Global Casting Devices Market was valued at USD 271.43 million in 2021 and is expected to reach USD 573.42 million by 2029, registering a CAGR of 9.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
The global market for casting devices is anticipated to generate significant amounts of revenue over the forecast period. This forecast is predicated on the widespread use of casting devices for e-learning, web browsing and gaming. Consequently, these growth determinants aid the market to have a positive outlook during the forecasted timeline.
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Opportunities
- Development of Technologies And Surging Investments
The development of new technologies like 4K resolution and advancement such as voice recognition features in smart televisions is estimated to generate lucrative opportunities for the market, which will further expand the casting devices market's growth rate in the future. Additionally, the surging investments by the market players further offer numerous growth opportunities within the market.
Some of the major players operating in the casting devices market are
- ASUSTeK Computer Inc., (Taiwan)
- Honeywell International, Inc. (U.S.)
- Accenture (Ireland)
- Samsung (South Korea)
- Google Inc., (U.S.)
- Panasonic Corporation (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Fujitsu (Japan), Apple Inc., (U.S.)
- AnyCast (Australia)
- Microsoft Inc., (U.S.)
- Ignite Technologies (U.S.)
- Cisco Systems, Inc. (U.S.)
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Global Casting Devices Market Scope
Type
- Gaming Consoles
- Media Streamers
- Smart TVs
End-User
- Commercial
- Residential
Application
- E-Learning
- Web Browsing
- Gaming
Casting Devices Market Regional Analysis/Insights
The countries covered in the casting devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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