Global foldable smartphone market is estimated to be valued at US$ 23.89 Bn in 2024 and is expected to reach US$ 84.72 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 19.8% from 2024 to 2031.

Technological advancements in display and hinge mechanism design have enabled smartphone manufacturers to develop flexible display units that can transform into compact sizes for easy portability. Major players like Samsung and Huawei have already launched commercially available foldable phones. Advancements in technology decreases the production costs and makes these devices more affordable. Foldable designs offer a larger canvas for seamless multi-tasking and multimedia consumption while providing the convenience of a smaller form factor. This attracts several new customers. Due to further innovation and variety in product offerings, foldable smartphone market is expected to witness growth in the near future.

Market Dynamics:

Global foldable smartphone market growth is driven by various factors such as growing demand for larger screens for enhanced visual experience, preference for portable yet spacious devices among mobile users, and advancing flexible AMOLED display technology. However, high manufacturing costs and pricing can hamper its adoption. Market players are actively focusing on R&D to reduce production expense levels. Introduction of innovative product features, form factors, and competitive pricing strategies by market participants can help overcome barriers and drive the market growth. Smartphone original equipment manufacturers (OEMs) are further collaborating with part suppliers and display makers to build a strong ecosystem for foldable technology.

Key features of the study:

• This report provides in-depth analysis of the global foldable smartphone market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global foldable smartphone market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., TCL Communication Technology Holdings Limited, Xiaomi Corporation, OPPO Electronics Corporation, Lenovo Group Ltd., Royole Corporation, ZTE Corporation, Microsoft Corporation, Motorola Mobility LLC, Kyocera Corporation, AsusTek Computer Inc., Energizer Holdings, Inc., Tecno Mobile Limited, DOOV (Shenzhen Doov Technology Co., Ltd.), HP Inc., Google LLC, Apple Inc., Meizu Technology Co., Ltd., Nubia Technology Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global foldable smartphone market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global foldable smartphone market.

Detailed Segmentation:

• By Functionality Type
  • Inward Fold
  • Outward Fold
• By Sales Channel
  • Online
  • Offline
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • Samsung Electronics Co., Ltd.
  • Huawei Technologies Co., Ltd.
  • TCL Communication Technology Holdings Limited
  • Xiaomi Corporation
  • OPPO Electronics Corporation
  • Lenovo Group Ltd.
  • Royole Corporation
  • ZTE Corporation
  • Microsoft Corporation
  • Motorola Mobility LLC
  • Kyocera Corporation
  • AsusTek Computer Inc.
  • Energizer Holdings, Inc.
  • Tecno Mobile Limited
  • DOOV (Shenzhen Doov Technology Co., Ltd.)
  • HP Inc.
  • Google LLC
  • Apple Inc.
  • Meizu Technology Co., Ltd.
  • Nubia Technology Co., Ltd.