The output of audiovisual and broadcasting in Belgium has shown a mixed growth pattern over the past decade. After a decline in 2014, there was a steady recovery until a sharp drop in 2020. However, the industry rebounded strongly in 2021 and continued to grow through 2023, where it stood at 4.79 billion Euros. Between 2014 and 2023, the industry saw fluctuations with a notable downturn in 2020 likely due to the COVID-19 pandemic. The Compound Annual Growth Rate (CAGR) over the last five years was 2.21%.
The future forecast from 2024 to 2028 indicates moderate growth with a five-year CAGR of 1.44% and an overall growth rate of 7.4% over the period. Industry output is expected to reach 5.25 billion Euros by 2028.
Looking forward, key trends to watch include advancements in digital broadcasting technologies, increasing content streaming, and regulatory changes impacting the industry. The continued evolution of consumer preferences towards on-demand and high-definition content will also be pivotal.
