Global Wireless Display Market Booming at a CAGR of 10.06% to Estimated 23.3

Posted by ganesha on December 24th, 2019

Global Wireless Display Market By Offering {Hardware (Standalone, Brand Product Integrated),Software}, By, Application {Consumer, Commercial (Corporate & Broadcast, Digital Signage, Education, Healthcare, Government}, By Technology Protocol (Wireless HD, Miracast, Wi-Fi display, Airplay, Google Cast, DLNA)

Global Wireless Display Market is expected to reach USD 5,623.3 million by 2025 from USD 2,530.0 million in 2017, at a CAGR of 10.6% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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The major factors driving the growth of this wireless display market are extensive usage of smartphones, tablets, smart TV, increasing adoption of on-demand entertainment and rising popularity of different display technologies. Growth in positioning of wireless display in the commercial sector is furthermore boosting the growth of the global wireless display market.  On the other hand, availability of cheaper substitute in wired connectivity devices may hinder the growth of the market.

Market Segmentation: Global Wireless Display Market

•          The global wireless display market is segmented on the basis of offering, application, technology protocol and geography. The global wireless display market is segmented based on offering into two notable segments; hardware and software and services. The wireless display market is dominated by hardware with 63.8% market share in 2017, growing at with the CAGR of 10.2% in the forecast period.
•          Software is sub segmented into standalone and brand product integrated. The hardware wireless display market is dominated by standalone with 68.9% market share in 2017, growing at with the CAGR of 10.0% in the forecast period.
•          On the basis of application, global wireless display market is segmented into two notable segments; consumer and commercial sector. Commercial sector is sub segmented into corporate & broadcast, digital signage, education, healthcare and government.
•          On the basis of technology protocol, global wireless display market is segmented into six notable segments; Wireless HD, Miracast, Wi-Fi display, Airplay, Google Cast, DLNA.

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Key Drivers: Global Wireless Display Market

Some of the major factors driving the market for global wireless display are the extensive usage of smartphones, tablets, smart TVs, increasing adoption of on-demand entertainment, rising popularity of different display technologies and growth in positioning of wireless display in the commercial sector.

•          Availability of cheaper substitute in wired connectivity devices are the factor which may hinder the growth of this market.
•          Growth in the digital signage and DOOH market will drive the market in future.

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