Liquid Crystal on Silicon (LCoS) Market - Global Industry Analysis

Liquid Crystal on Silicon (LCoS) Market By End-User (Military, Medical, Optical 3D Measurement, Aviation, Automotive, and Consumer Electronics), By Technology (Wavelength Selective Switching, Nematics LCoS, and Ferroelectric LCoS), By Product (Head-mounted Display, Projector, and Head-up Display), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 02-Mar-2022 Category: Chemical & Materials Report Format : PDF Pages: 197 Report Code: ZMR-968 Status : Published

The global liquid crystal on silicon (LCoS) market was valued at around $1.6 billion in 2021 and is projected to reach 2.9 billion by 2028 with a healthy CAGR of 7.2% over the forecast years.

Description

Industry Perspective:

The global liquid crystal on silicon (LCoS) market was valued at around $1.6 billion in 2021 and is projected to reach 2.9 billion by 2028 with a healthy CAGR of 7.2% over the forecast years. The report is a comprehensive study of market definition, growth drivers, opportunities, and challenges. The report covers the geographical market along with comprehensive competitive landscape analysis.

Liquid Crystal on Silicon (LCoS) Market: Overview

Liquid crystal on silicon display is developed with the help of a liquid crystal layer placed in between a thin film transistor and a silicon semiconductor with reflective coatings. These displays are highly utilized in projectors. Liquid crystal display is an innovative technology that makes use of liquid crystals for display purposes. These silicones find a wide number of applications in different end-user sectors like entertainment, medical, defense, and automation. Touch display facilitates a very fine quality output. However, these liquid crystals on silicon have massively revolutionized the current market landscape as plasma and cathode ray tube technology is largely being replaced by the digital light processing liquid crystal on silicon and liquid crystal display technologies. LCoS offers high contrast and resolution ratios. They deliver more accurate results when compared to DLP and LCD.

COVID-19 Impact:

The outbreak of the Covid-19 has severely affected the growth trajectory of the global liquid crystal on silicon (LCoS) market as manufacturing units were shut down, and the supply chain was completely disturbed. But with the reducing Covid cases all across the globe along with ease in the Covid regulations is likely to offer a speedy recovery in the global market in the forthcoming years.

Gobal  Liquid Crystal on Silicon (LCoS) Market

Liquid Crystal on Silicon (LCoS) Market: Growth Drivers

Increasing demand for projectors from the different end-users sectors is likely to drive the growth of the global market.

The global liquid crystal on silicon (LCoS) market is likely to spur exponentially in the forthcoming years due to the growing demand for projectors in different areas like education and others. Additionally, the inclusion of fun learning in the education curriculum is likely to further expand the scope of liquid crystals on silicon displays. Educating children with the help of video lectures and examples is on the rise, which in turn is very beneficial for the liquid crystal on silicon display market. The growing inclination of people towards the sport and cultural events globally is further accentuating the demand for projectors in the market. However, the demand for advanced projects like Pico is expected to drive the market. Its high compatibility with a wide range of products is of immense importance to manufacturers. However, the different advantages of liquid crystal on silicon over other computing technologies are also increasing its adoption rate. The supreme technology of silicon, like ruggedness and better equality, are among the leading growth drivers.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Liquid Crystal on Silicon (LCoS) Market: Restraints

High research and development support is likely to restrain the growth of the global market.

The extensive requirement for research and development support along with huge financial backing is likely to hamper the growth of the global market.

Liquid Crystal on Silicon (LCoS) Market: Opportunities

Rapidly proliferating aviation sector is likely to create huge opportunities in the global market.

The growing deployment of liquid crystal on silicon technology in aviation space is likely to offer lucrative growth opportunities in the global liquid crystal on silicon (LCoS) market in the forthcoming years. Additionally, the government in several regions is investing heavily to strengthen its aviation sector. Therefore, it is expected to generate huge revenue in the forthcoming years.

Liquid Crystal on Silicon (LCoS) Market: Challenges

Involvement of tech costs is a huge challenge in the global market.

However, the growing cost of technology as compared to traditional technology is high. Therefore, manufacturers are finding difficulty in manufacturing LCoS microdevices.

Liquid Crystal on Silicon (LCoS) Market: Segmentation

The global liquid crystal on silicon (LCoS) market can be segmented into end-user, technology, product, and region.

