Foldable Smartphone Market

WILMINGTON, DE, UNITED STATES, July 4, 2024 /EINPresswire.com/ -- The foldable smartphone market was valued at $17.6 billion in 2021, and is estimated to reach $174 billion by 2031, growing at a CAGR of 26% from 2022 to 2031.

The fold segment is expected to experience fastest growth in the coming years, owing to large-screen tablet combined with the portability of a smartphone, growth in demand for advanced consumer electronics combined with high adoption in entertainment and gaming industries”.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/A31849

Foldable smartphones are featured on flexible screen technology that can be twisted and folded like paper. In addition, a flexible screen is an emerging technology and it is expected to modernize semiconductors and electronics shortly. This is due to the high demand for foldable screens from smartphone manufacturers and rapid innovations in OLED and AMOLED technologies. These are the various foldable screens developed by companies such as Samsung Electronics, LG, Visinox, and Huawei with different specifications on pixel density, thickness, and material used.

Furthermore, an increase in demand for advanced consumer electronics and a growing number of internet users is boosting the growth of the foldable smartphone market. In addition, the rising demand for Phablet positively impacts the growth of the foldable smartphone market. However, the high cost of advanced technology and manufacturing complexity of foldable displays is hampering the foldable smartphone industry growth. On the contrary, expanding the product portfolio of smartphone vendors is expected to offer remunerative opportunities for expansion during the foldable smartphone market forecast.

Purchase Enquiry: https://www.alliedmarketresearch.com/request-sample/A31849

Region-wise, the foldable smartphone market size was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to technological advancements and the emergence of new business models. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the presence of leading players such as Huawei, Lenovo, ZTE, and Xiaomi.

The key players profiled in the foldable smartphone market analysis are ASUSTeK Computer Inc, Huawei Technologies Co., Ltd, LG Electronics, Microsoft Corporation, Motorola Mobility LLC, Samsung, TCL Technology, Vivo Mobile Pvt Ltd, Xiaomi Corporation, and ZTE Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the foldable smartphone industry.

Trending Reports:
Refurbished and Used Mobile Phones Market: https://www.alliedmarketresearch.com/request-sample/A53443
Mobile Value-Added Services Market: https://www.alliedmarketresearch.com/request-sample/A27920
Mobile Biometrics Market: https://www.alliedmarketresearch.com/request-sample/A16972
Mobile BI Market: https://www.alliedmarketresearch.com/request-sample/2341

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X

What Sets Us Apart ? - Allied Market Research

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.