Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR70474

  • Latest News- Radio Market: Broadcast radio is expected to lead the Type segment during 2025-2029

    The Radio Market is being driven by Access to latest music and live updates

    The Radio Market is expected to grow at a CAGR of 3.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9286 million. In today's digital landscape, online radio streaming has emerged as a preferred platform for accessing radio content. A significant number of radio companies have transitioned their services to the Internet, merging with streaming portals to offer a seamless experience. Audacy, a leading player in this sector, caters to this trend by providing users with a diverse range of options. They can tune into live radio broadcasts or stream music on demand, all through a single platform. The increasing internet penetration and the widespread availability of mobile internet services are key drivers fueling the demand for internet radio. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Broadcast radio
      • Online mobile radio
      • Satellite radio
    • Revenue
      • Advertising
      • Public license fee
      • Subscription
    • Geography
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
        • France
      • APAC
        • China
        • India
        • Japan
      • South America
        • Brazil
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Access to latest music and live updates
      • Use of social media for promotion
      • Increasing penetration of smartphones and internet

      However, the market also witnesses some limitations, which are as follows:

      • Availability of music streaming services
      • Lower impact of radio-based advertising
      • Radio shows based on specific RJs can lead to key man risk

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      Market Scope in Radio Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      196

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 3.2%

      Market growth 2025-2029

      USD 9286 million

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      3.0

      Key countries

      US, UK, Germany, China, Canada, Japan, France, Brazil, India, and Saudi Arabia

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      In Athens, Greece, 'Cryptomania Radio' partners with Triton Digital for a modernized radio experience. This 'Smart Radio' transition includes digital capabilities such as group calling, priority access, and high-quality audio. iHeartMedia also joins the movement, leaving analog voice behind. New technologies like trunking and two-way communications enhance response to crises like crime, terrorism, and natural disasters. Vendors like Triton Digital, interface manufacturers, and system integrators collaborate on research and development, utilizing joint ventures and research methodologies to expand offerings. Micromarkets and individual growth trends shape this evolution, prioritizing effective response to the needs of listeners.

      Market Research Overview

      The Cryptomania radio, in collaboration with Triton Digital, is revolutionizing the radio broadcasting industry through the implementation of smart radio technology. This innovation includes advanced two-way communications and trunking systems, enhancing military modernization efforts. iHeartMedia in Athens, Greece, is a key player in this sector, distributing analog voice and digital content via electronic mass communication mediums. The global broadcasting market, as per Technavio, comprises radio, television, and cable programming industries. This market size is determined by the combined revenues of device manufacturers, software, services, and solution providers. Companies engaged in advertising, broadcasting services, cable or satellite television, and publishing contribute significantly to this market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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