By end-user, the market can be segmented into military, medical, optical 3D measurement, aviation, automotive, consumer electronics, and others.

By technology, the market can be segmented into wavelength selective switching, nematics LCoS, and ferroelectric LCoS.

By product, the market can be segmented into the head-mounted display, projector, and head-up display.

Recent Developments

  • Syndiant Inc. in January 2019 announced optical engine platforms and 1080p & 4K UHD LCOS microdisplays at the 2019 Consumer Electronics Show in Las Vegas, Nevada.
  • Fourth Dimension Display in February 2019 launched a 2K x 2K high-performance reflective LCOS device at Photonics West 2019.

Liquid Crystal on Silicon (LCoS) Market: Regional Landscape

Asia Pacific accounts for the largest share in the global liquid crystal on silicon (LCoS) market due to the presence of growing economies like China, India, and Japan. Furthermore, the growing disposable income of people in the region is further likely to complement the growth of the regional market. Consumer’s lifestyle in the region is changing massively. People in the region are highly adopting new technology owing to their rising living standards. Additionally, the growing penetration of electronic goods in the middle-class sector in the region is likely to further expand the scope of the regional market in the forthcoming years.

Liquid Crystal on Silicon (LCoS) Market: Competitive Landscape

Some of the significant players in the global liquid crystal on silicon (LCoS) market include Holoeye Systems Inc., Guangzhou Weijie Electronic Technology Co. Ltd., Citizen Finetech Miyota Co. Ltd., Forth Dimension Displays Ltd., Aaxa Technologies, Canon Inc., Shenzhen Coolux Science & Technology Co. Ltd., Sony Corporation, Siliconmicrodisplay Inc., Himax Display Inc., JVC Kenwood Corporation, LG Electronics, Microvision Inc., and pioneer corporation.

Global liquid crystal on silicon (LCoS) market is segmented as follows:

By end-user

  • Military
  • Medical
  • Optical 3D measurement
  • Aviation
  • Automotive
  • Consumer electronics

