Liquid Crystal on Silicon Market Scope
Liquid Crystal On Silicon (LCoS) also known as a spatial light modulator, is a display technology that uses liquid crystals for display. The most common use for LCoS is front- and rear-projection. Currently, LCoS is being widely used in Augmented reality applications. LCoS is very popular in holographic projection where the LCoS panel is a phase modulator that directs light only into the letters or symbology being displayed. The growing use of LCoS in near-eye and head-mounted displays will contribute the market growth in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Sony Corporation (Japan), Cannon Inc. (Japan), Syndiant (United States), LG Electronics (South Korea), JVC Kenwood Corporation (Japan), Pioneer Corporation (Japan), 3M Company (United States), Himax Display Inc. (Taiwan), Holoeye Systems Inc. (United States), Microvision Inc. (United States) and Hitachi Ltd. (Japan) |
CAGR | 7.2% |
The global liquid crystal on silicon market consists of few established players accounting for the major market shares. These key players are competing through innovations in product design and marketing to gain popularity in the market. The entry of private-labels in the market and the increasing competition has induced the vendors in this market to launch different products and services to maintain sustainability through unique and clear propositions. Research Analyst at AMA estimates that United States and Asian Players will contribute to the maximum growth of Global Liquid Crystal on Silicon market throughout the predicted period.
Sony Corporation (Japan), Cannon Inc. (Japan), Syndiant (United States), LG Electronics (South Korea), JVC Kenwood Corporation (Japan), Pioneer Corporation (Japan), 3M Company (United States), Himax Display Inc. (Taiwan), Holoeye Systems Inc. (United States), Microvision Inc. (United States) and Hitachi Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Aaxa Technologies (United States), Barco NV (Belgium), Citizen Finetech Miyota Co., Ltd. (Japan), Forth Dimension Displays Ltd. (United Kingdom), Guangzhou Weijie Electronic Technology Co., Ltd. (China), Microvision Inc. (United States) and Shenzhen Coolux Science And Technology Co., Ltd (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Liquid Crystal on Silicon market by Type , by Application (Consumer Electronics, Automotive, Aviation, Military, Optical 3D Measurement, Medical and Others) and Region with country level break-up.
On the basis of geography, the market of Liquid Crystal on Silicon has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2023, Omnivision introduced the OP03011, the first fully integrated, single-chip LCoS panel for next-generation AR, XR, and MR glasses and head-mounted displays. This panel features 3.8 µm pixels in a 0.14-inch optical format.
In January 2024, OMNIVISION unveiled the OP03050, a new low-power, small form factor LCoS panel that integrates the LCoS array, driving circuit, framebuffer, and interface in a single chip. This product is designed for smart AR/XR/MR glasses and head-mounted displays, with mass production expected in the second half of 2024.
Influencing Trend:
Trend For Open Technology Platform
Market Growth Drivers:
Growing Adoption of AR & VR Technology, Demand For Wide Range Compatibility and Increasing Near Eye Applications
Challenges:
Design Complexations of LCOS Devices
Restraints:
High Cost of Technology Development
Opportunities:
Growing Demand Consumer Electronics In End Users, Increasing Demand Of Embedded Pico Projectors and Rising Use Of HUDs In Automobiles Sector
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Liquid Crystal On Silicon Providers, Venture Capitalists, Private Equity Firms, Government Regulatory, Research Organizations and End Use Industry