Forecast: Output of Audiovisual and Broadcasting in Australia

Analyzing the trends in the audiovisual and broadcasting output in Australia, the value stood at 16.74 billion Australian Dollars in 2023. Observing data from 2013 to 2023, there's an evident downward trend. From a peak value in 2015, the industry steadily declined, experiencing a significant drop between 2018 and 2020. The year-on-year variation showed fluctuations, with notable declines in 2019 (-7.77%) and consistent annual reductions thereafter, hovering around -0.62% from 2020 to 2023. The five-year CAGR from 2019 to 2023 averaged -2.56%. Forecasts for 2028 predict a slight annual decrease by -0.46% on average, culminating in an overall 2.28% decline over five years.

Future trends to watch for:

  • Technological advancements in digital streaming and their impact on traditional broadcasting.
  • Shifts in consumer behavior favoring on-demand and subscription-based content.
  • Regulatory changes and potential incentives for local content production.
  • Global market influences and competition from international streaming services.

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