The global wireless display market is expected to reach USD

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Newark, NJ, Aug 10, 2021 (GLOBE NEWSWIRE) – According to report released by Fior Markets global wireless display market is projected to increase from $ 3.57 billion in 2020 to $ 8.65 billion by 2028, increasing at a CAGR of 11.7% over the forecast period 2021-2028.

Wireless display technology can be defined as a method of connecting compatible devices through peer-to-peer media transfer to large display devices without the use of cables. Wireless display technology is becoming more common as it makes all types of displays such as LCD, panel LED, video wall, projector, etc. wirelessly accessible. The wireless technology also helps perform advanced functions such as streaming online content from external sources. The wireless display adapter enables 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 use of advanced technologies such as wireless display. The advent of streaming solutions, which include software suites, adapters, and other streaming devices, has changed the way people communicate, entertain, and collaborate. The streaming device enables data control and access.

The global wireless display market is expanding due to ease of setup and connection, increasing adoption of on-demand entertainment, improved picture and sound quality, improved bandwidth management, increasing technological advances, increasing penetration in emerging markets, and ease of content sharing between wearable devices & screening and government initiatives. The increase in visual advertising and promotion strategies in commercial projects has valued the use of wireless display technologies. The increased use of web-based interfaces, the availability of multi-user and multi-screen provisioning are seen as favoring the wireless display market. The factors inhibiting the growth of the wireless display market are the availability of cheaper replacements for wired connectivity devices such as USB and HDMI, issues related to interoperability of technology protocols, lack of awareness of wireless display technology, and increased manufacturing costs. The growing digital signage and Dooh market will provide market growth opportunities.

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Major players in the global wireless display market include Google Inc. (USA), Airtame Inc. (Denmark), Amazon Inc. (USA), Squirrels LLC (USA), Apple Inc. (USA), App Dynamic ehf ( Island), Microsoft Corporation (USA), Silicon Image Inc., Qualcomm, Roku Inc. (USA), App Dynamic EHF, Splashtop Inc., Intel Corporation, Lattice Semiconductor (USA), Marvell Semiconductor Group Ltd, NETGEAR Inc. (USA ), MediaTek Inc., Cavium Inc. (USA), Alphabet Inc., Actiontec Electronics Inc. (USA), Belkin International Inc. (USA).

The hardware segment dominated the market, holding the largest market share of 61.9% in 2020
On the basis of offering, the global Wireless Display Market is segmented into Hardware, Software, and Services. The hardware segment dominated the market and held the largest market share in 2020 with 61.9%. This growth is due to the increased availability of multiple devices such as dongles, adapters, and other streaming devices at lower prices.

The Google Cast segment dominated the market and held the largest market share in 2020 at 37.18%

On the basis of the technology protocol, the global wireless display market is divided into Google Cast, Airplay, Miracast, WiDi, Wireless HD and DLNA. The Google Cast segment dominated the market and held the largest market share in 2020 at 37.18%. Google Cast is a proprietary protocol developed by Google for playing video / audio content streamed over the Internet on a compatible device. This growth is attributed to its ability to contend with most devices, ready availability in the market and ease of use. It is also suitable for a wide variety of uses for personal, business, and gaming purposes.

Along with Google Cast, Airplay holds the largest share of the market 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 and associated metadata.

The commercial segment dominated the market, holding the largest market share of 59.98% in 2020

On the basis of the application, the global Wireless Display Market is divided into consumer and commercial segments. The commercial segment dominated the market, holding the largest market share of 59.98% in 2020. The commercial segment is further divided into Government, Education, Corporate & Broadcast, Healthcare, Digital Signage and Other. This growth is attributed to the increasing penetration of the Internet and smartphones, the increasing awareness of technology and the fastest possible adoption. The consumer segment has seen a significant growth rate due to its low-cost streaming devices that are accessible with wireless technologies and offer users an enriching experience, on demand and on multiple platforms.

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Regional segment of the wireless display market

  • North America (USA, Canada, Mexico)
  • Europe (Germany, France, Great Britain, Italy, Spain, rest of Europe)
  • Asia Pacific (China, Japan, India, rest of APAC)
  • South America (Brazil and the 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 segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The North America region held the largest market share in 2020 with 43.82%. This growth is being noted by the United States in the North America region due to growing digital signage and technological advancement. The Asia-Pacific region is experiencing the fastest growth rate due to rising disposal revenues, a growing awareness of high-end technology in both commercial and consumer segments, and increasing industrialization.

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About the report:
The worldwide wireless display market is analyzed for its value (USD billion). All segments were analyzed on a global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the driving factors, opportunities, restraints, and challenges to generate key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, and Competitor Position Grid Analysis.

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Fior Markets is a futuristic market intelligence company that helps clients develop their business strategies and make better decisions with actionable information. With a transparent information pool, we meet the goals of the customers, commitments at a high level and target potential interested parties for SWOT analyzes and market research reports. Fior Markets provides a wide range of regional and global market research reports, including industries such as technology, pharmaceutical, consumer products, food and beverage, chemicals, media, materials, and many others. Our Strategic Intelligence capabilities have been purposely designed to help your business grow and to showcase the dynamics of different industries. We hold excellent units of highly qualified analysts and consultants according to their respective domains. The global market research reports we provide include both qualitative and quantitative analysis of the current market scenario according to the separate geographic regions and comprehensive performance in different regions with global approach. Additionally, our syndicated research reports provide a compact guide to keep companies up to date on the upcoming big redesign in their areas. Fior Markets supports clients with research analyzes that are precisely tailored to their requirements, specifications and challenges, be it comprehensive desk research, surveys, the compilation of several methods, detailed interviews or competitive intelligence. Our research experts are experienced in tailoring staff and methodology to meet your business needs.

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