The global wireless display market size is expected to be worth around US$ 12.3 billion by 2030, according to a new report by Vision Research Reports.
The global wireless display market size was valued at US$ 6.0 billion in 2020 and is anticipated to grow at a CAGR of 13.5% during forecast period 2021 to 2030.
|Market Size||US$ 12.3 Bn by 2030|
|Growth Rate||CAGR of 13.5% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Offering, end-use, technology|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Apple Inc.; Google LLC; Intel Corporation; Marvell Semiconductor Group Ltd.; MediaTek Inc.; Roku, Inc.|
Increase in preference for visual advertising and promotional strategies in commercial spaces has boosted the use of different wireless display technologies.Increasing adoption of wireless display technologies in residential applications for streaming online content or mirroring content from external sources is projected to stoke the growth of the market. Availability of multiple wireless displays options at low costs, rising disposable income, and growing preference to adopt evolving technologies in consumer electronics are further poised to bode well for the market over the forecast period.
Wireless display solutions are mainly used for streaming and mirroring multimedia content through hardware electronic devices, software suites, managed services, and operating systems. Streaming devices include dongles, modems, adapters, and various other over-the-top (OTT) devices that use wireless connectivity technologies, such as Bluetooth, Wi-Fi, and Wi-Max.
By Offering Analysis
By offering, the market has been bifurcated into hardware and software & services. Hardware is the primary component of wireless display set-up and therefore, companies are focusing on updating features of display devices..
Streaming software solutions, including software suites, operating systems (OS), and streaming services, delivered through various cloud platforms. These streaming software solutions offer multiple benefits concerning operational costs, easy upgradation, seamless integration, flexibility, scalability, and other parameters. The
By End-Use Analysis
Streaming devices are used in commercial spaces across various sectors, such as private, education, healthcare, and government. Growing popularity of wireless technologies, soaring need for effective communication platforms, and interactive workforce engagement are expected to stoke the growth of the wireless display market over the forecast period.
The residential segment commanded over 55.0% of the overall revenue in 2020. It is anticipated to post a CAGR of 10.8% over the forecast period. Higher adoption of consumer electronic devices equipped with interactive wireless technologies has been supplementing the growth of the segment.
By Technology Analysis
The Google Cast segment is poised to register the highest CAGR of approximately 12.0% over the forecast period. Consumers prefer low-cost devices that are easily available as they are suitable for diverse applications, such as personal, business, and gaming.
Airplay held a substantial share in the global market. It is expected to witness a CAGR of 11.0% during the same period. Airplay is estimated to gain more popularity in gaming applications that require multiple screens and high-end graphics over the coming years.
By Regional Analysis
North America and Europe market represented a cumulative share of more than 60.0% of the overall market revenue. Extensive use of consumer electronics including smartphones, smart TVs, and laptops is one of the primary growth stimulants for the market in these regions.
Sales of streaming devices in Asia Pacific are anticipated to rise at the highest CAGR over the forecast period. This growth can be ascribed to increasing urbanization and growing awareness of technology across various industries in the region.
Marvell Semiconductor Group Ltd.
Software & Services
Middle East & Africa
The Wireless Display market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Wireless Display market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Wireless Display market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Wireless Display market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Wireless Display market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Wireless Display capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Wireless Display by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Wireless Display market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Wireless Display market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Wireless Display market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Wireless Display industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Wireless Display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Wireless Display market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Wireless Display market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Wireless Display market. These factors have benefited the growth of the global market for Wireless Display. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Wireless Display. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Wireless Display are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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