While not at all saying they won’t see a lovely spike of some kind, nobody is the only game in any town. Radio is one content delivery system; there are many competing for ears and ad dollars (not to mention those in the subscription space).
There are certainly locations where a radio is the primary means of getting music. But even in office settings, where it tends to be more communal, that’s less universal than it once was. At my dentist’s office, the old days of one of the radio stations in town being piped through the speakers have given way to a TuneIn stream (and no, not a stream of a broadcast outlet, but a themed online-only channel). Many—by no means all, but many—cars have options from a simple Bluetooth connection to the advanced entertainment systems that make AM/FM just one of a plethora of choices.
Actual radios in homes give way to speakers that can run from the audiophiles’ dream setups to basic. I think in my home, we have two functioning old radios; neither is used. My in-laws have one, and never use the radio; it’s just there because my mother-in-law still enjoys some vinyl albums, and the tuner is along for the ride. The last few times I’ve had work done at the house, the contractors weren’t playing boombox radios; they had basic Bluetooth speakers streaming Spotify and Pandora.
There is always another game.