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2021
Wireless Display Market

Wireless Display Market

by Offering (Hardware and Software & Services), Technology Protocol (WirelessHD, Miracast, AirPlay, Google Cast, and Others), and Application (Consumer, Corporate & Broadcast, Digital Signage, Government, Healthcare, Education, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14245
Pages: 340
Oct 2021 | 2814 Views
Author(s) : Avinash S
Tables: 112
Charts: 89
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Wireless Display Market Outlook – 2030

The global wireless display market size is expected to reach $9.71 billion by 2030 from $3.64 billion in 2020, growing at a CAGR of 11.00% from 2021 to 2030.  A wireless display is any type of display i.e. flat panel LED, LCD, projector, and video wall that can be accessed wirelessly from a separate device such as a laptop, tablet, or smartphone. The vast majority of the wireless display solutions available in the market operate over standard IP networks such as Wi-Fi technology. Today’s enterprise wireless display solutions are separate consoles or dongles that plug into existing displays to make the displays wirelessly accessible. The wireless displays enable users to share content from a device to the display without being tethered to the display by way of a video cable.

The Education industry impacted negatively, due to COVID-19 Pandemic.

Miracast is one of the most used standard for wireless connections which defines a protocol to connect external monitors via Wi-Fi to devices. Miracast is a popular application for streaming home entertainment from a personal device to the room HDTV via a wireless video HDMI connection.  It is designed for simple home Wi-Fi environments where number of users is small and involves limited devices.  In addition, Miracast is also used in education sector to endorse cooperation through the addition of mobility to an instructional setting. Rising adoption of Miracast technology in entertainment, businesses, and education purposes offers lucrative growth opportunities for the wireless display market.

Wireless-Display-Market-2021-2030

Also, rise in usage of smartphones, computers, tablets, smart and TVs, and also introduction of advanced display technology, increase in adoption of on-demand entertainment, and ease of connection offers lucrative growth opportunities for Miracast in wireless display market. 

The global wireless display market size is anticipated to witness significant growth during the forecast period. Factors, such as increasing demand for wireless display technologies, rise in usage of smart TVs, smartphones, tablets, and computers, and surge in demand for over-the-top (OTT) media services drive the wireless display market growth. Wireless display technology is becoming prevalent as it enables any kind of displays such as LCD, panel LED, video wall, and projector accessible wirelessly. The wireless technology also helps to perform advanced functions like streaming online content from external sources. The wireless display adapter allows the users to showcase the screens of smart devices. The high use of consumer products such as smartphones, smart television sets, tablets, computers and laptops, have increased the deployment of advanced technology such as wireless display.

However, high manufacturing costs associate with wireless display is a major restraint to the global market growth. In addition, several governments are taking initiatives and making strategies in emerging economies is expected to create opportunities for the wireless display industry.       

Wireless Display Market
By Offering

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Hardware segment is projected as one of the most lucrative segments.

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Segment Overview

The global wireless display market is segmented on the basis of offering, technology protocol, application, and region. By offering, it is divided into hardware, and software & services. The hardware segment is further sub-segmented into standalone and brand product integrated. By technology protocol, it is fragmented into WirelessHD, Miracast, AirPlay, Google Cast, and others. Depending on application, it is classified into consumer, corporate & broadcast, digital signage, government, healthcare, education, industrial, and others.  

Region-wise, the wireless display market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is dominating the market, due to an increase in adoption of consumer electronic product such as smartphones, tablets, smart TVs, and computers. 

Wireless Display Market
By Application

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Consumer segment is expected to secure leading position during forecast period.

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Top Impacting Factors

The prominent factors that impact the wireless display market growth are increasing demand for wireless display technologies, rise in usage of smart TVs, smartphones, tablets, and computers, and surge in demand for over-the-top (OTT) media services. However, high manufacturing costs associate with wireless display restricts the market growth. On the contrary, several governments are taking initiatives and making strategies in emerging economies is expected to create lucrative opportunities for the wireless display market. Therefore, these factors are expected to affect global wireless display industry during the forecast period.   

