India TWS Market Shipments up 85% YoY in 2022; Top 5 Spots Taken by Indian Players for First Time

  • Leading player boAt posted 89% YoY growth, contributing two-fifths of the total shipments.
  • For the first time, the top five spots in the India TWS market were captured by local brands.
  • Indian brands reached their highest ever share of 80%.
  • Domestic manufacturing captured a 30% shipment share in 2022, compared to just 2% in 2021.
  • The average selling price dropped by 20% YoY in 2022.

New Delhi, Beijing, Hong Kong, Seoul, London, San Jose, Buenos Aires – February 21, 2023

India’s TWS market shipments registered 85% YoY growth in 2022, according to the latest research from Counterpoint’s IoT service. Increasing local manufacturing helped drive the shipments, apart from timely sales events, frequent affordable offerings, and entry of new players.

Commenting on TWS brands’ performance in 2022, Senior Research Analyst Anshika Jain said, “Four-fifths of the total market was captured by Indian brands, their highest-ever share. For the first time, the top five spots were taken by local brands, which captured two-thirds of the total TWS shipments in India. Moreover, the majority of the new entrants this year were local brands. Further, Mivi, with its entirely locally produced TWS portfolio, grew 544% YoY and grabbed a position in the top five for the first time.

Evidently, Chinese and global brands lost some of their share to the Indian players this year. Chinese brands captured a 13% share in 2022 driven by the good performance of OnePlus’ feature-rich devices Nord Buds and Nord Buds CE. realme and OPPO also supported the growth of Chinese brands. Global brands took an 8% share led by Apple, Samsung and JBL.”

Talking about the local production scenario, Associate Director Liz Lee said, “Domestic manufacturing saw rapid growth, contributing 30% of the total shipments in 2022, compared to just 2% in 2021. Key homegrown brands boAt, Mivi and pTron ramped up their local manufacturing capabilities to account for 73% of the domestic shipment volume in 2022. Other key players like Noise, Truke, Boult Audio, Wings, Gizmore and Play also manufactured made-in-India devices for the first time this year. Moreover, this increase in the shipment share of local production largely led to a drop in the ASP (average selling price) by 20% in 2022. More new launches in the low-price band (INR 1,001-INR 2,000 or around $13-$25) also contributed to the drop.”

Market share of Top 5 TWS Brands, 2022

Source: India Hearables (TWS) Shipments, Model Tracker, 2021 vs 2022

Market Summary for 2022

  • boAt took the lead for the third year in a row with 89% YoY growth driven by increased penetration in domestic manufacturing, multiple affordable launches, and aggressive promotions. It captured seven spots in the rankings for top-10 best-selling models. The Airdopes 131 remained the top-selling model for the second consecutive year with a 10% share of the total TWS market shipments.
  • Noise rose to the second spot with 2x YoY The brand focused on its VS series which caters to the <INR 2,000 (or $25) price band. It added many new devices to the series in this period. Moreover, it opened the year 2022 with its expansion towards local production. As a result, it became the third-largest brand to offer made-in-India TWS devices.
  • Boult Audio grabbed the third spot with a 7% share and 167% YoY growth driven by aggressive marketing strategies and multiple new feature-rich offerings below INR 2,000 (<$25). It also entered the domestic manufacturing space for the first time in 2022. The majority of its volume was driven by the INR 1,001-INR 2,000 (or around $13-$25) retail price band. The Airbass XPods was the best-seller in its entire TWS portfolio.
  • Mivi grew 544% YoY this year and took the fourth position in the rankings for top-five brands for the first time, driven by its full-fledged made-in-India TWS portfolio, a good number of launches and huge presence in the entry-level price band (<INR 1,000 or around <$13) and low-price band (INR 1,001-INR 2,000 or around $13-$25).
  • PTron again took the fifth spot with a 5% share of the total TWS shipments. In addition, it was the largest brand in the entry-level price band (<INR 1,000 or around <$13).

Market Share of Top Five TWS brands, Q4 2022

Source: India Hearables (TWS) Shipments, Model Tracker, Q4 2022

Market Summary for Q4 2022

  • India’s TWS shipments saw 44% YoY growth in Q4 2022 driven by festive season sales and promotions and growing local production.
  • boAt grew 3% YoY to mark its tenth consecutive quarter of lead in Q4 2022, while Boult Audio stood second for the first time with an 11% share.
  • The top five TWS brands in India were all local brands – boAt, Boult Audio, Mivi, Ptron and Noise. They accounted for two-thirds of the total shipments.
  • In Q4 2022, Indian brands captured a record 84% share driven by boAt, Boult Audio, Mivi, Ptron and Noise.
  • With a 4% share, the boAt Airdopes 131 remained the top model for the seventh consecutive quarter in Q4 2022.
  • The INR 1,001-INR 2,000 retail price band (or around $13-$25) continued to fuel the TWS demand in India during Q4 2022 with an increased share of 75% in the overall shipments. boAt mainly drove the volume for this price band with a 45% share, followed by Boult Audio, Mivi, Noise and Wings.
  • The premium segment (>INR 5,000 or around >$60) captured a 4% share this quarter, driven by Samsung followed by Apple and JBL.


Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Analyst Contacts

Anshika Jain

Liz Lee

Anam Padha

Counterpoint Research


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