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.

 Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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