Global Wireless Display Market Size, Share, Growth Analysis, By Technology(Wi-Fi, Bluetooth), By Application(Consumer electronics, education), By End user(Residential, commercial) - Industry Forecast 2024-2031

Report ID: SQMIG45K2064 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 93 | Figures: 76

Global Wireless Display Market News

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, 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 December 2022, 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.

In November 2022, Samsung announced the launch of its new wireless display product, SmartThings View. The product is designed to allow users to mirror their smartphone or tablet screen to a TV.

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Global Wireless Display Market size was valued at USD 4.34 billion in 2022 and is poised to grow from USD 4.83 billion in 2023 to USD 11.37 billion by 2031, at a CAGR of 11.3% during the forecast period (2024-2031).

Global Wireless Display Market features a highly competitive landscape with the presence of several key players. Some of the prominent players in the market focus on product innovation and technological advancements to gain a competitive edge. They invest significantly in research and development to introduce new features and functionalities in their wireless display solutions. Additionally, strategic partnerships, collaborations, and acquisitions are common strategies employed by these players to expand their market presence and enhance their product portfolios. With the growing demand for wireless display solutions, the competition among these players intensifies, leading to continuous advancements and improvements in the market offerings. 'Apple Inc. (US)', 'Google LLC (US)', 'Microsoft Corporation (US)', 'Samsung Electronics Co., Ltd. (South Korea)', 'LG Electronics Inc. (South Korea)', 'Sony Corporation (Japan)', 'Roku, Inc. (US)', 'Amazon.com, Inc. (US)', 'Intel Corporation (US)', 'Cisco Systems, Inc. (US)', 'Dell Technologies Inc. (US)', 'NEC Corporation (Japan)', 'Panasonic Corporation (Japan)', 'Sharp Corporation (Japan)', 'Hitachi, Ltd. (Japan)', 'Epson America, Inc. (US)', 'Barco NV (Belgium)', 'Crestron Electronics, Inc. (US)', 'Prysm, Inc. (US)', 'Airtame A/S (Denmark)'

The proliferation of smartphones, tablets, and laptops has significantly contributed to the growth of the wireless display market. As more consumers own these smart devices, there is a growing need to wirelessly connect and share content on larger screens. For example, users can wirelessly stream videos, photos, or presentations from their smartphones to a television using wireless display technologies like Miracast or AirPlay.

Increasing Integration of Wireless Display in Smart TVs: Smart TVs are now being equipped with built-in wireless display capabilities, enabling users to directly mirror or stream content from their smart devices without the need for additional hardware. This integration offers convenience and enhances the overall user experience. For example, many smart TVs now come with built-in support for Miracast or AirPlay, allowing seamless connectivity with smartphones and tablets.

North America dominated the global market. North America is at the forefront of technological advancements and boasts a high wireless display solutions adoption rate. The region's strong presence of major technology companies and the increasing demand for advanced display technologies in various sectors, including education, healthcare, and entertainment, contribute to its dominant position in the market. For instance, leading companies like Apple Inc. and Google LLC have introduced wireless display technologies such as AirPlay and Chromecast, respectively, which have gained widespread popularity among consumers.

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Global Wireless Display Market Size, Share, Growth Analysis, By Technology(Wi-Fi, Bluetooth), By Application(Consumer electronics, education), By End user(Residential, commercial) - Industry Forecast 2024-2031

Global Wireless Display Market News

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