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    Liquid Crystal On Silicon Display (LCoS) Market Report

    Liquid Crystal On Silicon Display (LCoS) Market Report
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    Liquid Crystal on Silicon Display (LCoS) Market Size, Share, Trend, Forecast, & Indust See more...

    Impact of COVID-19 on Liquid Crystal On Silicon Display (LCoS) Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Liquid Crystal On Silicon Display (LCoS) Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    What is Liquid Crystal on Silicon Display (LCoS)?

    LCoS microdisplay is primarily constructed with a liquid crystal layer sandwiched between a silicon semiconductor and a thin-film transistor (TFT) with a reflective coating. These LCoS displays are widely used in projectors. Liquid crystal on silicon is a new display technology that uses liquid crystals for display. The liquid crystal on silicon has widespread applications in different sectors such as automation, defense, medical & entertainment. This display offers a fine quality output. Liquid crystal on silicon has significantly revolutionized the present situation where the cathode ray tube and plasma technology are being widely replaced by digital light processing, liquid crystal display, and liquid crystal on silicon technologies.

    The Liquid Crystal on Silicon Display (LCoS) Market is estimated to grow from USD 1.5 billion in 2020 to USD 2.2 billion by 2026 at a healthy CAGR of 7.2% during the forecast period.

    Liquid Crystal on Silicon Display (LCoS) Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    US$ 1.5 billion

    Market Size in 2026

    US$ 2.2 billion

    Market Growth (2021-2026)

    7.2% CAGR

     

    Liquid Crystal on Silicon Display (LCoS) Market Size, 2020-2026 (USD Billion)

    Liquid-Crystal-on-Silicon-Display-(LCoS)-Market-Forecast

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    Market Drivers

    The Liquid Crystal on Silicon Display (LCoS) market is mainly propelled by growing demand for high-resolution displays. Also, LCoS-based products provide excellent quality and more correct results than other competing technologies, such as digital light processing (DLP) and liquid crystal display (LCD). Moreover, rising implementation into existing applications & platforms, including gamification for AR applications, customer engagement, social media-based marketing, and enterprise collaboration for unified workplace communications. Virtual reality technology has further gained popularity as well as adoption in the past few years, thus augmenting the market growth.

    Covid-19 Impact Analysis

    The outbreak of COVID-19 negatively affected the Liquid Crystal on Silicon Display (LCoS) industry. Due to the worldwide lockdown measures, the consumer electronics and enterprise industries witnessed a huge loss in terms of production, with significant impact experienced by the BFSI, manufacturing, and retail sectors, thus affecting the market growth.

    Segments' Analysis

    Product Trends

    Based on Product, the Liquid Crystal on Silicon Display (LCoS) market has been classified into Head-mounted Display (HMD), Projector, and Head-Up Display (HUD). The Head-mounted Display (HMD) segment accounted for the largest market share in 2020. Head-mounted displays are extensively used for augmented & virtual reality which have unique features that handheld displays & spatial displays do not provide. Also, it effectively offers ground deployed troops with the technology utilized by pilots in military and navy sectors, thus promulgating the segment growth.

    Regional Trends

    By region, the Asia Pacific Liquid Crystal on Silicon Display (LCoS) market held a significant share in 2020 and is expected to grow at a significant CAGR during the review period. The Liquid Crystal on Silicon Display (LCoS) market growth is mainly propelled by growing economic growth, which was reflected in rising disposable incomes in countries like China and India. Also, the significant presence of semiconductor and consumer electronics companies in countries of Taiwan, China, South Korea, and Japan, further boosts the regional market growth.

    The North America Liquid Crystal on Silicon Display (LCoS) market is expected to grow at a healthy CAGR during the review on account of the growth of the major end-use industries. . The region is equipped with R&D support along with a huge financial backing for the development as well as strong adoption of advanced technologies across industries, and increasing sales of consumer electronics, which are likely to bolster the regional market growth.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Liquid Crystal on Silicon Display (LCoS) market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

    • What are the key trends in the Liquid Crystal on Silicon Display (LCoS) market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on Liquid Crystal on Silicon Display (LCoS) market?
    • What are the key strategies adopted by the major vendors to lead in the Liquid Crystal on Silicon Display (LCoS) market?
    • What is the market share of the top vendors?

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    Key Players

    Key players operating in the global Liquid Crystal on Silicon Display (LCoS) Market are-

    • OmniVision Technologies Inc. (US)
    • Hamamatsu Photonics KK (Japan)
    • Meadowlark Optics Inc. (US)
    • Syndiant Inc. (US)
    • HOLOEYE Photonics AG (Germany)
    • JVC KENWOOD USA Corporation (US)
    • Sony Corporation (Japan)
    • Koninklijke Philips NV (Netherlands)
    • Google Inc. (US)
    • Microsoft Corporation (US)

    Target Audience

    The target audience of Liquid Crystal on Silicon Display (LCoS) Market includes-

    • Liquid Crystal on Silicon Display (LCoS) Vendors
    • Liquid Crystal on Silicon Display (LCoS) Manufacturers
    • Liquid Crystal on Silicon Display (LCoS) Distributors
    • Organizations
    • Government Bodies.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The liquid crystal on silicon display market is expected to witness an impressive growth of 7.2% CAGR in the coming years.

    OmniVision Technologies Inc. (US), Hamamatsu Photonics KK (Japan), Meadowlark Optics Inc. (US), Syndiant Inc. (US), HOLOEYE Photonics AG (Germany), JVC KENWOOD USA Corporation (US), Sony Corporation (Japan), Koninklijke Philips NV (Netherlands), Google Inc. (US), Microsoft Corporation (US) are among the key players in the liquid crystal on silicon display market.

    The liquid crystal on silicon display market size is expected to reach USD 2.2 billion in the foreseeable future.

    The Head-mounted Display (HMD) segment accounted for the largest share in the liquid crystal on silicon display market in 2020.

    Asia-pacific is expected to grow at a significant CAGR in the liquid crystal on silicon display market in the next five years.

    Liquid Crystal on Silicon Display (LCoS) Vendors, Liquid Crystal on Silicon Display (LCoS) Manufacturers, Liquid Crystal on Silicon Display (LCoS) Distributors, Organizations, Government Bodies are the target audience in the liquid crystal on silicon display market.

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