Liquid Crystal on Silicon (LCoS) Market Size is Growing Globally by 2024

Press Release   •   Jan 17, 2018 05:26 EST

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.

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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.

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.

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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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