Optical Filter Market Size and Growth Rate:
The Optical
Filter Market size to grow from USD XX billion in 2018 to USD XX billion by
2023, at a Compound Annual Growth Rate (CAGR) of XX% during the forecast
period.
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Optical Filter Market Overview:
Optical filters
are a special type of glass or plastic tool used in the optical path to
transmit multiple wavelengths, in particular, colours of selected light passing
through it. They are commonly used in photography (where special effect filters
are occasionally used as well as absorptive filters), in many optical
instruments, and to colour stage lighting. These filters have special coatings
or interference coatings to transmit varied wavelengths and are known to
improve optical functions and protect the optic lenses from extreme
environmental conditions and are specifically manufactured using metals,
oxides, and rare earth materials.
Optical filters
are vital for some of the most demanding applications in automation, energy,
medical imaging, security, and multi-element optical systems. These filters
mostly belong to one of the two categories. The simplest, physically, is the
absorptive filter; and the interference or dichroic filters. Absorptive filters
are usually made from glass to which various organic or inorganic compounds
have been added. These compounds absorb some wavelengths of light while
transmitting the others.
Optical Filter Market Growth Drivers and
Restraints:
Recent
advancements include the coating chamber technology that has resulted in higher
precision filters yielding bandwidths of <1nm with tolerances of <1%, which
truly pushes the limits of top of the line spectrophotometers. Tolerances and
specifications have been further optimized to better represent a precision
substrate with improved surface quality, surface flatness, parallelism, and
transmitted wave front. This accuracy will greatly benefit single photon,
Raman, and other imaging applications that detect very subtle and weak signals.
The future of
optical filter requirements ultimately will be driven by the needs of the end
user application. With the increasing number of tests expected to be
incorporated into experimental applications, the need for high-performance
fluorescence filters with a degree of spectral discrimination – such as
high-percentage transmission and deep extended blocking – will continue.
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Optical Filter Market Geographical
Segmentation:
Geographically,
the market is segmented into North America, Latin America, Europe, Asia
Pacific, Africa and Middle East. Asia Pacific is expected to witness a high
CAGR in the coming years due to the increasing use of photography, applications
in the telecom, production of sunglasses and other supporting factors. North
America and Europe are also promising regions for the market, attributing to
the increasing demand for these filters among scientific, technical and
photographic enthusiasts.
Key Players of the Optical Filter Market:
Some of the
global players include Alluxa, Altechna, Fujifilm NDT Systems, GALVOPTICS,
JDSU, Knight Optical, Daheng New Epoch Technology, Edmund Industrial Optics,
Laservision, Optosigma Corporation, Ovio Instruments, Protectlaserschutz,
Research Electro-Optics, Reynard Corporation, Ricoh, Schott Glas, Umicore
Electronic Materials and Vision & Control
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