Wireless Display Market Size By Offering (Hardware, Solutions & Services), By Technology Protocol


Posted March 30, 2020 by jennysmith

Wireless Display Market was valued at USD 2,919.3 Million in 2018 and is projected to reach USD 7,120.9 Million by 2026, growing at a CAGR of 12.02% from 2019 to 2026.

 
Wireless Display Market Size And Forecast
According to Verified Market Research, The Global Wireless Display Market was valued at USD 2,919.3 Million in 2018 and is projected to reach USD 7,120.9 Million by 2026, growing at a CAGR of 12.02% from 2019 to 2026.

What is Wireless Display?
Having a device that mirrors whatever is there on the user’s phone or laptop to a larger screen is an incredibly useful resource. Wireless Display is one such technology that is quickly becoming prevalent, making any type of display – i.e. flat panel LED, LCD, projector, video wall, etc.- wirelessly accessible. Wireless displays enable users to share content from a device to the display without being tethered to the display by way of a video cable. Users can either join the Wi-Fi network that the wireless display is attached to in order to connect or it can even have separate consoles or dongles that plug into existing displays to make the displays wirelessly accessible.

The wireless display adaptor allows the users to mirror and display the screens of smart devices. The wireless display offers many benefits such as easy content sharing between portable devices and TV, enhanced picture and sound quality, convenient dual-screen multitasking, improved bandwidth management and many more. Increased usage of consumer products such as smartphones, tablets, computers, and smart TVs has contributed to the growth of the wireless display market.

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Global Wireless Display Market Outlook
Increasing advancements in display technologies, easy setup and connection, the rise in usage of smart TVs, smartphones, tablets, and computers and growing adoption of on-demand entertainment have been driving the global wireless display market. On the other hand, issues associated with the interoperability of technology protocols and the availability of cheaper alternatives in wired connectivity devices might hinder the overall growth at a global level.

Global Wireless Display Market, Segment Analysis
The Global Wireless Display Market is segmented on the basis of Offering, Technology Protocol, Application, and Geography.

Wireless Display Market, By Offering:
On the basis of the Offering, the market is bifurcated into Hardware, Solutions & Services. Global Wireless Display Market for Hardware segment is anticipated to be the largest as well as fastest growing over the estimated period. Hardware is a principal component of the setup to facilitate mirroring and content transfer. The hardware companies have been updating their offerings to maintain a competitive advantage in the market.

Wireless Display Market, By Technology Protocol:
By Technology Protocol, the market is classified into AirPlay, Google Cast, Miracast, Wireless HD, WHDI, DLNA, Others. Global Wireless Display Market for Google Cast segment is expected to be the largest as well as fastest-growing during the forecast period. The factors such as easy set-up, low cost, device integration, modularity, and battery management are the factors driving the segment growth.

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Wireless Display Market, By Application:
By Application, the market is classified into Consumer and Commercial. Global Wireless Display Market for Consumer segment is expected to be largest during the forecast period due to factors including higher usage of over-the-top based content worldwide, especially in developed countries such as the U.S., Germany, France, and other developed countries.

Wireless Display Market, Geographic Analysis
The Global Wireless Display market is studied on the basis of key geographies North America, Europe, Asia Pacific and Rest of the World (RoW). North America dominated the Global Wireless Display Market in 2018. US market accounted for the majority of the market in this region in 2018, which is expected to continue over the forecast period.

The North America region has witnessed rapid adoption of mobile handheld devices that have in turn made digital content consumption one of the largest growth areas in consumer technology and the ubiquity of Wi-Fi has helped to enable that growth. The Wi-Fi technology has established itself as the de-facto wireless standard and the rapid growth of residential wireless networks and wireless hotspots in various public places. Moreover, the growing interest of users to stream content on wireless displays has resulted in the growth of the market in the North America region.

Global Wireless Display Market, Competitive Landscape
The Global Wireless Display market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Google INC. (ALPHABET INC.), Apple Inc., Microsoft Corporation, Roku, Inc., Squirrels, LLC., Splashtop Inc., Airtame Inc., Netgear Inc., Belkin International, Inc., Lattice Semiconductor Corporation, and Actiontec Electronics, Inc.

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Issued By vmr
Country United States
Categories Business
Tags wireless display market
Last Updated March 30, 2020