Global Digital Radio Broadcasting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Digital Radio Broadcasting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Digital Radio Broadcasting is the use of digital technology to transmit or receive in the entire radio spectrum in broadcasting. It mainly includes four digital radio systems, which are recognized by the International Telecommunication Union: the two European Systems Digital Audio Broadcasting (DAB) and Digital Radio Mondiale (DRM), the Japanese ISDB-T and the in-band on-channel technique used in the US and Arab world and branded as HD Radio.

Market Overview:

The latest research study on the global Digital Radio Broadcasting market finds that the global Digital Radio Broadcasting market reached a value of USD 4103.4 million in 2022. It’s expected that the market will achieve USD 7649.37 million by 2028, exhibiting a CAGR of 10.94% during the forecast period.

Due to the relatively stable demand, many companies are quickly resuming the production of digital radio broadcasting hardware

Suppliers of digital broadcasting and smart broadcasting in many industries can provide support and comfort in this crisis, so they continue to look for any way to help. Take Frontier Smart Technologies, one of the largest manufacturers in the industry, for example. Frontier Smart Technologies has added links to its digital radio chips to podcasts before and after the Covid-19 outbreak. In a broadcast based on Venice X, the Covid-19 menu is displayed under the Podcast menu, while in a broadcast based on Venice 6.x/8, the menu is displayed under the Internet Radio -> Podcast menu. These modules use Chorus 4 single-chip digital radio. These chips receive digital audio broadcasting (DAB) radio stations, and these radio stations were created to inform people about the latest developments in the Covid-19 situation; for example, the Health Info DAB radio in the United Kingdom. Border-based digital broadcasting will automatically display any new DAB stations without the user having to perform a new scan. Therefore, the rapid resumption of production of hardware facilities has a positive effect on the recovery and further development of the Digital Radio Broadcasting industry.

Problems in traditional broadcasting systems

First of all, the traditional broadcasting technology is backward, with poor compatibility and scalability. The existing broadcasting basically adopts the working mode of analog transmission and manual management. The system is susceptible to environmental interference, and it is easy to produce crosstalk during multi-channel broadcasting. Digital format (MP3) audio files cannot be played directly on the terminal, and they cannot be connected to the IP network to truly realize the digitization of audio sources and the automation of playback management.

New digital services are beginning to change the way people listen to music, which will endanger digital radio broadcasting

As young millennials gradually become the main downstream consumers, more and more people use online music services instead of radio broadcasting. According to data from China-based Tencent Music Entertainment Group (TME), revenue from online music subscriptions has increased by 70.0% year-on-year in the first quarter of 2020. In addition, the number of paying online music users reached 42.7 million, a year-on-year increase of nearly 50.0%. In addition, the increasing popularity of real-time streaming and the availability of local content on online platforms are driving market growth.

Region Overview:

Europe is projected to account for a considerable share of the Digital Radio Broadcasting market and is expected to become the largest region by 2027.

Company Overview:

iHeartMedia, Sirius XM Holdings Inc., Sinclair Broadcast Group, Norwegian Broadcasting Corporation, and Sky Group are the five key players in the global Digital Radio Broadcasting market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Digital Radio Broadcasting market in the past 5 years.

iHeartMedia

iHeartMedia is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups. With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company’s live and virtual events business.

Segmentation Overview:

Among different product types, Digital Audio Broadcasting (DAB) segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Mobiles segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Digital Radio Broadcasting market covered in Chapter 3:

Sirius XM Holdings Inc.
Sky Group
Sinclair Broadcast Group
Beasley Broadcast Group
Southern Cross Austereo
Norwegian Broadcasting Corporation
iHeartMedia
Cumulus Media Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Digital Radio Broadcasting market from 2018 to 2029 is primarily split into:

Digital Audio Broadcasting (DAB)
Digital Radio Mondiale (DRM)
ISDB-T
HD Radio

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Digital Radio Broadcasting market from 2018 to 2029 covers:

Commercial
Residential
Government
Mobiles
Automobile

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)