The global liquid crystal on silicon market is anticipated to witness substantial growth over the forecast period on account of the growing demand for high-resolution displays. LCoS-based products offer higher quality and more precise results than competing technologies such as Liquid Crystal Display (LCD) and Digital Light Processing (DLP). An open technology platform, compatibility with a wide range of products, and superiority in terms of competing technology are some of the key drivers for market growth. However, LCoS-based displays are more expensive and there are few players in the market offering this technology. These displays are often used in projectors; high demand for projectors during sports events is expected to serve as a key market opportunity for the LCoS market.
The liquid crystal on silicon market can be segmented in terms of product and application. Major products that make use of this technology include Head-Mounted Display (HMD), Head-Up Display (HUD), and projectors. Projectors account for the largest market share owing to a large number of applications in business, education, and home theatre systems. HUD is used for training and simulation purposes and also used in aircraft or high-end cars. Although HMD products are largely used in aviation and military applications, they also find use in medicine, research, gaming, and sports activities. Automotive, aviation, consumer electronics, medical, military, and optical 3D measurement are the major applications segments of the liquid crystal on the silicon market.
Consumer electronics is the most attractive market segment followed by aviation applications. Advanced panels are used in HUD and HMD products of the aviation sector. The use of HUDs in automobiles makes automotive a promising sector for the LCoS market. North America currently holds the largest market share followed by Europe. The Asia Pacific market is expected to grow at a fast rate owing to the growing demand for consumer electronics and the high growth of the projector market in the region. Key market players include 3M, Himax Display Inc., Cannon Inc., JVC Kenwood Corporation, Pioneer Corporation, Microvision Inc., Holoeye Systems Inc., Sony Corporation, LG Electronics Inc. and Syndiant Inc.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent..."
The ongoing COVID-19 outbreak has adversely affected the display industry with manufacturing operations temporarily suspended across major manufacturing hubs, leading to a substantial slowdown in the production. Major manufacturers including Samsung, LG Display, and Xiaomi among others have suspended their manufacturing operations in China, India, South Korea, and European countries. In addition to having an impact on the production, the ongoing pandemic has taken a toll on the consumer demand for display integrated devices, likely exacerbated by the lockdown imposed across major countries. Uncertainty regarding the possible length of lockdown makes it difficult to anticipate how and when a resurgence in the display industry will occur. On the flip side, increased demand for displays in medical equipment including ventilators and respirators is expected to keep the demand for displays afloat in the coming months. The report will account for Covid19 as a key market contributor.