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Major Growth Driver Identified in 2025 Wireless Display Market: Rising Global Adoption Of Consumer Electronics Fuels The Wireless Display Market
Wireless Display
Wireless Display Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a quick expansion in the size of the wireless display market in the past few years. It's projected to escalate from $5.4 billion in 2024 to $6.15 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 14.0%. The remarkable growth noted in the historic period is due to a surge in the utilization of smart devices, the prevalence of remote work and "bring your own device" (BYOD) policies, increased focus on collaboration and productivity, and the forward strides in technology.
Wireless Display Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the wireless display market is anticipated to experience significant expansion, with projections estimating its worth at $11.4 billion by 2029. This represents a compound annual growth rate (CAGR) of 16.7%. The surge in growth during the projected period can be associated with sectors such as education and e-learning, healthcare and telemedicine, gaming and esports, IoT and smart home integration, as well as 5G connectivity. Other prominent trends predicted for this period include cross-platform compatibility, zero-trust security, augmented reality (AR) and virtual reality (VR), interactive displays, and AI-powered features.
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What Are the Drivers Transforming the Wireless Display Market?
The growth of the wireless display market is heavily influenced by the global upsurge in the utilization of consumer items such as smartphones, tablets, computers, and smart TVs. A wireless display enables users to showcase content from their smartphones or computers on a TV or projector without needing a video cable. The escalating demand for consumer tech products like smartphones worldwide is due, in part, to advantages they present, such as increased connectivity and the ability to function remotely. Hence, a surge in the consumption of smartphones, tablets, computers, and smart TVs equates to heightened demand for big screen content display, which in turn, promotes the growth of the market. For instance, in 2022, smartphone users globally total 6.648 billion, which is a staggering 83.72% of the world's populace. Likewise, data from the US Census Bureau's Current Population Survey (CPS) and American Community Survey (ACS) shows a growth in the percentage of families owning at least one computer, which increased from 89.3% in 2016 to 94.5% in 2021 and is projected to hit 95.2% in 2022. The burgeoning usage of consumer products, as a result, is anticipated to stimulate the wireless display market's growth.
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What Long-Term Trends Will Define the Future of the Wireless Display Market?
Companies operating in the wireless display market are launching innovative products and devices to captivate a larger audience. Essentially, a product's introduction is a strategically coordinated effort to introduce a new product and make it available for consumer purchase. For instance, in July 2024, South Korea's multinational home appliance and consumer electronic corporation, LG Electronics Inc., debuted the M4 OLED TV. The LG M4 OLED represents a significant advancement in TV technology, particularly because of its wireless features allowing easy home setup. With its excellent picture quality, powerful processing capabilities, and substantial gaming support, it stands out as a top pick for anyone seeking the most recent TV technology.
Which Segments in the Wireless Display Market Offer the Most Profit Potential?
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 Firms Dominate the Wireless Display Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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