This Foldable Smartphones market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The foldable smartphones market size has grown exponentially in recent years. It will grow from $20.69 billion in 2023 to $25.1 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The expansion observed during the historical period can be linked to a rising consumer preference for larger screens in compact devices, advancements in hinge technologies, the growth of 5G networks that enhance mobile experiences, increased investments in research and development, and efforts by smartphone manufacturers to differentiate themselves in a competitive market.
The foldable smartphones market size is expected to see exponential growth in the next few years. It will grow to $54.65 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%.The anticipated growth during the forecast period is driven by the rising adoption of remote and hybrid work arrangements, a growing demand for scalable and flexible IT solutions, the incorporation of artificial intelligence to boost productivity, the proliferation of 5G networks facilitating quicker cloud access, and the increasing significance of data analytics for business insights. Key trends in the forecast period include the growth of multi-cloud strategies, a focus on data privacy and compliance, the integration of advanced collaboration tools, the creation of industry-specific cloud solutions tailored to unique business requirements, and a movement towards sustainable and energy-efficient cloud infrastructure.
The growing popularity of mobile gaming is expected to drive the expansion of the foldable smartphone market in the future. This trend is fueled by widespread access to smartphones, enhanced internet connectivity, affordable data plans, advancements in mobile gaming technology, and a diverse array of engaging free-to-play games. Additionally, the appeal of social gaming experiences and the convenience of gaming on the go further boost its popularity. Foldable smartphones improve gaming experiences by providing larger, immersive screens that can expand for a broader view and fold for easy portability. For example, a report from Video Games Europe (VGE) in September 2023 noted that the European gaming industry generated $24.5 billion in 2022, a 5% increase from the previous year. Mobile gaming comprised 42% of this total, with 68% of Europeans opting for mobile platforms, up from 63% in 2021. Therefore, the increasing adoption of mobile gaming is set to enhance the growth of the foldable smartphone market.
Key players in the foldable smartphone sector are developing advanced hinge technologies with multi-fold designs, such as tri-fold technology, to improve user experience by offering larger displays in more compact devices, enhancing durability, and pushing design boundaries. Tri-fold technology refers to a mechanism where a single screen can fold at two different points, creating three distinct sections. For instance, in September 2024, Huawei Technologies Co., Ltd., a Chinese technology company, introduced the Mate XT Ultimate Edition, the world’s first tri-fold smartphone. It features a 10.2-inch foldable OLED screen that transforms from a 6.4-inch phone to a 10-inch tablet, alongside a robust hinge system, 16 GB of RAM, up to 1 TB of storage, and a 5600mAh battery with 66W wired and 50W wireless charging. The device operates on HarmonyOS 4.2 and is available exclusively in China. The incorporation of dual hinges with specialized inner and outer folds reflects a growing emphasis on durability and seamless functionality in foldable devices.
In March 2022, OnePlus Technology Co., Ltd., a Chinese smartphone manufacturer, partnered with Google LLC to enhance the software experience on foldable smartphones. This collaboration aims to integrate Google’s Android platform with OnePlus’ hardware innovations, focusing on optimizing Android’s foldable screen features and ensuring a smooth user experience across various device modes and formats. Google LLC is a U.S.-based technology company that also manufactures foldable smartphones.
Major companies operating in the foldable smartphones market are Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd, Sony Corporation, Lenovo Group, HP Inc., Vivo Communication Technology Co. Ltd, Xiaomi Corporation, OPPO Electronics Corporation, BOE Technology Group, TCL Technology Group Corporation, ZTE Corporation, Honor Device Co. Ltd., Schott AG, OnePlus Technology Co. Ltd., Meizu Technology Co. Ltd., HTC Corporation, Royole Corporation, Tecno Mobile Limited, Infinix Mobile, Tianma Microelectronics, Visionox, Nubia Technology Co. Ltd., Realme Technology.
Asia-Pacific was the largest region in the foldable smartphones market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the foldable smartphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the foldable smartphones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Foldable smartphones are devices equipped with flexible screens that can bend or fold, enabling them to transition between compact and expanded forms. These gadgets often utilize cutting-edge materials such as flexible OLED (Organic Light-Emitting Diode) displays, which can endure frequent folding without sustaining damage. The primary goal of foldable smartphones is to provide a larger display experience akin to a tablet, all while retaining the portability of a conventional smartphone.
