According to a report, the worldwide foldable phone market grew by over 264 percent between 2020 and 2021 and will reach 27.6 million units in 2025 with a compound annual growth rate (CAGR) of 69.9 percent. The market currently comprises of flip and fold form factors, with Samsung being the major player. The South Korean company last year introduced Samsung Galaxy Z Flip 3 and Galaxy Z Fold 3 as its latest models in a new form factor which are the most popular foldable phones right now.
market intelligence firm International Data Corporation ,IDC, said Its latest report states that worldwide shipments of foldable phones that include both flip and fold form factors reached 7.1 million units in 2021. Shipments resulted in an increase of 264.3 per cent as compared to 1.9 million units shipped in 2020, the firm said.
IDC predicted that the growth in the foldable phone category would continue for years and would reach the 27.6 million units mark in 2025 with a market value of $29 billion (approximately Rs 2,17,500 crore).
According to the data shared by the firm, the share of foldable phones in the smartphone market was 0.5 percent in 2021, but it is expected to increase to 1.8 percent in 2025.
The CAGR of foldable phone shipments from 2020 to 2025 is also projected to be larger, compared to a growth rate of 3.1 percent for regular smartphone shipments.
IDC. According to Growth in the Foldable Phone Market Worldwide
| form factor | 2021 shipments (in million) | 2021 market share | 2025 Shipments (in million) | 2025 market share | 2020-2025 CAGR |
|---|---|---|---|---|---|
| folding | 7.1 | 0.5 percent | 27.6 | 1.8 percent | 69.9 percent |
| smart Fone | 1,341.8 | 99.5 percent | 1,491.3 | 98.2 percent | 3.1 percent |
| complete | 1,348.9 | 100.0 percent | 1,518.9 | 100.0 percent | 3.5 percent |
In 2021, the growth was mainly attributed to the success of Samsung Galaxy Z Flip 3 And Galaxy Z Fold 3,
IDC’s director of research Nabila Pople underlined that despite a small market share, foldable phones make up a third (over $1,000) of premium. Android market last year.
“Although Flip appears to be more popular, it is still too early in the game to declare a clear winner,” Pople said. “Vendors should keep a close eye on the overall foldable market as it continues to grow and attract new players to the market.”
IDC noted that foldable phones represent the most innovative visual change to happen in smartphones. While the idea of adopting the foldable as a replacement for both phones and tablets remains low, vendors in the market are targeting business users with lucrative offers in their lineup, the firm said.
The recent success of foldable devices from samsung “This category has been given new life as competitors race to enter the market,” said Anthony Scarsella, research manager at IDC. “We’ve seen other vendors launch new foldables this year, and we expect more players to try to take a stake from Samsung as the form factor grows in popularity.”
last year, including smartphone makers Huawei, OppositionAnd Xiaomi jump in the bandwagon By introducing its own models of foldable phones – namely oppo find no, Huawei P50 PocketAnd mi mix fold,
including companies Google are also Rumor To launch its foldable phone in the coming future. This will increase competition among sellers and eventually lead to more choices in different price segments.
As well as working on the hardware side, Google and Samsung are improving the software specifically for foldable phones to make it more adaptive and different from the regular smartphones we have.
google last year Android 12L . announced Because its operating system is for the form factor including foldable phones. We can expect some exclusive features for the foldable Android 13 as well.
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