Radio Broadcasting in the UK - Industry Research Report

Amplifying growth: Income is set to inch upwards in 2022-23, with advertising revenue rising slightly

Radio broadcasters face falling revenue as alternative streaming services and personal digital audio options have pushed people away from listening to the radio, especially younger people. The rise of the internet has also provided new opportunities for advertisers, drawing sales away from commercial radio broadcasters. . Over five years through 2022-23, industry revenue is anticipated to fall at a compound annual rate of 0.9% to just over £1.4 billion. However, revenue is set to inch upwards by 1.8% in 2022-23.

Participants in this industry broadcast and transmit radio programmes to the public, affiliates or subscribers. Broadcasts are transmitted via analogue or digital signals, the internet and cable or satellite systems. However, radio broadcasters don't produce, promote or distribute taped recordings of radio programmes. The industry includes the production of content for live broadcast, but not pre-recorded broadcast content.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.