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Wireless Display Global Market Report 2023
Major players in the wireless display market are Amazon Inc., Apple Inc., Intel Corporation, Lattice Semiconductor, Marvell Semiconductor Group Ltd., MediaTek Inc., Microsoft Corporation, Netgear Inc.
New York, March 14, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Wireless Display Global Market Report 2023" - https://www.reportlinker.com/p06316972/?utm_source=GNW
, Roku Inc., Splashtop Inc., Actiontec Electronics Inc., Belkin International Inc., Squirrels LLC., Silicon Image Inc., Qualcomm, App Dynamic, Cavium Inc., and Alphabet Inc.
The global wireless display market grew from $4.29 billion in 2022 to $5 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The wireless display market is expected to grow to $8.89 billion in 2027 at a CAGR of 15.5%.
The wireless display market consists of sales of technologies that are used in wireless displays such as Wireless Home Digital Interfaces (WHDI) , Wireless Gigabit Alliance(WiGig) , and Ultra-wideband (UWB ).Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The wireless display refers to a technology that is used to display content from a phone or a computer on a TV or projector without using a video cable and is used for mirroring content and online streaming in residential applications.
North America was the largest region in the wireless display market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the wireless display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of technologies used in the wireless display are wireless HD, WiDi, miracast, airplay, google cast, digital living network alliance (DLNA), and others (WHDI, WiGig, and UWB).WirelessHD is used in consumer electronic devices for the transfer of high-definition video data content.
The wireless display is offered in hardware and software and services and is used in consumer, corporate and broadcast, digital signage, government, healthcare, education, industrial, and other applications.
The increased usage of consumer products such as smartphones, tablets, computers, and smart TVs across the globe is contributing to the growth of the market.The wireless display is a kind of technology that enables the display of content from a phone or a computer on a TV or projector without a video cable.
Globally there has been an increasing demand for consumer products such as smartphones and others owing to several benefits offered, including increased connectivity, and remote functioning, among others.Thus, an increase in the usage of smartphones, tablets, computers, and smart TVs will be an increase in demand for the display of content on big screens supporting the growth of the market.
For example, in 2022, there are 6.648 billion smartphone users in the world which equals 83.72% of the world’s population. Similarly, according to US Census Bureau’s Current Population Survey (CPS) and American Community Survey (ACS), the percentage of families with at least one computer has increased from 89.3% in 2016 to 94.5% in 2021 and is projected to reach 95.2% in 2022. Thus, the rise in the use of consumer products will drive the growth of the wireless display market.
Companies in the wireless display market are focusing on launching various new products or devices in the market to attract more customers in the market.A product is a coordinated and planned effort to debut a new product to the market and make it available for purchase.
For example, in October 2021, BenQ, a Taiwan-based company engaged in selling and marketing technology products, launched a smart wireless portable projector having 2.1 channel speakers, curved ultra-wide entertainment monitors, and Mobiuz-series gaming monitors.
In December 2021, Molex, a US-based company engaged in the manufacture of electrical, electronic, and fiber-optic connectivity systems acquired Keyssa Inc., for an undisclosed amount. With this acquisition, Molex has expanded and diversified its micro connector portfolio with cable-free connectors for near-field, highly flexible, and device-to-device applications. Keyssa Inc. is a US-based provider of high-speed contactless connectors.
The countries covered in the wireless display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The wireless display market research report is one of a series of new reports that provides wireless display market statistics, including wireless display industry global market size, regional shares, competitors with a wireless display market share, detailed wireless display market segments, market trends and opportunities, and any further data you may need to thrive in the wireless display industry. This wireless display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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