Stratview Research published a new report on the Liquid Crystal on Silicon Display (LCoS) Market that offers detailed segmentation of the market based on Product (Head-mounted Display (HMD), Projector, Head Up Display (HUD)), By End Use (Consumer Electronics, Automotive, Aviation, Optical 3D Measurement, Medical, Military), and Region.
According to the report, The Liquid Crystal on Silicon Display (LCoS) Market is estimated to grow from USD 1.5 billion in 2020 to USD 2.2 billion by 2026 at a healthy CAGR of 7.2% during the forecast period.
The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Covid Impact –
The Corona Virus Pandemic has caused significant losses in nearly every industry all over the world. The pandemic has had a rapid impact on the global economy, affecting the market's manufacturing, demand, and distribution network. The Liquid Crystal on Silicon Display (LCoS) Market has also been influenced by the unprecedented COVID-19 outbreak. The market analysts have thoroughly examined the market and gathered insightful data related to covid impact such as before and after market size, regional impact, financial losses, organic and inorganic growth factors, etc.
Leading players in the market -
To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Liquid Crystal on Silicon Display (LCoS) Market, is given below -
· OmniVision Technologies Inc. (US)
· Hamamatsu Photonics KK (Japan)
· Meadowlark Optics Inc. (US)
· Syndiant Inc. (US)
· HOLOEYE Photonics AG (Germany)
· JVC KENWOOD USA Corporation (US)
· Sony Corporation (Japan)
· Koninklijke Philips NV (Netherlands)
· Google Inc. (US)
· Microsoft Corporation (US)
Based on Product, the Liquid Crystal on Silicon Display (LCoS) market has been classified into Head-mounted Display (HMD), Projector, and Head-Up Display (HUD). The Head-mounted Display (HMD) segment accounted for the largest market share in 2020. Head-mounted displays are extensively used for augmented & virtual reality which have unique features that handheld displays & spatial displays do not provide. Also, it effectively offers ground deployed troops with the technology utilized by pilots in military and navy sectors, thus promulgating the segment growth.
By region, the Asia Pacific Liquid Crystal on Silicon Display (LCoS) market held a significant share in 2020 and is expected to grow at a significant CAGR during the review period. The Liquid Crystal on Silicon Display (LCoS) market growth is mainly propelled by growing economic growth, which was reflected in rising disposable incomes in countries like China and India. Also, the significant presence of semiconductor and consumer electronics companies in countries of Taiwan, China, South Korea, and Japan, further boosts the regional market growth.
The North America Liquid Crystal on Silicon Display (LCoS) market is expected to grow at a healthy CAGR during the review on account of the growth of the major end-use industries. The region is equipped with R&D support along with a huge financial backing for the development as well as strong adoption of advanced technologies across industries, and increasing sales of consumer electronics, which are likely to bolster the regional market growth.
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