The global foldable smartphone market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period (2021-2027). One of the major factors that are contributing to the growth of new smartphone companies focusing on development of foldable smartphones. For instance, in April 2021, Apple won a patent for a future foldable iPhone with touch surfaces on the front, sidewalls & backside, granted by US Patent and Trademark Office officially. Apple holds the major share in the overall smartphone market, and most of the consumers prefer to be in the Apple ecosystem and can spend on expensive smartphones. Moreover, in March 2021, Google filed for a foldable smartphone patent that describes a flip phone, a dual-display tablet, and a multi-display book-like device. In July 2021, it is reported that Google’s foldable smartphone would come with 2nd generation display material known as Ultra-Thin Glasses (UTG), and inward fold design. Google’s smartphones are mostly popular for their stock android experience with the best camera processing. Similarly, in November 2021, OnePlus’s patent for a trifold foldable smartphone got released. The smartphone can be folded into a small smartphone, and when unfolding, it can be converted into a large tablet. OnePlus has been popular in the smartphone market for giving top specifications to consumers’ at the most affordable prices.
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Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Functionality Type
· By Distribution Channel
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape– Huawei Technologies Co. Ltd., Device Co., Ltd., LG Electronics Inc, Microsoft Corp, Motorola Mobility LLC, OPPO Co. Ltd., Royole Corp., Samsung Electronics Co. Ltd, TCL Corp, Xiaomi Corp, and others
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A full Report of Foldable Smartphone Market is Available at: https://www.omrglobal.com/industry-reports/foldable-smartphone-market
Global Foldable Smartphone Market Report by Segment
By Functionality Type
• Inward Fold
• Outward Fold
By Distribution Channel
• Online
• Offline
Regional Analysis
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
Company Profiles
· Apple Inc.
· Huawei Technologies Co. Ltd.
· LG Electronics Inc.
· Microsoft Corp
· Motorola Mobility LLC(Lenovo Group Ltd)
· OPPO Co. Ltd.
· Royole Corp.
· Samsung Electronics Co. Ltd.
· Sony Electronics Inc.
· TCL Corp
· Xiaomi Corp
· ZTE corp
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