FORT WORTH, Texas, April 17, 2015 /PRNewswire/ --
The North American LCoS market report defines and segments the concerned market with analysis and forecast of revenue. The market for LCoS in North America was valued at $216.2 million in 2014, and is projected to grow at a CAGR of 26.7% from 2014 to 2019.
Browse through the TOC of North America liquid crystal on silicon (LCoS) market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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LCoS technology has been playing a crucial role in revolutionizing products. In the present scenario, cathode ray tube (CRT) and plasma technologies are being replaced by liquid crystal display (LCD), digital light processing (DLP), and LCoS technologies. There are 3 LCoS technologies available, namely ferroelectrics (FLCoS), nematics LCoS (NLC), and wavelength selective switching (WSS). Better image resolution, superior picture quality, and features, such as slim size are ingrained benefits offered by the LCoS display. The North America LCoS market is segmented on the basis of countries, such as U.S., Canada, and Mexico.
End-users of the North American LCoS market include consumer electronics, automotive, aviation, military, optical 3D measurement, and medical among others. Consumer electronics is the fastest growing application in North America growing at a CAGR of 31.3%. Optical 3D measurement is also growing at a significant rate of 27.5%, due to rise in industrial metallurgy and other microscopic measurement applications. Aviation has generated a significant chunk of the LCoS market revenue, and is expected to contribute $202.8 million in 2019.
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The U.S. is currently leading the North American market registering a CAGR of 24.3% from 2014 to 2019, owing to the huge demand of projection and display-based products, but Mexico is expected to show the fastest growth of 40% among all other countries. On the other hand, Canada is expected to generate $150.81 million by 2019 in the North American LCoS market.
This research report includes market share and value chain analysis, along with market metrics, such as drivers and restraints. Additionally, it also presents competitive landscape and company profiles of key players operating in the LCoS market.
LCoS is used in several industries including electronics, medical, defense, and automotive, to name a few. LCoS technology competes with LCD and DLP technologies. The European LCoS Market is estimated to register a CAGR of 24.4% during the forecast period of 2014-2019.
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