The Tunable Filter Market is estimated to grow from USD 122.0 Million in 2017 to USD 203.1 Million by 2023, at a CAGR of 8.86% between 2017 and 2023. Factors such as 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 driving the growth of the tunable filter market.

The entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts.

• The high-growth segments have been identified to analyze opportunities in the overall tunable filter market.
• Competitive developments such as contracts, agreements, mergers and acquisitions, product launches, and research and development (R&D) in the overall tunable filter market have been analyzed.
• All the percentage splits and breakdowns of the market segments have been analyzed based on secondary and primary research.

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The tunable filter market has been segmented on the basis of types into liquid crystal tunable filters (LCTFs), acousto-optic tunable filters (AOTFs), linear-variable tunable filters (LVTFs), and other tunable filters, which include thin-film, bulk Sagnac, Mach-Zehnder, Michelson type interferometers, Fabry-Perot interferometers, angle-tuned thin-film filters, and notch filters. Liquid crystal tunable filters held the largest share of the tunable filter market in 2016, and this trend is expected to continue in the next few years. LCFTs are having a wide array of applications across different systems, which, in turn, is increasing the growth of the liquid crystal market. Also, these filters provide better imaging of specular objects; therefore, LCFTs are being highly adopted to be used in the machine vision systems.

The key factors restraining the growth of the tunable filter market are the high initial cost and R&D expenses. The key players in the ecosystem of the market profiled in this report include Santec Corporation (Japan), Semrock (US), EXFO (Canada), Dover Corporation (US), Gooch & Housego (UK), Brimrose Corporation of America (US), Kent Optronics (US), Micron Optics (US), Thorlabs (US), DiCon Fiberoptics (US), AA Opto Electronic (France), Netcom, Inc. (US), Coleman Microwave (US), Delta Optical Thin Film (Denmark), and Smiths Interconnect (UK and US).

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