Global Tunable Filters Market: Asia Pacific excluding Japan to Remain Highly Lucrative

Tunable Filter Market

Tunable filters have wide application in various industries such as remote sensing, forensic science, multivariate optical computing, machine vision, optical microscopy, preclinical imaging. Tunable filters are famous for delivering very high image quality and for providing relatively easy integration related to optical system design as well as software control.

Market Insights

Apropos a recent report on global tunable filter market complied by Future Market Insights, the market had reflected a valuation of nearly US$ 77 Mn in 2017 and is estimated to reach valuation of over US$ 159 Mn by the end of forecast period (2017-2027). The global tunable filters market is likely to witness 7.4% CAGR over the forecast period. In terms of revenues, the market is anticipated to witness 2X increase throughout the forecast period.

The wireless communication equipment sector exhibits higher demand for tunable filters. The wireless communication equipment segment, by application type was estimated to reach a value of almost US$ 62 Mn by the end of 2017 and is projected to value over US$ 135 Mn by forecast period end. The wireless communication equipment segment is anticipated to reflect stellar value CAGR over the forecast period.

Will the application of tunable filters in military sector be deemed profitable?

Tunable filters have wide application scope in tactical radio and military vehicular installed radio components. Both these application segments are anticipated to reflect same espousal rate of tunable filters. The tactical radio segment and military vehicular installed radio components are anticipated to witness expansion at 3.4% and 3.5% respectively over the forecast period. The tactical radio segment is anticipated to reach valuation of nearly US$ 5 Mn by the end of 2027. On the other hand, the military vehicular installed radio components segment had reached almost US$ 5.1 Mn by the end of year 2017 and is projected to reach valuation of approximately US$ 7 Mn by forecast period end.

What are the factors impacting growth of the market?

The rising expenditure in defense has incited the utilization of tunable filters in wireless communication equipment, vehicular radios as well as radars, which is actively contributing to the expansion of tunable filter market. Further, the emergence of 5G is anticipated to contribute to growth of the market. Tunable filters play an important role in ensuring appropriate functioning of 5G technology-based communication systems. However, limited availability of tunable filters commercially is anticipated to hinder the growth of this market over the forecast period.

What is the performance of tunable filters market in key regions?

The market for tunable filters in the North America, Western Europe and APEJ is anticipated to reflect high potential over the forecast period. The applications of tunable filters in wireless communication equipment in APEJ region is anticipated to depict a huge CAGR and the segment in APEJ region is estimated to witness 7.2% CAGR over the assessment period. The wireless communication equipment in the North America is slated to exhibit a stellar single-digit CAGR to reach valuation over US$ 40 Mn by the end of assessment period. Further, the wireless communication segment in Western Europe is anticipated to expand at 7.4% CAGR over the forecast period to touch considerable market valuation.

What are the leading players in the global tunable filters market?

The report comprises of several leading players operating in the market, which include Atlanta Micro, Inc., I2R Nanowave Inc., Analog Devices Inc., K&L Microwave, Inc., RS Microwave Co Inc., Fairview Microwave Inc., and Pole/Zero Corporation.

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About Suyog Keluskar 43 Articles
Suyog Keluskar is an experienced Market Research, Customer Insights & Consulting professional, covering latest industry and market updates on Electronics, Semiconductor and ICT domain. With over ten years of experience in business/market research, Suyog delivers customer-centric assignments in market-entry, market expansion, partner identification, competition analysis, market sizing, industry insights and customer intelligence studies. When Suyog is not busy unraveling the consumer mind or unearthing market potential he can be found traveling the road less traveled with a fascinating book on contemporary history in his hand. An avid cricket fan, music lover and you will also find him discussing politics with his friends and peers more often.