By technology

  • Wavelength selective switching
  • Nematics lcos
  • Ferroelectric lcos

By product

  • Head-mounted display
  • Projector
  • Head-up display

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Liquid Crystal on Silicon (LCoS) market , 2016 - 2022 (USD Million)
    • 2.2. Global Liquid Crystal on Silicon (LCoS) market : Snapshot
  • Chapter 3. LCoS Application – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Liquid Crystal on Silicon (LCoS) market drivers: Impact analysis
      • 3.2.2. Good compatibility with an extensive range of products and open technology platform
    • 3.3. Market restraints
      • 3.3.1. Global Liquid Crystal on Silicon (LCoS) market restraints: Impact analysis
      • 3.3.2. Competition from other competing technologies
    • 3.4. Opportunities
      • 3.4.1. Evolving consumer preference and rising disposable income
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by product segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Liquid Crystal on Silicon (LCoS) market – Competitive Landscape
    • 4.1. Company market share, 2016
  • Chapter 5. Global Liquid Crystal on Silicon (LCoS) market – Product Segment Analysis
    • 5.1. Global Liquid Crystal on Silicon (LCoS) market : Product overview
      • 5.1.1. Global Liquid Crystal on Silicon (LCoS) market revenue share, by product, 2016 and 2022
    • 5.2. HUD
      • 5.2.1. Global Liquid Crystal on Silicon (LCoS) market by HUD product, 2016 – 2022 (USD Million)
    • 5.3. HMD
      • 5.3.1. Global Liquid Crystal on Silicon (LCoS) market by HMD product, 2016 – 2022 (USD Million)
    • 5.4. Projectors
      • 5.4.1. Global Liquid Crystal on Silicon (LCoS) market by projectors, 2016 – 2022 (USD Million)
  • Chapter 6. Global Liquid Crystal on Silicon (LCoS) market – Application Segment Analysis
    • 6.1. Global Liquid Crystal on Silicon (LCoS) market : Application overview
      • 6.1.1. Global Liquid Crystal on Silicon (LCoS) market revenue share, by application, 2016 and 2022
    • 6.2. Automotive
      • 6.2.1. Global Liquid Crystal on Silicon (LCoS) market for Automotive, 2016 – 2022 (USD Million)
    • 6.3. Consumer electronics
      • 6.3.1. Global Liquid Crystal on Silicon (LCoS) market for Consumer electronics, 2016 – 2022 (USD Million)
    • 6.4. Aviation
      • 6.4.1. Global Liquid Crystal on Silicon (LCoS) market for aviation, 2016 – 2022 (USD Million)
    • 6.5. Medical
      • 6.5.1. Global Liquid Crystal on Silicon (LCoS) market for medical, 2016 – 2022 (USD Million)
    • 6.6. 3D optical measurement
      • 6.6.1. Global Liquid Crystal on Silicon (LCoS) market for 3D optical measurement, 2016 - 2022(USD Million)
  • Chapter 7. Global Liquid Crystal on Silicon (LCoS) market – Regional Segment Analysis
    • 7.1. Global Liquid Crystal on Silicon (LCoS) market : Regional overview
      • 7.1.1. Global Liquid Crystal on Silicon (LCoS) market revenue share, by region, 2016 and 2022
    • 7.2. North America
      • 7.2.1. North America Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
      • 7.2.2. North America Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
        • 7.2.3.2. U.S. Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
      • 7.3.2. Europe Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
      • 7.3.3. Germany
        • 7.3.3.1. Germany Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022, (USD Million)
        • 7.3.3.2. Germany Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022, (USD Million)
      • 7.3.4. France
        • 7.3.4.1. France Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022, (USD Million)
        • 7.3.4.2. France Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022, (USD Million)
      • 7.3.5. UK
        • 7.3.5.1. UK Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
        • 7.3.5.2. UK Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022, (USD Million)
      • 7.4.2. Asia Pacific Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022, (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
        • 7.4.3.2. China Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
        • 7.4.4.2. Japan Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
      • 7.4.5. India
        • 7.4.5.1. India Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
        • 7.4.5.2. India Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
      • 7.5.2. Latin America Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
        • 7.5.3.2. Brazil Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 – 2022 (USD Million)
      • 7.6.2. Middle East & Africa Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 – 2022 (USD Million)
  • Chapter 8. Company Profile
    • 8.1. JVC Kenwood Corporation
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. 3M, Cannon Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Syndiant
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Sony Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Pioneer Corporation
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Himax Display Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Holoeye Systems Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Microvision Inc.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. LG Electronics
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments

Table Of Figures

List of Figures 

1. Market research process
2. Market research methodology
3. Global Liquid Crystal on Silicon (LCoS) market revenue, 2016 - 2022 (USD Million) 
4. Porter’s five forces analysis
5. LCoS market: Market attractiveness analysis, by product segment
6. LCoS market: Market attractiveness analysis, by application segment
7. LCoS market: Market attractiveness analysis, by regional segment
8. Company market share analysis, 2016 and 2022 
9. Global Liquid Crystal on Silicon (LCoS) market revenue share, by product, 2016 and 2022
10. Global Liquid Crystal on Silicon (LCoS) market revenue share, by application, 2016 and 2022 
11. Global Liquid Crystal on Silicon (LCoS) market by HUD product, 2016 – 2022 (USD Million) 
12. Global Liquid Crystal on Silicon (LCoS) market by third –party (off-deck) product, 2016 – 2022 (USD Million) 
13. Global Liquid Crystal on Silicon (LCoS) market for Automotive, 2016 – 2022 (USD Million)
14. Global Liquid Crystal on Silicon (LCoS) market for Consumer electronics, 2016 – 2022 (USD Million)
15. Global Liquid Crystal on Silicon (LCoS) market for aviation, 2016 – 2022 (USD Million)
16. Global Liquid Crystal on Silicon (LCoS) market for medical, 2016 – 2022 (USD Million)
17. Global Liquid Crystal on Silicon (LCoS) market for 3D optical measurement, 2016 - 2022(USD Million)
18. Global Liquid Crystal on Silicon (LCoS) market for other applications, 2016 – 2022 (USD Million)


