It is predicted that 100 Million Foldable smartphone shipments to reach by 2025, according to the market research firm Strategy Analytics.
The research firm said in a report that foldable will be the fastest-growing segment of the premium smartphone market over the next decade.
It further forecast that smartphone players like Samsung, Huawei and Apple will majorly be at the forefront of this evolving market.
Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, said, “We forecast global foldable smartphone shipments will grow strongly from under 1 million units in 2019 to 100 million by 2025. Foldables will be the fastest-growing segment of the premium smartphone market for the next decade.”
Big companies like Samsung, Motorola, and Huawei had already entered this premium segment in 2019 and have been seeing significant success ever since globally.
- Motorola, in November 2019 introduced Moto Razr its first-ever foldable phone offering priced at $1500.
- In February last year, Huawei also launched its first foldable device, Huawei Mate X in China at $2400.
- Samsung launched its first foldable smartphone Galaxy Fold in February 2019.
Neil Mawston, Executive Director at Strategy Analytics, added, “Foldables pack a big screen into a small design. Consumers can surf rich content, like video, on a large display, and then fold the device away neatly into a pocket or bag.”
Ken Hyers, Director at Strategy Analytics, added, “Samsung was the world’s number one foldable smartphone vendor in 2019, followed by Huawei in second place. Samsung is top in Western regions, like the US, while Huawei is focusing on its home market of China. Rival brands, such as Motorola and TCL, will deliver their own new models in 2020 and look to grab a slice of the foldables pie. By 2025, every major player should have a foldables portfolio, including Apple.”
Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, added, “For now, the foldables industry has several hurdles to overcome, including very high pricing, low yields of bendable displays, and questionable durability about whether the hinges or screens will last for more than a few months. However, the technical problems for foldables are not unsolvable, and we expect the issues to be addressed in the coming years.”―CT Bureau.