2024年中国LCOS行业研究报告：广泛应用于投影、AR/VR、车载HUD的微显示技术

Investment Rating - The report does not explicitly state an investment rating for the LCOS industry Core Insights - The LCOS technology is gaining traction in the projection market, showcasing advantages over DLP and 3LCD technologies, particularly in the 4K+ era where smaller pixel sizes and higher resolutions are becoming critical [8][15] - In the AR/VR market, while MicroLED technology has long-term advantages in miniaturization, LCOS is currently favored for its superior image performance and is already adopted in leading products like Google Glass and Hololens [8][20] - The automotive HUD market has seen successful mass production of LCOS solutions, which offer improved image resolution and cost-effectiveness compared to DLP and TFT technologies [8][24] Summary by Sections LCOS Industry Overview - LCOS (Liquid Crystal on Silicon) is a microdisplay technology that combines CMOS integrated circuit design with liquid crystal packaging, characterized by small size, high resolution, and high frame rates, applicable in portable laser projection, AR glasses, automotive HUDs, and smart manufacturing [9][10] Key Technologies of LCOS Chips - The performance of LCOS chips is determined by resolution, fill factor, reflectivity, frame rate, power consumption, display area, and grayscale precision. Current resolutions typically range from 720P to 1080P [12] Application Scenarios - Projection Market: LCOS technology is positioned as a cost-effective alternative to DLP, with better resolution and contrast, especially in the growing 4K+ market. The total shipment of projectors in China for 2023 was 4.736 million units, a 6.2% decrease year-on-year, but expected to grow to 9.3 million units by 2028 [15][16] - AR/VR Market: In 2023, the total shipment of AR/VR devices reached 154.6 thousand units, with expectations for significant growth driven by products like Meta's Quest 3 and Apple's Vision Pro [20][21] - Automotive HUD Market: LCOS solutions have achieved mass production, providing enhanced image resolution and cost advantages over competing technologies [24] Recommended Companies in LCOS - OmniVision: Known for its compact, low-power LCOS microdisplays, particularly for AR applications [25] - Himax: A leader in the LCOS industry with extensive applications in micro projectors and head-mounted displays [25] - Syndiant: Focuses on LCOS microdisplay solutions, with a strong emphasis on portable projection and high-resolution displays [28] - Jingfan Optoelectronics: Integrates advanced technologies to enhance the performance and lifespan of LCOS chips [29]