The folding screen smartphone market is predicted to be even more in demand in the future in 2027 to be exact. According to an IDC report, shipments of folding screen cellphones can penetrate 48.1 million units in 2027.
IDC’s new report sees foldable smartphones gaining a combined market share of 3.5% in 2027, better than 2022’s 1.2%. It is also predicted that the folding smartphone market share in 2017 will be worth USD 42 billion or IDR 629.2 trillion within 4 years.
The rest is controlled by regular smartphone models, with a percentage of 96.5%. Meanwhile, according to the IDC report in 2023, it is predicted that smartphone shipments will reach 21.4 million units with ASP or a lower average selling price.
quoted The telephone from GSM Arena on Friday (31/03/2023), another influencing factor is the better durability of folding smartphones, as well as the many new releases from various brands.
Actually, the prediction that folding screen smartphones are selling well in the market is not something new. Beginning in 2023, Digital Supply Chain Consultants (DSCC) estimates that sales of foldable smartphones in 2023 will increase sharply.
Digital Supply Chain Consultants certify that the shipment smartphone will increase in 2023 with figures reaching 17 million units.
However, Digital Supply Chain Consultants did not specify the potential market for folding cell phone sales. Apart from that, shipments of Samsung foldable phones during the third quarter of 2022 were as expected. A total of 5.2 million units were sold in recent months.
Plus more and more players are joining the category foldable smartphone. Enthusiasts will have more choices than just Samsung products in the segment. Moreover, other brands in the segment, such as Oppo, Xiaomi, Vivo and Motorola will experience a strengthening presence in the foldable cellphone market.
So let’s just wait for the next few years, whether the predictions regarding folding smartphone sales are correct or vice versa. [NM/HBS]