The Global Liquid Crystal on Silicon (LCoS) Projector market is to grow at a CAGR of 112.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing penetration of LCoS technology in projectors. The Global LCoS Projector market has also been witnessing the increasing adoption of embedded and pocket projectors. However, the lack of adoption of LCoS projectors could pose a challenge to the growth of this market.
Embedded and pocket projectors are fast gaining popularity among the customers in the market due to their features such as portability and capability to deliver high picture quality. The embedded projectors find their applications in camcorders, view-finders, mobile handsets, HUDs, and HMDs. Embedded projectors are expected to witness unprecedented growth during the forecast period due to their high adoption in the above-mentioned application segments. Moreover, pocket projectors are also gaining popularity in the Corporate and Non-business Customers sectors due to their immense flexibility. It is expected that the share of LCoS projectors in the Global Embedded, Small, and Pocket Projectors market will witness high growth, thereby fuelling the growth of the Global LCoS Projector market during the forecast period.
One of the main drivers in this market is the increasing adoption of augmented reality devices. Augmented reality products such as HUDs, HMDs, and Google glasses are fast gaining popularity among customers. Moreover, LCoS projectors are witnessing more adoption than the other available technologies such as 3LCD, DLP, and 3-chip DLP. Thus, the increasing popularity of LCoS projectors will tend to foster the growth of the market during the forecast period.
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