The wireless display market is expected to reach USD 12,989.0 million by 2032. It is expected that the use of various wireless display adapter types will increase over the next ten years as commercial preference for visual marketing and advertising tactics grows. The market is growing at a strong CAGR of 11.6% from 2022 to 2032.
Wireless display demand increased by 10.4% between 2016 and 2021. According to FMI, the global wireless display market will be worth USD 4,338.0 million by 2022. Wireless display eliminates the need for VGA or HDMI converters and AV cords when connecting smartphones, tablets, and PCs to projectors and room displays.
The market for wireless displays is the area of technology that enables users to wirelessly send audio and video material from a computer or mobile device to a display device like a TV or monitor. With the help of this technology, there is no longer any need for physical connections like cables between the source and display devices.
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The market for wireless display technology has been growing rapidly in recent years, driven by factors such as the increasing demand for flexible and mobile work environments, the rise of smart homes, and the growing popularity of streaming services.Although the market for wireless displays has grown significantly, it still confronts difficulties such device incompatibilities and bandwidth and signal strength restrictions.
Key Factors of the Wireless Display Market:
- Advancements in Wireless Technology: The development of faster and more reliable wireless technologies, such as Wi-Fi 6 and 5G, has facilitated the seamless transmission of high-quality audio and video content from devices to displays. These technologies offer higher bandwidth, reduced latency, and improved connectivity, enhancing the overall user experience.
- Rise in BYOD Culture: The “Bring Your Own Device” (BYOD) culture in workplaces and educational institutions has fueled the demand for wireless display solutions. Employees and students expect to connect their personal devices, such as laptops, smartphones, and tablets, to larger displays for presentations and collaboration.
- Consumer Demand for Convenience: Consumers are increasingly looking for convenience in their entertainment and computing experiences. Wireless displays eliminate the need for cumbersome cables and allow users to mirror or extend their device screens to larger displays effortlessly.
Competition Analysis:
Google, Inc., Apple Inc., Microsoft, Roku, Inc., Lattice Semiconductor, NETGEAR, Cavium, Actiontec Electronics, Inc., and Belkin International, Inc. are among the key businesses operating in the worldwide wireless display industry.
The bulk of the key players intend to launch cutting-edge wireless displays to meet the needs of a wide range of end-use sectors. They are also collaborating with a number of educational institutions to provide Bluetooth PC displays for the benefit of students. A few other businesses are strengthening their positions in the worldwide wireless display market through mergers and acquisitions and joint ventures.
- The Japanese industrial corporation Panasonic announced in July 2022 that two innovative capabilities had been added to its Panasonic PressIT wireless presentation system to help business users streamline their content-sharing needs. For people who wanted to instantly communicate their ideas with a group, the company developed Multicast and Wireless Display functionalities. Additionally, it would make it possible for users to interact more widely with their team or share material.
- Google will launch its updated Chromecast with Google TV in India in July 2022. The smartphone is currently available on Flipkart for Rs 6,399 (US$ 80.11 Billion). The company plans to launch the new product at a variety of different retail locations across the country in the near future. The new Chromecast with Google TV has a thin, compact form and may easily be linked to TVs via HDMI connections.
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Key Segments Profiled in the Global Wireless Display Market
Wireless Display Market by Offering Type:
- Hardware
- Software
- Services
Wireless Display Market by Application:
- Consumer
- Commercial
- Corporate
- Educational
- Government
- Healthcare
- Others
Wireless Display Market by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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