India TWS hearables market grew 656% in Q2: Counterpoint

NEW DELHI: India’s true wireless stereo (TWS) market registered a year-on-year growth of 656% in Q2 2020, led by Realme, Mi, and JBL, respectively, said a report by market research firm Counterpoint’s ETO Service.

The TWS products segment is the only segment that recorded growth, noted the report.

“Entry of players like Xiaomi and Oppo, and launch of more affordable devices pushed the average selling price (ASP) to the lower side, making it possible to reach a larger section of the population,” said Shilpi Jain, Research Analyst, on the market growth.