Wireless Display Market

Wireless Display Market Size & Growth (2023 - 2028)

The global wireless display market size was worth $ 4.03 billion in 2022 and is expected to be worth $ 7.83 billion by 2028, growing at an annual compound rate of above 11% from 2023 to 2028.

Wireless display technology provides wireless presentation capabilities to business users and smart device users in a wireless environment. Wireless display technology is integrated and integrated into the chip called wireless display adapter for smart devices. This display adapter allows users to mirror the screen and shows what is on the phone screen or the laptop screen. Wireless display technology is used in smartphones or tablets. It is displayed wirelessly on the user's TV which supports the maximum resolution up to 1080p. 

Through the use of wireless display technology, users can surf the Internet, play HD videos and users can enjoy wireless slideshows on the TV from the smartphone without the need to connect by cable. The user needs a cable to view on the TV using the HDMI cable or the audio and video connectivity.

Several organizations around the world use various wireless transmission devices to communicate and collaborate effectively with their stakeholders, including employees, customers and investors. Also, the transmission solutions allow centralizing access and control of data so that these solutions are widely used for training employees using interactive techniques and managing staff participation at different levels of the organization.

Wireless display providers continuously invest large sums of money in product innovations that can help sell low-cost transmission devices over the estimated period. These transmission devices offer a high degree of digital convergence and ease of configuration of conference rooms via wired devices. These benefits are assumed to energize the market over the forecast years.

Recent developments:

Microsoft introduced into the market the second generation of its wireless display adapters in February 2016. The updated adapter offers improved performance with a compact size and reduced latency.

Market growth and trends:

The global wireless display market is foreseen to experience vital growth in the years to come. This expansion could be attributed to the increase in the proliferation of smartphones and investments in R&D. The need for faster wireless connectivity due to the high availability and use of digital multimedia content is expected to drive growth in the entertainment market. The market is also likely to experience substantial growth due to the increasing demand for various consumer electronic devices such as smart TVs, ultrabooks and tablets. Technological developments and the growing penetration of emerging economies should also stimulate growth in the global wireless display market.

Market Drivers and Restraints:

The widespread use of consumer electronics like tablets, smartphones, computers and smart TVs has increased wireless display market thanks to the innovative technology in many applications. The wireless display market for consumer applications is driven primarily by the availability of recharge content. Another important factor that stimulates the demand for the commercial use of the wireless display is the reduction of costs, thanks to a secure configuration, the decline of the time lost for the arrangement of the meeting rooms are some of the main reasons. The wireless display is compatible with 4K technology, which has higher resolution content, further stimulating the adoption of the wireless display in consumer electronic devices. One of the limitations of the wireless display market is the cheapest devices in wired connectivity such as USB and HDMI. The interoperability of technological protocols is another obstacle to the global wireless display market. Opportunities for the global wireless display business are increasing due to the use of corporate signage for commercial companies in the banking, retail and government sectors.

WIRELESS DISPLAY MARKET REPORT COVERAGE:

Wireless Display Market segmentation:

The global wireless display market can be segmented based on the offering, technology protocols, end-users and regions. 

Wireless Display Market By Offering:

the global wireless display market can be segmented as hardware, software and services. Of these, the hardware is the leading equipment of the setup to make possible effective content transfer. Most of the vendors in this business are updating their hardware setup lately to maintain competition in the worldwide wireless display business.

Wireless Display Market By Technology Protocols:

 the global market can be separated as Miracast and Wi-Di. 

Wireless Display Market By Application:

According to the end-user, the global wireless display market can be segmented as Consumer and Commercial. The commercial sector further includes education, corporate & broadcast, healthcare, defense, public offices, and command center, digital signage, automotive and transportation, and others. This segment also registers the highest share in terms of value and will continue this trend in the coming years.

Regional Analysis:

Geographically, the global wireless display market can be divided into North America, Europe, Asia Pacific, Middle East & Africa and South America. The Asia Pacific wireless display market will have the highest growth rate due to extensive usage of these displays in automotive, transportation, and other sectors.

North America wireless display market has the largest share and is presumed to dominate global business between 2017 and 2023. In contrast, Asia Pacific (APAC) is anticipated to grow at the highest CAGR. The increase of the purchasing power of the inhabitants of the region stimulates the growth of the market, particularly in the application to the consumer. Other commercial applications such as business, health and education are also contributing to industry growth in this region.

Key Market Players:

The main actors involved in the global wireless display market with a broader portfolio of solutions are Amazon.com, Inc. (USA), Roku, Inc. (USA), Google, Inc. (USA), Apple Inc. (USA), Actiontec Electronics, Inc. (United States), Airtame Inc. (Denmark), Lattice Semiconductor (United States), Squirrels LLC (United States) and App Dynamic (Iceland) among others. Most of the manufacturers in the wireless display market are based in North America. Many companies are trying to modernize their research and development activities to introduce more innovations in this area.