The global Wireless Display Market size is expected to be valued at USD 12,989.0 Million in 2032. Increasing preference for promotional strategies and visual advertising in the commercial sector is projected to push the use of various types of wireless display adapters in the upcoming decade.
From 2016 to 2021, demand for wireless displays compounded at a rate of 10.4%. As per FMI, the global wireless display market is set to reach USD 4,338.0 Million in 2022.
| Report Attributes | Key Statistics |
|---|---|
| Projected Market Value (2022) | USD 4,338.0 Million |
| Anticipated Forecast Value (2032) | USD 12,989.0 Million |
| Estimated Growth Rate (2022 to 2032) | 11.6% |
Wireless display helps in streamlining the process of connecting smartphones, tablets, and PCs to projectors and room displays by eliminating the requirement of VGA or HDMI adapters and AV cables. Presenters can move freely around a specific room without wires and cables.
At the same time, they can drive the content on the wireless display monitor and this would allow for a more natural collaboration and engagement with the entire room or even one-to-one. A wireless display receiver is often used to connect between a display screen or projector and the mobile device.
Several screen mirroring adapters available in the market today depend on a user gaining access to a wireless access point and utilize existing IP networks over WiFi to connect. Some of the other products can directly create a peer-to-peer connection between a room display and a device.
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Emergence of numerous streaming solutions, including software suites and adapters is projected to change the means of learning, communication & collaboration, and entertainment in both commercial and residential applications. Various organizations across the globe are expected to rapidly adopt screen mirroring adapters to effectively collaborate and communicate with their stakeholders, including investors, clients, and employees.
Moreover, wireless computer monitors would help organizations to centralize data control and access. On account of this, these monitors are expected to be extensively used for training employees with the help of interactive techniques. At the same time, these are set to be used for the management of workforce engagement in a large number of organizational levels. Spurred by the aforementioned factors, sales of wireless displays are likely to grow at a rapid pace in the evaluation period.
HDMI cables help in connecting media devices such as gaming consoles, DVRs, Blu-rays, and cable boxes to a TV set for providing audio and video content to viewers. Nowadays, people are rapidly inclining towards HDMI wireless display receivers from conventional HDMI cables to upgrade their appliances. However, use of the former does come with certain limitations.
There are certain factors that can lower the connection quality depending on an individual’s circumstances. The majority of the HDMI wireless display kits have a distance range of about 100 to 150 feet. If an individual goes beyond that particular range, it can reduce the quality of connection.
Besides, newly launched wireless HDMI monitors by key players are expensive as they include various innovative features. Thus, not many companies, especially in underdeveloped countries can afford these products, which may decline the wireless display market growth in future.
As per FMI, North America wireless display market is estimated to generate a share of about 30.2% in 2022. Increasing adoption of consumer electronics such as laptops, smartphones, and smart TVs across the USA and Canada is anticipated to push the wireless display market share in North America.
Presence of a large number of renowned wireless external monitor manufacturers across North America is another vital factor that would propel the market. California-based ScreenBeam Inc., for instance, introduced the ScreenBeam Conference. It would help in adding support for crucial video conferencing services to the company’s wireless and contactless presentation platform. ScreenBeam Conference would allow users to host a hybrid meeting by using their conferencing client tool of choice and personal laptop.
Thus, ongoing product development activities by reputed companies based in North America is anticipated to bode well for the market.
Europe wireless display market is projected to hold nearly 22.9% of share in 2022. Demand for wireless displays in Europe is expected to grow at a steady pace on the back of early adoption of wireless connectivity technologies across the UK., Italy, and Germany. Rapid expansion of the education sector in Europe with rising investments by government agencies is another vital factor that is estimated to spur growth.
As per the UK. Government, from 2020 to 2021, there were nearly 10,533,613 pupils in the country, which showcased a surge of 1.0%, as compared to 2018 to 2019. During the same period, the full-time equivalent number of teachers was 636,327 in the UK. These numbers are likely to rise in the next decade, thereby pushing the need for advanced wireless display receivers.
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Some of the prominent companies present in the global wireless display market include Google, Inc., Apple Inc., Microsoft, Roku, Inc., Lattice Semiconductor, NETGEAR, Cavium, Actiontec Electronics, Inc., and Belkin International, Inc. among others.
The majority of the leading players are aiming to launch state-of-the-art wireless displays as per the requirements of a wide range of end-use industries. They are also joining hands with numerous educational institutions to supply their Bluetooth PC monitors for the betterment of students. A few other companies are engaging in mergers & acquisitions and joint ventures to strengthen their positions in the global wireless display market.
| Report Attribute | Details |
|---|---|
| Growth Rate | 11.6% CAGR from 2022 to 2032 |
| Market Value in 2022 | USD 4,338.0 Million |
| Market Value in 2032 | USD 12,989.0 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD Million for Value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Offering Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, France, UK, Spain, Italy, China, Japan, South Korea, India, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | Google Inc.; Apple Inc.; Microsoft; Roku, Inc.; Lattice Semiconductor; NETGEAR; Cavium; Actiontec Electronics, Inc.; Belkin International, Inc. |
| Customization Scope | Available upon Request |
The global wireless display market is expected to secure USD 12,989.0 Million by 2032.
The wireless display market is anticipated to showcase a CAGR of 11.6% from 2022 to 2032.
Wireless Display market are Google, Inc., Apple Inc., Microsoft, Roku, Inc., Lattice Semiconductor, NETGEAR, Cavium, Actiontec Electronics, Inc., and Belkin International, Inc. are some of the eminent players in the global wireless display market.
| Market Value for 2024 | USD 11.85 billion |
|---|---|
| Market Value for 2034 | USD 62.92 billion |
| Market CAGR (2024 to 2034) | 18.2% |
| Projected Growth Rate (2023 to 2033) | 4.4% CAGR |
|---|---|
| Expected Market Value (2023) | USD 148,053.0 million |
| Market Value (2033) | USD 228451.9 million |
| Market Estimated Size (2023) | USD 149,441.2 million |
|---|---|
| Market Forecasted Size (2033) | USD 217,682.7 million |
| Market CAGR (2023 to 2033) | 3.8% |
| Market Size (2023) | USD 15.12 billion |
|---|---|
| Market Size (2033) | USD 151.29 billion |
| Market CAGR (2023 to 2033) | 25.9% |
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