Wireless Display Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Overview:

The global wireless display market was valued at US$ 3.98 Bn in 2020 and is likely to witness a remarkable growth, expanding at a CAGR of 11.5% during the forecast period from 2021 to 2029. Wireless display technology has evolved greatly over the last few years and is now witnessing more widespread use and adoption. Wireless displays are those that can be accessed wirelessly from a separate compatible device such as smartphone, tablet or laptop, allowing enhanced content viewing over a peer-to-peer media transmission to a larger display gadget without using wires. The traditional broadcast pattern of displays supporting only one directional flow of information has become antiquated. It has been replaced by the paradigm of wireless display that is shared and accessible by multiple people for having a more interactive and engaging experiences. Wireless display has expanded the use of mobile devices and other handheld devices from solely private, isolated involvements to enrich and inform social, shared experiences.

Increasing adoption and use of various handheld devices has made the consumption of digital content one of the largest and fastest growth areas in the field of consumer electronics. The ubiquity of Wi-Fi has helped facilitate that growth as majority of wireless display solutions available in the market operate over standard IP networks like Wi-Fi. It is used for streaming videos, music, etc. to the compatible wireless display adapters.

Wireless display technology is becoming prevalent, making displays wirelessly accessible and is empowering participants in the room to share information more naturally and freely. Increasing adoption of wireless display technology in residential application for mirroring or streaming online content from external sources is expected to facilitate the market growth in the years to come. Moreover, growing availability of multiple wireless display options at minimal costs coupled with rising preference to adopt evolving technologies in consumer electronics are further projected to enhance the market growth across the globe.

Hardware accounted for the Largest Market Share in 2020

In 2020, hardware segment accounted for largest market share in the global wireless display market. The segment is likely to grow to at a significant rate during the forecast period from 2021 to 2029. Hardware is the primary component of the wireless display set-up as it helps facilitating an effective content transfer. The wireless display providers have been innovating and updating their hardware offerings on a continuous basis to meet the growing customer needs. Moreover, availability of various devices such as dongles, adapters and other streaming devices at a low cost has been contributing to the growth of this segment.

North America Garnered Largest Market Share in 2020

The global wireless display market, based on geography was led by North America in 2020 and is likely to grow substantially throughout the forecast period from 2021 to 2029. The growth of this region is mainly accredited to the technological advancements and increased adoption of display technologies across the commercial and residential applications. Growing penetration of smart devices is yet another most important growth stimulants for the market in the region. North America has a well-established infrastructure, which thereby allows faster implementation of advanced technologies.

Competitive Insights

The wireless display providers are continuously making substantial investments in the product innovations that are likely to aid the sale of their products. Some of the major players in the wireless display market include Google LLC, Amazon.com, Inc., Apple Inc., Intel Corporation, Microsoft Corporation, Roku, Inc., Netgear Inc., Cavium Inc., Actiontec Electronics, Inc., Belkin International, Inc., Lattice Semiconductors, and MediaTek Inc. among others.

Historical & Forecast Period

The research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of wireless display market in 2020 and forecast up to 2029?
• What are the key factors driving the global wireless display market?
• What are the key market trends and high-growth opportunities observed in the wireless display market?
• What are the drivers of the wireless display market?
• Which is the largest regional market for wireless display market?
• Which segment will grow at a faster pace? Why?
• Which region will drive the market growth? Why?
• Which players are leading the wireless display market?
• What are the sustainability strategies adopted by the key players operating in the market?

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