Global television broadcasting market surges to $287.81 billion in 2023

The “Television Broadcasting Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.

The global television broadcasting market experienced significant growth, reaching $287.81 billion in 2023 from $271.12 billion in 2022, showcasing an impressive compound annual growth rate (CAGR) of 6.2%. The market is expected to continue its upward trajectory, projecting a value of $353.18 billion by 2027, with a CAGR of 5.2%.

Major companies in the television broadcasting market covered in the report include AT&T Inc., Charter Communications Inc., CBS Corporation, Twenty-First Century Fox Inc., Liberty Global, DISH Network Corporation, Comcast Corporation, Discovery Inc., Bertelsmann SE & Co KGaA, and Sony Corp.

The television broadcasting market involves transmitting radio waves from transmitters to antenna receivers, generating visual pictures on TV, and providing viewers with a wide array of independent channels with various frequencies.

This market encompasses television stations and television networks, which can be public, commercial, and utilize various revenue sources, such as subscription-based and advertisement-based models.

North America emerged as the largest region in the television broadcasting market in 2022, and the Middle East is expected to be the fastest-growing region during the forecast period.

The countries covered in the report include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.

The market value includes revenues earned by entities operating television broadcasting studios and facilities, transmitting programs to the public. This includes broadcasting images together with sound and producing or transmitting visual programming to affiliated broadcast television stations. The market value encompasses the value of related goods sold by the service provider or included within the service offering. Globe Newswire