Tunable Filter Market Is Driven By Its Growing Adoption Among The Tactical Radios
According to a new market research report published by Brisk Insights “Global Tunable Filter Market (Product (Acousto-Optic Tunable Filters (AOTFs), Linear-Variable Tunable Filters (LVTFs), Liquid Crystal Tunable Filters (LCTFs), Others); Application (Avionics and Shipboard Cosite Mitigation, Military Vehicular Mount Radio Components, Tactical Radios, Wireless Communication Equipment) Market – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the tunable filter market is set to grow with a CAGR of 8.5% during the forecast period, starting from US$ 120.0 Mn in 2018.
Browse the full report at http://www.briskinsights.com/report/tunable-filter-market
The global tunable filter market is majorly governed by its growing adoption across the tactical radios and vehicular mounted radio components. Tunable filters are widely used across all the surveillance and communication application in the military sector. Their high performance as well as ability to with stands harsh environmental conditions makes it an ideal choice for the military applications. Furthermore, the advancement in the tunable filter technology also serves as a major driver accelerating the market growth.
The rising demand for the acoustic optic tunable filter across the globe is further estimated to boost the growth of the market. Although, the high capital cost and low accuracy of the devices are restraining the growth of the market, but the growing adoption of the spectroscopy and fluorescence will lead to numerous growth opportunities for the market.
The market is characterized by the product type into acousto-optic tunable filters (AOTFs), liquid crystal tunable filters (LCTFs), linear-variable tunable filters (LVTFs), and others filers including Mach-Zehnder, angle-tuned thin-film filters, Fabry-Perot interferometers, notch filters, and Michelson type interferometers. The LCTFs accounted for over 35% share in the market due to their wide scale adoption among the machine vision application. On the other hand, AOTFs are anticipated to grow significantly during the forecast period.
Asia Pacific’s tunable filter market is estimated to grow at a CAGR of more than 10% during the forecast period. The growth of the market is driven by the increasing adoption of the wireless communication technology across the multiple industry verticals in the region. Furthermore, the growing adoption of the tunable filters across the defense and military application in the region is also driving the growth of the market.
Key players in the tunable filter market are AA Opto Electronic, Brimrose Corporation of America, Coleman Microwave, Delta Optical Thin Film, DiCon Fiberoptics, Dover Corporation, EXFO, Gooch & Housego, Kent Optronics, Micron Optics, Netcom Inc., Santec Corporation, Semrock, Smiths Interconnect, and Thorlabs.