Tunable Filters Market - Global Industry Analysis, Size, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
A tunable filter is type of filter for any application requiring wavelength tuning. In addition, tunable filters are the best solution for pre-tuning preferred signals while rejecting interfering signals. This types of filters are majorly finds in various application such as military communications and wireless bands among others and operating between low frequencies 800 KHz to high frequencies 18 GHz. In last couple of years, there is growing usage of tunable filters in smart phones and tablets. Additionally, rising demand of smart phone is anticipated to increase the demand of tunable filters in coming years. Furthermore, the tunable filters are perfect tool for various studies which includes DWDM systems testing, cascaded ROADM emulation, active component and module testing and channel spacing reduction. Such beneficial features is the primary factor predicted to boost the demand for global tunable filters market during the forecast period. Furthermore, the market of tunable filters is anticipated a stable growth during the forecast period from 2017 to 2025 owing to frequent inventions in military and defense technology are expected to increase in coming years.
In order to provide detailed analysis of the market, the global tunable filters market has been segmented on the basis of product type, application, end-use industry and geography. The market for tunable filters has been bifurcated into two types which includes mechanically-controlled tunable filters and digitally-controlled tunable filters. In 2016, digitally-controlled tunable filters held the major share of the tunable filter market. On the basis of application, the global tunable filters market is segregated into various types which includes software-defined radios, radar systems, RF amplifiers, avionics communications systems and spectrophotometers among others. Furthermore, based on end use industry, this market can be segmented into consumer electronics and military and defense among others. Tunable filters are delivered for various military surveillance and communications platforms which is used across the world. This type of filters are provided streamline operation and major element for military and defense various application during critical places and tough environmental situations. Thus, the growing adoption of the tunable filters in military and defense application is anticipated to increase the demand for the tunable filters market during the forecast period. In 2016, military and defense segment hold the major market share and is expected to grow at a high CAGR rate during the forecast period.
Across the globe, the acceptance of acousto-optic tunable filters for numerous commercial and medical applications is predicted to driving the growth of the global tunable filters market. Moreover, rising operation and growing application of various liquid crystal (LC) tunable filters for highly demanding device vision applications is expected to increase the demand for this product in the coming years. However, high initial investment expenses for manufacturing process of tunable filters is estimated to be a major challenge for the growth of the tunable filters market.
Geographically, the global tunable filters market has been bifurcated into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. In the year 2016, North America led the tunable filters market followed by Asia Pacific and Europe. Asia Pacific is estimated to be the fastest growing market for this product currently followed by North America. The rise adoption and implementation of wireless technology in different countries in Asia Pacific such as China, India, Japan, and South Korea is anticipated to trigger the demand for tunable filters. In addition, tunable filters manufacturers are continuously expanding their business across various parts of this region. Additionally, increasing focus on research and development activities by government initiative in aerospace and defense is also acting as a driving factor in the growth for France, Russia, China and the US market. Owing to significant growth of military & defense application such as optical channel performance monitoring, missile tracking and satellite communications among others is also expected to create a better opportunity for tunable filters manufacturers across the globe.
This report explores the major international industry players in detail. Major companies operating in the global tunable filters market are Santec Corporation (Japan), Brimrose Corporation of America (the U.S), Dover Corporation (the U.S), Semrock (the U.S), Gooch & Housego (U.K), Thorlabs (the U.S), Micron Optics (the U.S), Smiths Interconnect (the U.S), AA Opto Electronic (France) and Yenista Optics (the U.S) among others.
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