Table Of Tables

List of Tables

1. Liquid Crystal on Silicon (LCoS) market : Market snapshot                              
2. Drivers of global Liquid Crystal on Silicon (LCoS) market : Impact analysis 
3. Restraints of global Liquid Crystal on Silicon (LCoS) market : Impact analysis 
4. North America Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million) 
5. North America Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million) 
6. U.S. Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million) 
7. U.S. Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million) 
8. Germany Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million)
9. Germany Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million)
10. France Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million) 
11. France Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million)
12. UK Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million) 
13. UK Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million)
14. Asia Pacific Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million) 
15. Asia Pacific Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million) 
16. China Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million) 
17. China Liquid Crystal on Silicon (LCoS) market revenue, by application 2016 - 2022 (USD Million) 
18. Japan Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million)
19. Japan Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million)
20. India Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million)
21. India Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million)
22. Latin America Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million) 
23. Latin America Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million) 
24. Brazil Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million)
25. Brazil Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million)
26. Middle East & Africa Liquid Crystal on Silicon (LCoS) market revenue, by product, 2016 - 2022 (USD Million)
27. Middle East & Africa Liquid Crystal on Silicon (LCoS) market revenue, by application, 2016 - 2022 (USD Million)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Liquid Crystal on Silicon market. Zion Research has collected and analyzed key data belong to the global Liquid Crystal on Silicon market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Liquid Crystal on Silicon across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Liquid Crystal on Silicon industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Liquid Crystal on Silicon market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Liquid crystal on silicon or LCoS is a microdisplay technology wherein liquid crystals are fabricated on a silicon device which contains control electronics. LCoS is a reflective microdisplay technology based on a silicon backplane. Electronic circuits controlling the liquid crystals are constructed on a silicon chip and then coated with a highly reflective surface. These devices compete with DLP (Digital Light Processing) technology in the pico projector and projector markets. Viewfinders in the camera are also key application area of LCoS technology.

Global LCoS market is poised to flow exponentially in the near future. Good compatibility with an extensive range of products, open technology platform, and superiority in terms of competing for technology are some of the major factors to fuel the market growth. Escalating demand for high-resolution display is predicted to flourish LCoS market in the years to come. LCoS based products offer more precise results and higher quality compared with competing technologies such as LCD, OLED and DLP (Digital Light Processing). On the other hand, LCoS-based displays have higher cost and hence very few companies offer this technology in the market.

Global-Liquid-Crystal-on-Silicon

The LCoS market is segmented on the basis of product and application. Major product segments that make use of LCoS are projectors, Head-Mounted Display (HMD), and Head-Up Display (HUD). High demand of projectors during different sports events is expected to serve as a key market growth driver for the LCoS market. In 2016, projectors accounted for the largest market share due to its large number of applications in education, business, and home theater systems. HUD finds application in simulation and training purposes, and in high-end cars or aircraft. HMD products are widely employed in military and aviation applications along with research, sports and gaming activities.

Some of the major application segments of the LCoS market include consumer electronics, automotive, aviation, medical, military and optical 3D measurement. Consumer electronics is the most attractive application segment of the market followed by aviation segment. Advanced panels are used in HMD and HUD products in aviation. Russia, India, Indonesia, and Mexico are prominent countries using projectors in the education sector. HMD is prominently used in the defense for training simulations. Nonetheless, its application area is extending into research, sports, gaming, medicine and video applications. HUD and projectors are employed in the automotive and aircraft industry along with simulated training purposes.

North America held the largest share for LCoS market in 2016 followed by Europe. Asia Pacific LCoS market is projected to record fastest growth rate on account of the high growth of projector market and rising demand for consumer electronics in this region. Key participants in this market arena include JVC Kenwood Corporation, 3M, Cannon Inc., Syndiant, LG Electronics, Sony Corporation, Pioneer Corporation, Himax Display Inc., Holoeye Systems Inc. (U.S.), Microvision Inc. and others.

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FrequentlyAsked Questions

The global liquid crystal on silicon (LCoS) market is likely to spur exponentially in the forthcoming years due to the growing demand for projectors in different areas like education and others. Additionally, the inclusion of fun learning in the education curriculum is likely to further expand the scope of liquid crystals on silicon displays.

The global liquid crystal on silicon (LCoS) market was valued at around $1.6 billion in 2021 and is projected to reach 2.9 billion by 2028 with a healthy CAGR of 7.2 % over the forecast years.

Some of the significant players in the global liquid crystal on silicon (LCoS) market include Holoeye Systems Inc., Guangzhou Weijie Electronic Technology Co. Ltd., Citizen Finetech Miyota Co. Ltd.

Asia Pacific accounts for the largest share in the global liquid crystal on silicon (LCoS) market due to the presence of growing economies like China, India, and Japan. Furthermore, the growing disposable income of people in the region is further likely to complement the growth of the regional market.

 

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