The main categories of foldable smartphones are inward folding and outward folding. Inward folding smartphones feature screens that fold inward when closed, resulting in a compact device that unfolds to reveal a larger, tablet-sized screen within a smaller, more portable casing. They operate on systems such as Android, iPhone’s operating system (iOS), and others, with random access memory (RAM) capacities of 16GB, 12GB, and 8GB. Sales channels include both online and offline options.
The foldable smartphones market research report is one of a series of new reports that provides foldable smartphones market statistics, including foldable smartphones industry global market size, regional shares, competitors with an foldable smartphones market share, detailed foldable smartphones market segments, market trends and opportunities, and any further data you may need to thrive in the foldable smartphones industry. This foldable smartphones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The foldable smartphones market consists of sales of foldable tablets, accessories, replacement parts, and rollable phones. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The foldable smartphones market size has grown exponentially in recent years. It will grow from $20.69 billion in 2023 to $25.1 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The expansion observed during the historical period can be linked to a rising consumer preference for larger screens in compact devices, advancements in hinge technologies, the growth of 5G networks that enhance mobile experiences, increased investments in research and development, and efforts by smartphone manufacturers to differentiate themselves in a competitive market.
The foldable smartphones market size is expected to see exponential growth in the next few years. It will grow to $54.65 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%.The anticipated growth during the forecast period is driven by the rising adoption of remote and hybrid work arrangements, a growing demand for scalable and flexible IT solutions, the incorporation of artificial intelligence to boost productivity, the proliferation of 5G networks facilitating quicker cloud access, and the increasing significance of data analytics for business insights. Key trends in the forecast period include the growth of multi-cloud strategies, a focus on data privacy and compliance, the integration of advanced collaboration tools, the creation of industry-specific cloud solutions tailored to unique business requirements, and a movement towards sustainable and energy-efficient cloud infrastructure.
The growing popularity of mobile gaming is expected to drive the expansion of the foldable smartphone market in the future. This trend is fueled by widespread access to smartphones, enhanced internet connectivity, affordable data plans, advancements in mobile gaming technology, and a diverse array of engaging free-to-play games. Additionally, the appeal of social gaming experiences and the convenience of gaming on the go further boost its popularity. Foldable smartphones improve gaming experiences by providing larger, immersive screens that can expand for a broader view and fold for easy portability. For example, a report from Video Games Europe (VGE) in September 2023 noted that the European gaming industry generated $24.5 billion in 2022, a 5% increase from the previous year. Mobile gaming comprised 42% of this total, with 68% of Europeans opting for mobile platforms, up from 63% in 2021. Therefore, the increasing adoption of mobile gaming is set to enhance the growth of the foldable smartphone market.
Key players in the foldable smartphone sector are developing advanced hinge technologies with multi-fold designs, such as tri-fold technology, to improve user experience by offering larger displays in more compact devices, enhancing durability, and pushing design boundaries. Tri-fold technology refers to a mechanism where a single screen can fold at two different points, creating three distinct sections. For instance, in September 2024, Huawei Technologies Co., Ltd., a Chinese technology company, introduced the Mate XT Ultimate Edition, the world’s first tri-fold smartphone. It features a 10.2-inch foldable OLED screen that transforms from a 6.4-inch phone to a 10-inch tablet, alongside a robust hinge system, 16 GB of RAM, up to 1 TB of storage, and a 5600mAh battery with 66W wired and 50W wireless charging. The device operates on HarmonyOS 4.2 and is available exclusively in China. The incorporation of dual hinges with specialized inner and outer folds reflects a growing emphasis on durability and seamless functionality in foldable devices.
In March 2022, OnePlus Technology Co., Ltd., a Chinese smartphone manufacturer, partnered with Google LLC to enhance the software experience on foldable smartphones. This collaboration aims to integrate Google’s Android platform with OnePlus’ hardware innovations, focusing on optimizing Android’s foldable screen features and ensuring a smooth user experience across various device modes and formats. Google LLC is a U.S.-based technology company that also manufactures foldable smartphones.
Major companies operating in the foldable smartphones market are Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd, Sony Corporation, Lenovo Group, HP Inc., Vivo Communication Technology Co. Ltd, Xiaomi Corporation, OPPO Electronics Corporation, BOE Technology Group, TCL Technology Group Corporation, ZTE Corporation, Honor Device Co. Ltd., Schott AG, OnePlus Technology Co. Ltd., Meizu Technology Co. Ltd., HTC Corporation, Royole Corporation, Tecno Mobile Limited, Infinix Mobile, Tianma Microelectronics, Visionox, Nubia Technology Co. Ltd., Realme Technology.
