Global Wireless Display Market Size, Share, Trends, & Growth Forecast Report – Segmented by Offering (Hardware, Software & Services), Application (Consumer and Commercial (Education, Healthcare, Government, Others)), Technology Protocols (Miracast, Wi-Di), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Updated On: June, 2024
ID: 9342
Pages: 140

Global Wireless Display Market Size (2024 to 2029)

The global wireless display market size was worth USD 4.96 billion in 2024 and is expected to be worth USD 8.36 billion by 2029, growing at an annual compound rate of above 11% during the forecast period.

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

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

Current Scenario of the Global Wireless Display Market

Several organizations around the world use various wireless transmission devices to communicate and collaborate effectively with their stakeholders, including employees, customers, and investors. Transmission solutions allow centralizing access and control of data, so they 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.

MARKET 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 RESTRAINTS

The widespread use of consumer electronics like tablets, smartphones, computers, and smart TVs has increased the 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 wireless displays is the reduction of costs; thanks to a secure configuration, the decline in the time lost for the arrangement of the meeting rooms is one 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 global wireless display businesses are increasing due to the use of corporate signage by commercial companies in the banking, retail, and government sectors.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

11%

Segments Covered

By Offering Technology Protocol, Application, and Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

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) and Others.

 

SEGMENTAL ANALYSIS

Global Wireless Display Market Analysis By Offering

The global wireless display market can be segmented into hardware, software, and services. Hardware is the leading equipment for setting up a wireless display and making effective content transfer possible. Most vendors in this business have been updating their hardware setup lately to maintain competition in the worldwide wireless display business.

Global Wireless Display Market Analysis By Technology Protocols

 The global market can be separated into Miracast and Wi-Di. 

Global Wireless Display Market Analysis By Application

According to the end-user, the global wireless display market can be segmented into Consumer and Commercial. The commercial sector further includes education, corporate and broadcast, healthcare, defense, public offices and command centers, digital signage, automotive and transportation, and others. This segment also registers the highest value share 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, the Middle East and Africa, and South America. The Asia Pacific wireless display market will have the highest growth rate due to its extensive usage in automotive, transportation, and other sectors.

North America's 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 in 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 PLAYERS IN THE GLOBAL WIRELESS DISPLAY MARKET

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.

RECENT HAPPENINGS IN THE GLOBAL WIRELESS DISPLAY MARKET

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

DETAILED SEGMENTATION OF THE GLOBAL WIRELESS DISPLAY MARKET INCLUDED IN THIS REPORT

The global wireless display market can be segmented based on offerings, technology protocols, end-users, and region. 

By Offering                              

  • Hardware
  • Software 
  • Services   

By Application                         

  • Consumer
  • Commercial            

By Technology Protocol                      

  • Miracast   
  • Wi-Di         

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

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Frequently Asked Questions

How are technological advancements shaping the evolution of the wireless display market globally?

Technological advancements such as the development of advanced wireless communication protocols like Miracast, AirPlay, and Chromecast, along with the integration of features like 4K resolution and low-latency streaming, are driving innovation in the wireless display market. Furthermore, the emergence of wireless display solutions with enhanced compatibility, multi-platform support, and seamless connectivity options is revolutionizing the way multimedia content is shared and accessed across devices.

What are the key trends shaping consumer preferences in the global wireless display market?

Consumers are increasingly gravitating towards wireless display solutions that offer seamless connectivity, high-definition streaming, and compatibility with a wide range of devices. Moreover, there is a rising demand for compact and portable wireless display adapters that can easily plug into existing display units, enabling hassle-free streaming of content from smartphones, tablets, and laptops. Additionally, the growing popularity of streaming services and online gaming is driving the demand for wireless display solutions with low-latency performance and high-quality graphics.

How are government regulations and policies impacting the growth trajectory of the global wireless display market?

Government regulations and policies related to data security, intellectual property rights, and wireless communication standards play a significant role in shaping the operating environment for companies in the wireless display market. Compliance with regulatory requirements, such as encryption standards and emission norms, is essential for ensuring the safety, security, and interoperability of wireless display devices. Moreover, initiatives aimed at promoting digital connectivity and infrastructure development can create favorable market conditions for the adoption of wireless display technologies.

How are advancements in augmented reality (AR) and virtual reality (VR) technologies influencing the global wireless display market?

Advancements in AR and VR technologies are driving the demand for wireless display solutions that can deliver immersive and interactive visual experiences across multiple devices. The integration of wireless display capabilities into AR glasses, VR headsets, and wearable devices is opening up new opportunities for applications in gaming, entertainment, education, training, and simulation. Moreover, the growing adoption of AR and VR in sectors such as healthcare, automotive, and retail is spurring the development of wireless display solutions tailored to the unique requirements of these industries.

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