Harrisburg, NC -- (SBWIRE) -- 10/16/2020 -- The Global Radio Broadcasting Market Research Report provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). It provides an in-depth study of the Radio Broadcasting market by using SWOT analysis. This gives a complete analysis of drivers, restraints, and opportunities of the market. This report presents a comprehensive overview, market size and share, regional and country-level analysis of the Radio Broadcasting market. The segmental analysis focuses on forecast by Type, Application in terms of revenue and forecast for the period 2020-2030.
The global radio broadcasting market is expected to decline from $115.7 billion in 2019 to $110.8 billion in 2020 at a compound annual growth rate (CAGR) of -4.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $126.2 billion in 2023.
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Top Key Players in the Global Radio Broadcasting Market: iHeartMedia, Cumulus Media, Walt Disney, Sirius XM Radio Inc
Western Europe was the largest region in the global radio broadcasting market, accounting for 50% of the market in 2019. North America was the second largest region accounting for 28% of the global radio broadcasting market. Africa was the smallest region in the global radio broadcasting market.
Radio stations have been digitalized and are moving towards an online channel to avoid crackly signals and disturbances from ruining a show. Major players in the market have discarded towers and transmitters and are sending content over the internet. Digitization has also brought down costs as less manpower is required to operate.
The radio broadcasting market consists of revenues generated from sales of radio programs and air time to advertisers, and from donations and subsidies, earned by entities (organizations, sole traders and partnerships) that operate broadcast studios and facilities for over-the-air or satellite delivery of radio programs, which may include entertainment, news, talk shows, business data, or religious services.
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Regional Analysis for Market:
For a comprehensive understanding of market dynamics, the global Radio Broadcasting market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
Table of Contents:
Executive Summary: It includes key trends of the Radio Broadcasting market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the Radio Broadcasting market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Radio Broadcasting market.
Market Segments: This part of the report discusses product type and application segments of the Radio Broadcasting market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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