Press release
Wireless Display Global Market Report 2024 - By Size, Share, Growth, Trends, Forecast To 2033
Wireless Display Market
Wireless Display Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $9.71 billion In 2028 At A CAGR Of 15.2% :
The wireless display market size has grown rapidly in recent years. It will grow from $4.79 billion in 2023 to $5.51 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to increased adoption of smart devices, rise in remote work and byod, collaboration and productivity, technological advancements.
The wireless display market size is expected to see rapid growth in the next few years. It will grow to $9.71 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to education and e-learning, healthcare and telemedicine, gaming and esports, iot and smart home integration, 5g connectivity. Major trends in the forecast period include cross-platform compatibility, zero-trust security, augmented reality (ar) and virtual reality (vr), interactive displays, ai-powered features.
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Wireless Display Market Major Segments
The wireless display market covered in this report is segmented -
1) By Offering: Hardware, Software And Services
2) By Technology: WirelessHD, WiDi, Miracast, AirPlay, Google Cast, Digital Living Network Alliance (DLNA), Other Technologies
3) By Application: Consumer, Corporate And Broadcast, Digital Signage, Government, Healthcare, Education, Industrial, Other Applications
Key Driver - Rising Global Adoption Of Consumer Electronics Fuels The Wireless Display Market
The increased usage of consumer products such as smartphones, tablets, computers, and smart TVs across the globe is contributing to the growth of the market. The wireless display is a kind of technology that enables the display of content from a phone or a computer on a TV or projector without a video cable. Globally there has been an increasing demand for consumer products such as smartphones and others owing to several benefits offered, including increased connectivity, and remote functioning, among others. Thus, an increase in the usage of smartphones, tablets, computers, and smart TVs will be an increase in demand for the display of content on big screens supporting the growth of the market. For example, in 2022, there are 6.648 billion smartphone users in the world which equals 83.72% of the world's population. Similarly, according to US Census Bureau's Current Population Survey (CPS) and American Community Survey (ACS), the percentage of families with at least one computer has increased from 89.3% in 2016 to 94.5% in 2021 and is projected to reach 95.2% in 2022. Thus, the rise in the use of consumer products will drive the growth of the wireless display market.
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Prominent Trend - Innovative Product Launches Propel The Growth In The Wireless Display Market
Companies in the wireless display market are focusing on launching various new products or devices in the market to attract more customers in the market. A product is a coordinated and planned effort to debut a new product to the market and make it available for purchase. For example, in October 2021, BenQ, a Taiwan-based company engaged in selling and marketing technology products, launched a smart wireless portable projector having 2.1 channel speakers, curved ultra-wide entertainment monitors, and Mobiuz-series gaming monitors.
Wireless Display Market Players
Major companies operating in the wireless display market include Amazon.com Inc., Actiontec Electronics Inc., Alphabet Inc., App Dynamic EHF, Apple Inc., Belkin International Inc., Cavium Inc., Google LLC, Intel Corporation, Lattice Semiconductor Corporation, Marvell Semiconductor Group Ltd., MediaTek Inc., Microsoft Corporation, NETGEAR Inc., Qualcomm Incorporated, Roku Inc., Silicon Image Inc., Splashtop Inc., Squirrels LLC., Airtame ApS, Airtight Networks Inc., Barco NV, BenQ Corporation, Crestron Electronics Inc., Dell Technologies Inc., Epson Corporation, InFocus Corporation, Kramer Electronics Ltd., LG Electronics Inc., Mersive Technologies Inc., Optoma Technology Inc., Samsung Electronics Co. Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the wireless display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the wireless display market report during the forecast period. The regions covered in the wireless display market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wireless Display Market Report Structure
3. Wireless Display Market Trends And Strategies
4. Wireless Display Market - Macro Economic Scenario
5. Wireless Display Market Size And Growth
…..
27. Wireless Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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