In 2023, the overall hours worked in audiovisual and broadcasting in the US were approximately 1.19 billion hours. From 2024 to 2028, the forecasted hours show a slight incremental trend, with stable values at 1.2 billion hours until 2026, then slight growth to 1.21 billion in 2027 and 2028. Year-on-year changes indicate a stagnation to minimal growth, reflecting a steady state of operations, with a minor increase of approximately 0.83% annually for 2027 and 2028. The five-year CAGR, calculating from 2023, is almost negligible, suggesting an industry with stable but low-paced growth.
Future trends to watch for include advancements in digital streaming and AI technologies that could alter work dynamics in the audiovisual and broadcasting sectors. Industry players should also follow regulatory changes and shifts in consumer behavior that might drive a rise in demand and influence the total hours worked in this field.
