segments such as application, wavelength, and major regions. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators while analyzing the market based on Porter’s SWOT and Five Forces models.
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The main highlights of the report include:
Market Overview (2016-2026)
• Historical market size (2020): 45 million USD
• Forecast CAGR (2021-2026): 6.0%
The increasing use of tunable filters in the medical and commercial industries is contributing to the growth of the tunable liquid crystal filters industry. In the coming years, the growth of the market is expected to be facilitated by the expansion of R&D operations and strategic alliances. A tunable liquid crystal filter has a diverse range of applications such as military, medical, chemical spectroscopy, among others. Due to their high image quality and rapid adjustment over a wide spectral range, LCTFs are frequently used in multispectral or hyperspectral imaging systems. They mainly contribute to the reduction of specular reflections in order to increase the performance of the imaging algorithm, which stimulates its application in machine vision systems.
Definition of the industry and main segments
A tunable liquid crystal filter is an optical filter that uses electronically controlled liquid crystal (LC) elements to transmit a specific wavelength of light while blocking other wavelengths. The Lyot filter, which uses birefringence to produce a narrow bandwidth of transmitted wavelengths, forms the basis of the basic operating principle.
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On the basis of Application, the market is segmented into:
On the basis of wavelength the market is split into:
• Visible (VIS) – 400 to 700 nm
• Near infrared (NIR) – 780 to 2500 nm
The main regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The demand for tunable liquid crystal filters in digital image processing technologies is increasing as the emphasis is placed on image quality in imaging applications. The market for Tunable Liquid Crystal Filters market is expected to grow owing to such factors as the selection of Acousto-Optical Tunable Channels (AOTF) for various catering and commercial applications as well as the execution of Tunable Liquid Crystal Filters for the applications of very demanding machine vision. . By employing professional research resources, manufacturers attempt to create tunable liquid crystal filters that will aid in the advancement of automated systems. North America dominates the global tunable liquid crystal filters market with a large proportion. In addition, significant expenditure in R&D efforts to develop new filtering technology is expected to benefit the industry during the projection period. Growing investments in military forces around the world are building superior communication devices and well-organized communication. Tunable filters are planned to be used in major military communications and surveillance platforms.
Key market players
The major players in the market are Channel Systems, Inc., Perkinelmer Inc., Thorlabs, Inc., Santec Corporation, Kent Optronics, Inc., Semrock, Inc., ChemImage, Meadowlark Optics, Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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