Albany, NY -- (SBWIRE) -- 01/16/2019 -- The demand for wireless high-definition (HD) technology and devices rides on the growing popularity of a variety of consumer electronic devices capable of transmitting HD video content without wires. The global market has reaped huge gains from the rising adoption of wireless HD-enabled portable devices among home users. The technology has also gained traction in a range of industrial processes. In addition, world over there is a surging interest in wireless HD technologies in sectors such as medical and consumer goods. In recent years, the soaring demand for these technologies in the gaming sector has created vast lucrative avenues.
The key wireless technologies under its ambit are Wi-Fi, wireless gigabit alliance (WiGig), TransferJet, wireless display (WiDi), and chip ASPs. WirelessHD as a specification was finalized in January 2008. Constant advances in these technologies have improved the video quality using less bandwidth. Some of the popular devices using wireless HD are tablets and smartphones, televisions, e-book readers, CE media dongles, and set-top boxes.
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The report offers an incisive analysis of key factors and trend shaping the growth dynamics and sheds light on promising avenues. The study also takes a closer look at strategic landscape, which helps new entrants as well as established players identify imminent investment pockets. The research findings highlights the changes in government policies in the telecommunication sector and evaluates the impact these are likely to have on the prospects of the market.
Global Wireless High Definition (HD) Market: Trends and Opportunities
The global wireless high definition market is projected to witness a robust thrust from the constant advancements in wireless technologies in various parts of the world. A striking penetration of wireless connectivity in emerging nations in recent years is a notable factor that has helped in the rapid evolution of the market. The advent of consumer electronics with 3G and 4G network technology is a noteworthy factor aiding in the rapid expansion of the market. The global wireless HD market is also likely to benefit substantially from the current and planned launch of new high-band spectrum by governments in developing and developed countries, such as in India and the U.S. respectively.
The rise in manufacturing cost of these wireless HD-enabled devices and notable compatibility concerns across devices are factors likely to impede the market's growth. In addition, potential downsides in popular wireless technologies, such as wireless interference, are also crippling the demand for wireless HD devices. Nevertheless, the striking leap that the market is expected to take in the coming years bodes well for the market. This is likely to be fueled by the growing popularity of wireless HD video modems for an assortment of consumer electronics devices Furthermore, the staggering use of smartphones will contribute to the growth of the market.
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Geographically, various developed regions are presenting several lucrative prospects for market players to capitalize on. On the other hand, several emerging nations are considered to be no less promising. Manufacturers are tapping into these regions with the hope of exploring new revenue streams. One of the most significant factors supporting the rise of emerging markets is the massively rising number of internet users in countries such as India and China. The rising interest in smart communication technologies in key economies of Asia Pacific will also aid in its rapid expansion. North America and Europe are also prominent markets, driven by the large number of early takers for cutting-edge wireless HD technologies.
Companies mentioned in the report
The report sheds light on the profile of key players, gives a critical insights into their current offerings, and takes a closer look at their investment strategies. The study also highlights key strategies, such as mergers and acquisitions, adopted by prominent players to maintain their stronghold in the market. Companies expected to hold a position of strength in the market include Intel Corporation, Microsoft Corporation, Broadcom Corporation, Dell, Toshiba Corporation, Nokia, Panasonic Corp., Sony Corporation, Samsung, NEC Corporation, and LG Electronics Inc.