According to Taiwan Economic Daily, the global foldable smartphone market has been actively promoted by Samsung, Huawei and other brand manufacturers, and sales have increased year by year in recent years. The latest report of the research institute DSCC predicts that the total global sales of folding mobile phones will exceed the 10 million mark for the first time this year, reaching 17.5 million.
Industry insiders have analyzed that folding mobile phones have the advantages of large screens and differentiated appearance, and the terminal price has dropped a lot compared with the past, which is deeply loved by consumers and has become a new battlefield for various brand manufacturers to actively invest. In addition to Samsung and Huawei, which have already entered the game, it is reported that major manufacturers such as Apple and Google are also actively developing folding mobile phones.
According to the report, Samsung had a market share of 90% of the global folding mobile phones last year, and the main models were Galaxy Z Fold3 and Galaxy Z Flip3. This year, Samsung is likely to launch new folding mobile phones, plus Huawei, Google and other manufacturers have launched new models. With the plan of folding mobile phones, the overall market size is expected to rise further.
The legal person believes that the penetration rate of the folding mobile phone market will continue to expand this year. Although the total shipment volume is still far from the average smartphone, the annual growth rate is astonishing. It is expected that in the next three to five years, there will be business opportunities in the folding mobile phone market. It is likely to be dozens of times higher than it is now.