Global Miracast Wireless Display Market, By Offering (Hardware, Software and Services), Application (Consumer, Commercial) – Industry Trends and Forecast to 2029.
Miracast Wireless Display Market Analysis and Size
Wireless displays are widely used to make use of advanced technologies, whereas wired devices limit mobility and audience size. These factors have led to the development of display devices that connect with wireless connectivity. Furthermore, the introduction of novel applications such as Miracast, which efficiently connects to external devices via Wi-Fi to devices, is regarded as the used standard for wireless connections.
Data Bridge Market Research analyses that the miracast wireless display market which was growing at a value of 3.82 billion in 2021 and is expected to reach the value of USD 8.80 billion by 2029, at a CAGR of 11.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Miracast Wireless Display Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware, Software and Services), Application (Consumer, Commercial)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Amazon.com, Inc. (U.S.), Apple Inc. (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Marvell Semiconductor Group Ltd. (U.S.), Roku, Inc. (U.S.), Lattice Semiconductor (U.S.), MediaTek Inc. (U.S.), and NETGEAR, Inc. (U.S.)
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Opportunities
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Market Definition
Miracast is a wireless technology that allows us to wirelessly connect screens to our computers. It is one of the Wi-Fi alliance's wireless display standards. It is a protocol that allows two devices to be detected, connected, and the screen of one to be mirrored on the screen of the other. Miracast is a peer-to-peer network that, like Bluetooth, uses Wi-Fi Direct connections to wirelessly send screencasts. Users can use this to display the content of various devices such as a TV, a Smartphone, and anything else that supports this technology on their PC screens.
Global Miracast Wireless Display Market Dynamics
Drivers
- growing use of miracast wireless display technology in entertainment, business, and education
Miracast wireless display is a popular wireless connection standard that defines a protocol for connecting external monitors to devices via Wi-Fi. Miracast wireless display is a popular application for wirelessly streaming home entertainment from a personal device to a room HDTV via an HDMI connection. It is intended for simple home Wi-Fi environments with a small number of users and limited devices. Miracast wireless display is also used in the education sector to promote cooperation by introducing mobility into the classroom. The growing use of miracast wireless display technology in entertainment, business, and education provides lucrative growth opportunities for the wireless display market.
- High penetration of consumer electronics combined rapid technological advancements
Technological advancements and rising adoption in a wide range of applications, including tablets, smartphones, computers, and smart TVs, are expected to drive market revenue growth. The increased availability of over-the-top (OTT) content is propelling the miracast wireless display industry for consumer applications. Another important factor driving the market for wireless displays in business applications is cost savings, which can be achieved through simple setup and a reduction in time spent setting up meeting rooms.
The compatibility of wireless displays with 4K technology, which provides higher resolution content, is increasing adoption in consumer electronics devices. Another factor expected to drive market growth in this region is the increased use of various wireless display technologies as a result of companies introducing innovative products.
Opportunity
Wireless display solution providers are consistently investing heavily in product innovations that are expected to boost the sale of low-cost streaming devices over the forecast period. Over wired devices, these streaming devices provide a high level of digital convergence and ease of setting up conference rooms. These advantages are expected to propel the market in the coming years.
Restraints
The easy availability of low-cost substitutes, as well as the interoperability of technology protocols and the high cost of technology, are acting as market restraints for miracast wireless display during the forecasted period.
This miracast wireless display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the miracast wireless display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Miracast Wireless Display Market
In recent years, the COVID 19 pandemic has had a significant negative impact on several industries and manufacturing units. Specifically, the commercial sectors, which are the major end-user industries of the Wireless Display industry, were not operating throughout the pandemic. Visual marketing, customer engagement programmes, and other supportive services that are generally reliant on wireless display devices were reduced. As a result, the pandemic has significantly slowed the overall growth of the miracast wireless display market. However, the ongoing digital transformation, as well as the fact that a large portion of the population is confined to their homes, has increased the demand for wireless display devices for entertainment and job-related needs. Such factors have aided the growth of the miracast wireless display market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Miracast Wireless Display Market Scope
The miracast wireless display market is segmented on the basis of offerings and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offerings
- Hardware
- Software
- Services
Application
- Consumers
- Commercial
- Corporate & broadcast
- Education
- Healthcare
- Digital signage
- Government
- Defence
- Command centre
- Public offices
- Others
Miracast Wireless Display Market Regional Analysis/Insights
The miracast wireless display market is analysed and market size insights and trends are provided by country, offerings and application and application as referenced above.
The countries covered in the miracast wireless display market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe will dominate the miracast wireless display market due to increasing consumer electronics usage in laptops, smartphones, smart TVs, and other products.
Asia-Pacific will grow during the forecast period of 2022-2029 due to rapid urbanisation and rising public awareness of the benefits of advanced technology.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Miracast Wireless Display Market Share Analysis
The miracast wireless display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to miracast wireless display market.
Some of the major players operating in the miracast wireless display market are:
- Amazon.com, Inc. (U.S.)
- Apple Inc. (U.S.)
- Google LLC (U.S.)
- Intel Corporation (U.S.)
- Microsoft Corporation (U.S.)
- Marvell Semiconductor Group Ltd. (U.S.)
- Roku, Inc. (U.S.)
- Lattice Semiconductor (U.S.)
- MediaTek Inc. (U.S.)
- NETGEAR, Inc. (U.S.)
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