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Market Research Report

Global Liquid Crystal on Silicon Display Market - Segmented by Product, Technology, Application, and Region - Growth, Trends, and Forecast

Published by Mordor Intelligence LLP Product code 393794
Published Content info 110 Pages
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Global Liquid Crystal on Silicon Display Market - Segmented by Product, Technology, Application, and Region - Growth, Trends, and Forecast
Published: May 14, 2018 Content info: 110 Pages

The global LCoS display market is projected to grow at a CAGR of 32.14% over the forecast period (2018 - 2023). The regions considered in the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

The increasing demand for high-resolution display is expected to boost the liquid crystal on silicon (LCoS) display market. LCoS-based products offer higher quality and more precise results than the other competing technologies, such as liquid crystal display (LCD) and digital light processing (DLP). Compatibility with a wide range of products, an open technology platform, and superiority in terms of the competing technology are some of the major drivers of market growth. These LCoS displays are frequently used in projectors and the rising demand for projectors during sports events is also expected to aid as a key market opportunity for the LCoS display market. Automotive, medical, aviation, consumer electronics, military, and optical 3D measurement are the other major application-based segments of the LCoS display market. However, the cost of this technology when compared to competitive technologies, like LCD and LED, is hindering the market.

Technological Advancements and Increasing Demand for High-resolution Display Products to Drive Market Growth

Recent advances in integrated circuit design and liquid crystal materials have increased the application of LCoS to displays and other optical functions. Evolving technology related to pixels is driving the market for LCoS. This technology is used to minimize the gap between pixels and improve the overall image quality. The new LCoS designs have reduced power consumption to make portable displays and viewing elements more viable. Also, innovative optical system elements, including image & illumination waveguides and laser illuminators, have been combined into LCoS based display systems for HMD, HUD, projector, and image analysis/surveillance direct view monitor applications. Expansion in the consumer electronics and aviation applications, where LCoS panels are increasingly used in products like HUD and HMD products with the latest technological advancements coupled with the rising demand for high resolution in consumer electronics, is driving the market.

Projectors Witnessed Huge Demand for LCoS Systems

Projectors constitute the major market share of the LCoS display market. The increasing preference for a theater-like gaming experience or movie among consumers has led to rising adoption of home LCoS projectors. This increasing adoption is largely due to the high resolution of the LCoS projector, and a high refresh rate that reduces flicker effect. Due to this, LCoS projectors are finding increasing adoption in a series of handheld and installation projectors. LCoS projectors are a hybrid of both the liquid crystal as well as the DLP technology. This dual combination of technology allows these projectors to have higher image resolution and better picture quality within a compact size.

North America Expected to Hold the Largest Market Share

North America has a very mature market, with lower growth rates for the majority of end-user verticals. However, the region is expected to exhibit a rise in the use of LCoS of the premium product range in the consumer electronics, military, and aerospace. The micro-displays in this region are gaining momentum and have applications in the automotive sector as well as data storage. Moreover, major electronics makers, like LG and Sony, and presence of manufacturing units of major companies, like 3M, LG, Sony and Pioneer Corporation, in the region is also favoring the LCoS display market. These companies are investing heavily in the development of high-resolution, flexible, and stretchable displays. Additionally, the aviation industry is another application that is increasingly using LCoS for high illuminated displays. Surging investments in the aviation industry are also expected to favor the LCoS display market.

Key Developments in the Market

January 2018 - Continuing to exceed the demands of professional projection applications across a wide range of industries, Canon U.S.A. Inc., a worldwide leader in digital imaging solutions, had expanded its award-winning REALiS LCOS projector lineup. The REALiS WUX5800Z, WUX6600Z, and WUX7000Z Laser Projectors and the REALiS WUX5800, WUX6700, and WUX7500 Lamp Projectors were launched which offers users WUXGA (1920 x 1200) high resolution, high brightness ranging from 5800-7500 Lumens, and versatile connectivity, including HDMI and DisplayPort terminals, all in an enhanced, durable as well as compact body.


Reasons to Purchase this Report

Impact of factors driving and challenging the growth of LCoS market

Analyzing various perspectives of the market with the help of Porter's five forces analysis

Opportunities offered by automotive HUDs

Regional analysis of the market

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Table of Contents
Product Code: 54367

Table of Contents

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 Executive Summary

2. Research Approach and Methodology

  • 2.1 Key Deliverables of the Study
  • 2.2 Study Assumptions
  • 2.3 Analysis Methodology
  • 2.4 Research Phases

3. Market Insights

  • 3.1 Market Overview
  • 3.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 3.2.1 Bargaining Power of Suppliers
    • 3.2.2 Bargaining Power of Consumers
    • 3.2.3 Threat of New Entrants
    • 3.2.4 Threat of Substitute Products or Services
    • 3.2.5 Competitive Rivalry among Existing Competitors
  • 3.3 Industry Value Chain Analysis

4. Market Dynamics

  • 4.1 Market Drivers
    • 4.1.1 Wide Range of Compatibility
    • 4.1.2 Technological Advancements and Open Technology Platform
  • 4.2 Market Restraints
    • 4.2.1 Expensive than Competing Technologies

5. Global Liquid Crystal on Silicon Display Market Segmentation

  • 5.1 By Product
    • 5.1.1 Head-Mounted Display (HMD)
    • 5.1.2 Head Up Display (HUD)
    • 5.1.3 Projector
    • 5.1.4 Others
  • 5.2 By Technology
    • 5.2.1 Felloelectrics LCoS (FLCoS)
    • 5.2.2 Nematics LCoS (NLCoS)
    • 5.2.3 Wave Length Selective Switching (WSS)
  • 5.3 By Application
    • 5.3.1 Consumer Electronics
    • 5.3.2 Automotive
    • 5.3.3 Aviation
    • 5.3.4 Optical 3D Measurement
    • 5.3.5 Medical
    • 5.3.6 Military
    • 5.3.7 Others
  • 5.4 By Region
    • 5.4.1 North America
      • United States
      • Canada
      • Rest of North America
    • 5.4.2 Europe
      • United Kingdom
      • Germany
      • France
      • Russia
      • Rest of Europe
    • 5.4.3 Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia-Pacific
    • 5.4.4 Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • 5.4.5 Middle East & Africa
      • Saudi Arbia
      • UAE
      • Rest of Middle East & Africa

6. Vendor Market Share

7. Competitive Intelligence - Company Profiles

  • 7.1 3M
  • 7.2 Canon, Inc.
  • 7.3 Himax Display, Inc.
  • 7.4 Pioneer Corporation
  • 7.5 Microvision, Inc.
  • 7.6 LG Electronics, Inc.
  • 7.7 Holoeye Systems, Inc.
  • 7.8 JVC Kenwood Corporation
  • 7.9 Sony Corporation
  • 7.10 Syndiant, Inc.

List is not Exhaustive

8. Investment Analysis

9. Future Outlook of Liquid Crystal on Silicon Display Market

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