Global Foldable Smartphone Market Outlook to 2028 – Size, Share, Outlook and Opportunity Analysis

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DUBLIN, March 30, 2022–(BUSINESS WIRE)–The “Foldable Smartphone Market, by Feature Type, by Sales Channel and Region – Size, Share, Outlook and Opportunity Analysis, 2021-2028” report has been added to from ResearchAndMarkets.com offer.

Foldable smartphones use flexible plastic organic light-emitting diode (OLED) displays instead of glass, like Corning’s Gorilla Glass product. Plastic screens are certainly capable of withstanding the specified bend radius for a foldable smartphone, but they are more vulnerable to smudges and scratches than traditional glass smartphone screens.

Even though Corning produces a versatile glass product called willow glass, the company says its manufacturing process requires a salt solution, which makes it unsuitable for electronic displays because salt can damage the transistors used in OLED panels that are built directly on the panel. However, to overcome this problem, the process of developing a versatile glass suitable for smartphones has been started, which could have a thickness of 1 mm (0.039 inch) and a radius of curvature of 5 mm (0.20 inch).

The emerging development of the form factor in the global foldable smartphone market is expected to propel the growth of the market during the forecast period 2021-2028.

The foldable smartphone is basically determined by the design and appearance which can be changed to normal screen when unfolded. This component of foldable smartphone design and appearance is outstanding in advanced mobile phones which redirects buyer’s attention and attracts them to purchase.

The growth in disposable income and the increase in purchasing power of customers have driven portable devices such as the personal digital assistant market, including the foldable smartphone market. This foldable smartphone will be a trailblazer for the new era which is keen to test inventive products. User interface configuration is a notable factor in foldable smartphones. The development of foldable smartphones has not reached its peak yet due to high expenditure and low market entry. Another explanation for the limited development could be a damaged screen detailed by many customers after less use.

The frequent collapse of the screen tends to bend due to the constant tension on the screen and can hamper the plan and quality of the foldable smartphone. The foldable smartphone market is extremely competitive. For example, the prices of Xiaomi and Redmi foldable smartphones are much lower than those of Sony and Samsung. The flexibility of the folding frame which is important to maintain the appearance of the screen is also a decisive factor in reaching the buyer base. The foldable smartphone giants should focus on updating the durable screen which can avoid segmentation and offer maximum screen area with compact folding size.

Main characteristics of the study:

  • This study provides key insights into the market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players.

  • Major players operating in the foldable smartphone market include Huawei, Lenovo Group Ltd., LG Electronics, Microsoft, Motorola, Oppo Co. Ltd, Royole, Samsung, Sony, TCL, and Xiaomi.

  • These major market players are focusing on collaborative strategies with other industry leaders to innovate and develop new items to meet growing consumer needs and demands.

  • Marketers and business executives would be able to make informed decisions regarding future product releases, technology upgrades, market expansion, and marketing methods based on the results of this research.

Market segmentation

Global Foldable Smartphone Market, By Feature Type:

Global Foldable Smartphone Market, By Type of Sales Channel:

Global FTL and LTL shipping services market, by region:

Company Profiles

  • Huawei

  • Lenovo Group Ltd.

  • LG Electronics

  • Microsoft

  • Motorola

  • Oppo Co.Ltd

  • Royole

  • Samsung

  • sony

  • TCL

  • Xiaomi

For more information on this report, visit https://www.researchandmarkets.com/r/42oa68

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220330005527/en/

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