Base Year
Historical Year
Forecast Year
The global foldable smartphone market size reached nearly USD 20.44 billion in 2023. The market is projected to grow at a CAGR of 24.0% between 2024 and 2032 to reach a value of around USD 141.64 billion by 2032.
| Global Foldable Smartphone Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 20.44 |
| Market Size 2032 | USD Billion | 141.64 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 24.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 27.0% |
| CAGR 2024-2032 - Market by Country | Canada | 26.5% |
| CAGR 2024-2032 - Market by Country | China | 25.9% |
| CAGR 2024-2032 - Market by Sales Channel | Online | 30.5% |
| CAGR 2024-2032 - Market by Functionality Type | Inward Fold | 27.6% |
| Market Share by Country 2023 | France | 4.3% |
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.
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.
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.
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.
| CAGR 2024-2032 - Market by | Country |
| Canada | 26.5% |
| China | 25.9% |
| UK | 24.8% |
| India | 23.4% |
| Mexico | 22.1% |
| USA | XX% |
| Germany | XX% |
| France | XX% |
| Italy | 21.8% |
| Japan | XX% |
| Australia | XX% |
| Brazil | XX% |
| Saudi Arabia | 17.8% |
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.
| 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. |
Foldable Smartphone Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of nearly USD 20.44 billion in 2023.
The market is estimated to grow at a CAGR of 24.0% 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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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