Newark, NJ, August 10, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global wireless display market is expected to increase from 3.57 billion USD in 2020 and reach 8.65 billion USD by 2028, with a CAGR of 11.7% during the forecast period 2021-2028.
Wireless display technology can be defined as the process of connecting compatible devices via peer-to-peer multimedia transmission to large display devices without using cables. Wireless display technology is becoming more and more widespread as it allows any type of display such as LCD, LED panel, video wall, projector, etc. to be accessible wirelessly. Wireless technology also makes it possible to perform advanced functions such as streaming online content from external sources. The wireless display adapter allows users to present the screens of smart devices. The widespread use of consumer products such as smartphones, smart TVs, tablets, computers and laptops has increased the deployment of advanced technologies such as wireless display. The introduction of streaming solutions including software suites, adapters and other streaming devices has transformed the means of communication, entertainment and collaboration. The streaming device provides control and access to data.
The global wireless display market is expected to experience significant growth, owing to easy setup and connection, growing adoption of on-demand entertainment, improved picture quality and sound , improved bandwidth management, increasing technological advancements, increasing penetration in emerging economies, easy content sharing between portable devices and screening and government initiatives. The increase in visual advertising and promotional strategies in commercial projects has evaluated the use of wireless display technologies. The increased use of web interfaces, the availability of multi-user and multi-display deployment are all considered to support the wireless display market. Factors holding back the growth of the wireless display market are the availability of cheaper substitutes in wired connectivity devices such as USB and HDMI, issues with interoperability of technological protocols, lack of awareness of wireless display technology, high manufacturing costs. The growth of digital signage and dooh market will provide opportunities for market growth.
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The major players operating in the global wireless display market are Google Inc. (United States), Airtame Inc. (Denmark), Amazon Inc. (United States), Squirrels LLC (United States), Apple Inc . (US), App Dynamic ehf (Iceland), Microsoft Corporation (US), Silicon Image Inc., Qualcomm, Roku Inc. (US), App Dynamic EHF, Splashtop Inc., Intel Corporation, Lattice Semiconductor (US), Marvell Semiconductor Group Ltd, NETGEAR Inc. (US), MediaTek Inc., Cavium Inc. (US), Alphabet Inc., Actiontec Electronics Inc. (US), Belkin International Inc. (United States).
The hardware segment dominated the market and held the largest market share of 61.9% in 2020
On the basis of supply, the global wireless display market is segmented into hardware, software, and services. The hardware segment dominated the market and held the largest market share of 61.9% in 2020. This growth is attributed to the increased availability of several devices such as dongles, adapters and other streaming devices. a lower price.
Google Cast segment dominated the market and held the largest market share of 37.18% in 2020
On the basis of technology protocol, the global wireless display market is segmented into Google Cast, Airplay, Miracast, WiDi, Wireless HD, and DLNA. The Google Cast segment dominated the market and held the largest market share of 37.18% in 2020. Google Cast is a proprietary protocol developed by Google to play video / audio content streamed over the Internet on a compatible device. This growth is attributed to its ability to tackle the majority of devices, its easy availability in the market, and its user-friendly ownership. It is also suitable for many applications for personal, professional and gaming purposes.
Next to Google Cast, Airplay holds the largest market share due to its popularity in gaming apps that require multiple screens and high-end graphics. Airplay is a proprietary protocol developed by Apple Incorporation that enables wireless streaming between devices of video, audio, images and device screens with associated metadata.
The commercial segment dominated the market and held the largest market share of 59.98% in 2020
Based on the application, the global wireless display market is segmented into consumer and commercial segments. The commercial segment dominated the market and held the largest market share of 59.98% in 2020. The commercial segment is further segmented into government, education, business and broadcast, healthcare, digital signage and others. This growth is attributed to increasing internet and smartphone penetration, increased awareness of technology and faster adoption. The consumer segment has experienced a tremendous growth rate due to its cost-effective streaming devices accessible with wireless technologies that provide users with a rewarding experience, on demand and across multiple platforms.
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Regional Segment of Wireless Display Market
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
- Asia-Pacific (China, Japan India, Rest of APAC)
- South America (Brazil and rest of South America)
- Middle East and Africa (UAE, South Africa, rest of MEA)
On the basis of geography, the global wireless display market is classified into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The North America region held the largest market share of 43.82% in 2020. This growth is seen by the United States in the North America region due to the growth of digital signage and technological advancements. Asia-Pacific region is experiencing the fastest growth rate due to increasing disposal revenues, growing awareness of high-end technology in commercial and consumer segments, and industrialization growing.
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About the report:
The global wireless display market is analyzed on the basis of value (billion USD). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.
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