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As per the report, Boat was the market leader in the TWS segment contributing to two-fifth of the shipments during the year. The company saw 187.9% (Year-on-Year) YoY growth in 2021 compared to 2020. Nexxbase (Noise), on the other hand, witnessed 194.7% YoY growth during the year and captured 7.5% of the total market share. Palred (pTron) had a market share of 6.0% share and saw 36.8% YoY growth.

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