Foldable Smartphones Market is expected to Grow with a CAGR of 14.09% through 2030
The foldable smartphones
market is driven by advancements in flexible display technology, rising
consumer demand for innovative designs, increasing smartphone replacement
cycles, and growing investments by leading manufacturers in premium,
high-performance foldable devices.
According to TechSci Research
report, “Foldable Smartphones Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Foldable Smartphones Market was valued at USD 27.61 billion in 2024 and is expected to reach USD 61.44 billion by 2030 with a CAGR of 14.09% during the forecast period. Technological advancements in display and hinge mechanisms are driving innovation in the foldable smartphones market, making devices more durable, efficient, and user-friendly. One of the most significant developments is the improvement in ultra-thin glass (UTG), which has replaced the earlier polymer-based foldable displays that were prone to creases and damage. UTG enhances screen flexibility while maintaining scratch resistance and clarity, offering a more refined user experience. Manufacturers are also focusing on increasing the refresh rate of foldable displays, with many new models featuring adaptive refresh rates up to 120Hz, ensuring smoother scrolling and gaming performance. Another major area of innovation is the hinge design, a critical component determining the longevity and reliability of foldable smartphones. Companies like Samsung have introduced sophisticated multi-gear hinge systems, allowing for precise movement and minimal wear over time.
Some manufacturers are also experimenting with water-resistant and dust-resistant foldable designs, addressing one of the key concerns that previously hindered mass adoption. Furthermore, advancements in OLED technology have led to thinner, more power-efficient screens with improved color accuracy and brightness levels. These innovations enhance battery life and overall device performance. The introduction of new materials, such as carbon-fiber-reinforced hinge components, has contributed to lighter and more durable foldable smartphones, making them more practical for everyday use.
Software advancements are optimizing the user experience, with manufacturers collaborating with operating system developers to ensure seamless transitions between folded and unfolded modes. Features such as multi-window functionality, app continuity, and enhanced split-screen modes are making foldable devices more functional for productivity and entertainment. As display and hinge technologies continue to evolve, foldable smartphones are expected to become more resilient, reducing concerns over wear and tear. This technological progress is crucial in convincing skeptical consumers to invest in foldable devices, further accelerating market growth.
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Based on the Mode, Inward
Fold segment held the largest Market share in 2024. The inward fold segment is
a major driver of the foldable smartphones market, fueled by advancements in
display technology, rising consumer demand for compact yet multifunctional
devices, and increasing investments from major smartphone manufacturers. The
segment is gaining traction due to its superior durability, seamless user
experience, and enhanced protection of the flexible display when folded.
Leading smartphone brands, including Samsung, Huawei, and Oppo, are actively
innovating inward-folding designs, integrating ultra-thin glass (UTG) and hinge
mechanisms that improve longevity and usability. The introduction of
high-refresh-rate foldable OLED panels, coupled with improved multitasking
capabilities and larger unfolded screen sizes, is driving consumer adoption.
Additionally, the growing demand for premium smartphones with enhanced
productivity features, particularly among professionals and tech enthusiasts,
is propelling market growth. The integration of 5G connectivity, powerful
chipsets, and optimized foldable UI experiences is further enhancing the appeal
of inward-folding devices. Price reductions and the expansion of production
capacity by display manufacturers are making these devices more accessible,
increasing their market penetration. Moreover, partnerships between smartphone
brands and app developers are optimizing software compatibility, enhancing the
foldable ecosystem. As durability concerns are addressed with better materials
and engineering, the inward fold segment is expected to witness significant
growth in the coming years.
Based on region, Asia-Pacific
is the fastest-growing region in the foldable smartphones market, driven by
rising consumer demand for advanced mobile devices, rapid 5G adoption, and
increasing disposable incomes. Countries like China, South Korea, and India are
at the forefront, with leading smartphone manufacturers such as Samsung,
Huawei, and Xiaomi investing heavily in foldable technology. China, the largest
smartphone market globally, is witnessing strong demand for premium devices,
supported by a tech-savvy population and favorable government policies
promoting innovation. South Korea, home to major display and smartphone
manufacturers, is driving advancements in foldable OLED technology, enhancing
device durability and performance. Meanwhile, India’s growing middle class and
increasing smartphone penetration create significant market opportunities.
Additionally, the region’s expanding e-commerce sector is making foldable
smartphones more accessible to a broader audience. Strategic partnerships
between telecom operators and smartphone brands are also accelerating market
adoption by offering bundled 5G plans. Moreover, ongoing improvements in
manufacturing efficiency and declining production costs are making foldable
devices more affordable, further fueling growth. With continuous product
innovation, strong demand for premium smartphones, and a rapidly expanding tech
ecosystem, Asia-Pacific is set to maintain its position as the fastest-growing
region in the foldable smartphones market.
Major companies operating in
the Global Foldable Smartphones Market are:
- Samsung Electronics Co. Ltd.
- Huawei Technologies Co. Ltd.
- Lenovo Group Limited
- Microsoft Corporation
- Sony Corporation
- Xiaomi Corporation
- Apple Inc.
- Vivo Mobile Communication
Co., Ltd.
- LG Electronics Inc.
- Oppo Co. Ltd.
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“The Global Foldable
Smartphones Market is expected to rise in the upcoming years and register a
significant CAGR during the forecast period. The foldable smartphones market is
poised for substantial growth, driven by rising consumer demand for premium,
high-performance devices, advancements in flexible display technology, and the
rapid expansion of 5G connectivity. Increasing disposable incomes and a
preference for larger, multitasking-capable screens are accelerating market
adoption. Strategic collaborations between smartphone manufacturers and display
technology providers are fostering innovation and product differentiation.
Additionally, the booming gaming and entertainment industry is driving demand
for foldable devices with enhanced visual experiences. Emerging markets in
Asia-Pacific and the Middle East present lucrative opportunities, while
improvements in durability and cost optimization strategies will further expand
consumer adoption. Therefore, the Market of Foldable Smartphones is expected to
boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“Foldable
Smartphones Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented, By Display Panel Type (Flip and Fold), By Mode (Inward
Fold and Outward Fold), By Distribution Channel (Online, Offline), By Region & Competition, 2020-2030F”,
has evaluated the future growth potential of Global Foldable Smartphones Market
and provides statistics & information on the Market size, structure, and
future Market growth. The report intends to provide cutting-edge Market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the Global Foldable Smartphones
Market.
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