Asia-Pacific was the largest region in the foldable smartphones market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the foldable smartphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the foldable smartphones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Foldable smartphones are devices equipped with flexible screens that can bend or fold, enabling them to transition between compact and expanded forms. These gadgets often utilize cutting-edge materials such as flexible OLED (Organic Light-Emitting Diode) displays, which can endure frequent folding without sustaining damage. The primary goal of foldable smartphones is to provide a larger display experience akin to a tablet, all while retaining the portability of a conventional smartphone.
The main categories of foldable smartphones are inward folding and outward folding. Inward folding smartphones feature screens that fold inward when closed, resulting in a compact device that unfolds to reveal a larger, tablet-sized screen within a smaller, more portable casing. They operate on systems such as Android, iPhone’s operating system (iOS), and others, with random access memory (RAM) capacities of 16GB, 12GB, and 8GB. Sales channels include both online and offline options.
The foldable smartphones market research report is one of a series of new reports that provides foldable smartphones market statistics, including foldable smartphones industry global market size, regional shares, competitors with an foldable smartphones market share, detailed foldable smartphones market segments, market trends and opportunities, and any further data you may need to thrive in the foldable smartphones industry. This foldable smartphones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The foldable smartphones market consists of sales of foldable tablets, accessories, replacement parts, and rollable phones. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Foldable Smartphones Market Characteristics3. Foldable Smartphones Market Trends and Strategies32. Global Foldable Smartphones Market Competitive Benchmarking33. Global Foldable Smartphones Market Competitive Dashboard34. Key Mergers and Acquisitions in the Foldable Smartphones Market
4. Foldable Smartphones Market - Macro Economic Scenario
5. Global Foldable Smartphones Market Size and Growth
6. Foldable Smartphones Market Segmentation
7. Foldable Smartphones Market Regional and Country Analysis
8. Asia-Pacific Foldable Smartphones Market
9. China Foldable Smartphones Market
10. India Foldable Smartphones Market
11. Japan Foldable Smartphones Market
12. Australia Foldable Smartphones Market
13. Indonesia Foldable Smartphones Market
14. South Korea Foldable Smartphones Market
15. Western Europe Foldable Smartphones Market
16. UK Foldable Smartphones Market
17. Germany Foldable Smartphones Market
18. France Foldable Smartphones Market
19. Italy Foldable Smartphones Market
20. Spain Foldable Smartphones Market
21. Eastern Europe Foldable Smartphones Market
22. Russia Foldable Smartphones Market
23. North America Foldable Smartphones Market
24. USA Foldable Smartphones Market
25. Canada Foldable Smartphones Market
26. South America Foldable Smartphones Market
27. Brazil Foldable Smartphones Market
28. Middle East Foldable Smartphones Market
29. Africa Foldable Smartphones Market
30. Foldable Smartphones Market Competitive Landscape and Company Profiles
31. Foldable Smartphones Market Other Major and Innovative Companies
35. Foldable Smartphones Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Foldable Smartphones Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on foldable smartphones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for foldable smartphones? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The foldable smartphones market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- the impact of higher inflation in many countries and the resulting spike in interest rates.
- the continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Inward Fold; Outward Fold2) by Operating Type: Android; iPhone Operating System (iOS); Other Operating Types
3) by Random Access Memory (RAM): 16GB; 12GB; 8GB
4) by Sales Channel: Online; Offline
Key Companies Mentioned: Samsung Electronics Co. Ltd.; Microsoft Corporation; Huawei Technologies Co. Ltd; Sony Corporation; Lenovo Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Foldable Smartphones market report include:- Samsung Electronics Co. Ltd.
- Microsoft Corporation
- Huawei Technologies Co. Ltd
- Sony Corporation
- Lenovo Group
- HP Inc.
- Vivo Communication Technology Co. Ltd
- Xiaomi Corporation
- OPPO Electronics Corporation
- BOE Technology Group
- TCL Technology Group Corporation
- ZTE Corporation
- Honor Device Co. Ltd.
- Schott AG
- OnePlus Technology Co. Ltd.
- Meizu Technology Co. Ltd.
- HTC Corporation
- Royole Corporation
- Tecno Mobile Limited
- Infinix Mobile
- Tianma Microelectronics
- Visionox
- Nubia Technology Co. Ltd.
- Realme Technology
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 25.1 Billion |
| Forecasted Market Value ( USD | $ 54.65 Billion |
| Compound Annual Growth Rate | 21.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
