Liquid Crystal On Silicon Display (LCoS) Market Report

Market Insights

The Liquid Crystal on Silicon Display (LCoS) Market is estimated to grow from USD 1.61 billion in 2021 to USD 2.62 billion by 2028 at a healthy CAGR of 7.26% during the forecast period of 2022-2028.

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.

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.

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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.

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 2021. 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 2021 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.

Market Segmentation

The market is segmented in the following ways:

By Product Type

• Head-mounted Display (HMD)
• Projector
• Head Up Display (HUD)

By End Use Type

• Consumer Electronics
• Automotive
• Aviation
• Optical 3D Measurement
• Medical
• Military

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the 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.