North America Wireless Display Market Report and Forecast 2024-2032

North America Wireless Display Market Size

The North America wireless display market is expected to grow at a CAGR of 10.10% between 2024 and 2032.

Key Takeaways

• Smart speakers reign supreme in the realm of smart homes, commanding a usage rate of 35.6% among all smart home devices.

• By the year 2020, approximately one-third of American adults had embraced smart home security products. Projections suggest that by 2025, the average North American household will boast around 20 interconnected devices.

• Nearly two-thirds, or approximately 67%, of U.S. households have integrated some form of smart home technology. The adoption of smart home solutions holds the potential to cut global energy costs by as much as 10%.

• Recent survey findings indicate that in 2024, an estimated 69.91 million U.S. households actively employ smart home devices, representing a 10.2% increase from the 63.43 million households recorded in 2023.

The wireless display market in North America is influenced by various factors driving its growth. Firstly, there's a rising demand for seamless connectivity, with consumers seeking cable-free options for transferring content between devices. Smartphones, smart TVs, and other devices are becoming ubiquitous, driving the popularity of wireless display solutions, enabling easy streaming from smaller screens to larger ones. Moreover, advancements in display technology, including better colour reproduction and higher resolutions, are fuelling the need for wireless display solutions, allowing users to enjoy enhanced performance across multiple devices.

The expansion of home entertainment systems also contributes to market growth, as consumers seek immersive viewing experiences and easy connectivity for gaming and multimedia applications. In the corporate sector, there's a growing demand for wireless cooperation solutions to facilitate dynamic meetings and presentations, enhancing productivity. Additionally, the proliferation of IoT devices and the Bring Your Own Device (BYOD) trend in workplaces are driving up demand for wireless display solutions, fostering seamless connectivity and collaboration.

Encouraging standards and regulations, along with increasing consumer education and awareness, further propel market expansion. Cost-effective and scalable solutions are also driving adoption among businesses and consumers alike. However, challenges such as the availability of cheap substitutes in wired connectivity devices and low awareness about wireless display technology hinder market growth to some extent.

The wireless display market is expected to witness significant growth, driven by increasing demand for wireless technologies, the surge in smart device usage, and the rising popularity of over-the-top (OTT) media services. Initiatives by governments in emerging economies and the increasing adoption of wireless display technologies in residential applications are expected to create lucrative opportunities for the North America wireless display market growth in the forecast period.

North America Wireless Display Market Report Snapshots

North America Wireless Display Market Size

North America Wireless Display Companies