Wireless display Market 2018: Top Manufactures, Industry Set For Rapid Growth and Trend by 2023
According to Market Research Future Analysis, the global wireless display market is estimated to generate revenue of approximately USD 5 billion by 2023 at a CAGR of 11% during the forecast period 2017-2023. The global wireless display market is projected to witness a rapid growth during the forecast period owing to increasing emergence of display technologies and increasing adoption of smartphones and tablets. Moreover, increasing demand for wireless display across various industry verticals such as healthcare, retail, and IT & telecommunications is driving the growth of the global market.
Wireless display market is estimated to exhibit high growth potential during the forecast period owing to its increasing demand across various industry verticals. Rising demand among the consumers and commercial segment for various smart devices like phones, TVs, and tablets are fuelling the growth of the wireless display market. Additionally, innovations and advancements in technology and increasing demand for on-demand entertainment services are driving the growth of the wireless display market. Also, a large number of companies have been investing a huge amount of capital in the research and development of new display technologies.
Google, Inc., Amazon.com, Inc., Apple Inc., Microsoft Corporation, Roku, Inc., Lattice Semiconductor, and NETGEAR Inc. are some of the leading players in the market. Lattice Semiconductor has partnered with TPCAST to deliver a wireless VR solution with WirelessHD technology from Lattice’s SiBEAM Technology Group as well as Lattice’s FPGA and ASSP products. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. Increasing focus on deployment of advanced display technologies and growing demand for simplified setup and ease of connection are some of the major factors driving the growth of this market. The focus towards the promotion of implementing cloud-based technologies and due to the convenience being provided to the consumers and growing trend of digitization is another factor fueling the growth of the global wireless display market.
Google, Inc. (U.S.)
com, Inc. (U.S.)
Apple Inc. (U.S.)
Microsoft Corporation (U.S.)
Roku, Inc. (U.S.)
Lattice Semiconductor (U.S.)
NETGEAR Inc. (U.S.)
Cavium, Inc. (U.S.)
ctiontec Electronics, Inc. (U.S.)
Belkin International, Inc. (U.S.)
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The global wireless display market is segmented on the basis of the offering, technological protocol, and application. The application segment is further classified into consumer and commercial. The commercial segment is further classified into corporate & broadcast, digital signage, government, healthcare, education, and others. The commercial segment is expected to show a significant growth owing to the increasing adoption of different display technologies across various verticals. Also, the digital signage application is expected to witness considerable growth during the forecast period. However, the availability of cheaper substitutes for connectivity is one major factor that could cause hindrance to the growth of global wireless display market. The cheaper hardware is preferred by users for connectivity solutions, which is hampering the market growth.
The global wireless display market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas the Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to the technological advancements and increased adoption of display technologies across various industry verticals.
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Venture capitalists and start-ups
Semiconductor component suppliers
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