NAICS Code 541840-02 - Advertising-Radio
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NAICS Code 541840-02 Description (8-Digit)
Hierarchy Navigation for NAICS Code 541840-02
Parent Code (less specific)
Tools
Tools commonly used in the Advertising-Radio industry for day-to-day tasks and operations.
- Nielsen Audio Ratings
- Ad tracking software
- Audio editing software
- Media planning and buying software
- Audio production equipment
- Customer relationship management (CRM) software
- Market research tools
- Ad server technology
- Social media management tools
- Project management software
Industry Examples of Advertising-Radio
Common products and services typical of NAICS Code 541840-02, illustrating the main business activities and contributions to the market.
- Local car dealerships
- National restaurant chains
- Political campaigns
- Retail stores
- Healthcare providers
- Financial institutions
- Travel and tourism companies
- Non-profit organizations
- Sports teams
- Entertainment venues
Certifications, Compliance and Licenses for NAICS Code 541840-02 - Advertising-Radio
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Federal Communications Commission (FCC) License: A license issued by the FCC that is required for radio broadcasting. It is mandatory for all radio stations to have this license. The FCC is responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable in all 50 states, the District of Columbia, and U.S. territories.
- National Association Of Broadcasters (NAB) Certification: The NAB offers a range of certifications for radio professionals, including the Certified Broadcast Technologist (CBT) and Certified Radio Marketing Consultant (CRMC). These certifications demonstrate a high level of knowledge and expertise in the radio industry.
- Society Of Broadcast Engineers (SBE) Certification: The SBE offers a range of certifications for radio professionals, including the Certified Radio Operator (CRO) and Certified Broadcast Networking Technologist (CBNT). These certifications demonstrate a high level of technical knowledge and expertise in the radio industry.
- Occupational Safety and Health Administration (OSHA) Certification: OSHA offers a range of certifications related to workplace safety, including the OSHA 10-hour and 30-hour certifications. These certifications are important for radio professionals who work in hazardous environments, such as radio towers.
- Federal Aviation Administration (FAA) License: A license issued by the FAA that is required for radio professionals who operate or maintain radio equipment on aircraft. This license is important for radio professionals who work in the aviation industry.
History
A concise historical narrative of NAICS Code 541840-02 covering global milestones and recent developments within the United States.
- The "Advertising-Radio" industry has a long and rich history worldwide. The first radio advertisement was broadcasted in 1922 in the United States, and by the 1930s, radio advertising had become a popular medium for businesses to reach their target audience. In the 1950s, the introduction of television led to a decline in radio advertising, but the industry adapted by focusing on local advertising and targeting specific demographics. In recent years, the rise of digital media has impacted the industry, but radio advertising remains a popular and effective way for businesses to reach their target audience. In the United States, the "Advertising-Radio" industry has seen significant growth in recent years. In 2019, the industry generated over $16 billion in revenue, up from $15.6 billion in 2018. The industry has adapted to the changing media landscape by offering targeted advertising options and partnering with digital platforms to reach a wider audience. In addition, the rise of podcasting has created new opportunities for the industry, with many businesses using podcasts as a way to reach their target audience. Overall, the "Advertising-Radio" industry has a rich history and continues to evolve to meet the changing needs of businesses and consumers.
Future Outlook for Advertising-Radio
The anticipated future trajectory of the NAICS 541840-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Advertising-Radio industry in the USA is positive. The industry is expected to grow due to the increasing demand for radio advertising, especially in local markets. The rise of digital radio and the integration of radio with other digital platforms is also expected to drive growth in the industry. Additionally, the industry is expected to benefit from the growth of the overall advertising industry in the USA. However, the industry may face challenges from the increasing popularity of streaming services and podcasts, which may divert advertising dollars away from traditional radio. Overall, the Advertising-Radio industry is expected to continue to be a significant player in the advertising industry in the USA.
Industry Innovations for NAICS Code 541840-02
Recent groundbreaking advancements and milestones in the Advertising-Radio industry, reflecting notable innovations that have reshaped its landscape.
- Programmatic Advertising: Programmatic advertising has become increasingly popular in the Advertising-Radio industry in the USA. This technology allows advertisers to target specific audiences and optimize their ad campaigns in real-time.
- Integration with Digital Platforms: Radio stations in the USA are increasingly integrating with digital platforms such as social media and streaming services to reach a wider audience and provide more value to advertisers.
- Podcast Advertising: Many radio stations in the USA are now producing their own podcasts and offering advertising opportunities within them. This has opened up a new revenue stream for the industry.
- Voice-Activated Advertising: With the rise of smart speakers and voice assistants, the Advertising-Radio industry in the USA is exploring new ways to reach consumers through voice-activated advertising.
- Localized Advertising: The Advertising-Radio industry in the USA is focusing on localized advertising to provide more value to advertisers and better serve local communities. This includes targeted advertising for specific regions and demographics.
NAICS Code 541840-02 - Advertising-Radio
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