North America LCoS Market is Estimated to Grow at a CAGR of 26.7%

Date: 2015-08-03

“The North America LCoS market is estimated to grow at a CAGR of 26.7% from 2014 to 2019. North America is a significantly huge market for projection and display based products.

In this report, the North America LCoS market has been broadly classified into projectors, head-mount display (HMDs), and head-up display (HUDs). The projectors are estimated to grow at a CAGR of 60% from 2014 to 2019. Projectors have evolved to serve many applications, such as business, education, and entertainment among others.

Geographically, the U.S. is currently dominating the North American LCoS market with the largest share of 75% in 2014 , followed by Canada that is expected to dominates the market in future with a CAGR of 18.6% from 2014 to 2019. Significant factors driving the growth of the LCoS market in Canada are increasing adoption of LCoS displays among varied applications, such as automotive, transmission & distribution, and industrial sector.

As of 2014, the North America LCoS market constitutes top market players, namely 3M (MN, U.S.), LG Electronics (South Korea), Canon (Japan), JVC Kenwood Corporation (Japan), and Sony Corporation (Japan) among others. New product launches, partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by these players to sustain their position in the LCoS market.    

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