The value added of audiovisual and broadcasting in the US saw ups and downs from 2013 to 2023. Early years exhibited notable volatility with a significant drop in 2014, and sharp rises in 2015 and 2016. Although there were slight declines in 2018 and moderate growth re-emerged between 2019 and 2023.

In 2023, the value stood at $198.61 billion, marking a 1.48% year-on-year increase. Notably, the compound annual growth rate (CAGR) over the last five years averaged 1.73%. Forecasted figures suggest a consistent upward trend, with a CAGR of 1.05% expected over the next five years, culminating in a 5.38% total growth by 2028.

Future trends to watch for:

Continued digital transformation impacting content delivery and consumer behavior.
Impact of technological advancements like 5G, AI, and AR/VR on broadcasting.
Shifting revenue models with increased emphasis on subscription-based and streaming services.
Regulatory changes and their implications on industry dynamics.