Report Ocean has released a research study titled “Wireless Display Market .” This study offers precise economic forecasts, global assessments, and country-level insights. It provides a comprehensive view of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. It thoroughly examines the market and offers insights based on a SWOT analysis of the industry.
Wireless Display Market is valued approximately USD 5.44 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.1 % over the forecast period 2020-2027. Wireless Display is a type of display that can be accessed wirelessly from a separate device like laptop, tablet etc. For example LCD, projector, video wall etc. Wireless display eliminates the obligation of cable for presentation, data sharing and other multiple activities.
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Availability of low-cost options, government initiatives for encouragement to evolving technologies, low switching cost of consumer electronics, advanced technologies in wireless display and investment by different commercial sectors like retail, banking, healthcare, media and entertainment are expected to drive the market positively. For Instance: Different policies and guidelines are laid down by government of different countries, like China’s Made in China 2025, India’s Digital India are offering massive growth potential to wireless display market. In 2020, Indian government had increased the funding for Digital India programme by 23% to Rs. 3,958 crore for giving incentives to electronic manufacturing, research and development and others. However, insufficient awareness regarding selection of ports and cables and low-cost wired display options impedes the growth of the market over the forecast period of 2020-2027. Also, use of streaming devices in enterprise ecosystem is likely to increase the market growth during the forecast period.
Major market player included in this report are:
LG Electronics Inc.
Marvell Semiconductor Group Ltd.
Actiontec Electronics, Inc..
Belkin International, Inc.
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- Market Overview: The wireless display market refers to the technology that allows users to stream content from devices such as smartphones, tablets, laptops, and PCs onto larger screens wirelessly, eliminating the need for physical connections like cables or adapters.
- Growth Drivers: Increased demand for hassle-free connectivity solutions, the rising adoption of smart devices, and the growing trend of bring-your-own-device (BYOD) in workplaces are significant drivers propelling the wireless display market’s growth.
- Technological Advancements: Ongoing technological advancements in wireless connectivity, such as Wi-Fi Direct, Miracast, AirPlay, Chromecast, and WirelessHD, have enhanced the capabilities of wireless display technologies, enabling faster transmission speeds and higher resolutions.
- Market Segmentation: The market is segmented based on technology types (like Wi-Fi, Bluetooth, NFC, etc.), offering types (hardware, software, and services), and end-user applications (consumer electronics, healthcare, education, corporate, automotive, etc.).
- Competitive Landscape: Key players in the wireless display market include industry giants like Apple, Google, Microsoft, Roku, Samsung, LG, and others, along with numerous emerging startups constantly innovating in this space.
- Industry Challenges: Interoperability issues among different devices, concerns related to security vulnerabilities in wireless transmissions, and compatibility problems between older devices and newer display technologies pose challenges for the market.
- Growing Applications: The adoption of wireless displays is expanding across various sectors. For instance, in the corporate sector, wireless presentations and collaborations are becoming increasingly common. In healthcare, wireless displays facilitate seamless sharing of medical imaging and patient data.
- Regional Market Trends: The market’s growth and adoption rates vary across regions due to factors such as technological infrastructure, consumer preferences, and economic conditions. Regions like North America and Asia-Pacific are prominent markets for wireless displays due to technological advancements and high smartphone penetration rates.
- Future Projections: The wireless display market is expected to continue growing as technological advancements improve efficiency and reduce latency issues. The integration of wireless display technology into smart home ecosystems and the Internet of Things (IoT) is anticipated to further drive market growth.
- Market Opportunities: With the increasing demand for streaming and gaming content, coupled with the rise in remote working and learning trends, there are substantial opportunities for innovation and market expansion in wireless display technologies to cater to evolving consumer needs and preferences.
The detailed segments and sub-segment of the market are explained below:
Software & Services
By End User:
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Rest of the World
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