Liquid Crystal On Silicon Market Outlook 2031
The global liquid crystal on silicon market size was USD 2.12 Billion in 2022 and is expected to reach USD 3.94 Billion by 2031 projected to expand at a robust CAGR 7.14% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing demand for high resolution displays in emerging economies.
The products that are based on LCoS provides higher quality and more accurate results than devices that uses technologies, such as digital light processing (DLP) and liquid crystal display (LCD). The expensive nature of LCoS-based displays has resulted in handful number of industry players in the market.
Liquid crystal on silicon (LCoS) is a reflective active-matrix liquid crystal display, also known as microdisplay, that has a liquid crystal layer on top of a silicon backplane, which is also called as special light modulator. The LCoS was primarily invented for the projection purpose. However, now it is used for wavelength selective switching, structured illumination, near-eye displays, and optical pulse shaping.
Some LCD projectors use transmissive LCD that allows the light to pass through the liquid crystal. LCoS displays are mainly bifurcated into two major categories, single-panel and three-panel designs. In single panel design, one display chip indicates green, blue, and red components simultaneously.
When the frequency of color fields reduces than 540 Hz, an color break up effect can be witnessed on the display. To display all three colors over a single frame time, the single-panel projectors need a high-speed display component, which are cost-effective than that of three-panels.
In three-panel design, each color has one display chip, where the images are merged optically. The white light is fragmented into three components, namely green, blue, and red, and are congregated again after the modulation. Thus, the light is polarized by the beam splitters.
Liquid Crystal On Silicon Market Trends, Drivers, Restraints, and Opportunities
- The wide range compatibility of LCoS and open technology platforms are expanding the potential scope of areas of applications, which is expected to fuel the market growth.
- Increasing demand for LCoS-based projectors for sports events is significantly contributing to the market growth.
- Small pixel size of LCoS-based projectors can hinder the market growth.
- Rising demand for Pico LCoS projectors in consumer applications such as projecting videos, photos, and reading documents and is estimated to foster the market growth in the coming years.
- Ongoing research and development activities is anticipated to present numerus opportunities for the market players during the forecast period.
Scope of Liquid Crystal On Silicon Market Report
The report on the global liquid crystal on silicon market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Liquid Crystal On Silicon Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Products (Head-mounted Displays (HMDs), Head-up Displays (HUDs), and Projectors) and Applications (Automotive, Aviation, Electronics, Medical, Military, and Optical 3D Measurement)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M, Cannon Inc., Himax Display Inc., Holoeye Systems Inc., JVC Kenwood Corporation, LG Electronics Inc., Microvision Inc., Pioneer Corporation, Sony Corporation, and Syndiant Inc.
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Liquid Crystal On Silicon Market Segment Insights
Product Segment Analysis
Based on products, the market is segmented into head-mounted display (HMDs), head-up displays (HUDs), and projectors. The projectors segment is anticipated to account for a large market share owing to its increasing number of applications in education system, business, and home theatre systems. Russia, Mexico, India, and Indonesia are some of the countries that are using these projectors in the education industry.
In 2020, the HUDs segment accounted for a considerable market share owing to its increasing usage in training and simulation purposes in business. They are also commonly used in the aircrafts and automotive sector. Increasing usage of HUDs in automobiles is helping the automotive sector to expand globally. However, the HMDs segment is anticipated to exhibit a high CAGR owing to its wide use in gaming, research, sports activities, military applications, and aviation industry.
Application Segment Analysis
On the basis of applications, the market is classified into automotive, aviation, consumer electronics, medical, military, and optical 3D measurement. The consumer electronics segment is expected to account a large market share owing to the increasing disposable income and boost in the electronics industry.
The aviation segment is largely contributing to the growing demand for HUDs and HMDs along with advanced panels. On the other hand, the automotive segment is anticipated to expand at a substantial CAGR owing to rising demand for HUDs in automobiles, which is fueling the growth of the market segment.
Regional Outlook
In terms of regions, the global liquid crystal on silicon market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market in the coming years due to the large manufacturing of LCoS-based electronics and its growing demand in various industry verticals.
The market in Asia Pacific is anticipated to expand at a robust CAGR owing to the increasing demand for consumer electronics and the rapid growth of the projector market in this region. The market in Europe, and Middle East & Africa is projected to expand at a healthy rate due to the growing awareness of these types of projectors.
Segments
The global liquid crystal on silicon market has been segmented based on
Products
- Head-Mounted Displays (HMDs)
- Head-Up Displays (HUDs)
- Projectors
Applications
- Automotive
- Aviation
- Electronics
- Medical
- Military
- Optical 3D Measurement
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 3M
- Cannon Inc.
- Himax Display Inc.
- Holoeye Systems Inc.
- JVC Kenwood Corporation
- LG Electronics Inc.
- Microvision Inc.
- Pioneer Corporation
- Sony Corporation
- Syndiant Inc.
Competitive Landscape
Some key participants competing in the global liquid crystal on silicon market are 3M, Cannon Inc., Himax Display Inc., Holoeye Systems Inc., JVC Kenwood Corporation, LG Electronics Inc., Microvision Inc., Pioneer Corporation, Sony Corporation, and Syndiant Inc.
Leading market players are using strategies including mergers, and acquisitions, product development to build their strong position in the market. For instance,
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In January 2018, Canon USA launched a product line of laser and lamp LCoS projectors and interchangeable lenses. This innovation comprises the REALiS WUX5800Z, WUX6600Z, and WUX7000Z laser projectors as well as the REALiS WUX5800, WUX6700, and WUX7500 lamp projectors. These projectors provide users a high-resolution of 1920x1200 pixels, high brightness ranging from 5800-7500 Lumens, and versatile connectivity such as HDM for small conference rooms and large lecture halls.
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In August 2018, Sony Corporation launched SXRD [silicon X-Tal (crystal) reflective display] SXRD241A. The company claims it to be the world’s smallest reflective display instrument in full HD resolution built for portable projectors, and the CXD3554GG, a dedicated drive equipped LSI with HD signal processing function.
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