About Foldable Phone
Foldable phones are gaining prominence due to the advanced and enhanced ease of handling foldable smartphones. These devices deliver a more impressive experience for the users while reading, playing games, or watching videos. It also offers flexibility in terms of multitasking which indicates the rise of the foldable market. The foldable phone market is on rising due to the increasing needs of end-users. The ongoing commercialization of smartphones with foldable and flexible displays is fuelling the growth of the market. The foldable display is a highly flexible electronic display as compared to the traditional flat displays which were offered by the players. These are based on the flexible display technology which can be twisted, rolled, turned, and even folded as paper according to the need of the users. It is an upcoming technology that is revolutionizing the electronics industry due to the high requirement from smartphone manufacturers and the quick advancements in LED, OLED, and AMOLED displays.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 18.0% |
The global foldable phones market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Foldable Phone market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Xiaomi Corp (China), Royole Corporation (United States), Samsung Electronics Co., Ltd (South Korea), Huawei Technologies (China), Motorola, Inc. (United States), LG Display Co., Ltd (South Korea), BOE Technology Group Co Ltd (China), Applied Materials, Inc. (United States), C3Nano (United States), Altenergy Power System, Inc. (United States), Visionox Technology (China), 3M (United States), Apple Inc. (United States), FUJIFILM Holdings Corporation (Japan), Huawei Technologies Co. Ltd (Japan), Microsoft (United States), Zeon Corporation (Japan), Nitto Denko Corporation (Japan), Schott NYC (United States), Solip Tech Co., Ltd (South Korea), Sumitomo Chemical Co., Ltd (Japan) and Tosoh Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kaneka Corporation (Japan), Kateeva (United States), Konica Minolta Business Solutions U.S.A., Inc (United States), Semiconductor Energy Laboratory Co., Ltd (Japan) and Tianma Microelectronics Co., Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Foldable Phone market by Type (LED, OLED, Flat, Flexible and AMOLED) and Region.
On the basis of geography, the market of Foldable Phone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Foldable Phone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Men will boost the Foldable Phone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand of New and Advanced Smartphones Displays
Market Growth Drivers:
Rising Smartphone Ownership, Technological Advancements in OLED Display Technology and Increasing Disposable Income & Spending Capacity
Challenges:
Technological Defects in The Existing Offerings and Intense Competition Among the Players
Restraints:
High Cost Regarding Technology and Incompatibility Issues of The Hardware and Software
Opportunities:
Changing Display Technology and Quick Transformations and Increased Research and Development by The Players
Market Leaders and their expansionary development strategies
In February 2023, Google and Samsung announced a deepened partnership to improve the Android operating system for foldable devices. This included optimizing apps for larger screens and better multitasking capabilities.
In June 2023, Microsoft and Qualcomm collaborated to bring Windows 11 to ARM-powered processors, potentially paving the way for future foldable laptops and phones with Windows integration.
Key Target Audience
Manufacturers of Foldable Phone, Suppliers and distributors of Foldable Phone, Governmental and Regulatory bodies and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.