TV And Radio Broadcasting Market Penetration, Adoption, Lighting Technology, Refurbishment, Passenger Comfort And Forecast 2023-2032|AT&T Inc., Charter Communications Inc., CBS Corporation, Twenty-First Century Fox, Inc., Liberty Global

The TV And Radio Broadcasting Global Market Report 2023 by The Business Research Company, provides TV and radio broadcasting market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s TV And Radio Broadcasting Global Market Report 2023, the market grew from $407.41 billion in 2022 to $431.1 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The TV and radio broadcasting market is expected to grow to $523.64 billion in 2027 at a CAGR of 5.0%.

Virtual reality (VR) is increasingly being adopted by the TV and radio broadcasting industry to create a potential impact on audiences. Live events such as sports and music are expected to boost the demand for VR adoption during the forecast period, by helping audiences to connect with major events through a dynamic environment.

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The TV and radio broadcasting market is segmented:

1) By Type: Radio Broadcasting, Television Broadcasting

2) By Broadcaster Type: Public, Commercial

3) By Application: Residential, Government, Airports, Hospitals, Institutes, Other Applications

Subsegments Covered: Radio Station, Radio Network, Television Station, Television Network

TV and radio broadcasting companies are deploying technologies to allow users to access their content on mobiles and website portals. Access to various platforms and devices has increased over demand for TV and radio broadcasting services. For instance, mobile OTT (over-the-top) service Go90 introduced by Verizon and BingeOn by Comcast Watchable and T Mobile are new services aimed mainly at a youth audience., enabling users to watch content on mobile applications, web portals, and digital boxes.

The TV and radio broadcasting market report table of contents includes: