Dublin, Aug. 01, 2023 (GLOBE NEWSWIRE) -- The "Radio Station Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The market is projected to grow from $83.74 billion in 2022 to $87.31 billion in 2023, with a compound annual growth rate (CAGR) of 4.3%. Furthermore, the market is expected to reach $100.64 billion by 2027, with a CAGR of 3.6%.
Major players in the Radio Station market include Entercom Communications, Cumulus Media, CBS, iHeartMedia, Beasley Broadcast Group, Cox Radio, Townsquare Media, SFX Broadcasting, Bell Media, and Emmis Communications.
Reasons to Purchase:
- Gain a comprehensive global perspective with detailed coverage of 50+ geographies.
- Understand the market's response to COVID-19 and how it is responding as the impact of the virus abates.
- Assess the direct and indirect effects of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and the market.
- Measure the influence of high global inflation on market growth.
- Develop regional and country-specific strategies based on localized data and analysis.
- Identify investment opportunities in growth segments.
- Outperform competitors using forecast data and insights into market drivers and trends.
- Understand customer dynamics based on the latest market shares.
- Benchmark performance against key competitors.
- Support internal and external presentations with reliable high-quality data and analysis.
The Radio Station market includes revenues earned by entities offering services such as broadcasting aural programs by radio to the public. Programming may originate in their own studio, from an affiliated network, or from external sources. The market value includes the value of related goods sold by the service provider or included within the service offering.
The main types of radio stations are broadcast radio, satellite radio, and online or mobile radio. Radio broadcasting uses radio waves to send signals to large groups of people who are listening. It is widely used in entertainment, communications, and commercial sectors, with various applications including advertising, public license fees, and subscriptions.
The growth in event advertisements in radio broadcasting is driving the radio station market. Radio advertising is an influential and cost-effective medium for reaching diverse audiences, making it a preferred marketing strategy for many companies. Rural markets play a significant role in the growth of radio advertising, as radio acts as a powerful medium of advertising in these areas. Companies pay radio broadcasters to promote their products or services through various types of radio advertisements, such as live-read, jingle ads, testimonials, personal ads, and sponsored ads.
Regulations on the radio spectrum are a hindrance to the radio market. The radio spectrum is the radio frequency used to transmit radio waves from transmitters to users within the radio station's coverage area. For each radio station, specific frequencies are allotted to transmit radio waves. Federal Communications Commission (FCC) in the US maintains the allotted frequencies for radio stations. However, regulations restrict radio stations from using more than the allotted frequency range to cover larger areas. This limitation can hinder the expansion of radio stations, as they need to apply to the FCC for a new radio station if they wish to telecast on a broader bandwidth.
The latest trend in the radio market is curated and personalized music. Companies are updating their apps to provide listeners with personalized radio channels and curated music options. This approach enhances the listener experience by offering personalized content and recommendations based on user preferences, thereby continuously engaging the audience.
In conclusion, the Radio Station market is expected to experience steady growth driven by the growth in event advertisements and the adoption of curated and personalized music options. However, regulatory restrictions on radio spectrum usage may pose challenges for market players. Collaborations and acquisitions may play a vital role in expanding market footprints and gaining a competitive advantage. The market is poised to see promising growth in the forecast period, with potential opportunities in various geographies.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $87.31 billion |
| Forecasted Market Value (USD) by 2027 | $100.64 billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Radio Station Market Characteristics
3. Radio Station Market Trends And Strategies
4. Impact Of COVID-19 On Radio Station
5. Radio Station Market Size And Growth
5.1. Global Radio Station Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Radio Station Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Radio Station Market Segmentation
6.1. Global Radio Station Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Broadcast Radio
- Satellite Radio
- Online/Mobile Radio
6.2. Global Radio Station Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Advertising
- Public license fee
- Subscription
6.3. Global Radio Station Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Entertainment
- Communications
- Commercial
7. Radio Station Market Regional And Country Analysis
7.1. Global Radio Station Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Radio Station Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/g8q1ts
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
