Press release
Wireless Display Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Wireless Display Market
The uptick in global consumption of devices such as smartphones, tablets, computers, and smart TVs is fuelling growth in the market. Wireless display technology, which enables phone or computer content to be shown on a TV or projector without needing a video cable, is seeing growing demand. This is due to an increased need for such consumer products, driven by advantages such as improved connectivity and the ability to function remotely. Therefore, the more these devices are used, the more likely there will be a surge in demand for displaying content on large screens, facilitating the market's growth. For instance, in 2022, there are 6.648 billion smartphone users, equating to 83.72% of the global population. The US Census Bureau's Current Population Survey (CPS) and American Community Survey (ACS) also reveal a rise in computer ownership. In specific, families with at least one computer amplified from 89.3% in 2016 to 94.5% in 2021 and is predicted to go up to 95.2% in 2022. Consequently, this burgeoning use of consumer devices is expected to propel the expansion of the wireless display market.
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What is the projected compound annual growth rate (CAGR) of the wireless display market from 2025 to 2034, and what factors influence it?
In recent times, the wireless display market has experienced accelerated expansion. Forecasts predict an increase from $5.4 billion in 2024 to $6.15 billion in 2025, marking a compound annual growth rate (CAGR) of 14.0%. This growth during the previous period can be credited to the surge in usage of smart devices, an uptrend in remote work and bring-your-own-device (BYOD) practices, as well as advancements in technology enhancing productivity and collaboration.
The market size of wireless display is projected to witness a swift expansion in the approaching years, escalating to $11.4 billion in 2029, with a compound annual growth rate (CAGR) of 16.7%. The predicted growth in the forecast period can be credited to areas like education and e-learning, healthcare and telemedicine, gaming and esports, IoT and smart home interconnection, as well as 5G connectivity. The forthcoming period's primary trends include augmented reality (AR) and virtual reality (VR), cross-platform compatibility, zero-trust security, interactive displays, and features facilitated by artificial intelligence.
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How are the latest trends influencing the growth of the wireless display market?
The wireless display market is seeing a surge of new products and devices as companies strive to pique customer interest. These product launches represent a strategic and orchestrated push to introduce novel items for customer purchase. For instance, in July 2024, LG Electronics Inc., a multinational firm from South Korea specialising in major appliances and consumer electronics, unveiled their M4 OLED TV. This innovative television, with its wireless traits that simplify domestic setup, signifies a significant advancement in TV technology. It delivers top-notch image quality, robust processing capabilities, and impressive gaming support, positioning it as an ideal option for anyone seeking the most up-to-date technology for their TV viewing experience.
What are the major segments of the wireless display market and their role in driving growth?
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
Subsegments:
1) By Hardware: Wireless Display Adapters, Smart TVs, Projectors, Digital Signage Displays
2) By Software: Mirroring Applications, Streaming Software, Management And Control Software
3) By Services: Installation Services, Maintenance And Support Services, Consulting Services
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Which regions are key players in the growth of the wireless display market?
North America was the largest region in the wireless display market in 2024. 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.
Who are the key firms paving the way for growth in the wireless display market?
Major companies operating in the wireless display market include Amazon.com Inc., Actiontec Electronics Inc., Alphabet Inc., Apple Inc., Belkin International 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, 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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What Is Covered In The Wireless Display Global Market Report?
•Market Size Forecast: Examine the wireless display market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the wireless display market for a structured understanding.
•Key Players Overview: Analyze major players in the wireless display market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the wireless display market.
•Segment Contributions: Evaluate how different segments drive overall growth in the wireless display market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the wireless display market.
•Industry Challenges: Identify potential risks and obstacles affecting the wireless display market.
•Competitive Landscape: Review strategic developments in the wireless display market, including expansions, agreements, and new product launches.
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