A reflective active-matrix liquid crystal display that is miniature resembles liquid crystal on silicon. Although Lcos was originally intended for projectors, it is now used in a variety of applications, including structured illumination, optical pulse shaping, near-eye displays, and wavelength selective switching. Transmissive LCDs, which let light pass through the liquid crystal, are used in some LCD projectors. The results from the Lcos products are more accurate and of higher quality than those from other technologies. Head-mounted displays, microscopy SLM, head-up displays, and many other products have been built using this technology.
According to Data Bridge Market Research, the Global Liquid on Silicon (Lcos) Market is expected to reach a value of USD 1.60 billion in 2021 and is expected to reach USD 2.37 billion by 2029, registering a CAGR of 5.02 % during the forecast period of 2022 to 2029
“Growing demand in automotive sector surge market demand"
The global liquid on silicon (Lcos) market is experiencing growth due to the increasing demand for heads-up displays (HUDs) in the automotive sector. HUDs are becoming increasingly popular in high-end cars and are expected to be adopted in medium-segment cars as well. Liquid on silicon (Lcos) technology offers advantages such as high resolution, brightness, and energy efficiency, making it suitable for HUD applications. This growing demand for HUDs in the automotive industry is driving the growth of the liquid on silicon (Lcos) market globally.
What restraints the growth of the liquid on silicon (Lcos) market?
“High cost can impede the market growth”
The high cost of installation and manufacturing is a significant restraint in the liquid on silicon (Lcos) market. The complex manufacturing process and the need for specialized equipment contribute to higher production costs, which in turn affect the pricing of Lcos devices. The relatively high cost of Lcos technology limits its adoption, especially in price-sensitive markets and among budget-conscious consumers. This cost constraint poses a challenge to the widespread growth and market penetration of liquid silicon (Lcos) technology.
Segmentation: Global Liquid on Silicon (Lcos) Market
The liquid on silicon (Lcos) market is segmented on the basis of product, technology, architecture, application and design type.
- On the basis of product, the liquid on silicon (LCOS) market is segmented into projectors, head-up display (HUD), head mount display (HMD), others
- On the basis of technology, the liquid on silicon (LCOS) market is segmented into ferroelectrics (F-LCOS), nematics lcos (NLC), wavelength selective switching (WSS)
- On the basis of architectures, the liquid on silicon (LCOS) market is segmented into color filter liquid crystal on silicon (LCOS), color sequential LCOS
- On the basis of application, the liquid on silicon (LCOS) market is segmented into consumer electronics, automotive, aviation, military, optical 3d measurement, medical, others
- On the basis of design type, the liquid on silicon (LCOS) market is segmented into one panel design, three panel design.
Regional Insights: North America dominate the Global Liquid on Silicon (Lcos) Market
North America holds a dominant position in the liquid on silicon (Lcos) market, primarily driven by the increasing demand for Lcos technology in the education sector and the home theater projector market. The education sector in North America is adopting Lcos-based projectors for interactive learning experiences, while consumers are embracing Lcos projectors for immersive home entertainment. The region's advanced technological infrastructure, strong presence of key market players, and consumer inclination towards high-quality visual experiences contribute to North America's market dominance in the Lcos market.
Asia-Pacific is expected to witness rapid growth in the global liquid on silicon (Lcos) market due to the increasing demand for consumer electronics in the region. The rising population, growing disposable income, and expanding middle-class population are driving the demand for smartphones, tablets, televisions, and other electronic devices. Lcos technology, known for its high-resolution and energy-efficient display capabilities, is being increasingly adopted by manufacturers in Asia-Pacific to cater to the growing consumer electronics market, thereby propelling the region's growth in the Lcos market.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-liquid-on-silicon-lcos-market
Recent Developments in Global Liquid On Silicon (Lcos) Market
- In 2019, A brand-new virtual reality headset is being featured on Valve's teaser website, Valve Index.
- In 2019, At Photonics West 2019, Fourth Dimension Display unveiled a 2K x 2K high-performance reflective lcos device.
The Prominent Key Players Operating in the Global Liquid On Silicon (Lcos) Market Include:
- 3M (U.S.)
- Barco (Belgium)
- Canon Singapore Pte. Ltd. (Singapore)
- Guangzhou Weijie Electronic Technology Co., Ltd. (China)
- Himax Technologies, Inc. (Taiwan)
- Hitachi Ltd. (Japan)
- HOLOEYE Photonics AG (Germany)
- JVCKENWOOD Corporation (Japan)
- LG Electronics (South Korea)
- Microvision, (U.S.)
- SANTEC CORPORATION (Japan)
- Silicon Micro Display (U.S.)
- Sony India (Japan)
- Syndiant, (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global liquid on silicon (Lcos) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Liquid on Silicon (Lcos) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
