Wireless Display Market

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.

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.       

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. 

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.

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