Wireless Display Market: Global Industry Analysis and Forecast (2024-2030)

Wireless Display Market Overview:

A wireless display is any type of display i.e. flat panel LED, LCD, projector, video wall, etc. that is accessed wirelessly from a separate device such as a laptop, tablet, or smartphone. The vast majority of the wireless display solutions available in the market operate over standard IP networks like WiFi. Today’s enterprise wireless display solutions are separate consoles or dongles that plug into existing displays to make the displays wirelessly accessible. The goal of Wi-Fi advancements like Wi-Fi 6 is to boost data speed, improve network capacity, and reduce latency.

 

As a result, advancements in technology have a direct influence on wireless screens. Wireless display providers are continually making substantial investments in product innovations that are likely to aid the sale of low-cost streaming devices through the forecast period. The introduction of streaming solutions including adapters, software suites, and other streaming devices has transformed the means of entertainment, communication & collaboration, and learning in both residential & commercial applications.

 

• Global Wireless Display Adapter Exporters & Suppliers directory, there are 155 active Wireless Display Adapter Exporters in the World exporting to 154 Buyers.
• INDEKS INTERNATIONAL FZE accounted for maximum export market share with 16 shipments followed by GOLDEN STAR TECHNOLOGY INC with 15 and WEISS ROHLIG HONG KONG LIMITED at the 3rd spot with 14 shipments.

 

Major Wireless Display market participants are increasing their research and development investments to enlarge their range of products, resulting in additional growth in the wireless display market. Market key players are also participating in various strategic efforts to increase their global footprint, including key Wireless Display industry advancements like introducing new products, entering into contractual agreements, merging with other firms, boosting investments, and collaborating with other organizations.

 

• In January 2024, LG revealed the first wireless TV with a see-through screen, featuring the Signature OLED T and Zero Connect Box with advanced wireless transmission technology for 4K images and sound.
• Apple Inc. is a technology company headquartered in Cupertino, California, and operates globally. Apple is the biggest technology company in the world in terms of revenue, earning US$394.3 billion in revenue in 2022. In March 2023, Apple holds the top spot in market capitalization globally. Apple launched its latest flagship, the iPhone 13. The next model will have a fingerprint scanner included. The feature revolutionizes the company, as it is completely unique to any Apple device before.

 

To get more Insights: Request Free Sample Report

 

Wireless Display Market Dynamics:

Wireless Display Market Growth Driven by On-Demand Entertainment, Smart Devices, and Advancements in Connectivity Technology

Increased demand for various consumer electronics devices, including smart TVs, ultrabooks, and tablets, growing adoption of on-demand entertainment, rising popularity of various display technologies, growing proliferation of smartphones and R&D investments, and the need for faster wireless connectivity owing to the easy availability and use of digital multimedia are the main factors driving the growth of the wireless display market.

 

The emergence of wireless display technology is a product of other technology trends and Wireless Display market forces colliding, and it has the potential to result in the more natural integration of technology into our work and interpersonal lives. The Internet of Things and mobile computing in the form of smartphones and tablets are well-established and growing rapidly. In the first quarter of 2024, Apple was the primary supplier of tablets, accounting for 32% of all global shipments.

 

It came at the same time as the increasing of Samsung, which makes Android-based tablets. In the first quarter of 2024, its share of the market increased by 7.3%. Compared to Apple's 9.9 million tablets shipped in the same period, Samsung shipped only 6.7 million tablets, bringing in over 5 billion US dollars in revenue. The demand for wireless displays is driven by these two trends, which also drive the Wireless Display market growth.

 

IoT, 5G, Edge Computing, and AR/VR Integration in Wireless Display Technology

Integration with IoT: As the Internet of Things (IoT) continues to expand, Wireless Display technology is likely to integrate with IoT devices, enhancing user control and interaction.

5G and Edge Computing: The rollout of 5G networks and advancements in edge computing will further enhance the capabilities of Wireless Display technology, enabling real-time streaming of high-quality content.

