Foldable Phone Market (Display Size - Under 6 inch, 6-7 inch, 7-8 inch, and 8 inch & above; Display Panel Type - Fold, and Flip; Sales Channel - Online, and Offline): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Foldable Phone Market (Display Size - Under 6 inch, 6-7 inch, 7-8 inch, and 8 inch & above; Display Panel Type - Fold, and Flip; Sales Channel - Online, and Offline): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR01439 Category: Electronics, ICT & Semiconductors Published: January, 2024

A recent report published by Infinium Global Research on foldable phone market provides in-depth analysis of segments and sub-segments in the global as well as regional foldable phone market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional foldable phone market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global foldable phone market.

Market Insight:

The global foldable phone market was valued at USD 10.34 billion in 2022 and is expected to reach USD 61.98 billion in 2030, with a CAGR of 24.77% during the forecast period 2023-2030.

The foldable smartphone market encompasses smartphones featuring flexible displays capable of folding and unfolding. These devices allow users to seamlessly transition between a compact smartphone size and a larger tablet-like form, enhancing adaptability and versatility in mobile usage. Foldable phone screens, also known as foldable displays, are typically made up of flexible materials such as plastic or a specialized type of glass. The specific material used can vary among manufacturers, but common options include Ultra-thin Glass (UTG) or plastic-based materials like polyimide. These materials allow the display to bend without breaking, enabling the foldable design seen in modern foldable smartphones. The goal is to strike a balance between durability and flexibility to create a reliable and functional folding display.

In the current market scenario, the demand for foldable phones is experiencing continuous growth, driven by various factors such as the increased desire for flexible displays and the compelling features offered by these innovative devices. The rising demand for bendable screens and the incorporation of advanced features in foldable phones are expected to fuel further expansion of the market. Consumers are increasingly inclined towards phones with the ability to bend, coupled with appealing features, contributing to the heightened popularity of foldable phones. This trend is projected to propel the foldable phone market to greater heights. Furthermore, the market is anticipated to witness significant growth due to the expanding display sizes and enhanced multitasking capabilities offered by foldable phones. The surge in market growth is evident in the remarkable increase in global foldable smartphone shipments by 158% in 2021, highlighting the growing preference for larger, versatile displays and enhanced functionality within the mobile device market. An example of this trend is exemplified by devices like the Samsung Galaxy Z Fold3, offering users a tablet-like experience with its expansive 7.6-inch screen.

Foldable Phone Market Size, Share, Trends, Industry | IGR

The Asia-Pacific region stands out as the fastest-growing sector in the global foldable phone market, driven by several factors. Notably, the escalating demand for cutting-edge technology and the increasing affluence of consumers in countries such as China, South Korea, and India are pivotal drivers of this rapid growth. Key industry players like Samsung and Huawei, renowned for their advanced foldable phone offerings, have played a significant role in amplifying customer interest in the region. Additionally, the favorable economic conditions and a youthful population further contribute to the prominence of the Asia-Pacific region in the foldable phone market. Currently, there is a notable upswing in smartphone adoption in Asia-Pacific, with foldable phones gaining substantial traction. A case in point is the global popularity of Samsung's Galaxy Z Fold series. The region's swiftly expanding smartphone market, coupled with a cultural inclination toward embracing new technological trends, positions Asia-Pacific as a pivotal player in the thriving foldable phone market. This contribution is significant not only to the regional industry but also to the overall growth and innovation within the global foldable phone market.

Report Scope of the Foldable Phone Market:

Report Coverage Details
Market Size in 2022 USD 10.34 Billion
Market Size by 2030 USD 61.98 Billion
Growth Rate from 2023 to 2030 CAGR of 24.77%
Largest Market Asia Pacific
No. of Pages 255
Market Drivers
  • The market for foldable phones is driven by the advancement of the foldable and flippable screen.

  • A larger screen makes multitasking easier for consumers, and the market is driven by tab experience as well.

Market Segmentation By Display Size, By Display Panel Type, and By Sales Channel
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global foldable phone market covers segments such as display size, display panel type, and sales channel. On the basis of display size, the sub-markets include under 6 inch, 6-7 inch, 7-8 inch, and 8 inch & above. On the basis of display panel type, the sub-markets include fold, and flip. On the basis of sales channel, the sub-markets include online, and offline.

Companies Profiled:

The report provides profiles of the companies in the market such as Samsung Group, Huawei Technologies Co. Ltd, Microsoft Corporation, Xiaomi Corporation, Royole Corporation, Motorola (Lenovo Limited), LG Corporation, OPPO, AsusTek Computer Inc., and Energizer.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the foldable phone market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global foldable phone market was valued at USD 10.34 Billion in 2022.
It is likely to grow at a CAGR of 24.77% during the forecast period 2023-2030.
The global foldable phone market is estimated to reach USD 61.98 Billion by the end of 2030.
Asia Pacific is anticipated to exhibit high demand for foldable phone market during the forecast period.
Samsung Group, Huawei Technologies Co. Ltd, Microsoft Corporation, Xiaomi Corporation, Royole Corporation, Motorola (Lenovo Limited), LG Corporation, OPPO, AsusTek Computer Inc., and Energizer.
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