The global foldable smartphone market is anticipated to grow at a significant CAGR of 20.5% during the forecast period. The rise in the competition among players and availability of multiple reliable foldable smartphones have grown the global foldable smartphone market significantly and is anticipated to grow exponentially in the upcoming years. As per the Display Supply Chain Consultants (DSCC) reports, in Q3 2021 the foldable smartphones shipments grew to 480% from 215% in Q2 2021. The foldable smartphone was just a concept a few years back but it got commercialized in 2019. Since the first launch, it got a lot of attention from market players, tech enthusiasts, and general consumers. In just a few years, multiple market players like Xiaomi, Huawei, and others launched their own foldable phones, and multiple other market players are also working on their own products. Apart from this, the high concumer expending on smartphones is motivating smartphone manufactueres to coming up with new products in the market, which in turn aiding in the market growth.
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The COVID-19 pandemic had affected most of the industries including the smartphone industry. Due to the spread of the virus, most of the governments imposed lockdown which restricted the research & development programs, and manufacturing of the new products. It constrained the market players to fulfill the rising market demand, and development of new products or technologies. However, as the market gets normal, the sales of foldable phones grew significantly with new product launches by the smartphone companies. For instance, in December 2021, Samsung released the first month sales of Samsung’s foldable devices, Galaxy Z Fold3 and Z Flip3, which exceeded the total accumulative sales of Samsung foldable devices released in 2020.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Foldable Smartphone Market Report by Segment
By Functionality Type
- Inward Fold
- Outward Fold
By Distribution Channel
- Online
- Offline
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North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global foldable smartphone market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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