AR and VR Integration: Augmented Reality (AR) and Virtual Reality (VR) technologies can be seamlessly integrated with Wireless Display solutions, leading to immersive and interactive experiences.

 

Navigating Compatibility and Interoperability Challenges in the Wireless Display Industry

The wireless display industry is confronted with difficulties related to compatibility and interoperability between various systems and devices. The seamless communication between devices is limited by the disparities in wireless display technologies supported by different devices. A disjointed user experience might result, for instance, from a wireless display technology that is incompatible with Apple products yet functions perfectly with Android smartphones.

 

Wireless Display Market Segment Analysis:

By Technology, Wi-Fi technology dominate the segment in 2023 for the Wireless Display Market. Wi-Fi technology enables wireless connectivity and content sharing across multiple devices, making it a popular choice for wireless display solutions. Improvements in Wi-Fi technology enhance the overall performance and dependability of Miracast connections. Providing a simple and adaptable method for sharing content between devices, Miracast is revolutionizing wireless display technology. It is a great choice for both personal and professional applications thanks to its ease of use, wide range of compatibility, and high-quality streaming.

 

The Wireless Display Market is segmented by application including Consumer Electronics, Corporate & Broadcast, Government, Healthcare, Education, Industrial, and Others. Consumer Electronics is the dominant segment in the market. Consumer Electronics is the growth in the adoption of consumer electronics featuring interactive wireless technologies, which improves the user experience, offers on-demand entertainment & provides cost-effective engagement platforms.

 

These wireless-enabled streaming devices come with high-resolution displays & seamless compatibility with other consumer electronics, making them the favored choice for residential use & driving the demand for the wireless display industry. The support of Wireless Display technology is found in many contemporary consumer electronics, including smart TVs and streaming devices, which guarantees interoperability and user-friendliness across a range of platforms and devices.

 

• In March 2023, Google announced the launch of its new wireless display product, Chromecast with Google TV. The product is designed to make it easy to stream content from a variety of devices to a TV.
• Between 2023 and 2024, the number of LCD TV panel shipments is forecast to increase by 3.4 percent, reaching 242 million units.

Wireless Display Market Regional Insight:

North America held XX % share in 2023 for the Wireless Display Market. The growing digitization or digitalization which has created a demand for IOT-enabled devices, rising disposable income along with adopting on-demand entertainment and easy connection and setup is simplified across the globe and emerges as the major factor driving the Wireless Display market growth in the region. In addition, the region has a well- established structure that permits ultramodern technology to be enforced fleetly. Another factor driving Wireless Display assiduity growth is the adding operation of smart TVs, smartphones, tablets, and PCs.

 

In the region, the consumer request has played a vital part in the swell of demand for the wireless display request. The production of smart TVs, streaming bias, and smartphones has fueled the need for flawless and wireless content sharing. Consumers are seeking accessible ways to image their defenses, sluice content, and share multimedia across bias without the hassle of lines. It has led to the development of stoner-friendly wireless display results that feed to the different requirements of tech- expertise consumers.

• Wireless display adapter export shipments from the World to the United States stood at 53 exported by 27 World Exporters to 24 United States Buyers.
• The top 3 exporters of Wireless display adapters are China with 994 shipments followed by the United States with 100 and Vietnam at the 3rd spot with 24 shipments.

 

Top 3 Product Categories of Wireless display adapter in World to united states

HSN Code 853934: 853934

HSN Code 847290: 847290

HSN Code 844332: 844332

 

Wireless Display Market Competitive Landscape:

Key players in the Wireless Display Market prioritize technological advancements, ecosystem integration, market segmentation, and improving user experience, security, and scalability. Key players distinguish themselves by their product offerings, target markets, and strategies to uphold their dominance in a quickly changing industry.

