The forecasted average annual expenditure per Canadian household on television and satellite radio services shows a gradual decline from CAD 577.17 in 2024 to CAD 559.79 in 2028. This consistent decrease indicates a negative trend in household spending on these services.
Between 2024 and 2025, there is a decrease of approximately 0.78%, and a further decline of around 0.77% is anticipated from 2025 to 2026. The gradual decline continues with a 0.76% drop year-on-year observed from 2026 to 2027, and 0.75% from 2027 to 2028. Over the five-year period, this reflects a compounded annual growth rate (CAGR) of approximately -0.76%.
Future trends to observe include the impact of increasing streaming service popularity and potential changes in consumer behavior towards digital media consumption. The rise of new technology and content delivery platforms may further influence household expenditure patterns and possibly accelerate the decline in traditional television and satellite radio services.
