The global wireless display market size has the potential to grow by USD 2.97 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by technology protocol (Miracast and Wi-Di) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Alphabet Inc., Amazon.com Inc., Apple Inc., Intel Corp., Lattice Semiconductor Corp., MediaTek Inc., Microsoft Corp., NETGEAR Inc., Qualcomm Inc., and Roku Inc.
Market Overview
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Market Competitive Analysis
The wireless display market is fragmented, and the degree of fragmentation will increase during the forecast period. The key players in the market are focusing on various growth strategies, including strategic partnerships. Many established manufacturers of smartphones, tablets, and smart televisions are actively engaging in content partnerships to enhance overall user experience. Vendors are incorporating pre-installed OTT applications in various electronic products to offer HD content and imagery to customers. NETGEAR Inc., Qualcomm Inc., and Roku Inc. are a few of the major market participants. Although the increasing demand for OTT-based content will offer immense business opportunities, interoperability issues associated with wireless displays will challenge the growth of market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market positions, this wireless display market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this wireless display market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading wireless display companies, including:
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Intel Corp.
- Lattice Semiconductor Corp.
- MediaTek Inc.
- Microsoft Corp.
- NETGEAR Inc.
- Qualcomm Inc.
- Roku Inc.
Wireless Display Market: Segmentation by Region
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North America was the largest market for wireless display in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. The key factor contributing to the growth of the market in the region is the significant rise in the number of consumer and commercial applications of wireless displays. The increasing demand for wireless display devices in gaming is also expected to drive wireless display market growth in North America.
Over 40% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for wireless display in North America. Market growth in this region will be slower than the growth of the market in other geographies.
Wireless Display Market: Segmentation by Technology Protocol
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Miracast technology enables real-time sharing of content from one screen to another through wireless displays and can be used to share videos, audios, photographs, presentations, and documents. It works with basic screen mirroring technologies and does not require internet connectivity, which is an additional advantage. This increases deployments for commercial and educational applications as it eliminates heavy video traffic in the network and allows secure connections by saving bandwidth.
Moreover, market growth by the Miracast segment will be faster than the growth of the market by the Wi-Di segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless display market size.
Wireless Display Market: Key Drivers and Trends
The rising customer demand for uninterrupted and advertisement-free content has increased the popularity of OTT-based content platforms. As a result, electronic display device manufacturers are increasingly pre-installing OTT applications, which allow direct streaming of OTT content on televisions using wireless display adapters and dongles. This eliminates the need for any external cable connection. Consequently, OTT-based content developers have recorded an increase in revenue generation from OTT-based content compared with conventional cable connection providers. Furthermore, the launch of localized, regional-based programs among OTT providers will significantly influence wireless display market growth over the forecast period.
- The rising popularity of 4K UHD technology is prompting several streaming services and cable platforms to provide content that is filmed and broadcast at high resolution
- The rapid advances in software and increasing preference for high-quality display resolutions have prompted several vendors, such as Alphabet, Apple, and Microsoft, to offer enhanced display resolutions to provide visual perfection to customers.
- Advanced display technologies, such as OLED and quantum-dot light-emitting diode (QLED) displays, ensure excellent color, lighting, sharpness, and contrast features to display imagery.
- The increasing number of 4K and 4K-enhanced video display projectors is one of the key wireless display market trends, as these are mostly adopted in home theater setups owing to their 4K video upscaling capability.
- During 2020-2024, the market will grow at a CAGR of almost 12%.
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Wireless Display Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will accelerate the wireless display market growth during the next five years
- Precise estimation of the global wireless display market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the wireless display industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of wireless display vendors
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