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Global Liquid Crystal Tunable Filters Market: By Application: Agriculture, Medical, Military, Forensic, Chemical Spectroscopy, Semiconductor Process Control, Others; By Wavelength; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Liquid Crystal Tunable Filters Market Outlook
The global liquid crystal tunable filters market stood at a value of around USD 45 million in 2020. The market will expand at a CAGR of 6% between 2021 and 2026.
The increasing implementation of tunable filters in the medical and commercial industry is helping the liquid crystal tunable filters industry grow. The growing R&D operations and strategic alliances are anticipated to leverage the market growth in the coming years.
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Market Segmentation
A liquid crystal tunable filter is an optical filter that uses elements of electronically controlled liquid crystal (LC) to transmit a selectable wavelength of light and exclude other elements.
The global liquid crystal tunable filters industry can be divided based on segments like applications and wavelengths.
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The industry can be broadly categorised based on its application into:
- Agriculture
- Medical
- Military
- Forensic
- Chemical Spectroscopy
- Semiconductor Process Control
- Others
The industry can be divided on the basis of its wavelength into visible (VIS)– 400 to 700 nm, and near-infrared (NIR)– 780 to 2500 nm.
The EMR report looks into the regional liquid crystal tunable filters markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Market Analysis
With the increasing focus on the image quality in imaging applications, the demand for liquid crystal tunable filters in digital image processing technology is evolving. Factors such as the choice of acousto-optic tunable channels (AOTFs) for various restorative and company applications and the execution of liquid crystal tunable filters for highly demanding machine vision applications are expected to drive the growth of the market for liquid crystal tunable filters. Manufacturers are working towards the development of liquid crystal tunable filters that can facilitate the advancements of automated systems by leveraging skilled research resources. North America leads the global liquid crystal tunable filters industry, accounting for a significant share in the market. Further, hefty investments made in the R&D activities, directed towards innovating filter technology, are expected to aid the industry over the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global liquid crystal tunable filters market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Channel Systems, Inc.
- Perkinelmer Inc. (NYSE: PKI)
- Thorlabs, Inc.
- Santec Corporation
- Kent Optronics, Inc.
- Semrock, Inc.
- ChemImage
- Meadowlark Optics, Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Wavelength, Region |
| Breakup by Application | Agriculture, Medical, Military, Forensic, Chemical Spectroscopy, Semiconductor Process Control, Others |
| Breakup by Wavelength | Visible (VIS) – 400 to 700 nm, Near-infrared (NIR) – 780 to 2500 nm |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Channel Systems, Inc., Perkinelmer Inc., Thorlabs, Inc., Santec Corporation, Kent Optronics, Inc., Semrock, Inc., ChemImage, Meadowlark Optics, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Liquid Crystal Tunable Filter Market Analysis
8.1 Key Industry Highlights
8.2 Global Liquid Crystal Tunable Filter Historical Market (2017-2021)
8.3 Global Liquid Crystal Tunable Filter Market Forecast (2022-2027)
8.4 Global Liquid Crystal Tunable Filter Market by Application
8.4.1 Agriculture
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Medical
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Military
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Forensic
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Chemical Spectroscopy
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Semiconductor Process Control
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2017-2021)
8.4.6.3 Forecast Trend (2022-2027)
8.4.7 Others
8.5 Global Liquid Crystal Tunable Filter Market by Wavelength
8.5.1 Visible (VIS) – 400 to 700 nm
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Near-Infrared (NIR) – 780 to 2500 nm
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Liquid Crystal Tunable Filter Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Channel Systems Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 PerkinElmer Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Thorlabs, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Santec Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Kent Optronics, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Semrock, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 ChemImage
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Meadowlark Optics, Inc.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Liquid Crystal Tunable Filter Market: Key Industry Highlights, 2017 and 2027
2. Global Liquid Crystal Tunable Filter Historical Market: Breakup by Application (USD Million), 2017-2021
3. Global Liquid Crystal Tunable Filter Market Forecast: Breakup by Application (USD Million), 2022-2027
4. Global Liquid Crystal Tunable Filter Historical Market: Breakup by Wavelength (USD Million), 2017-2021
5. Global Liquid Crystal Tunable Filter Market Forecast: Breakup by Wavelength (USD Million), 2022-2027
6. Global Liquid Crystal Tunable Filter Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Liquid Crystal Tunable Filter Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Liquid Crystal Tunable Filter Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Liquid Crystal Tunable Filter Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Liquid Crystal Tunable Filter Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Liquid Crystal Tunable Filter Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Liquid Crystal Tunable Filter Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Liquid Crystal Tunable Filter Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Liquid Crystal Tunable Filter Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Liquid Crystal Tunable Filter Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Liquid Crystal Tunable Filter Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Liquid Crystal Tunable Filter Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Liquid Crystal Tunable Filter Market Structure
Key Questions Answered in the Report
In 2020, the global liquid crystal tunable filters market attained a value of nearly USD 45 million.
The market is projected to grow at a CAGR of 6% between 2021 and 2026.
The major industry drivers are increasing implementation of tunable filters in medical and commercial industries.
The key trends in the market are rising demand from image processing technology and machine vision applications.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The application sectors include agriculture, medical, military, forensic, chemical spectroscopy, and semiconductor process control, among others.
Visible wavelength (400-700nm) is the dominant type in the industry.
The major players in the industry are Channel Systems, Inc., Perkinelmer Inc. (NYSE: PKI), Thorlabs, Inc., Santec Corporation, Kent Optronics, Inc., Semrock, Inc., ChemImage, and Meadowlark Optics, Inc., among others.
Analyst Review
The global liquid crystal tunable filters market attained a value of USD 45 million in 2020, driven by the increasing implementation of tunable filters in medical and commercial industries. Aided by rising demand from image processing technology and machine vision applications, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The application sectors include agriculture, medical, military, forensic, chemical spectroscopy, and semiconductor process control, among others. Based on its wavelengths, the liquid crystal tunable filters industry can be segmented into visible (VIS) – 400 to 700 nm and near-infrared (NIR) – 780 to 2500 nm, with visible wavelength accounting for the largest market share. The major regional markets for liquid crystal tunable filters are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Channel Systems, Inc., Perkinelmer Inc. (NYSE: PKI), Thorlabs, Inc., Santec Corporation, Kent Optronics, Inc., Semrock, Inc., ChemImage, and Meadowlark Optics, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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