Liquid Crystal On Silicon Market by Products (Head-mounted Displays (HMDs), Head-up Displays (HUDs), and Projectors), Applications (Automotive, Aviation, Electronics, Medical, Military, and Optical 3D Measurement), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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.
Attributes |
Details |
Report Title |
Liquid Crystal On Silicon Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Products (Head-mounted Displays (HMDs), Head-up Displays (HUDs), and Projectors) and Applications (Automotive, Aviation, Electronics, Medical, Military, and Optical 3D Measurement) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
3M, Cannon Inc., Himax Display Inc., Holoeye Systems Inc., JVC Kenwood Corporation, LG Electronics Inc., Microvision Inc., Pioneer Corporation, Sony Corporation, and Syndiant Inc. |
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquid Crystal On Silicon Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Liquid Crystal On Silicon Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Liquid Crystal On Silicon Market - Supply Chain
4.5. Global Liquid Crystal On Silicon Market Forecast
4.5.1. Liquid Crystal On Silicon Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Liquid Crystal On Silicon Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Liquid Crystal On Silicon Market Absolute $ Opportunity
5. Global Liquid Crystal On Silicon Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Liquid Crystal On Silicon Market Size and Volume Forecast by Applications
5.3.1. Automotive
5.3.2. Aviation
5.3.3. Electronics
5.3.4. Medical
5.3.5. Military
5.3.6. Optical 3D Measurement
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Liquid Crystal On Silicon Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Liquid Crystal On Silicon Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Liquid Crystal On Silicon Demand Share Forecast, 2019-2026
7. North America Liquid Crystal On Silicon Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Liquid Crystal On Silicon Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Liquid Crystal On Silicon Market Size and Volume Forecast by Applications
7.4.1. Automotive
7.4.2. Aviation
7.4.3. Electronics
7.4.4. Medical
7.4.5. Military
7.4.6. Optical 3D Measurement
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Liquid Crystal On Silicon Demand Share Forecast, 2019-2026
8. Latin America Liquid Crystal On Silicon Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Liquid Crystal On Silicon Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Liquid Crystal On Silicon Market Size and Volume Forecast by Applications
8.4.1. Automotive
8.4.2. Aviation
8.4.3. Electronics
8.4.4. Medical
8.4.5. Military
8.4.6. Optical 3D Measurement
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Liquid Crystal On Silicon Demand Share Forecast, 2019-2026
9. Europe Liquid Crystal On Silicon Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Liquid Crystal On Silicon Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Liquid Crystal On Silicon Market Size and Volume Forecast by Applications
9.4.1. Automotive
9.4.2. Aviation
9.4.3. Electronics
9.4.4. Medical
9.4.5. Military
9.4.6. Optical 3D Measurement
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Liquid Crystal On Silicon Demand Share Forecast, 2019-2026
10. Asia Pacific Liquid Crystal On Silicon Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Liquid Crystal On Silicon Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Liquid Crystal On Silicon Market Size and Volume Forecast by Applications
10.4.1. Automotive
10.4.2. Aviation
10.4.3. Electronics
10.4.4. Medical
10.4.5. Military
10.4.6. Optical 3D Measurement
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Liquid Crystal On Silicon Demand Share Forecast, 2019-2026
11. Middle East & Africa Liquid Crystal On Silicon Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Liquid Crystal On Silicon Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Liquid Crystal On Silicon Market Size and Volume Forecast by Applications
11.4.1. Automotive
11.4.2. Aviation
11.4.3. Electronics
11.4.4. Medical
11.4.5. Military
11.4.6. Optical 3D Measurement
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Liquid Crystal On Silicon Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Liquid Crystal On Silicon Market: Market Share Analysis
12.2. Liquid Crystal On Silicon Distributors and Customers
12.3. Liquid Crystal On Silicon Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. 3M
12.4.2. Cannon Inc.
12.4.3. Himax Display Inc.
12.4.4. Holoeye Systems Inc.
12.4.5. JVC Kenwood Corporation
12.4.6. LG Electronics Inc.
12.4.7. Microvision Inc.
12.4.8. Pioneer Corporation
12.4.9. Sony Corporation
12.4.10. Syndiant Inc