India TWS market touches 8.4 million items cargo in 2020: Report

India’s TWS (True Wireless Stereo, generally often known as earbuds) market recorded a cargo of 8.4 million items, amounting to ₹2,432 crore in 2020, analysis agency techARC stated on Friday. With distant working rising considerably resulting from work-from-home follow, TWS has grow to be a vital accent for smartphone customers, techARC founder and chief analyst Faisal Kawoosa stated. “At the same time, the ecosystem has aligned to enhance the experience of near-real audio…COVID-19 has had a positive impact on this product category, almost doubling its size. Our expectations for 2020 were in the range of 4.5-5 million units,” he added. In phrases of items shipped, Xiaomi led the TWS class with a 14.7 per cent market share, adopted by Boat (13.9 per cent) and Realme (13.6 per cent). In worth phrases, Apple had near 35 per cent share, adopted by OnePlus (12.5 per cent) and Xiaomi (11.2 per cent). Considering that Apple TWS has a considerably excessive common promoting worth, OnePlus and Xiaomi have been capable of make the proper steadiness in incomes each worth and quantity market share of the TWS alternative in 2020, the report stated. The report famous that as many as 77 manufacturers shipped a TWS product in the course of the 12 months 2020. This excessive quantity will not be sustainable and there shall be consolidation with many insignificant manufacturers making a quiet exit, it added. PTI SR SHW SHW This story has been printed from a wire company feed with out modifications to the textual content. Only the headline has been modified. Subscribe to Mint Newsletters * Enter a sound e mail * Thank you for subscribing to our publication.