Sarasota, FL, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Liquid Crystal on Silicon (LCoS) Market by Product (HUD, HMD, and Projectors) for Automotive, Consumer electronics, Aviation, Military, Medical and Optical 3D Measurement Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global demand for Liquid Crystal on Silicon Market was valued at around USD 717.99 million in 2016 and is expected to reach approximately USD 3,465.60 million by 2022, growing at a CAGR slightly above 30% between 2017 and 2022.
LCoS is a reflective micro display technology based on a silicon backplane. Electronic circuits controlling the liquid crystals are constructed on a silicon chip and then coated with a highly reflective surface. This gives very high image quality as the circuitry is behind the pixel and does not produce an obstruction in the light path. These devices compete with DLP (Digital Light Processing) technology in the pico projector and projector markets. Viewfinders in the camera are also key application area of LCoS technology. With the help of standard CMOS processes, micro displays with high fill factor, extremely small pixels, and low fabrication costs are fabricated.
Browse through 27 Market Tables and 18 Figures spread through 110 Pages and in-depth TOC on “Global Liquid Crystal on Silicon Market: By Type, Product, Application, Size, Share, Analysis, Segment and Forecast 2016 – 2022”.
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Compared with other display technology such as LED, LCD, DLP and OLED, Liquid Crystal on Silicon offers optimum pixel structure, high-quality peak resolution, fill factor, superior contrast ration and brightness etc. The demand of Liquid Crystal on Silicon is growing constantly fueled by multiple factors which encourage the adoption of LCOS products in various applications such as Pico projectors, head-up-display, structured illumination, near-to-eye and head mounted displays. LCOS technology is expected to gain tremendous traction in the near future due to its better performance and higher efficiency.
Liquid Crystal on Silicon market is classified on the basis of product and application. Major product segments that make use of LCoS are projectors, Head-Mounted Display (HMD), and Head-Up Display (HUD). Some of the major application segments of the LCoS market include consumer electronics, automotive, aviation, medical, military and optical 3D measurement. Basic HMD models are also gaining popularity in video and gaming based applications. Other HMD applications include research, sports, and medicine. HMD with LCoS technology is majorly used for aviation and military applications for training and stimulations.
Browse the full "Liquid Crystal on Silicon (LCoS) Market by Product (HUD, HMD, and Projectors) for Automotive, Consumer electronics, Aviation, Military, Medical and Optical 3D measurement Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/liquid-crystal-on-silicon-market
Consumer electronics is the most attractive application segment of the market followed by aviation segment. Advanced panels are used in HMD and HUD products in aviation. Consumer electronics is the fastest growing application at CAGR around 32.2% during the forecast period. Aviation application also uses advance LCoS panels in both of its HUD and HMD products.
North America held the largest share of LCoS market in 2016 followed by Europe. Major end users of North American LCoS market are consumer electronics, military, automotive, aviation optical 3D measurement, and medical among others. U.S. is leading North American market on account of huge demand of projection and display-based products. Major factors fueling the market growth in Canada include growing adoption of LCoS displays amongst several applications including automotive, industrial and transmission & distribution sector. North America HMD market contributed to over 35% of the global revenue in 2016 and is projected to maintain a steady growth rate during the forecast period. The majority of the overall demand is originating from safety services medical and defense.
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Europe has one of the biggest marketplaces for flat panel displays and another type of displays. The head mounted display industry in Europe will be driven on account of considerable innovation in display technologies. Europe is expected to experience considerable adoption of LCoS technology in the near future.
Asia Pacific LCoS market is projected to record fastest growth rate on account of the high growth of projector market and rising demand for consumer electronics in this region. Asia Pacific HMD market is predicted to emerge as the potential market due to low maintenance costs, low production costs, and availability of cheap labor with ample expertise in the field. Russia, India, Indonesia, and Mexico are prominent countries using projectors in the education sector. Latin America is expected to show considerable growth in LCoS market due to robust demand for pico projectors in the region. However, Middle East is predicted grow with sluggish CAGR for liquid crystal display market in the years to come.
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Key participants in this market arena include JVC Kenwood Corporation, 3M, Cannon Inc., Syndiant, LG Electronics, Sony Corporation, Pioneer Corporation, Himax Display Inc., Holoeye Systems Inc. (U.S.), Microvision Inc. and others.
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The report segments the global Liquid Crystal on Silicon (LCoS) market into:
Global Liquid Crystal on Silicon (LCoS) Market: Product Segment Analysis
- HUD
- HMD
- Projectors
Global Liquid Crystal on Silicon (LCoS) Market: Application Segment Analysis
- Automotive
- Consumer electronics
- Aviation, Military
- Medical
- Optical 3D Measurement
Global Liquid Crystal on Silicon (LCoS) Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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