Global Tunable Filter Market by Knowledge Sourcing Intelligence

Global tunable filter market is estimated to expand at a CAGR of 6.97% during the forecast period to reach a total market size of US$150.588 million by 2023, increasing from US$100.495 million in 2017. Rising adoption of acousto-optic tunable filters (AOTFs) and implementation of liquid crystal tunable filters for various industrial applications is boosting the market growth during the forecast period. Also widespread application in military surveillance & communication platforms will further contribute to the demand for these filters over the next five years. Increasing use of these filters in in machine vision systems due to key advantage like better imaging of specular objects is also bolstering the market growth.