The liquid crystal on silicon market is primarily driven due to the availability of an open technology platform, compatibility with a wide range of products and superiority in terms of competing technology such as LCD or DLP. Growing demand for high resolution liquid crystal on silicon (LCoS) based projectors is expected to propel market growth globally. However, high-cost of LCoS-based displays and presence of few players providing technology may hamper market growth. Since, these displays are often used in projectors; high demand for projectors during sports events may serve as a key market opportunity for the global LCoS market.
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Major products which make use of the technology include Head-Mounted Display (HMD), Head-Up Display (HUD) and projectors. Projectors account for considerable share in the LCoS market owing to a large number of applications in business, education and home theatre systems. HUD is used for training and simulation purposes as well as in aircrafts or high-end cars.
LCoS technology-based products are used extensively across application including aviation, consumer electronics, automotive, military, medical and optical 3D measurement. Consumer electronics is expected to dominate the global LCoS market followed by aviation applications, where LCoS panels are used increasingly in HUD and HMD products. Surging demand for HUDs in automobiles is expected to significantly boost market growth in automotive applications.
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North America dominated the global LCoS market followed by Europe owing to high rate of technology adoption in the region, particularly the aviation industry. The Asia Pacific market is expected to witness high growth over the forecast period owing to growing demand for consumer electronics as well as projectors. Key vendors in the LCoS market include 3M, Cannon Inc., Himax Display Inc., Pioneer Corporation, Microvision Inc., LG Electronics Inc., Holoeye Systems Inc., JVC Kenwood Corporation, Sony Corporation and Syndiant Inc.
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