India TWS Shipment by Model Tracker, Q1 2023

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Jun 22, 2023

Overview:

The latest research from Counterpoint’s IoT service reveals that India’s TWS (True Wireless Stereo earbuds) shipments saw 56% YoY growth in Q1 2023. boAt grew 59% YoY to mark its tenth consecutive quarter of lead in Q1 2023, while Boult Audio stood second for the second consecutive quarter with an 12% share. India brands captured a record 77% share driven by boAt, Boult Audio, Mivi, Ptron and Noise. The INR 1,000-INR 2,000 retail price band (or around $13-$25) continued to fuel the TWS demand in India during Q1 2023 with a share of 70% in the overall shipments. This report analyses the shipments of TWS splitting them on ASPs, price bands, and revenues along with channel split. It also includes model and specs level analysis.

Table of Contents:

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Category

Industry

IoT

Report Type

Report

Author

Anshika Jain

Anshika is a Senior Analyst with Counterpoint Technology Market Research, based out of Gurgaon. She has more than 10 years of work experience in market research and business intelligence field. She led various research and consulting projects for multiple sectors including BFSI and Telecom. Apart from this, she also has key client handling experience with leading MNCs. She holds a Master's in Business Administration from IMT Ghaziabad, specializing in Finance; and a Bachelor's degree in Economics from Hansraj College, Delhi University.

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