The global liquid crystal tunable filters market is prophesized to witness substantial growth over the period of projection. Expansion of the market is mainly due to the rise in its demand and its wide use across several applications. These filters provide multiple advantages such as low cost, outstanding quality of image, controllability, and quick tenability. All these features make it suitable for use in several applications in the medical industry, thereby boosting the global liquid crystal tunable filters market in years to come.
The global liquid crystal tunable filters market is likely to register a double-digit growth rate of 11% CAGR over the projection period, from 2019 to 2027.
Some of the key players in the global liquid crystal tunable filters market comprise Perkinelmer Inc., ChemImage Corporation, Kent Optronics, Inc., Channel Systems, Inc., Semrock, Inc. and Meadowlark Optics, Inc.
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Extensive Use in Imaging Applications Pave Way for Rapid Growth of the Market
An astral rise in the demand for liquid crystal tunable filters is mainly due to the increased use various imaging applications and spectroscopy. Liquid crystal tunable filters find increased use in hyperspectral imaging systems for obtaining many spectral elements of scenes successively by adjusting the center wavelength of the said filter.
Exact transmission prototype of liquid crystal tunable filters is utilized increasingly for correct indication of the effects of band pass filtering on the spectra. This factor is expected to add to the growth of the global liquid crystal tunable filters market over the projection tenure, from 2019 to 2027. Besides, randomly coded apertures are placed behind these filters for controlling the shadowy images of the spatial domain.
The global liquid crystal tunable filters market is anticipated to be influenced by its ability to make the spatial and spectral resolution of existing spectral imager better. This can be achieved without even changing the structure of the detector and filter. It is possible to capture several images at a speed of 14 images per second with the help of this system. Such advantages are likely to work in favor of the expansion of the global liquid crystal tunable filters market in near future.
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North America to Market Dominance over the Projection period, from 2019 to 2027
In a bid to provide a deeper insight of the market, experts at TMR have split the global liquid crystal tunable filters market into five key territories. North America, Latin America, Asia Pacific, Middle East and Africa, and Europe are the major territories in the global liquid crystal tunable filters market.
In terms of both value and volume, North America is likely to play a dominant role in the global liquid crystal tunable filters market during the projection period. Increased uptake of near-IR imaging solutions and visible imaging solutions is estimated to offer copious growth opportunities for the global liquid crystal tunable filters market.
Extensive research and development activities pertaining to these filters are likely to make Asia Pacific a promising region for the market stakeholders in the years to come. It is estimated that Asia Pacific region will observe rapid growth over the next few years to come.
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