The Tunable Filter Market was valued at USD 108.5 Million in 2016 and is expected to reach USD 203.1 Million by 2023, at a CAGR of 8.86% during the forecast period. The adoption of acousto-optic tunable filters (AOTFs) for various medical and commercial applications and implementation of liquid crystal tunable filters for highly demanding machine vision applications are the major factors that drive the demand for tunable filters. For this study, the base year considered is 2016, and the market forecast is provided for 2017–2023.
This report provides a detailed analysis of the tunable filter market segmented on the basis of type, application, system type, and geography (North America, Europe, APAC, and RoW). The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report also profiles key players and comprehensively analyzes their market ranking and core competencies, along with details of the competitive landscape of the market leaders.
In 2016, the military application accounted for the largest share of the tunable filter market. Tunable filters are provided for all key military communications and surveillance platforms that are used throughout the world. Tunable filters have been used for performing high-quality communications based on requirements during harsh environmental conditions and critical places. These factors have contributed to the increased adoption of tunable filters for military applications.
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The market in APAC is expected to grow at the highest CAGR during 2017–2023. The rapid adoption of wireless communication technologies by emerging countries such as China and India are driving the growth of the tunable filter market in APAC.
Santec (Japan) is one of the leading manufacturers of tunable lasers, optical instruments, OCT products, and fiber-optic components. The company offers a variety of tunable filters including optical bandpass filters, thin-film filters, and liquid crystal filters. The company serves its customers in more than 30 countries; these include most of the world’s major telecommunications companies, telecommunication system manufacturers, and medical equipment companies.
- Optical filter device manufacturers
- Optical fiber manufacturers
- Aircraft manufacturers
- Defense researchers
- Industrial automation vendors
- Medical equipment manufacturers
- Consumer electronics vendors
- Government regulatory bodies
- Educational Institutes
- Private research organizations
- Organizations, alliances, and associations related to the optical sensing industry
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