The global wireless display market size reached USD 3.82 Billion in 2021 and is expected to register a revenue CAGR of 11.0% during the forecast period, according to latest analysis by Emergen Research. Widespread use of smart television, smartphones, tablets, computers, and laptops is driving market revenue growth.
Integration of traditional digital signage and wireless display is a recent trend in the information technology (IT) industry driving demand for wireless displays. Companies and organizations are increasingly adopting cloud-based wireless digital signage display technology for advertising their products, services, events, and many more, as it gives them the benefit to store and backup their content and data, which is boosting revenue growth of the wireless display market. Companies can manage their content wirelessly as long as they are connected to the internet which is one of the key factors for high demand for wireless digital signage solutions. Rising research and development activities in wireless digital signage is expected to boost revenue growth of the wireless display market. On 22 January 2020 for instance, Vivitek announced NovoDisplay, an all-in-one flat screen solution. NovoDisplay integrates three key functions: 4K-UHD display, wireless collaboration capabilities, and digital signage, to create one productivity-boosting market revenue growth.
The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Wireless Display Market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
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Some Key Highlights From the Report
- Hardware components include wireless display panels, banners, LED, LCD screens, and others. There is a rising demand for display signage due to recent technological advancements and innovations in display technology, such as 1080p display, 4K display, and introduction of 8K display. Moreover, for commercial purposes, there is also a rising demand for wireless displays owing to advancements in 3D technology such as glass-free 3D display panels used for advertisements to attract customers, which is expected to drive revenue growth of the segment.
- The commercial segment accounted for largest revenue share in 2021. There is a rising demand for wireless displays for advertising and broadcast purposes and also in sectors such as government sectors, healthcare, and educational institutes. For businesses aiming to increase customer engagement, wireless digital signage has been more effective. Integration of advanced technology, on the other hand, makes it easier to use, reduces prices, and adds futuristic capabilities to the workplace and consumer contexts. Digital advertising with wireless technology has become the greatest alternative for several firms, allowing them to employ digital displays as creatively as they want. There is a high demand for wireless digital signage as it has several brand-enhancing effects, including encouraging customers to spend 30% more time in stores, reducing perceived checkout wait times by up to 35%, and increasing sales volume by 31.8%.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Wireless Display Market.
Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key Players operating in the Wireless Display industry are:
Google LLC, Amazon.com, Inc., Microsoft Corporation, Roku, Inc., Sony Corporation, LG Electronics, Samsung Electronics Co., Ltd., NVIDIA Corporation, Rockchip Electronics Co., Ltd., Marvell Technology, Inc., Toshiba Corporation, and Panasonic Holding Corporation.
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Emergen Research has segmented the global wireless display market on the basis of offering type, application type, technology protocol, and region:
- Offering Type Outlook (Revenue, USD Billion; 2019-2030)
- Hardware
- Standalone
- Brand Product Integrated
- Software & Services
- Application Type Outlook (Revenue, USD Billion; 2019-2030)
- Residential
- Commercial
- Corporate & Broadcast
- Digital Signage
- Government (Defense, Command Center, and Public Offices)
- Healthcare
- Education
- Others (Automotive and Transportation, Industrial, and Hospitality)
- Technology Protocol Outlook (Revenue, USD Billion; 2019-2030)
- WirelessHD
- WiDi
- Miracast
- AirPlay
- Google Cast
- DLNA
- Others (WHDI, WiGig, and UWB)
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Wireless Display Market added by Emergen Research demonstrates that the global Wireless Display Market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Wireless Display Market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Radical Features of the Wireless Display Market Report:
- The report encompasses Wireless Display Market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Wireless Display industry
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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