At a CAGR of 7.2%, Global Liquid Crystal on Silicon (LCoS) Market is projected to grow USD 2.9 Billion by 2028: Industry Analysis, Trends, Forecast Report by Zion Market Research
NEW YORK, March 8, 2022 /PRNewswire/ -- As per Zion Market Research study, The global liquid crystal on silicon (LCoS) market was valued at around $1.6 billion in 2021 and is projected to reach 2.9 billion by 2028 with a healthy CAGR of 7.2 % over the forecast years. The report is a comprehensive study of market definition, growth drivers, opportunities, and challenges. The report covers the geographical market along with comprehensive competitive landscape analysis.
Zion Market Research published the latest report titled as "Liquid Crystal on Silicon (LCoS) Market By End-User (Military, Medical, Optical 3D Measurement, Aviation, Automotive, and Consumer Electronics), By Technology (Wavelength Selective Switching, Nematics LCoS, and Ferroelectric LCoS), By Product (Head-mounted Display, Projector, and Head-up Display), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028." into their research database.
Liquid Crystal on Silicon (LCoS) Market: Overview
Liquid crystal on silicon display is developed with the help of a liquid crystal layer placed in between a thin film transistor and a silicon semiconductor with reflective coatings. These displays are highly utilized in projectors. Liquid crystal display is an innovative technology that makes use of liquid crystals for display purposes. These silicones find a wide number of applications in different end-user sectors like entertainment, medical, defense, and automation. Touch display facilitates a very fine quality output. However, these liquid crystals on silicon have massively revolutionized the current market landscape as plasma and cathode ray tube technology is largely being replaced by the digital light processing liquid crystal on silicon and liquid crystal display technologies. LCoS offers high contrast and resolution ratios. They deliver more accurate results when compared to DLP and LCD.
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Liquid crystal on silicon refers to the miniaturized reflective active-matrix liquid crystal display. LCoS was typically designed for projectors, but it is now used for a wide range of applications like optical pulse shaping, near-eye displays, structured illumination, and wavelength selective switching. Some LCD projectors utilize transmissive LCDs that permit light to get through the liquid crystal. The LCoS products offer high quality and more precise results than are not provided by any other technology. Some of the major products based on this technology include microscopy SLM, head-up display, head-mounted display, and many more.
Industry Dynamics:
Liquid Crystal on Silicon (LCoS) Market: Growth Drivers
Increasing demand for projectors from the different end-users sectors is likely to drive the growth of the global market.
The global liquid crystal on silicon (LCoS) market is likely to spur exponentially in the forthcoming years due to the growing demand for projectors in different areas like education and others. Additionally, the inclusion of fun learning in the education curriculum is likely to further expand the scope of liquid crystals on silicon displays. Educating children with the help of video lectures and examples is on the rise, which in turn is very beneficial for the liquid crystal on silicon display market. The growing inclination of people towards the sport and cultural events globally is further accentuating the demand for projectors in the market. However, the demand for advanced projects like Pico is expected to drive the market. Its high compatibility with a wide range of products is of immense importance to manufacturers. However, the different advantages of liquid crystal on silicon over other computing technologies are also increasing its adoption rate. The supreme technology of silicon, like ruggedness and better equality, are among the leading growth drivers.
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Liquid Crystal on Silicon (LCoS) Market: Restraints
High research and development support is likely to restrain the growth of the global market.
The extensive requirement for research and development support along with huge financial backing is likely to hamper the growth of the global market.
Liquid Crystal on Silicon (LCoS) Market: Opportunities
Rapidly proliferating aviation sector is likely to create huge opportunities in the global market.
The growing deployment of liquid crystal on silicon technology in aviation space is likely to offer lucrative growth opportunities in the global liquid crystal on silicon (LCoS) market in the forthcoming years. Additionally, the government in several regions is investing heavily to strengthen its aviation sector. Therefore, it is expected to generate huge revenue in the forthcoming years.
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Liquid Crystal on Silicon (LCoS) Market: Challenges
Involvement of tech costs is a huge challenge in the global market.
