The value added by the audiovisual and broadcasting sector in Australia stood at 5.14 billion Australian dollars in 2023. Over the past decade, the sector experienced significant fluctuations, growing until 2015 before entering a persistent decline. Year-on-year variations demonstrate a downward trend, with recent years showing notable decreases: -6.56% in 2021, -6.9% in 2022, and -7.36% in 2023. The compound annual growth rate (CAGR) for the last five years (2018-2023) was -7.01%. Forecasts for the next five years project continued contraction with a CAGR of -7.77%, leading to a cumulative 33.26% decline by 2028.

Future Trends to Watch For:

Emerging digital media platforms and their impact on traditional broadcasting.
Technological advancements such as 5G and their influence on content delivery and consumption.
Potential regulatory changes affecting the sector.
Global market trends and their implications for local industry participants.