Since its introduction, the wireless display is gaining attraction from various major IT companies. Wireless display got more popularity due to the elimination of extra cable used for display purposes. The market size of wireless display industry also performed better recently and will see more demand growth in the coming years.
1 Answer
Leave an answer
You must login to add an answer.
Shahkar
The global wireless display market was estimated at about US$ 2.5 billion, in 2018. The market growth will continue at a moderate speed in the future and is expected to reach US$ 5.7 billion in 2025.
Wireless display techniques are also evolving with time. The advancements are still on the fast track, and the market will take time to reach saturation. The wireless display market is also driven by both commercial and non-commercial applications. Adoption of wireless display in consumer electronics is also playing an important part in market growth.
North America has the largest market share, mainly supported by the US and Canada. Both countries are focused on technological developments. There is also a wider use of smart consumer electronics, such as mobile phones, PCs, and smart TVs, which has been supporting the growth in the wireless display market.
The Asia Pacific will show rapid growth in the coming years on the back of ongoing rapid developments, related to technological advancements, in countries such as China, Japan, and India. Indian government launched Smart Cities Mission in 2018 to promote digitalisation across the country.