Foldable Smartphone Market To Reach $74.02 Billion By 2030

Foldable Smartphone Market Growth & Trends

The global foldable smartphone market size is estimated to reach USD 74.02 billion in 2030, growing at a CAGR of 13.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. There is a rising consumer appetite for innovative devices that offer unique features and functionalities. Foldable smartphones combine the compactness of traditional smartphones with the larger display area of tablets, appealing to users who desire versatility in their devices. This trend is particularly attractive to millennials and tech-savvy consumers who seek both style and functionality in their gadgets.

Technological advancements also play a crucial role in the growth of the foldable smartphone market. Improvements in flexible display technology have enabled manufacturers to create durable and high-quality foldable screens. As these technologies become more refined, they contribute to better user experiences, making foldable smartphones more appealing.

Additionally, the integration of features such as 5G connectivity enhances the usability of foldable devices, allowing for faster internet speeds and improved performance. Another significant factor driving demand is the increasing prevalence of phablets, which are larger smartphones that provide enhanced content consumption experiences. The popularity of social media and streaming services has led consumers to prefer devices with larger screens for multitasking and media viewing. Foldable smartphones cater to this demand by offering expansive displays that can be easily folded for portability.

Moreover, the competitive landscape is evolving, with various manufacturers introducing more affordable foldable options. As brands like Samsung and Huawei expand their product lines, they are also lowering prices, making foldable devices more accessible to a broader audience. This shift toward affordability is expected to attract consumers who may have previously viewed foldables as luxury items.

 Request a free sample copy or view report summary: Foldable Smartphone Market Report

Foldable Smartphone Market Report Highlights

• Europe is expected to grow with a CAGR of 14.1% over the forecast period from 2024 to 2030. European consumers are increasingly focused on sustainability and long-lasting products. Foldable smartphones, offering multi-functional use with larger screens and high durability, align with this trend, as they reduce the need for multiple devices and offer longer-term usability

• Based on functionality, foldable smartphones are expected to grow with a CAGR of 14.0% from 2024 to 2030. Foldable smartphones combine the benefits of both a large screen and a compact form. When folded, they fit easily in pockets or bags, making them portable while still providing a larger display when needed, satisfying consumers who want the best of both worlds

• Based on distribution channels, online sales are expected to grow at a CAGR of 14.5% from 2024 to 2030. Online platforms often offer a broader selection of foldable smartphones, including different models, colors, and configurations, which may not always be available in physical stores. This extensive availability allows consumers to compare and choose the perfect device

Foldable Smartphone Market Segmentation

Grand View Research has segmented the global foldable smartphone market on the basis of functionality, distribution channel, and region:

Foldable Smartphone Functionality Outlook (Revenue, USD Million, 2018 - 2030)

• Flip

• Fold

Foldable Smartphone Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Offline

Foldable Smartphone Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in Foldable Smartphone Market

• Samsung Electronics Co., Ltd.

• Huawei Technologies Co., Ltd.

• Motorola Mobility LLC

• Oppo Mobile Telecommunications Corp., Ltd.

• Xiaomi Corporation

• Honor Device Co., Ltd.

• OnePlus Technology (Shenzhen) Co., Ltd.

• Microsoft Corporation

• Google LLC

• Royale Corporation