Exciting New Study: We are in an Audio Resurgence!

Nielsen logoWe live in a time rich in options for ways to connect with and consume content. If I asked you to pick which source was the number one method that adults aged 18 and older use to consume content today, which would you choose: Smartphone? Tablet? PC? TV connected device? TV? AM/FM radio?

If you picked that last option, AM/FM radio, you would be correct! Fully 93% of all adults use an AM/FM radio to consume content on a weekly basis. Surprised? Hold on to your hat…that’s just one of the many surprising results in new research study from The Nielsen Company that says we are now in an audio resurgence.

See more on this surprising study on the resurgence of audio with today’s consumer…



“Audio plays a central role in the daily lives of hundreds of millions of consumers,” said Brad Kelly, a managing director with Nielsen in text accompanying their latest study titled Audio Today 2018 – How America Listens. “Broadcast radio specifically continues to profoundly enrich the lives of listeners and create value for advertisers. Each week, more Americans tune into AM/FM radio (93%) than watch television, or use smartphones, tablets or computers.”

Kelly goes on to note that new types of content, such as streaming and podcasts, have not only increased the types of content we are listening to, but also the ways we listen across various device. In effect, these technology trends have served to usher in a new era of audio content consumption.

270 Million Americans Can’t Be Wrong

OK, before you go all bleary-eyed…let me throw another one at you: 270 million Americans aged 6+ listen to radio each week. That is darn close, about 82%, of everyone in the country of 324 million people. Have I got your attention now?

Graph showing how content is consumed

This graph shows the “reach” of the most popular sources of media. The darkest bar in each section shows the overall average reach. The following three bars break that result down into three age demographics: 18-34, 35-49, and 50+. With this you can find interesting generational differences – for example, the gray crowd prefers TV, while youngsters choose AM/FM radio and smartphones almost equally

Nielsen notes that in today’s “harried, time-starved world” compelling content, such as audio news or entertainment, lend themselves to the multi-tasking reality of our daily lives. Whether you are at work, or in the car, in the office, on the road, heading to the store, or whatever – audio is our first choice for a companion.

Streaming & Podcasts Grow Audio Listening



The survey notes that areas of growth for audio include streaming and podcasts. Notes Nielsen, “When considering today’s expanding audio landscape, it’s impossible to ignore podcasts. With a huge number of podcasts covering every imaginable subject and interest, it comes as no surprise that over 30 million Americans watch, listen or download a podcast every month.”

In breaking down the data relative to podcasts, it is clear that the ready availability of smartphones is driving consumption. All forms of media sources reported increases in those consuming podcasts over the three-year period from 2014 – 2017. But while most were up a few percentage points, the use of a smartphone to listen to podcasts grew an impressive 157%!Graph of podcast delivery methods

Results Challenge Conventional Wisdom



The results of this study truly challenge conventional thinking. For years, those of us in the A/V business have been taught that we live in a video-driven consumer market. But this study shows that reality may be changing.

But hey, we serve both the “A” and the “V” – so that is good news for most of us indeed.

Learn more about the various studies that Nielsen conducts by visiting: www.nielsen.com.




Comments

Exciting New Study: We are in an Audio Resurgence! — 6 Comments

  1. Excellent commentary! I am absolutly one of those who depend on AM/FM. Don’t get me wrong…I stream radio stations and also play a lot of material I have on lp’s and YES, 78’s! After almost a 6 month period since acquiring my Subaru I have finally had time to install my new Sony head unit. What did I miss most about Am/FM on the standard radio installed? It lacked the HD Radio which I LOVE. Lot’s of stations here in Indy with multiple channels I like AND as a talk show fanatic I love hearing my favorite AM stations (from 100+ miles away) sound as good as FM Stereo. Unlike satellite it is free and does NOT exhibit the awful compression I hear on that medium.

  2. Thank you Ted, although I have been saying this to anyone and everyone who would listen for some time now. More audio product is selling than ever and audio embedded in devices is becoming ever more important if voice interfaces and clarity remain important. What is key here is that much of this rapid growth and expansion is in new kinds and configurations of products, and that the customer base is now mainly millenials. If firms meet their needs and the needs of the media they consume then there is tremendous opportunity. Remember, nowaday people can watch and listen almost anywhere. This is an almost infinite growth in opportunity when we are freed from the home electronic fireplace. And yes, radio in its old and new forms is still a force.

  3. None of this seems to relate to traditional high-fidelity audio, though, which is not surprising but still kinda sad (at least to me).

    • Michael,

      Yes, that’s true. But the audio curve bending up is a positive sign that audio will continue to grow. More interest in audio will [hopefully] pave the way for more interest in specialty audio.

      I’m keeping my fingers crossed. Audio has been in the shadow of video for way too long. And while this is but a baby step, it is heading in the right direction.

      Ted

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