Radio Broadcasting Market Report 2026

The radio broadcasting market size has grown strongly in recent years. It will grow from $178.96 billion in 2025 to $189.24 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to rise of fm broadcasting, expansion of radio infrastructure, popularity of music and news radio, government subsidies for public radio, increased adoption of mobile radios.

The radio broadcasting market size is expected to see strong growth in the next few years. It will grow to $236.2 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to growth of digital radio platforms, integration with smart devices, adoption of personalized radio content, rise of podcasting and audio-on-demand, advancements in radio signal processing. Major trends in the forecast period include expansion of regional radio stations, growth of online and mobile radio streaming, adoption of interactive radio content, increased focus on audio advertising, regulatory support for public broadcasting.

The rising demand for smart speakers is expected to further drive the radio broadcasting market. Smart speakers are internet-connected, voice-activated devices equipped with virtual assistants capable of performing tasks such as answering questions, playing music, setting reminders, controlling smart home devices, and providing information, all through voice commands. Smart speakers enhance radio broadcasting by offering convenient, voice-activated access to live broadcasts and on-demand content, making radio more accessible to a wider audience. For instance, in August 2024, according to Coolest Gadgets, a US-based online platform covering the latest gadgets, the number of U.S. households with smart home devices is expected to grow from 63.43 million in 2023 to 93.59 million by 2027, with notable annual growth projected. Therefore, the increasing demand for smart speakers is contributing to the growth of the radio broadcasting market.

Major companies in the radio broadcasting market are increasingly emphasizing the development of artificial intelligence (AI)-powered localized radio content solutions to maintain their competitive edge. AI-driven solutions leverage algorithms to assess local trends, news outlets, and listener preferences in order to create relevant and engaging radio content. For example, in March 2023, Futuri Media, a US-based software firm, introduced RadioGPT, the first localized radio content solution powered by AI. RadioGPT integrates advanced GPT-3 technology with Futuri’s AI-driven system, TopicPulse, for targeted story discovery and social content, along with AI voice technology. It monitors multiple news and information sources, including Facebook, Twitter, Instagram, and over 250,000 additional sources, to identify trending topics. Utilizing GPT-3 technology, it generates scripts for on-air broadcasting, and AI voices convert these scripts into captivating audio.

In May 2025, Sapphire Media Limited, an India-based company offering digital content, broadcasting, news channels, and outdoor advertising services, acquired BIG 92.7 FM for an undisclosed sum. This acquisition is part of Sapphire Media’s strategy to enhance its growth in the digital content and broadcasting sector, complementing its existing media and advertising offerings. BIG FM Private Limited, an India-based FM radio broadcaster, operates 58 stations that cover over 1,200 towns and more than 50,000 villages, reaching a listener base of around 340 million across the nation.

Major companies operating in the radio broadcasting market are iHeartMedia Inc., Cumulus Media Inc., Sirius XM Holdings Inc., Beasley Broadcast Group Inc., Univision Communications Inc., Salem Media Group Inc., Audacy Inc., Townsquare Media Inc., Emmis Communications Corporation, Hubbard Radio LLC, Saga Communications Inc., Cox Media Group, Westwood One Inc., Alpha Media LLC, Bonneville International Corporation, Midwest Communications Inc., Galaxy Communications LLC, Capitol Broadcasting Company Inc., Connoisseur Media LLC, Red Apple Media, SummitMedia LLC, Educational Media Foundation, Relevant Radio Inc., American Public Media Group, New York Public Radio, NPR Inc., Pacifica Radio, Family Radio.

Western Europe was the largest region in radio broadcasting in 2025. Eastern Europe is expected to be the fastest growing region in the forecast period. The regions covered in the radio broadcasting market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the radio broadcasting market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The radio broadcasting market includes revenues earned by entities by operating broadcast studios and facilities for over-the-air or satellite delivery of radio programs, which may include entertainment, news, talk shows, business data, or religious services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The radio broadcasting market is segmented into radio station and radio network.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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