https://www.coherentmarketinsights.com/market-insight/foldable-smartphone-market-4747
Foldable Smartphone Market



Market Overview:


Foldable smartphones feature flexible organic light-emitting diode (OLED) or liquid crystal display (LCD) screens that can be folded like a book or wallet, thereby fitting easily into a pocket. Their compact size when folded and larger screen size, when unfolded, provides more screen area and portability.

Market key trends:

One of the key trends in the foldable smartphone market is the ongoing innovations in flexible display technology. Major manufacturers are investing heavily in R&D to develop stronger, thinner and more durable foldable display panels. For instance, Samsung announced its Ultra-Thin Glass solution and has further strengthened its foldable displays with polyimide film and ultra-thin glass for protection from scratches and damage. This has enabled the company to offer foldable devices like Galaxy Flip and Fold at lower price points.

Segment Analysis

The global foldable smartphone market can be segmented based on type, price range, and geography. Based on type, the market is segmented into inward folding and outward folding. The outward folding segment dominates the market as they provides a larger display, making the overall experience of using the device better.

Key Takeaways
The global foldable smartphone market is expected to witness high growth, exhibiting CAGR of 20% over the forecast period, due to increasing preference for larger display smart devices having flexibility.

Regional analysis: In terms of region, Asia Pacific is expected to dominate the market owing to presence of key players such as Samsung and Xiaomi in the region. Several key players are focusing on China and other APAC countries to tap the huge market potential. North America region is also expected to gain significant growth due to improving lifestyle and increasing disposable income.

Key players operating in the foldable smartphone market are Huawei, Lenovo Group Ltd., LG Electronics, Microsoft, Motorola, Oppo Co. Ltd, Royole, Samsung, Sony, TCL, and Xiaomi. Among these, Samsung dominates the global foldable smartphone market with models like Galaxy Z Fold and Galaxy Z Flip. It has largest market share of over 70% in 2021 owing to its early entry and continuous innovation in the segment.

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