Global Wireless Display Market Size to Exceed USD 15.41 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Wireless Display Market Size Expected to Grow from USD 5.21 Billion in 2023 to USD 15.41 Billion by 2033, at a CAGR of 11.45% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Wireless Display Market Size, Share, and COVID-19 Impact Analysis, By Offering (Hardware, Software, and Services), By Technology (Airplay, Miracast, Google Cast, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The wireless display market is defined as the industry that allows wireless audio, video, and multimedia content transmission from devices such as smartphones, tablets, laptops, and PCs to external displays, including TVs, monitors, and projectors, without the need for cables. This technology employs Wi-Fi, Bluetooth, Miracast, Chromecast, AirPlay, and other wireless protocols to ensure seamless screen sharing, mirroring, and streaming for consumer and commercial applications. Moreover, increasing demand from consumer and commercial sectors for smooth connectivity and streaming of high quality is driving the Wireless Display Market. Adoption among corporate and educational sectors is due to remote working, virtual meetings, and learning. Increased smart TV, smartphones, and Internet of Things device penetration along with 5G and Wi-Fi 6 upgrades improves the efficiency of wireless displays. The gaming industry and home entertainment need for 4K and ultra-HD streaming further accelerate the growth of this market, for which wireless displays are a preferred solution. However, the connectivity, latency, and compatibility issues across multiple devices take their toll as restraints on the Wireless Display Market. Wireless transmission security becomes a concern with high-end technology involving widespread adoption in enterprise and commercial sectors.
The hardware segment accounted for the largest share of the global wireless display market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of offering, the global wireless display market is divided into hardware, software, and services. Among these, the hardware segment accounted for the largest share of the global wireless display market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth due to the high demand for wireless display adapters, receivers, smart TVs, projectors, and streaming devices, hardware remains essential for enabling seamless screen mirroring, casting, and content sharing, driving significant market growth with increasing adoption in home entertainment, gaming, corporate meetings, and education.
The displays segment accounted for a substantial share of the global wireless display market in 2023 and is anticipated to grow at a rapid pace during the projected period.
Based on technology, the global wireless display market is divided into airplay, miracast, google cast, and others. Among these, the displays segment accounted for a substantial share of the global wireless display market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is because of its adoption by smart TVs, streaming devices, and Android ecosystems. Its easy integration with Chromecast, Google TV, and Android devices with high-quality streaming, multi-device compatibility, and ease of use makes it the preferred choice of consumers and businesses alike.
North America is projected to hold the largest share of the global wireless display market over the projected period.
North America is projected to hold the largest share of the global wireless display market over the projected period. The medium will be driven by strong adoption of smart devices, streaming services, and wireless technologies. Given its advanced infrastructure, a significant presence of tech giants such as Google, Apple, and Microsoft, and growing demand for remote work solutions and home entertainment, this region is a key driver of market growth, making it a significant player in the wireless display industry.
Asia Pacific is expected to grow at the fastest CAGR growth of the global wireless display market during the projected timeframe. The high adoption of smartphones, smart TVs, and internet connectivity in China, Japan, and India, mainly due to rapid growth in the region, are key drivers of this market. Increasing consumer electronics, rising demand for online streaming, and growth in e-commerce platforms all lead to the wide-scale adoption of wireless display technologies, hence driving the market.
Company Profiling
Major vendors in the global wireless display market are Actiontec Electronics, Inc., Apple Inc., Belkin, Google LLC, IOGEAR, Intel Corporation, Lattice Semiconductor, LG Electronics, Marvell, MediaTek Inc., Microsoft Corporation, MiraScreen, NETGEAR, Roku, Inc., StarTech.com., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In July 2024, LG introduced its new OLED TV with an entirely wireless design. The newest model is the first 77-inch 4K OLED with a completely see-through screen; this offers viewers a new level of experience because it doesn't have any cables. Instead, it relies on a transmitter box to send the video and audio signals to an attached device for a clutter-free setup.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global wireless display market based on the below-mentioned segments:
Global Wireless Display Market, By Offering
- Hardware
- Software
- Services
Global Wireless Display Market, By Technology
- Airplay
- Miracast
- Google Cast
- Others
Global Wireless Display Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa