Casting Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Casting Device Trends and Forecast

The future of the global casting device market looks promising with opportunities in the residential and commercial markets. The global casting device market is expected to reach an estimated $0.6 billion by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are growing adoption of smart TVs, growth in the creation of new technology, such as 4k resolution, and consumption of video-on-demand (VoD) services has increased.

A more than 150-page report is developed to help in your business decisions.

Casting Device by Segment

The study includes a forecast for the global casting device by type, end use industry, and region.

Casting Device Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Gaming Consoles
• Media Streamers
• Smart Tvs
• Others

Casting Device Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial

Casting Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Casting Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies casting device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the casting device companies profiled in this report include-

• Google
• Roku
• Apple
• Mirascreen
• Microsoft Corporation
• Hisense
• EZCast
• Nvidia Corporation
• LG Electronics
• Samsung Electronics

Casting Device Market Insights

Lucintel forecasts that smart TVs is expected to witness the highest growth over the forecast period because the consumer spending on electronics and internet penetration have both increased, as well as, among the advantages of streaming on a smart TV are the abundance of services that offer internet TV, enhanced navigation choices, and playback capabilities.

North America will remain the largest region over the forecast period due to the existence of tech users in the area, and the region's preference for VoD subscriptions, perks that service providers present to draw clients, and the necessity of content production.

Features of the Global Casting Device Market

Market Size Estimates: Casting device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Casting device market size by type, end use industry, and region in terms of value ($B).

Regional Analysis: Casting device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and regions for the casting device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the casting device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the casting device market size?

Answer: The global casting device market is expected to reach an estimated $0.6 billion by 2030.

Q2. What is the growth forecast for casting device market?

Answer: The global casting device market is expected to grow with a CAGR of 9.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the casting device market?

Answer: The major drivers for this market are growing adoption of smart TVs, growth in the creation of new technology, such as 4k resolution, and consumption of video-on-demand (VoD) services has increased.

Q4. What are the major segments for casting device market?

Answer: The future of the global casting device market looks promising with opportunities in the residential and commercial markets.

Q5. Who are the key casting device market companies?

Answer: Some of the key casting device companies are as follows:

• Google
• Roku
• Apple
• Mirascreen
• Microsoft Corporation
• Hisense
• EZCast
• Nvidia Corporation
• LG Electronics
• Samsung Electronics

Q6. Which casting device market segment will be the largest in future?

Answer: Lucintel forecasts that smart TVs is expected to witness the highest growth over the forecast period because the consumer spending on electronics and internet penetration have both increased, as well as, among the advantages of streaming on a smart TV are the abundance of services that offer internet TV, enhanced navigation choices, and playback capabilities.

Q7. In casting device market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the existence of tech users in the area, and the region's preference for VoD subscriptions, perks that service providers present to draw clients, and the necessity of content production.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the casting device market by type (gaming consoles, media streamers, smart TVs, and others), end use industry (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?