Wireless Display Market Size, Share, Growth, and Industry Analysis, By Type (WirelessHD, WiDi, Miracast, AirPlay, Google Cast, DLNA, Others), By Application (Consumer Electronics, Corporate & Broadcast, Digital Signage, Government, Healthcare, Education, Others) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

WIRELESS DISPLAY MARKET REPORT OVERVIEW

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The global wireless display market size was USD 3767.4 million in 2021 and will touch USD 6731 million by 2028, exhibiting a CAGR of 8.5% during the forecast period.

An advanced technology through which users can access movies, music games and different types of entertainment shows and applications without cable (wire) on a monitor or computer by using an adaptor is known as wireless display technology. There wireless advanced technology makes them easy to stream and user friendly.

Wireless display is having an exponential growth due to their hassle-free communication process. Factors such as increasing streaming of services and proliferation of consumer in education and business sector are serving as a major growth factor for the market.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The covid pandemic has had a significant negative impact on the global economy, causing supply chain and production disruptions and reduced demand and consumption across the countries which in turn leading a sharp decline in the wireless display market growth. The disease has impeded the value and supply chains of many companies. Supply chains of raw materials from textile industry, finished goods of clothing and accessories, electrical equipment and automobiles has been decreased significantly. Due to the spread of Covid-19, the market and the product cost has been affected negatively. Reduced demand of product from the electronics sector has declined the market significantly. In addition, the global economy has been hampered and observing delays in planned projects in various industries.

LATEST TRENDS

"Major Technological Advancements Will Drive Market Growth"

Major technological advancements like grater resolution with better picture quality has gathered the consumers attention and becoming a first choice in the home-based entertainment. Adoption of new technologies and proliferation of various applications in the smartphone, TVs, tablets are contributing the lucrative growth opportunities for wireless display market. Business sector is taking advantage of technology by setting meetings through simple installations.

WIRELESS DISPLAY MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into WirelessHD, WiDi, Miracast, AirPlay, Google Cast, DLNA, Others.

• WirelessHD: It is used for the wireless transmission of high-definition video content for the consumers electronics products.

• WiDi: It is a technology developed to access or stream the videos, audios, photos or music without a cable through a computer or monitor.

• Miracast: It is one of the advanced wireless connections which can be used to connect an external monitor to device through Wi-Fi.

• Airplay: It is introduced by Apple, has a protocol which allows audio, video and device displays streamed without cables between devices.

• Google Cast: It is extensively used for the gaming purposes due to its higher capacity to compete with multiple devices.

• DLNA: It is a type of network alliance used for sharing digital media among multimedia devices at home.

By Application

Based on application the global market can be categorized into Consumer Electronics, Corporate & Broadcast, Digital Signage, Government, Healthcare, Education, Others.

• Consumer Electronics: Wireless display is integrated in smartphone, TVs, and laptops.

• Corporate & Broadcast: Video conferencing, broadcasting applications and business presentation all these solutions are leads by wireless display.

• Digital Signage: It is a segment of electronic signage which uses technologies like e-paper digital images, videos and others entertainment apps.

• Government: Government sectors use wireless display like LED to display the web pages, weather data and other relevant information’s.

• Healthcare: Wireless display is used in hospitals and clinics to monitor the patient’s data and safety purposes.

• Education: Wireless display is used in education sector to promote collaboration and bringing mobility to the classroom.

DRIVING FACTORS

"Increasing use of wireless technology for entertainment, education and business purpose will boost the market growth"

Wireless display has become very popular application for broadcasting the entertainment shows from a personal device to a room without a cable. It is a popular wireless standard protocol that defines connections of external displays to devices through wi-fi. It is also used in education and business sector to promote collaboration and bringing mobility. It is basically designed for simple home-based environments with limited users and a limited number of connected devices. The rapidly growing adoption of wireless display among users in education, business and entertainment sectors offers lucrative opportunities for the wireless display market growth.

"Increasing Affordability and Customization Options to Expand the Market"

One of the major compelling factors for the major growth of wires display market is necessity of seamless connectivity. The demand for easy and wire-free connectivity options is rising among consumers, as they are looking for a smooth cable free method to transmit content between the devices without any hassle. Technological improvements like better color reproduction, better picture quality and faster refresh rates in the wireless display gaining attention of consumers leading market growth to foster in the upcoming years.

RESTRAINING FACTORS

"Availability of Substitutes Potentially Impede Market Growth"

Market can be hindered by high cost of technological advancements and availability of substitutes in the market at lower price, which will dilute the demand among customer in the market.

WIRELESS DISPLAY MARKET REGIONAL INSIGHTS

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"North America Dominating the Market due to Robust Performance And Widespread Consumer Electronic Usage"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America is expected to dominate the wireless display market share in terms of revenue due to its robust performance and widespread consumer electronic usage during forecast period. Increasing consumers electronics usage in laptops, smart phones or tablets leading the region hold a major market share.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The wireless display market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Google (U.S.)
• Amazon (U.S.)
• Apple (U.S.)
• Microsoft (U.S.)
• Roku (U.S.)
• Lattice Semiconductor (U.S.)
• Netgear (U.S.)
• Marvell (U.S.)
• Actiontec Electronics (U.S.)
• Belkin International (U.S.)
• Qualcomm (U.S.)

INDUSTRIAL DEVELOPMENT

January 2021: Apple has introduced its new flagship iPhone 13 which will include a fingerprint sensor. a game changer feature for the company as it has never been seen in any Apple product before.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.