India Is The World’s Third Largest Market For True Wireless Stereo Earphones

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BoAt, an Indian consumer electronics firm, ranked fourth in global true wireless stereo shipments.

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The Indian market for true wireless stereo earbuds has grown in recent years.

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It’s estimated that over 16.6 million units were shipped in Q3, 2021.

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India’s global market share has risen to 14%, despite a 1.2% decline in global smart personal audio shipments.

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India is the third-largest market for truly wireless earphones, after the US and China.

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Thanks to local brands such as boAt, Noise, and Boult, as well as smartphone players such as Realme,” says Ashweej Aithal of Canalys.

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Based on TWS shipments and growth in Q3, 2021, boAt has secured a spot in the top five global companies.

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This gave the company a 3.8 percent global market share in the TWS segment.

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Last year, boAt shipped around 0.9 million units and held 1.2 percent of the global market.