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Global Foldable Smartphone Market Size, Share, Analysis: By Functionality Type: Inward Fold, Outward Fold; By Sales Channel: Online, Offline; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Foldable Smartphone Market Outlook
The global foldable smartphone market size reached nearly USD 20.44 billion in 2023. The market is projected to grow at a CAGR of 24% between 2024 and 2032 to reach a value of around USD 141.64 billion by 2032.
Key Trends in the Market
A foldable smartphone refers to a type of smartphone which is made up of a flexible screen that folds in half. It provides a bigger display to the user in a smaller package.
- Foldable smartphones are gaining traction among users who value larger screens in a compact and pocketable form. Superior display, along with efficient multitasking facilities, offered by such smartphones is also driving the foldable smartphone market growth.
- Increasing product launches by leading market players aimed towards introducing foldable smartphones with powerful processors, enhanced camera resolution, and reduced thickness are expected to aid the market in the forecast period.
- Emergence of 5G technology, artificial intelligence, smart applications, and content delivery platforms are further expected to bolster the popularity of foldable smartphones as these phones can improve the viewing experience of users.
- The growing intensity of competition between smartphone manufacturing giants is likely to be a key foldable smartphone market trend in the coming years. Companies are developing foldable smartphones with more affordable prices, increasing their appeal among the middle-class population.
Global Foldable Smartphone Market Analysis
Based on functionality type, the market is segmented into inward fold and outward fold. On the basis of sales channel, the foldable smartphone market segmentation includes online and offline. The major regional markets for foldable smartphone include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global foldable smartphone market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Samsung Electronics Co. Ltd
- Huawei Technologies Co. Ltd.
- Lenovo Group Ltd
- Google LLC
- Microsoft Corporation
- Xiaomi Inc.
- OPPO Mobile Telecommunications Corp., Ltd.
- ZTE Corporation
- TECNO MOBILE LIMITED
- Royole Corporation
- Others
Global Foldable Smartphone Market Share by Sales Channel
Online channel accounts for a significant portion of the foldable smartphone market share. Online platforms allow users to analyse the features of a foldable smartphone and read reviews of other buyers. In addition, a buyer can browse through different types of foldable smartphones, use online expert reviews, and purchase the product at a low cost.
Over the forecast period, rapid digitalisation, the growing smartphone penetration, and the ease of availability of products are further heightening the sales of foldable smartphones from online sales channels.
Global Foldable Smartphone Market Share by Region
As per the foldable smartphone market analysis, the Asia Pacific is expected to robustly grow in the forecast period. A strong foothold of companies which have pioneered foldable smartphone technology, such as Xiaomi Inc. and Samsung, is driving the regional market growth.
The development of foldable smartphones with innovative features and the growing demand for premium smartphones are likely to fuel the market. During the forecast period, the launch of affordable foldable smartphones is expected to augment the foldable smartphone market demand.
Competitive Landscape
Samsung Electronics Co. Ltd is a multinational electronics corporation which offers cutting-edge technology such as smartphones, tablets, televisions, and home appliances, among others. It was founded in 1969 and is headquartered in Suwon-Si, South Korea.
Huawei Technologies Co. Ltd. is a leading electronics manufacturer which develops and sells products such as smartphones, personal computers, and wearables, among others. It was established in 1987 and is headquartered in Shenzhen, China.
Lenovo Group Ltd is a consumer electronics manufacturer which offers PC services, data centre services, asset recovery services, and smart edge solutions, among others. The company was founded in 1984 and is headquartered in Quarry Bay, Hong Kong.
Other market players include Google LLC, Microsoft Corporation, Xiaomi Inc., OPPO Mobile Telecommunications Corp., Ltd., ZTE Corporation, TECNO MOBILE LIMITED, and Royole Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Functionality Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Foldable Smartphone Market Analysis
8.1 Key Industry Highlights
8.2 Global Foldable Smartphone Historical Market (2018-2023)
8.3 Global Foldable Smartphone Market Forecast (2024-2032)
8.4 Global Foldable Smartphone Market by Functionality Type
8.4.1 Inward Fold
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Outward Fold
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Foldable Smartphone Market by Sales Channel
8.5.1 Online
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Offline
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Foldable Smartphone Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Foldable Smartphone Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Foldable Smartphone Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Foldable Smartphone Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Foldable Smartphone Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Foldable Smartphone Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Samsung Electronics Co. Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Huawei Technologies Co. Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lenovo Group Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Google LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Microsoft Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Xiaomi Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 OPPO Mobile Telecommunications Corp., Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 ZTE Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 TECNO MOBILE LIMITED
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Royole Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Foldable Smartphone Market: Key Industry Highlights, 2018 and 2032
2. Global Foldable Smartphone Historical Market: Breakup by Functionality Type (USD Billion), 2018-2023
3. Global Foldable Smartphone Market Forecast: Breakup by Functionality Type (USD Billion), 2024-2032
4. Global Foldable Smartphone Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
5. Global Foldable Smartphone Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
6. Global Foldable Smartphone Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Foldable Smartphone Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Foldable Smartphone Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Foldable Smartphone Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Foldable Smartphone Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Foldable Smartphone Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Foldable Smartphone Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Foldable Smartphone Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Foldable Smartphone Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Foldable Smartphone Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Foldable Smartphone Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Foldable Smartphone Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Foldable Smartphone Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 20.44 billion in 2023.
The market is estimated to grow at a CAGR of 24% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 141.64 billion by 2032.
The unique features of foldable smartphones, such as larger screens in a compact form, the emergence of 5G technology, and the growing intensity of competition between smartphone manufacturing giants are the major drivers of the market.
The key trends in the market include the surging product launches by the leading market players and the introduction of foldable smartphones with innovative features.
Inward fold and outward fold are the different functionality types of foldable smartphones.
Online and offline are the major sales channels in the market.
Samsung Electronics Co. Ltd, Huawei Technologies Co. Ltd., Lenovo Group Ltd, Google LLC, Microsoft Corporation, Xiaomi Inc., OPPO Mobile Telecommunications Corp., Ltd., ZTE Corporation, TECNO MOBILE LIMITED, and Royole Corporation, among others, are the key market players.
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