Global liquid crystal on silicon (LCoS) market is projected to grow with healthy a CAGR of 7.2%

The global liquid crystal on silicon (LCoS) market was valued at around $1.6 billion in 2021 and is projected to reach 2.9 billion by 2028 with a healthy CAGR of 7.2 % over the forecast years. The report is a comprehensive study of market definition, growth drivers, opportunities, and challenges. The report covers the geographical market along with comprehensive competitive landscape analysis.

Liquid crystal on silicon refers to the miniaturized reflective active-matrix liquid crystal display. LCoS was typically designed for projectors, but it is now used for a wide range of applications like optical pulse shaping, near-eye displays, structured illumination, and wavelength selective switching. Some LCD projectors utilize transmissive LCDs that permit light to get through the liquid crystal. The LCoS products offer high quality and more precise results than are not provided by any other technology. Some of the major products based on this technology include microscopy SLM, head-up display, head-mounted display, and many more.

The global liquid crystal on silicon (LCoS) market is anticipated to foresee enormous growth over the forecasted period on account of high demand for the projector in a home theater system, business meetings, and the education sector. Also, the growing demand for heads-up displays, particularly in the automobile sector, is likely to push the growth of the global liquid crystal on silicon (LCoS) market significantly in the forthcoming years. These head-up displays are massively used in high-end cars and are likely to get installed very soon in medium-segment cars. However, it is also used for training purposes in the defense sector. The audience for sports and cultural events is expanding rapidly, which in turn is further propelling the demand for projectors. As liquid crystal on silicon display is majorly used for offering high-resolution displays, they are finding huge implementations in current platforms and applications like enterprise collaboration for unified workplace communication, social media marketing, customer engagement, and gamification for AR applications. Additionally, virtual reality technology also poses a huge requirement for liquid crystal on silicon display, thereby strengthening the growth of the global market in the forthcoming years.

Browse the full “Liquid Crystal on Silicon (LCoS) Market By End-User (Military, Medical, Optical 3D Measurement, Aviation, Automotive, and Consumer Electronics), By Technology (Wavelength Selective Switching, Nematics LCoS, and Ferroelectric LCoS), By Product (Head-mounted Display, Projector, and Head-up Display), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/liquid-crystal-on-silicon-market

The global liquid crystal on silicon (LCoS) market can be segmented into end-user, technology, product, and region.

By end-user, the market can be segmented into military, medical, optical 3D measurement, aviation, automotive, consumer electronics, and others.

By technology, the market can be segmented into wavelength selective switching, nematics LCoS, and ferroelectric LCoS.

By product, the market can be segmented into the head-mounted display, projector, and head-up display. The head-mounted display segment accounts for the largest share in the global market due to its growing usage, particularly in augmented and virtual reality technology, as the held unique characteristics as spatial and handheld displays are not able to offer.

Asia Pacific swipes the largest share in the global liquid crystal on silicon (LCoS) market due to the growing disposable income of people. A few years back, when India's domestic electronics production surpassed the import amount, the region started recognizing it as the hub of manufacturing, thereby the market is likely to grow exponentially in the forthcoming years. Additionally, the growing interest of people in advanced technologies along with growing foreign direct investments in the region owing to manufacturing power and growing customer base will further accentuate the regional market growth exponentially.

Some of the significant players in the global liquid crystal on silicon (LCoS) market include Shenzhen Coolux Science & Technology Co. Ltd., JVC Kenwood Corporation, Holoeye Systems Inc., Guangzhou Weijie Electronic Technology Co. Ltd., Forth Dimension Displays Ltd., Citizen Finetech Miyota Co. Ltd., Himax Display Inc., Aaxa Technologies, Canon Inc., Sony Corporation, Siliconmicrodisplay Inc., LG Electronics, Microvision Inc., and pioneer corporation.

Recent developments:

• Valve in March 2019 launched Valve Index – a teaser site featuring a brand-new virtual reality headset.
• Fourth Dimension Display in February 2019 launched a 2K x 2K high-performance reflective LCOS device at Photonics West 2019.

Global liquid crystal on silicon (LCoS) market is segmented as follows:

By end-user

• Military
• Medical
• Optical 3D measurement
• Aviation
• Automotive
• Consumer electronics

By technology

• Wavelength selective switching
• Nematics lcos
• Ferroelectric lcos

By product

• Head-mounted display
• Projector
• Head-up display

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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