The global wireless display market is expected to witness significant growth over the next few years. The growth may be attributed to increasing smartphone proliferation and R&D investments. The need for faster wireless connectivity owing to extensive availability and use of digital multimedia content is expected to fuel the wireless display market growth. The market is also expected to witness substantial growth owing to surging demand across several consumer electronics devices such as smart TVs, ultra-books and tablets. Technological developments and increasing penetration across emerging economies is also expected to drive the global wireless display market growth.
Wireless display (WiDi) technology enables users to stream apps, movies, music, photos and videos wirelessly from a compatible computer to a compatible HDTV or through the use of an adapter with other HDTVs. In addition, the technology offers users the ability to perform different functions such as checking e-mails on a device and at the same time streaming a movie on TV through the same device. Major wireless display technologies present in the market include WirelessHD, Miracast, AirPlay and Wi-Fi display.
Wireless display with access to high bit-rate data volumes and wireless transfer are expected to emerge as dominant segment over the forecast period. The technology offers a clear, faster and uncompressed video display and video transfer. However, technical complexities including connectivity issues and lack of infrastructure are expected to pose severe challenges to the wireless display market growth. Increasing manufacturing cost and licensing of trademark technologies is also expected to hinder market growth over the next few years. Key market participants include Silicon Image Inc., Intel Corporation and Qualcomm Inc.
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