WIRELESS DISPLAY MARKET TO REACH USD 8.07 BILLION BY 2027 | CAGR 13% – FORENCIS RESEARCH

Global Wireless Display Market: Key Highlights

• According to the new market research report “Wireless Display Market by Technology Protocol (DLNA, Miracast, WiDi, Chromecast, AirPlay, Others), by Offering (Hardware, Software, and Services), by Application (Commercial (Healthcare, Education, Government, Corporate Offices, and Others), Residential), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Wireless Display market is estimated to reach USD 8.07 Billion by 2027 at a CAGR of around 13% during the review period.
• Wireless display technology is an embedded into the chip called a wireless display adapter for smart devices. This wireless display technology was invented by Intel to stream music, videos, and applications on TV without using wire.
• Some organizations across the world are using various wireless streaming devices to effectively communicate and collaborate with their stakeholders, including employees, customers, and investors.

Global Wireless Display Market: Key Market Dynamics

• Adoption of consumer electronic devices, simplified setup and ease of connection, and evolution in display technology will drive the market during growth period.
•  Moreover, growing online education and on-demand entertainment industry will create opportunities for the wireless display technology market during projected years.
• However, lack of awareness of wireless display technology and cheaper wired connectivity devices such as USB and HDMI will expected to restrain the market during forecast period.

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Global Wireless Display Market: Regional Overview

• North America

North America will expect to dominate the market during next five years. Presence of global players such as Google, Microsoft, Apple Inc., and Intel Corporation will drive the market in North America region. Moreover, Early adoption of wireless network infrastructure and investment of global players in wireless display technology market will create some positive impact on the market during growth period. In March 2019, Microsoft launched wireless display application which allows customers to cast PC games and mirror Android phone over Xbox One.

• Asia-Pacific

Asia-Pacific is expected to grow at faster rate during forecast period due to rising disposable income and presence of smartphone, laptop, and tablet manufacturers.  Increasing demand for online gaming, media & entertainment, and IT & telecommunication industries is expected to add more market value in APAC wireless display market during projected years. China, Taiwan, Japan, and South Korea are expected to drive the wireless display market during forecast period.   

Global Wireless Display Market: Key Players Overview

• Google:

Google is a technology company that provide various services and solutions related to Internet related services and products. In 2013, the company launched Chromecast, a hardware device which is working as HDMI dongle. This dongle is connected between the home HDTV and portable devices. This technology provides screen mirroring and projection and control applications. In 2016, the company launched next version of Google Chromecast and Chromecast audio with flexible extension that allows Chromecast to be connected near overcrowded interface slots.     

• Microsoft:

Microsoft engages in the provision of business software, developer tools, home & educational software, tablets, search, advertising, servers, windows operating system, windows applications & platforms, smartphones, cloud computing, quantum computing, future of work, productivity, AI, artificial intelligence, machine learning, laptops, and mixed reality among others. The company provides Wireless Display app to wirelessly project Windows or Android based devices to Xbox One. In 2016, the company launched next generation wireless display adapter which improves upon Miracast accessory.

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