The industry comprises all radio broadcasters, including government radio broadcasters, commercial broadcasters and related activities and community radio services. In 2012-13, IBISWorld forecasts that the Radio Services industry will generate revenue of $1.55 billion, representing growth of 2.4%. This improvement in performance comes after improving economic conditions and robust advertising revenue growth over the previous year, stemming from improved consumer and business sentiment. An extended period of financial woes has ensured that over the five years through 2012-13, revenue is estimated to fall by an annualised 0.9%.
Enterprises engaged in this industry are broadcasters of content on a issued and licensed radio frequency. Broadcasters include both commercial and public operations. Falling into this industry is a collection of news, music and personality radio services, as well as the production of these radio programs.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.