The Global Market for Liquid Crystal on Silicon (LCoS) is Projected to Reach US$1.3 Billion by 2020
Rise in Demand for HD Displays & HMDs to Drive the Liquid Crystal
on Silicon (LCoS) Displays Market, According to a New Report by Global
Industry Analysts, Inc.
GIA launches comprehensive analysis of industry segments,
trends, growth drivers, market share, size and demand forecasts on the global Liquid
Crystal on Silicon (LCoS) Displays market.
The global market for Liquid Crystal on Silicon (LCoS) is projected to reach US$1.3
billion by 2020, driven by the growing need for high-quality displays
featuring improved contrast ratio and peak resolution.
Demand for Liquid Crystal on
Silicon (LCoS) is growing at a steady pace
globally, fuelled by a multitude of factors encouraging the deployment of LCoS
based products in various applications such as Pico Projectors, Near-to-eye and
Head Mounted Displays, Head-Up-Display (HUD) and structured illumination. A
rise in demand for high-resolution displays is expected to further propel
growth of the LCoS market. The technology is also used in electronic
viewfinders for film cameras, digital cameras, and WSS (wavelength selective
switches) and SLM (spatial light modulator). LCoS technology is expected to
gain growth buoyed by its capability to infuse better performance, greater
efficiency, and low costs in products built on it. Over the years,
manufacturers have overcome several limitations associated with LCoS such as
Low Panel assembly yield, uniformity and alignment problems with engine
manufacturing, and high lamp costs. When compared to other microdisplay
technologies including LCD, OLEDs and DLPs, LCoS offers superior image quality,
optimum pixel structure, high quality peak resolution, excellent contrast
ratio, fill factor, and brightness. Also, LCoS is considered cost-effective in production
as it usually uses IC backplane fabrication with flexible designs.
Incorporation of LCoS technology in modern projectors continues to buoy
growth in the displays market. Projectors are gaining widespread recognition,
both as a business and an entertainment tool. The global automotive industry
presents significant opportunities for LCoS-based technology and products. Heads-Up Display panels used in
luxury and premium segment cars are placing the LCoS market in an overdrive. The integration of
LCoS-based heads-up units with digital instrumentation cluster is another
upcoming technology in the realm of smart automobiles. LCoS microdisplays
are also used in immersive head-mounted display (HMDs) that engage the user in
the virtual 3D warfare environment and different scenarios. Also with defense budgets
continuing to shrink across nations, demand for virtual training and simulation
technologies is expected to gain importance to meet the constrained training
costs, thus driving the demand for micro displays such as LCoS.
As stated by the new market research report on Liquid
Crystal on Silicon (LCoS), Europe
represents the largest regional market worldwide. Asia-Pacific ranks as the fastest
growing market with a projected CAGR of 24.8% over the analysis period.
Major players in the Liquid
Crystal on Silicon (LCoS) market include AAXA Technologies, Inc., Canon Inc.,
Finisar Corporation, Forth Dimension Displays Ltd., Hamamatsu Photonics K.K.,
Himax Display, Inc., HOLOEYE Systems, Inc., JVC Kenwood Corporation, and
Syndiant Inc., among others.
The research report titled “Liquid
Crystal on Silicon (LCoS): A Global Strategic Business Report” announced
by Global Industry Analysts Inc., provides a comprehensive review of global
market overview, market trends, growth drivers, strategic industry activities
of major companies worldwide. The report provides market estimates and
projections in US$ for geographic markets, such as US, Canada, Japan, Europe
(France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific
(China, and Rest of Asia-Pacific), Latin America and Rest of World.
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