What is the current market size and future outlook for the foldable smartphones market?
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 size is expected to see exponential growth in the next few years. It will grow to $66.26 billion in 2029 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to increasing adoption of remote and hybrid work models, growing demand for scalable and flexible IT solutions, integration of artificial intelligence for productivity enhancement, expansion of 5G networks enabling faster cloud access, and rising importance of data analytics for business insights. Major trends in the forecast period include expansion of multi-cloud strategies, emphasis on data privacy and compliance, integration of advanced collaboration platforms, development of industry-specific cloud solutions to address unique business needs, and a shift towards sustainable and energy-efficient cloud infrastructure.
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How has the foldable smartphones market evolved, and what factors have shaped its growth?
The increasing adoption of mobile gaming is expected to propel the growth of the foldable smartphone market going forward. The increasing adoption of mobile gaming is driven by widespread smartphone accessibility, improved internet connectivity, affordable data plans, advancements in mobile gaming technology, and a growing variety of engaging free-to-play games. Additionally, social gaming experiences and the convenience of on-the-go play further contribute to its rising popularity. Foldable smartphones enhance gaming experiences by offering larger, immersive screens that expand for an expansive view and then fold for portability and convenience. For instance, in September 2023, according to a report published by Video Games Europe (VGE), a Belgium-based organization representing the video game industry, the European gaming industry earned $24.5 billion in 2022, up 5% from the previous year. Mobile gaming accounted for 42% of this, with 68% of Europeans choosing mobile platforms, up from 63% in 2021. Therefore, the increasing adoption of mobile gaming will drive growth in the foldable smartphone market.
What are the major segments of the foldable smartphones market?
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 companies dominate the foldable smartphones market?
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
How will evolving trends contribute to the growth of the foldable smartphones market?
Major companies operating in the foldable smartphones market are developing hinge technology with multi-fold designs, such as tri-fold technology, to enhance user experience by offering larger displays in more compact devices, improving durability, and pushing the boundaries of design innovation. Tri-fold technology refers to a foldable display mechanism in which a single screen can fold at two different points, creating three distinct sections. For instance, in September 2024, Huawei Technologies Co., Ltd., a China-based technology company, launched the Mate XT Ultimate Edition, the world’s first tri-fold smartphone. It features a 10.2-inch foldable OLED screen that transforms from a 6.4-inch phone to a 10-inch tablet, along with a robust hinge system, 16 GB RAM, up to 1 TB storage, and a 5600mAh battery with 66W wired and 50W wireless charging. The device runs on HarmonyOS 4.2 and is available exclusively in China. The use of dual hinges with specialized inner and outer folds reflects a growing focus on foldable phones’ durability and seamless operation.
What are the key regional dynamics of the foldable smartphones market, and which region leads in market share?
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.
What Does The Foldable Smartphones Market Report 2025 Offer?
The foldable smartphones market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Foldable smartphones are mobile devices featuring flexible screens that can bend or fold, allowing the device to switch between compact and expanded form factors. These devices typically use advanced materials such as flexible OLED (Organic Light-Emitting Diode) displays, which can withstand repeated folding without damage. The main purpose of foldable smartphones is to offer a larger display experience, similar to a tablet, while maintaining the portability of a traditional smartphone.
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