According to The Insight Partners’ research, the discussion system market accounted US$ 600.19 million in 2020 and is expected to rise at a CAGR of 6.5% during the forecast period to reach US$ 972.60 million by 2028. The increasing need for efficient communication and the growing investment in digitizing the workspace are the aspects leading toward market expansion.

Globally, there is a rise in the need for efficient communication. Institutional audio needs have shifted, especially instruction, presentation, and conversation. Multi-site meetings and increased dependence on multimedia are all on the rise. Further, many conventional audio-visual departments are being integrated into the IT infrastructure, which places a responsibility on consultants and installation companies to supply turnkey solutions that are easily connected to solve more complex communication requirements. Conferencing and discussion systems play a significant role in accomplishing such objectives.  

Nowadays, digitizing workplace has become the most important aspect of expanding your market reach. For instance, companies with substantial meeting rooms may lose employee focus due to a lack of audibility and restraints on how they can contribute to the meeting, which can become a drawback to the company. Hence, proper digitizing of the workplace is necessary for favorable market growth. A discussion system here plays an important role as it is a ready-to-use sound system that requires no extra equipment. Each audio unit has a speaker, an amplifier, and a microphone, and the system's power supply are all included in a single central unit (CU). The requirement of discussion systems has pushed the companies to implement discussion systems in the workplace. Thus, these factors are driving the growth of the market.         

On the contrary, limits in sensitivity, noise, and power consumption are expected to hinder the growth of the market.

Based on type, the global discussion market is bifurcated into wired and wireless segment. In 2020, the wired segment led the market growth with a share of 61.6%, and market was valued at US$ 369.89 million. Further, the segment is anticipated to grow at a CAGR of 5.8% during the forecast period to garner US$ 568.01 million by 2028, with a market share of 58.4%.

By application, the global discussion system market is categorized as meeting rooms, press centers, classrooms, and others. Among these, the meeting rooms segment led the market growth with a share of 41.7% in 2020, with a market valued at US$ 250.56 million. Further, the segment is anticipated to grow with a share of 38.7%, with a market valued at US$ 376.42 million by 2028.  

Our regional analysis states that North America was the dominating region; it held 35.4% market share in 2020 and the market was valued at US$ 212.73 million; the regional market is likely to reach US$ 317.86 million by 2028, growing at 5.4% CAGR during 2021–2028. Meanwhile, Asia Pacific valued was US$ 148.25 million in 2020 and is slated to be worth US$ 265.60 million by 2028, exhibiting a rapid annual growth rate of 7.8% over the forecast period.            

Major players profiled in the global discussion system market report are Audio Technia U.S. Inc; AUDIX; Beyerdynamic GmbH & Co. KG; Bosch Sicherheitssysteme GmbH; Brähler Systems GmbH; Sennheiser electronic GmbH & Co. KG; Shure Incorporated; TAIDEN Industrial Co., Ltd; Televic; and TOA Electronics, Inc.

·         In February 2022, NBC Sports selected Audio-Technia to provide microphones, headphones, and broadcast headsets for its production in Olympic Winter Games in China.

·         In June 2019, Beyerdynamic set to showcase its wireless Bluetooth speakerphone PHONUM at InfoComm.

·         Brähler Systems GmbH launched a product – DIGIMIC, a structure-born noise absorber.

·         In February 2022, Sennheiser announced TeamConnect Intelligent Speaker for Microsoft Teams Rooms.