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Research Outline
Prepared for Zena B. | Delivered September 29, 2019
Radio Ad Spend
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Goals
To determine the categories that are predicted to grow in terms of advertising spend for radio in 2020, for a sales project.
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Early Findings
Ad spending on radio in the UK valued at
£23.5 billion
in 2018.
Online radio ad expenditure grew by
26.5%
year-on-year in the UK.
The Compound Annual Growth Rate (CAGR) of radio ad spend during 2018-2023 is expected to be
0.7%
.
Traditional broadcast represented
$16 billion
of ad spend out of the total
$17.9 billion
in 2019 in the US.
Terestrial online radio is expected to see a CAGR of
7.1%
in ad spending in the US during 2018-2023.
Satellite radio advertising represented
$181 million
of ad spend in the US in 2019 and will go up to
$209 million
in 2023.
Globally, radio ad spending is estimated to be
$33.1 billion
in 2018.
The radio advertising market is categorized into "Traditional
Radio Advertising
, Terrestrial Radio Broadcast Advertising, Terrestrial Radio Online Advertising and Satellite Radio Advertising."
The categorization can also be based on
key industries
using radio advertising.
Ad spending in the US stood at
$17.72 billion
in 2018, which is expected to reach
$17.89 billion
in 2019 and
$18.06 billion
by 2020.
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