LCoS projectors: Key market research findings
- Technological advancements in Pico projectors segment
- Increased adoption of LCoS projectors
Technavio has added a new market research report on the global LCoS projectors market, which is expected to generate revenue worth $3 billion between 2015 and 2019. Increasing adoption of Liquid Crystal on Silicon (LCoS) technology in the projectors segment is the main factor propelling this market’s growth. This technology provides the best solution in terms of display quality and projectors. APAC is the fastest growing region in this market, thanks to the high adoption of LCoS technology in countries like South Korea, Japan, Taiwan, India, and Indonesia.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Vendors are focusing on enhancing the image resolution and power constraint in Pico LCoS projectors. They are also redesigning the bulky structure of LCoS projectors to increase the adoption rate among end-users. The growing demand for embedded Pico projectors will gain traction during the forecast period because of their less space covering and availablity at low prices. Also, these projectors are an important platform for augmented reality, which is an emerging trend in electronic devices,” says Navin Rajwedra, Lead Analyst, Hardware & Semiconductor, Technavio Research.
LCoS is a crossbreed of both a liquid crystals as well the DLP technology. This combined technology allows LCoS projectors to have higher image resolution and better picture quality contained in a compact size. These projetors provide the best and smoothest pixels than any other systems. Moreover, the declining ASP of LCoS projectors has led to its increased adoption by various sectors, especially the consumer electronics, HUD/HMD manufacturers, corporates and commercial applications.
The key vendors in the global LCoS projectors market are Sony, Canon, 3M and JVC Kenwood. This market is highly competitive and contains numerous local and multinational vendors. Leading vendors in this market together account for approximately 45% of the total market, whereas the local vendors account for around 55% of the total market by 2019.
A more detailed analysis is available in the Technavio report, Global LCoS Projectors Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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