Market Overview
The Global Liquid Crystal on Silicon Market (LCoS) is expected to hold a market value of
USD 3.3 billion by the end of 2023 and further anticipated to reach a market value of
USD 40.1 billion at a CAGR of 31.9% in the forthcoming period of 2023-2032.
This market defines a worldwide industry that is related to the production, development and distribution of liquid crystals on silicon-based products. LCoS is an advanced display technology that combines liquid crystal & silicon-based microdisplay elements. These are both combined and are used in various display applications including projectors, head-mounted displays, wearable glasses & spatial light modulators. Liquid crystal on
display is widely used in many key industries because it offers high-resolution picture quality to products. This market is driven by recent advancements in display technology and the increasing demand for high-quality visuals in various applications. As this technology continues to evolve & progress, the liquid crystal on the silicon market is likely to expand and adapt to keep up with the changing trends of major industries.
Market Dynamic
In the ever-changing landscape of the global liquid crystal on silicon market, many factors & trends come into play, shaping its growth and development. As this technology continues to evolve, with the improvement in microdisplay design, optics & electronics. These advancements lead to enhanced display quality, high resolution and energy efficiency, which has been driving the adoption of LCoS in various industries.
The growing demand for high-quality displays is acting as a major factor in this market, as it is particularly evident in applications such as augmented reality (AR) and virtual; reality (VR) headsets, where liquid crystal on silicon is used for its ability to offer better picture quality & colour pellet. As people are becoming more familiar with sustainable and environmentally friendly products, their demands have shifted toward eco-friendly products and the (Liquid crystal on silicon) LCoS market relatively being energy-efficient & eco-friendly serves its purpose and is gaining its market footing. As the existing technologies evolve to enhance the user experience, the global liquid crystal on silicon market will remain strong, with various growth opportunities.
Research Scope and Analysis
By Product
In the Global Liquid Crystal Silicon Market, projectors sub segment of product type segment hold a significant part in the global market. Projectors are equipped with Liquid crystal on silicon technology and offer exceptional features like higher picture quality, flexibility and a more vibrant colour palette. These projectors are used for different purposes like home entertainment, corporate presentation, educational institutions & in film industry due to their excellent image quality.
Moreover, LCoS projectors offer a flicker-free viewing experience, making it an excellent choice for use in home theatres and classrooms. These also find their use in
digital signage due to their high-quality imagery and colour accuracy. As the demand for high-definition display experience continues to grow, LCoS projectors will adapt to cater for those requirements. Their adaptability to the advancing technology indicates a positive growing market outlook.
By Technology
In this technology segment, the Nematic liquid crystal on silicon holds the highest market share with 43.7% in 2023 and is projected to show subsequent growth in the upcoming period as well. The Nematic LCoS are known for their application in various display & imaging systems. The Nematic LCoS are capable of producing high-quality images, making it suitable for applications that require sharp and accurate visuals, such as head-mounted displays, projectors, & spatial light modulators. The nematic LCoS have reflective technology, fast response time, colour accuracy & flicker imaging that make it most popular among various industries, as this technology offers a wide variety of benefits, it will continue to grow in the future as well.
By Application
In the Global Liquid Crystal on Silicon Display Market, the consumer electronics application segment holds the major portion of the market. The liquid crystal on silicon is rapidly making its place in various consumer electronics devices, offering a distinct advantage to this segment. The most notable consumer electronics where LCoS are used are projectors, which offer a leap forward in image quality. Furthermore, LCoS technology has played a vital role in the production of augmented reality and virtual reality headsets.
Where they use LCoS display to provide users with high-quality visuals, reduced latency and eliminating flicker, thus enhancing the overall immersive quality. The LCoS technology is also used in gaming devices and gears offering lightweight, compact & high-quality visuals. As consumer's expectations for exceptional display quality and immersive experience will continue to grow, LCoS technology will play a pivotal role in shaping the future growth of consumer electronics.