Competitive Analysis

Competitive analysis and profiles of the major wireless display market players, such as Amazon.com, Inc. (U.S.), Apple Inc. (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Marvell Semiconductor Group Ltd. (U.S.), Roku, Inc. (U.S.), Lattice Semiconductor (U.S.), MediaTek Inc. (U.S.), and NETGEAR, Inc. (U.S.), are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration, to enhance their market penetration.

Wireless Display Market
By Region

2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 11.90% during 2021-2030

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COVID-19 Impact Analysis

  • The COVID-19 pandemic has significantly impacted global economies, resulting in workforce & travel restrictions, supply chain & production disruptions, and reduced demand & spending across many sectors. Sudden decline in development project is expected to hamper the wireless display market growth. 
  • The COVID-19 pandemic has impacted every industry such as aerospace & defense, agriculture, food & beverages, automobile & transportation, chemical & material, consumer goods, retail & ecommerce, energy & power, construction, mining & gases, electronics & semiconductor, and others. 
  • As the effect of COVID-19 spreads, the overall market has been impacted by COVID-19 and the growth rate has also been impacted. The slowdown in productions by OEMs and reduction in demand for electronics devices has slightly pulled down the market for wireless display. Shortages of components and materials have significantly impacted the global supply chains. In addition, reductions in various capital budgets and delay in planned projects in various industries have hampered the global economy. 
  • However, as vaccines roll out across the globe and the pandemic situation is better controlled, especially in North America and Europe. This is expected to boost the recovery of the wireless display market.  

Key Benefits for Stakeholders

  • This study comprises analytical depiction of the global wireless display market outlook along with the current trends and future estimations to depict the imminent investment pockets.  
  • The overall wireless display market analysis is determined to understand the profitable trends to gain a stronger foothold.  
  • The report presents information related to key drivers, restraints, and wireless display market opportunities with a detailed impact analysis.  
  • The current wireless display market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.   
  • Porter’s five forces analysis illustrates the potency of the buyers and the wireless display market share of key vendors.   
  • The report includes the market trends and the revenue share of key vendors.

Wireless Display Market Report Highlights

Aspects Details
By Offering
  • Hardware
  • Software & Services
By Technology Protocol
  • WirelessHD
  • Miracast
  • AirPlay
  • Google Cast
  • Others
By Application
  • Consumer
  • Corporate & Broadcast
  • Digital Signage
  • Government
  • Healthcare
  • Education
  • Industrial
  • Others
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Taiwan, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Apple Inc., Microsoft Corporation, INTEL CORPORATION, Google LLC (Alphabet Inc.), Amazon.com, Inc., MEDIATEK, INC., Marvell Technology Group Ltd., Roku, Inc., Lattice Semiconductor, NETGEAR
 

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According to the insights of the CXOs of leading companies, the wireless display market holds high potential in the consumer industry. The current business scenario experiences rapid development in wireless display technology. Also, the growing usages of smartphones, computers, tablets, smart and TVs, and also introduction of advanced display technology, increasing adoption of on-demand entertainment, ease of connection offers lucrative growth opportunities for wireless display market. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.    

Asia-Pacific is the leading supplier of raw materials for manufacturing of consumer devices across the globe. Also, Asia-Pacific witnessed a wide-scale adoption of consumer device such as smartphones, tablets, computers, and others. Companies operating in the market have a robust supply chain network owing to the high penetration of local players in this market. The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch, agreement, collaboration, and partnership are expected to be the prominent strategies adopted by the market players.

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FREQUENTLY ASKED QUESTIONS?

A. The wireless display market is estimated to grow at a CAGR of 11.00% from 2021 to 2030.

A. The wireless display market is projected to reach $9.71 billion by 2030.

A. To get the latest version of sample report

A. Increasing demand for wireless display technologies, rise in usage of smart TVs, smartphones, tablets, and computers, and surge in demand for over-the-top (OTT) media services.

A. The key players profiled in the report include Amazon.com, Inc. (U.S.), Apple Inc. (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The wireless display market is segmented on the basis of offering, technology protocol, application, and region.

A. The key growth strategies of wireless display market players include product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration.

A. Healthcare segment would grow at a highest CAGR of 14.30% during the forecast period.

A. Asia-Pacific region will dominate the market by the end of 2030.

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