The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global radio broadcasting market grew from $136.29 billion in 2022 to $143.29 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The radio broadcasting market is expected to grow to $170.46 billion in 2027 at a CAGR of 4.4%.

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Who are the major players in the market?

Major companies in the radio broadcasting market include Liberty Media Corporation, Sirius XM Holdings Inc., iHeartMedia Inc., The Walt Disney Company, Bouygues SA.

Which trend is gaining popularity in the radio broadcasting market?

Internet radio services are becoming popular as they provide better sound quality, music search tools, and offer genre-specific channels to listeners online. Internet radio, also known as web-radio technology or webcasting, uses the internet as a medium of distribution for broadcasting instead of traditional radio waves, which are limited by the power of the station’s transmitter and available broadcast options. Internet radio provides access to radio stations and live events from across the world, which is not possible through traditional radio broadcasting. Major companies providing internet radio are Pandora Media Inc., Spotify, Tune-In, and Slacker.

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https://www.thebusinessresearchcompany.com/report/radio-broadcastings-global-market-report

How is the radio broadcasting market segmented?

Global Radio Broadcasting Market Segments Include:

• By Type: AM, FM, Satellite Radio, HD Radio
• By Broadcaster Type: Public, Commercial
• By Frequency Bands: Very-Low Frequency, Low Frequency, Medium Frequency
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global radio broadcasting market in 2022.

The Radio Broadcasting Global Market Report 2023  provides an overview of the radio broadcasting market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The radio broadcasting market forecast analyzes radio broadcasting market size, radio broadcasting market share, leading competitor and their market positions.

Radio broadcasting refers to a one-way wireless communication using radio waves that aims to reach a large audience.

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