The radio broadcasting sector in Belgium has experienced fluctuating employment numbers over the past decade with a general downward trend. From 2013 to 2020, the number of employees varied significantly, peaking at 417 in 2020. However, a steep decline began in 2021, with employment dropping to 272 and further decreasing to 249 by 2023. This signifies a year-on-year decrease of 4.23% in 2023. The compound annual growth rate (CAGR) over the past five years (2019-2023) stands at -6.04%. Forecasts indicate a continued decline with employment expected to drop to 213 by 2028, reflecting a forecasted 5-year CAGR of -2.36% and an overall decrease of 11.25% from 2023 to 2028.
Future trends to watch for include:
- Technological advancements such as digital and internet radio, potentially impacting traditional radio employment.
- Shifting consumer preferences toward on-demand audio content like podcasts.
- Economic and policy changes that could alter the media landscape and job market.
- Impact of automation and artificial intelligence on operational efficiencies and workforce requirements.