 

The wireless display market, Google and Microsoft have distinct approaches tailored to their unique customer bases. The success of Google's Chromecast is due to its ease of use, ability to work with the Google ecosystem, and affordable price. Alternatively, the Wireless Display Adapter from Microsoft is aimed at business professionals, emphasizing productivity, security, and compatibility with Windows systems. The strategic distinction allows both firms to leverage their strengths and maintain significant market positions in the wireless display industry. Various companies target particular market segments like businesses (Crestron, Microsoft), schools (Mersive), household electronics (Google, Apple), and professional audio-visual solutions (Barco), LG, Roku, and more by customizing their products to suit the needs of each industry.

 

For instance, Apple: Apple has extended AirPlay to support wireless streaming from iOS devices, Mac computers, and Apple TV to compatible displays and speakers. They emphasize ecosystem integration and high-quality audiovisual experiences.

 

• In March 2023, Google announced the launch of its new wireless display product, Chromecast with Google TV. The product is designed to make it easy to stream content from a variety of devices to a TV.
• In February 2023, Amazon announced the launch of its new wireless display product, the Fire TV Stick 4K Max. The product is designed to offer a faster and more responsive streaming experience than previous Fire TV Stick models.
• In January 2023, Roku announced the launch of its new wireless display product, Roku Express 4K+. The product is designed to offer a 4K streaming experience at a lower price than previous Roku models.

 

Conclusion: As per SMR Analysis, the wireless display industry is growing thanks to technological advancements and the rising need for seamless connectivity in homes and businesses. Companies such as Google, Microsoft, LG, Apple, and Amazon are heavily investing in research and development and forming strategic partnerships to improve their products and strengthen their position in the market. Google's Chromecast and Microsoft's Wireless Display Adapter showcase different approaches in the industry.

 

The market is advancing because of the increasing popularity of smart devices, the demand for instant entertainment, and the use of advanced connectivity technologies such as Wi-Fi. LG's transparent wireless TV and Apple's AirPlay extension show the potential for wireless display tech to transform entertainment, communication, and teamwork. With businesses continuing to tailor their products to various market segments, the wireless display market is expected to see substantial growth owing to enhanced user engagement, increased device compatibility, and the integration of cutting-edge technologies.

 

Wireless Display Market Scope:

Wireless Display Market
Market Size in 2023	USD 5.20 Bn.
Market Size in 2030	USD 12.20 Bn.
CAGR (2024-2030)	12.9 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Offering Hardware Software
	By Technology Wi-Fi Bluetooth Wireless HD Others
	By Application Consumer Electronics Corporate & Broadcast Digital Signage Government Healthcare Education Industrial Others
Regional Scope	North America- United States, Canada, and Mexico Europe – United Kingdom, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Wireless Display Market Key Players

1. Apple Inc. - Cupertino, California, USA
2. Google LLC - Mountain View, California, USA
3. Microsoft Corporation - Redmond, Washington, USA
4. Samsung Electronics Co., Ltd. - Suwon, South Korea
5. LG Electronics Inc. - Seoul, South Korea
6. Sony Corporation - Tokyo, Japan
7. Roku, Inc. - San Jose, California, USA
8. Amazon.com, Inc. - Seattle, Washington, USA
9. Intel Corporation - Santa Clara, California, USA
10. Cisco Systems, Inc. - San Jose, California, USA
11. Dell Technologies Inc. - Round Rock, Texas, USA
12. NEC Corporation - Tokyo, Japan
13. Panasonic Corporation - Kadoma, Osaka, Japan
14. Sharp Corporation - Sakai, Osaka, Japan
15. Hitachi, Ltd. - Tokyo, Japan
16. Epson America, Inc. - Los Alamitos, California, USA
17. Barco NV - Kortrijk, Belgium
18. Crestron Electronics, Inc. - Rockleigh, New Jersey, USA
19. Prysm, Inc. - San Jose, California, USA
20. Airtame A/S - Copenhagen, Denmark