How the Foldable Smartphones Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theFoldable Smartphones Market?
The growing popularity of mobile gaming is predicted to support the foldable smartphone market. With better connectivity, innovative games, and mobile accessibility, more users are gaming on-the-go. Foldable smartphones offer larger screens for immersive play and are easily portable. Video Games Europe noted in September 2023 that the European gaming market earned $24.5 billion in 2022, with mobile platforms accounting for 42%, and 68% of users preferring mobile play, up from 63% in 2021. Therefore, mobile gaming is boosting the foldable smartphone market.
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#What is the Projected CAGR for the Foldable Smartphones Market Size from 2025 to 2034?
The foldable smartphones market size has grown exponentially in recent years. It will grow from $25.1 billion in 2024 to $30.55 billion in 2025 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to growing consumer demand for larger screens in compact devices, improvements in hinge mechanisms, expansion of 5G networks enhancing mobile experiences, increasing investment in research and development, and competitive differentiation among smartphone manufacturers.
The foldable smartphones market is expected to grow to $66.26 billion by 2029, at a CAGR of 21.4%. This growth is driven by the adoption of remote and hybrid work models, demand for flexible IT solutions, artificial intelligence integration, the expansion of 5G networks, and the importance of data analytics. Trends include multi-cloud strategies, enhanced data privacy, and sustainable infrastructure.
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What Key Market Trends and Innovations Are Shaping the Future of theFoldable Smartphones Industry?
Companies in the foldable smartphones market are innovating hinge technology for multi-fold designs, such as tri-fold technology, to enhance user experience. In September 2024, Huawei Technologies from China launched the Mate XT Ultimate Edition, the world’s first tri-fold smartphone, which features a 10.2-inch foldable OLED screen that transforms into a tablet. The device includes a robust hinge system and boasts 16 GB RAM, up to 1 TB storage, and a 5600mAh battery.
Which Companies Are Leading the Charge in Expanding theFoldable Smartphones Market Growth?
Major companies operating in the foldable smartphones market are Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Sony Corporation, Lenovo Group, HP Inc., Vivo Communication Technology Co. Ltd., Xiaomi Corporation, OPPO Electronics Corporation, BOE Technology Group, TCL Technology Group Corporation, ZTE Corporation, Honor Device Co. Ltd., Schott AG, OnePlus Technology Co. Ltd., Meizu Technology Co. Ltd., HTC Corporation, Royole Corporation, Tecno Mobile Limited, Infinix Mobile, Tianma Microelectronics, Visionox, Nubia Technology Co. Ltd., Realme Technology
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How is the Global Foldable Smartphones Market Segemented?
The foldable smartphonesmarket covered in this report is segmented –
1) By Type: Inward Fold, Outward Fold
2) By Operating Type: Android, iPhone Operating System (iOS), Other Operating Types
3) By Random Access Memory (RAM): 16GB, 12GB, 8GB
4) By Sales Channel: Online, Offline
Subsegments:
1) By Inward Fold: Clamshell Design, Tablet-To-Smartphone Design, Multi-Display Inward Fold, Dual-Screen Inward Fold, Flexible OLED Inward Fold
2) By Outward Fold: Book Design, Rollable Design, Flexible Screen Outward Fold, Dual-Screen Outward Fold, Multi-Display Outward Fold
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Which Geographics are Influencing the Growth of the Foldable Smartphones Market?
Asia-Pacific was the largest region in the foldable smartphones market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the foldable smartphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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