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 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 a camera are also key application area of LCoS technology. With the help of standard CMOS processes, microdisplays with high fill factor, extremely small pixels, and low fabrication costs are fabricated.
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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 ratio, 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.
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.
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North America held the largest share of LCoS market in 2016 followed by Europe. 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. 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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