However, the growing cost of technology as compared to traditional technology is high. Therefore, manufacturers are finding difficulty in manufacturing LCoS microdevices.
List of Key Players of Liquid Crystal on Silicon (LCoS) Market:
- Holoeye Systems Inc.
- Guangzhou Weijie Electronic Technology Co. Ltd.
- Citizen Finetech Miyota Co. Ltd.
- Forth Dimension Displays Ltd.
- Aaxa Technologies
- Canon Inc.
- Shenzhen Coolux Science & Technology Co. Ltd.
- Sony Corporation
- Siliconmicrodisplay Inc.
- Himax Display Inc.
- JVC Kenwood Corporation
- LG Electronics
- Microvision Inc.
- pioneer corporation.
Key Industry Insights & Finding of the Liquid Crystal on Silicon (LCoS) Market Reports:
- As per the analysis shared by our research analyst, the Liquid Crystal on Silicon (LCoS) Market is expected to grow annually at a CAGR of around 7.2% (2022-2028).
- Through the primary research, it was established that the Liquid Crystal on Silicon (LCoS) Market was valued approximately USD 1.6 billion in 2021 and is projected to reach to roughly USD 2.9 billion by 2028.
- On the basis of Asia Pacific accounts for the largest share in the global liquid crystal on silicon (LCoS) market due to the presence of growing economies like China, India, and Japan.
Key questions answered in this report:
- What is the growth rate forecast and market size for Liquid Crystal on Silicon (LCoS) Market?
- What are the key driving factors propelling the Liquid Crystal on Silicon (LCoS) Market forward?
- What are the most important companies in the Liquid Crystal on Silicon (LCoS) Market Industry?
- What segments does the Liquid Crystal on Silicon (LCoS) Market cover?
- How can I receive a free copy of the Liquid Crystal on Silicon (LCoS) Market sample report and company profiles?
Report Scope:
Liquid Crystal on Silicon (LCoS) Market: Segmentation Analysis
The global liquid crystal on silicon (LCoS) market can be segmented into end-user, technology, product, and region.
By end-user, the market can be segmented into military, medical, optical 3D measurement, aviation, automotive, consumer electronics, and others.
By technology, the market can be segmented into wavelength selective switching, nematics LCoS, and ferroelectric LCoS.
By product, the market can be segmented into the head-mounted display, projector, and head-up display.
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Recent Developments:
- Syndiant Inc. in January 2019 announced optical engine platforms and 1080p & 4K UHD LCOS microdisplays at the 2019 Consumer Electronics Show in Las Vegas, Nevada.
- Fourth Dimension Display in February 2019 launched a 2K x 2K high-performance reflective LCOS device at Photonics West 2019.
- Regional Dominance:
- Asia Pacific accounts for the largest share in the global liquid crystal on silicon (LCoS) market due to the presence of growing economies like China, India, and Japan.
Asia Pacific accounts for the largest share in the global liquid crystal on silicon (LCoS) market due to the presence of growing economies like China, India, and Japan. Furthermore, the growing disposable income of people in the region is further likely to complement the growth of the regional market. Consumer's lifestyle in the region is changing massively. People in the region are highly adopting new technology owing to their rising living standards. Additionally, the growing penetration of electronic goods in the middle-class sector in the region is likely to further expand the scope of the regional market in the forthcoming years.
Global Liquid Crystal on Silicon (LCoS) Market is segmented as follows:
Liquid Crystal on Silicon (LCoS) Market: By End-User Outlook (2022-2028)
- Military
- Medical
- Optical 3D measurement
- Aviation
- Automotive
- Consumer electronics
Liquid Crystal on Silicon (LCoS) Market: By Technology Outlook (2022-2028)
- Wavelength selective switching
- Nematics lcos
- Ferroelectric lcos
Liquid Crystal on Silicon (LCoS) Market: By Product Outlook (2022-2028)
- Head-mounted display
- Projector
- Head-up display
Liquid Crystal on Silicon (LCoS) Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Press Release for Liquid Crystal on Silicon (LCoS) Market: https://www.zionmarketresearch.com/news/global-liquid-crystal-on-silicon-lcos-market-is
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