[vytautask]

"Bundled with transmitter/receiver" is the tricky part. How would you configure such device? How it would know where and how to convert/send/receive signal? To solve those basic problems you'll need some computational power. There we arrive at thin clients (for example like those: http://www.dell.com/us/business/p/cloud-client-computing?stp...). Some of them do have wireless connectivity...

[imakesnowflakes]

In the same way wireless keyboards and mouses work. You use a receiver/transmitter pair. It does not require any computational power. A receiver can be tuned to a particular transmitter. We might have to encrypt the display transmission. But it am sure it can be done using dedicated hardware.

[joefarish]

Sounds like you just want a wireless display adapter: https://en.wikipedia.org/wiki/WiDi