Foldable Smartphone Shipments to Hit 19.8 Million in 2025, Says TrendForce
The smartphone industry is constantly evolving, with new technologies and designs being introduced every year. One of the latest trends in the market is the rise of foldable smartphones. According to TrendForce’s latest report, global foldable smartphone shipments are projected to reach 19.8 million units in 2025, with a stable market penetration rate of 1.6%. This is in line with the figures expected for 2024, indicating a steady growth in the market.
While the growth rate may have slowed down compared to earlier years, foldable phones are becoming an essential part of mid-to-high-end smartphone portfolios. Manufacturers are continuously enhancing their designs and expanding their offerings to cater to the growing demand for foldable smartphones.
The concept of foldable smartphones is not entirely new, with the first prototype being introduced back in 2011. However, it was not until 2019 that the first commercially available foldable smartphone was launched. Since then, several major smartphone brands have jumped on the bandwagon and released their own versions of foldable phones.
One of the main reasons for the increasing popularity of foldable smartphones is their unique design. These devices feature a flexible display that can be folded in half, allowing for a larger screen size without compromising on portability. This makes them a perfect choice for those who want a larger screen for multimedia consumption and multitasking, without having to carry a bulky device.
Moreover, foldable smartphones offer a seamless user experience, with the ability to switch between a phone and a tablet mode effortlessly. This is especially useful for professionals who need to work on the go and require a larger screen for tasks such as editing documents or presentations.
The demand for foldable smartphones is also driven by the growing trend of 5G technology. With the rollout of 5G networks, consumers are looking for devices that can support the high-speed connectivity and offer a superior user experience. Foldable smartphones are well-equipped to meet this demand, with most of them featuring 5G compatibility.
In addition to the technological advancements, the increasing competition in the smartphone market is also pushing manufacturers to invest in foldable smartphones. With the market becoming saturated with traditional smartphones, brands are looking for ways to stand out and offer something unique to consumers. Foldable smartphones provide them with an opportunity to do just that.
TrendForce’s report also highlights the key players in the foldable smartphone market. Samsung, Huawei, and Motorola are currently the top three brands in terms of market share. However, other brands such as Xiaomi, Oppo, and Vivo are also expected to enter the foldable smartphone market in the coming years.
The report also predicts that the average selling price of foldable smartphones will continue to decrease, making them more accessible to a wider range of consumers. This, coupled with the increasing demand for larger screens and advanced technology, is expected to drive the growth of the foldable smartphone market in the coming years.
In conclusion, the future looks bright for foldable smartphones, with a projected shipment of 19.8 million units in 2025. As manufacturers continue to innovate and improve their designs, we can expect to see more advanced and affordable foldable smartphones in the market. With their unique features and capabilities, foldable smartphones are set to become a core part of the mid-to-high-end smartphone portfolios, catering to the needs of tech-savvy consumers.