The output of the US audiovisual and broadcasting industry stood at 400.99 Billion US Dollars in 2023. Between 2013 and 2023, the industry saw notable fluctuations. The early years showed steady growth, notably a 6.43% YoY increase in 2016 and a 6.63% spike in 2018. However, the industry faced a significant decline in 2020 with a -5.29% YoY drop due to the pandemic. A subsequent recovery occurred in 2021 with a 12.1% YoY increase, stabilizing to 2.14% in 2023. The 5-year CAGR from 2018 to 2023 was 1.72%, reflecting moderate growth.
Future trends to watch for include:
- The growth of streaming services and digital content, which might drive industry output further.
- Technological advancements such as 5G and AI that could propel new content delivery modes.
- Potential regulatory changes and shifts in consumer behavior, impacting traditional broadcasting models.
