Wireless Display Market By Offerings (Hardware, Software and Services), By Technology (Google Cast, WiDi, Wireless HD, Miracast, Airplay, and Others), By Application (Residential and Commercial) - Growth, Future Prospects and Competitive Landscape, 2018 – 2026

The global wireless display market was valued at $2.96 billion in 2017 and is expected to grow at a CAGR of 11.5% from 2018 to 2026. Wireless display technology has evolved greatly over the last few years and is now witnessing more widespread use and adoption.

Wireless displays are those that can be accessed wirelessly from a separate compatible device, such as a smartphone, tablet, or laptop, allowing enhanced content viewing over a peer-to-peer media transmission to a larger display gadget without using wires. The traditional broadcast pattern of displays supporting only one-directional flows of information has become antiquated.

It has been replaced by the paradigm of a wireless display that is shared and accessible by multiple people and allows for more interactive and engaging experiences. The wireless display has transformed the use of mobile devices and other handheld devices from purely private, isolated interactions to enriching and informing social, shared experiences.

The increasing adoption and use of various handheld devices have made the consumption of digital content one of the largest and fastest-growing areas in the field of consumer electronics. The ubiquity of Wi-Fi has helped facilitate that growth, as the majority of wireless display solutions available in the market operate over standard IP networks like Wi-Fi. It is used for streaming videos, music, etc., to compatible wireless display adapters.

Wireless display technology is becoming more prevalent, making displays wirelessly accessible and empowering participants in the room to share information more naturally and freely. The increasing adoption of wireless display technology in residential applications for mirroring or streaming online content from external sources is expected to facilitate market growth in the years to come. Furthermore, the increasing availability of multiple wireless display options at low cost, combined with rising preferences to adopt evolving technologies in consumer electronics, is expected to boost market growth globally.

Market Snapshot

Hardware accounted for the largest market share in 2017.

In 2017, the hardware segment accounted for the largest market share in the global wireless display market. The segment is likely to grow at a significant rate during the forecast period from 2018 to 2026. The primary component of the wireless display setup is hardware, which facilitates effective content transfer.

To meet the growing customer needs, wireless display providers have constantly been innovating and updating their hardware offerings. Moreover, the availability of various devices, such as dongles, adapters, and other streaming devices at a low cost, has been contributing to the growth of this segment.

North America garnered the largest market share in 2017.

The global wireless display market, based on geography, was led by North America in 2017 and is likely to grow substantially throughout the forecast period from 2018 to 2026. The growth of this region is mainly accredited to technological advancements and increased adoption of display technologies across commercial and residential applications. The growing penetration of smart devices is yet another important growth stimulant for the market in the region. North America has a well-established infrastructure, which thereby allows for faster implementation of advanced technologies.

Competitive Insights

Wireless display providers are constantly making significant investments in product innovations that are likely to help their products sell. Some of the major players in the wireless display market include Google LLC, Amazon.com, Inc., Apple Inc., Intel Corporation, Microsoft Corporation, Roku, Inc., Netgear, Inc., Cavium, Inc., Actiontec Electronics, Inc., Belkin International, Inc., Lattice Semiconductors, and MediaTek Inc., among others.

Periods of History and Forecast

The research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The wireless display market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global wireless display market based on offerings, technology, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the size of the wireless display market in 2017, and what is the forecast up to 2026?
• What are the key factors driving the global wireless display market?
• What are the key market trends and high-growth opportunities observed in the wireless display market?
• What are the drivers of the wireless display market?
• Which is the largest regional market for wireless display technology?
• Which segment will grow at a faster pace? Why?
• Which region will drive the market's growth? Why?
• Which players are leading the wireless display market?
• What are the sustainability strategies adopted by the key players operating in the market?

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