New report predicts medium to long-term foldable market expansion and key growth drivers

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Foldable smartphone sales are predicted to continue growing over the next few years, reaching as 'much' as 5 percent of the entire market thanks primarily to Samsung and budget-focused Chinese brands.

Like the smartphone market as a whole, the fledgling foldable segment is being regularly tracked by various research firms, last

compared to the same quarter of 2022. Industry forecasts, of course, are a little trickier to put together and thus a slightly rarer sight... that we're happy to report on today. the evolution of this extremely volatile and unpredictable category, which currently makes up a very small portion of the world's total smartphone shipments. Namely, the 18.3 million foldables expected to be sold globally this year will apparently equate to a tiny 1.6 percent slice of the pie.

That number should leap to around 5 percent by 2027, which doesn't exactly sound impressive in the grand scheme of things. But it would represent roughly 70 million unit sales, which is not nothing either, making the aforementioned 18.3 million figure seem outright lilliputian.This year's predicted 18.3 million sales will be up 43 percent from 2022's tally, mind you, with another healthy boost of 38 percent expected in 2024 to a shipment total of 25.2 million units equating to 2.

TrendForce is not breaking down its"medium to long term" projection by each year after that, jumping straight to 2027 and rather vaguely claiming that the"expansion of the foldable smartphone market is inevitable."There are obviously several reasons why it's currently impossible to try to predict exactly how many foldables will be sold worldwide in 2025 or 2026, but perhaps chief among them remains what analysts are calling the"enigmatic juggernaut.

That sounds like a major potential problem for Samsung, which charges a whopping $1,800 and up for the

 

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