Key Drivers and Market Trends
The Global Radio market is likely to grow by $ 6.57 mn, accelerating at a CAGR of almost 3% till 2025. Several factors such as access to latest music and live updates and Use of social media for promotion will drive market growth. This research report lists all the growth drivers that are likely to boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The goal of this research report is to furnish clients with insights that will help them leverage growth opportunities to implement business growth.
Radio Market: Segments and Geographical Regions
Radio Market: Vendor Analysis
Market Segmentation by Geography
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report
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Radio Market Size to Grow by $ 6.57 mn through 2021-2025
The radio market is expected to grow by $ 6.57 mn, accelerating at a CAGR of almost 3% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
Radio Market: Receive Free Sample Report
Radio Market: Segmentation by Geography
This report provides a detailed analysis of the market by Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Radio Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Australian Broadcasting Corp., Bauer Media Group Inc., BCE Inc., Cox Enterprises Inc., Cumulus Media Inc. , Entercom Communications Corp. , Global Radio Services Ltd., RTL Group SA, Sirius XM Holdings Inc., and The Walt Disney Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The radio market has the potential to grow by USD 6.57 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.65%.
This radio market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by platform (broadcast radio, online radio, and satellite radio) and geography (North America, Europe, APAC, South America, and MEA). The radio market report also offers information on several market vendors, including Australian Broadcasting Corp., Bauer Media Group Inc., BCE Inc., Cox Enterprises Inc., Cumulus Media Inc. , Entercom Communications Corp., Global Radio Services Ltd., RTL Group SA, Sirius XM Holdings Inc., and The Walt Disney Co. among others. View Free Sample Report
Radio Market: Segmentation by Platform
Broadcast radio is a widely used radio platform, and it accounted for a significantly large share of the market size in 2020. A major driver for the broadcast radio segment of the market is the fact that it does not require any special device to tune in to. This directly reduces the cost involved in purchasing any device. The growth of the broadcast radio market segment is expected to be significant during the forecast period.
Radio Market: Segmentation by Geography
North America was the largest Radio Market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. 44% of the market growth will originate from North America during the forecast period. The US is one of the key markets for radio market in North America. However, market growth in this region will be slower than the growth of the market in APAC and MEA. The inclination of the listeners toward radio news channels will facilitate the radio market growth in North America over the forecast period.
Radio Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Australian Broadcasting Corp., Bauer Media Group Inc. and BCE Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
