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Wireless Display Market Share, Growth 2025 | Industry Trend Report

Wireless Display Market Analysis Report By Technology, By Offering, By End-Use And Segment Forecasts From 2019 To 2025

Report ID: MN17620149  |  Published: October 2020  |  No of Pages: 90
Format: Electronic (PDF)  |  Industry: Technology  |  Publisher: Grand View Research

Industry Insights

The global wireless display market size was accounted for USD 3.0 billion in 2018. It is projected to grow at a CAGR of 11.2% over the forecast period, 2019 to 2025. Rising trend of visualized advertising and promotion strategies is expected to boost the growth of wireless display technology.

China wireless display market

Furthermore, the launch of the various streaming solution including software suites and adapters are changing the communication & entertainment sector, and learning applications in the commercial & residential sectors.

Several companies use the wireless streaming solutions to collaborate and communicate with customers, investors and stakeholders. Additionally, these solutions allow centralizing the data access & control which help to manage training, workforce engagement in the organizations. 

Wireless displays are widely used for online streaming, mirroring content in residential applications. The availability of wireless display at low cost is gaining traction among consumers. In addition, growing advanced technology innovations are supporting wireless display market growth. 

Furthermore, supportive government initiatives regarding digital multimedia access is projected to spur market growth. For example, the Indian Government has introduced the Smart city mission, which is promoting the adoption of digital devices, which includes interactive devices, LED unipoles and signboards for messaging.

The companies continuously engage in product innovation to deliver advanced features to customers. These streaming solutions are available at low-cost and offer high digital convergence. 

Increasing demand for wireless displays across applications in gaming, digital signage, augmented & virtual reality is projected to foster the market growth in the next few years. Rising smartphone penetration and digital media is expected to positively impact market growth. However, technical complexity, high manufacturing cost may hinder the market growth. Further, connectivity issues in developing countries are posing a challenge to the industry.

Offering Insights

The market is fragmented into software & services and hardware depending on the Offering. In 2018, the hardware offering segment contributed to a revenue share of more than 63.0% in the global market. The availability of different devices like dongles, adapters and other connecting devices is proliferating the market growth. 

Streaming software tools include an operating system, software suites. These solutions provide various advantages such as flexibility, easy upgradation, and easy integration. Software & service segment is projected to expand at the fastest CAGR of over 12.3% over the forecasted period. 

End-Use Insights

Streaming devices are widely used across sectors such as education, government, healthcare, and private. The growing trend of wireless technology and the increasing need for effective communication and interactive platforms is boosting the wireless display market growth.  Commercial segment is anticipated to grow at the fastest CAGR from 2019 to 2025. 

In 2018, the residential end-use segment contributed to a market share of more than 55.0% in terms of global revenue. It is expected to register the CAGR of 9.8% from 2019 to 2025. Wireless technology enables improved user experience and on-demand entertainment platforms. These streaming devices can deliver high-resolution video solutions that are compatible with electronic devices. All these key factors are expected to foster the market growth. 

Technology Insights

The Google cast technology is estimated to grow at the fastest CAGR of around 12.0% during the forecast period. Google cast offers greater compatibility for various resolution such as HD, SD, and Ultra HD (UHD), and low-cost devices. These benefits are expected to surge the demand for wireless displays.

Global wireless display market

In 2018, AirPlay segment occupied a considerable share in the market. It is projected to expand the CAGR of 11.0% over the forecast period. In high-end graphics, and multiple screens, the Airplay technology is used. Airplay can offer multiple features with easy user interface, and control functions. Google cast tools support cloud based applications. 

Regional Insights

In 2018, North America and Europe together held the market share of over 60.0% in terms of global revenue. Increasing adoption of smart TVs, laptops, and smartphones is projected to bolster the regional growth. European and North American markets are mature, and electronics products are at saturation stage.

Asia Pacific is estimated to grow at the fastest CAGR from 2019 to 2025. Rising technological innovations, and rapid urbanization across China, and India is contributing to wireless display market growth. In addition, various government policies regarding the increasing utility of wireless connectivity is augmenting market growth.

COVID-19 Impact Analysis

Coronavirus outbreak has disrupted the production of wireless display devices since the manufacturing units have been shut down for over three months. However, the market is projected to witness steady growth in the next few years.

During the lockdown, in-home TV viewing has been increased, and also there have cancellation live sports event due to pandemic situation. Thus, online streaming, OTT platforms are gaining traction among consumers. These streaming solutions deliver high quality resolution video content. For Instance, Google offers premium function through Hangouts Meet application for video conferencing. 

Wireless Display Market Share Insights

The market is highly competitive in the nature owing to the presence of global & established players. Key players in the market are focusing on developing innovative products to expand their product portfolio. Leading players in the market include Google LLC, MediaTek Inc., Roku, Inc., Apple inc., Marvell Semiconductor Group, and Intel Corporation.

Key players such as Apple Inc, Intel, and Google LLC continuously engage in developing innovative wireless technology solution to remain competent in the market.

Report Scope

Attribute

Details

Market size value in 2020

USD 3.7 billion

Revenue forecast in 2025

USD 6.3 billion

Growth Rate

CAGR of 11.2% from 2019 to 2025

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Quantitative Units

Revenue in USD Millions, & CAGR from 2019 to 2025

Report coverage             

Revenue forecast, company ranking, competitive landscape, growth factors and trends

Segments covered

offering, end-use, technology, region

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Country scope

U.S., Canada, Germany, U.K., France, China, Japan, India, Brazil, and Mexico.

Key companies profiled

Apple Inc.; Google LLC; Intel Corporation; Marvell Semiconductor Group Ltd.; MediaTek Inc.; Roku, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global wireless display market report on the basis of offering, end use, technology and region:

• Offering Outlook (Revenue, USD Million, 2014 - 2025)
    • Hardware
    • Software & Services

• End-Use Outlook (Revenue, USD Million, 2014 - 2025)
    • Residential
    • Commercial

• Technology Outlook (Revenue, USD Million, 2014 - 2025)
    • AirPlay
    • Miracast
    • Google Cast
    • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)

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