The Global Liquid Crystal on Silicon Market Report is segmented on the basis of the following:
By Product
- Projector
- Head-mounted Display
- Head-Up Display
By Technology
- Nematics LCoS
- Ferroelectrics LCoS
- Wavelength Selective Switching
By Application
- Consumer Electronics
- Automotive
- Aviation
- Military
- Optical 3D measurement
- Medical
- Others
Regional Analysis
North America takes the lead in this market with a significant share of 36.2% in 2023 and is anticipated to grow further in the upcoming years. The leading position of this region in this market is attributed to the presence of many significant production facilities for automotive, military & defence equipment. In this region government openly supports the new advancements and research in the automotive industry that positively affects the growth of this market. This region witnesses the rising demand for projectors for home theatre & educational purposes.
Even though North America have a dominant position in this market, other regions, particularly Asia- Pacific is also growing rapidly due to the growing demand for consumer electronics. However, North America's strong industry ecosystem and favourable regulatory environmental policies is anticipated to play a significant role in the growth of this market.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The competitive landscape within the global liquid crystal on silicon market is attributed to intense cutting-edge competition and innovation. Rapid development in display technologies and increased demand for high resolution and cost-efficiency are major drivers behind the growth of this market. As people are becoming more aware of sustainable lifestyles companies are also focusing on sustainability by developing eco-friendly & energy-efficient products. The competitive landscape of this market is dynamic as the major companies are continuously innovating to gain a competitive edge to meet the evolving needs of customers. Competition in this market is driven by factors like high display quality, affordable, energy-efficient, trendy and equipped with current technology.
The major key players in this market are 3M Company, Barco NV, Canon Singapore Pte. Ltd. Guangzhou Weijie Electronic Technology Co. Ltd, Himax Technologies, Hitachi Ltd, LG Electronics Inc., Pioneer Corporation, Silicon Micro Display Inc., Sony Corporation and others.
Some of the prominent players in the Global Liquid Crystal on Silicon Market are:
- 3M Company
- Barco NV
- Canon Singapore Pte. Ltd.
- Guangzhou Weijie Electronic Technology Co. Ltd,
- Himax Technologies
- Hitachi Ltd
- LG Electronics Inc.
- Pioneer Corporation
- Silicon Micro Display Inc.
- Sony Corporation
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Liquid Crystal on Silicon Market:
The COVID-19 pandemic had a significant impact on various industries, including the global liquid crystal on silicon market. The major effect the pandemic had was on the supply manufacturing and distribution chain as it was disrupted due to factory closures, transport delays and shortage of war material. This market didn't just face the disruption in manufacturing and supply chain but also saw a shift in consumer demand. Some electronics like projectors for work and home entertainment saw growth in demand while the other sectors like automotive displays faced a reduction in demand due to factory shutdowns and reduced consumer spending.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD 3.3 Bn |
| Forecast Value (2032) |
USD 40.1 Bn |
| CAGR (2023-2032) |
31.9% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Product (Projector, Head-mounted Display and
Head-Up Display), By Technology (Nematics LCoS,
Ferroelectrics LCoS and Wavelength Selective
Switching), By Application (Consumer Electronics,
Automotive, Aviation, Military, Optical 3D
measurement, Medical and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
3M Company, Barco NV, Canon Singapore Pte. Ltd.
Guangzhou Weijie Electronic Technology Co. Ltd,
Himax Technologies, Hitachi Ltd, LG Electronics Inc.,
Pioneer Corporation, Silicon Micro Display Inc., Sony
Corporation, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Liquid Crystal on Silicon Market (LCoS) is expected to hold a market value of USD 3.3 billion
by the end of 2023 and further anticipated to reach a market value of USD 40.1 billion at a CAGR of
31.9% in the upcoming period of 2023-2032.
LCoS is an advanced display technology that combines liquid crystal & silicon-based microdisplay
elements. These are both combined and are used in various display applications including projectors,
head-mounted displays, wearable glasses & spatial light modulators.
The key players in the Global Liquid Crystal on Silicon Market are 3M Company, Barco NV, Canon
Singapore Pte. Ltd. Guangzhou Weijie Electronic Technology Co. Ltd, Himax Technologies, Hitachi Ltd, LG
Electronics Inc., Pioneer Corporation, Silicon Micro Display Inc., Sony Corporation and others.