Wireless Display Market Landscape, Research Methodology, Business Opportunities, Statistics and Industry Analysis Report by 2030

 The global wireless display market size reached USD 3.82 Billion in 2021 and is expected to register a revenue CAGR of 11.0% during the forecast period, according to latest analysis by Emergen Research. Widespread use of smart television, smartphones, tablets, computers, and laptops is driving market revenue growth.Integration of traditional digital signage and wireless display is a recent trend in the information technology (IT) industry driving demand for wireless displays. Companies and organizations are increasingly adopting cloud-based wireless digital signage display technology for advertising their products, services, events, and many more, as it gives them the benefit to store and backup their content and data, which is boosting revenue growth of the wireless display market. 

Companies can manage their content wirelessly as long as they are connected to the internet which is one of the key factors for high demand for wireless digital signage solutions. Rising research and development activities in wireless digital signage is expected to boost revenue growth of the wireless display market. On 22 January 2020 for instance, Vivitek announced NovoDisplay, an all-in-one flat screen solution. NovoDisplay integrates three key functions: 4K-UHD display, wireless collaboration capabilities, and digital signage, to create one productivity-boosting market revenue growth.

The study on the Global Wireless Display Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Wireless Display market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Wireless Display industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Wireless Display industry.

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Some Key Highlights From the Report

Hardware components include wireless display panels, banners, LED, LCD screens, and others. There is a rising demand for display signage due to recent technological advancements and innovations in display technology, such as 1080p display, 4K display, and introduction of 8K display. Moreover, for commercial purposes, there is also a rising demand for wireless displays owing to advancements in 3D technology such as glass-free 3D display panels used for advertisements to attract customers, which is expected to drive revenue growth of the segment.

The commercial segment accounted for largest revenue share in 2021. There is a rising demand for wireless displays for advertising and broadcast purposes and also in sectors such as government sectors, healthcare, and educational institutes. For businesses aiming to increase customer engagement, wireless digital signage has been more effective. Integration of advanced technology, on the other hand, makes it easier to use, reduces prices, and adds futuristic capabilities to the workplace and consumer contexts. Digital advertising with wireless technology has become the greatest alternative for several firms, allowing them to employ digital displays as creatively as they want. There is a high demand for wireless digital signage as it has several brand-enhancing effects, including encouraging customers to spend 30% more time in stores, reducing perceived checkout wait times by up to 35%, and increasing sales volume by 31.8%.

The Google cast segment accounted for largest revenue share in 2021. Google Cast is a Google-developed proprietary protocol for playing internet-streamed video and audio on supported devices. There is a high demand for Google cast due to its capacity to compete with a wide range of devices, as well as its widespread availability in the market and user-friendly features. It's also appropriate for a wide range of personal, commercial, and gaming purposes, which is driving revenue growth of the segment.

The report highlights the current impact of COVID-19 on the Wireless Display market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Wireless Display according to the impact of COVID-19.

Major Players/Manufacturers profiled in the report are:

Google LLC, Amazon.com, Inc., Microsoft Corporation, Roku, Inc., Sony Corporation, LG Electronics, Samsung Electronics Co., Ltd., NVIDIA Corporation, Rockchip Electronics Co., Ltd., Marvell Technology, Inc., Toshiba Corporation, and Panasonic Holding Corporation.

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Emergen Research has segmented the global wireless display market on the basis of offering type, application type, technology protocol, and region:

Offering Type Outlook (Revenue, USD Billion; 2019-2030)
Hardware

Standalone

Brand Product Integrated

Software & Services

Application Type Outlook (Revenue, USD Billion; 2019-2030)
Residential

Commercial

Corporate & Broadcast

Digital Signage

Government (Defense, Command Center, and Public Offices)

Healthcare

Education

Others (Automotive and Transportation, Industrial, and Hospitality)

Technology Protocol Outlook (Revenue, USD Billion; 2019-2030)
WirelessHD

WiDi

Miracast

AirPlay

Google Cast

DLNA

Others (WHDI, WiGig, and UWB)

Regional Analysis of the Wireless Display Market Includes:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The report offers a complete understanding of the Wireless Display market in key regions with respect to regional production and consumption patterns, import/export, supply and demand dynamics, trends, growth prospects, and the presence of prominent players in each region. Each of the mentioned regions is analyzed based on the comprehensive market data obtained from the major countries of each region to impart a clear understanding of the market.

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The report offers insightful information about the market dynamics of the Wireless Display market. It offers SWOT analysis, PESTEL analysis, and Porter's Five Forces analysis to present a better understanding of the Wireless Display market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Wireless Display market.

Key Coverage of the Wireless Display Market:

Insightful information regarding the global Wireless Display market

Identification of growth in various segments and sub-segments of the Wireless Display market

Strategic recommendations for investment opportunities

The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate

Emerging trends and current market segment analysis to help investors formulate new business strategies

Accelerates the decision-making process through the availability of the drivers and limitations

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