The Business Research Company’s latest report Radio Advertising Global Market Report 2020 covers Radio Advertising market drivers, Radio Advertising market trends, Radio Advertising market segments, Radio Advertising market growth rate, Radio Advertising market major players, and Radio Advertising market size. The report provides in-depth analysis of the impact of COVID-19 on the Radio Advertising industry, along with revised market numbers due to the effects of the coronavirus.
Radio Advertising Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global radio advertising market is expected to decline from $19.6 billion in 2019 to $19 billion in 2020 at a compound annual growth rate (CAGR) of -3.07%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The market is then expected to recover and reach $20.5 billion in 2023 at a CAGR of 2.55%.
The report covers the Radio Advertising market’s segments-
1) By Type: Traditional Radio Advertising, Terrestrial Radio Broadcast Advertising, Terrestrial Radio Online Advertising, Satellite Radio Advertising.
2) By Industry Application: BFSI, Consumer Goods And Retail, Government And Public Sector, IT And Telecom, Healthcare, Media And Entertainment.
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