Global Foldable Phones Market to See CAGR of 24.6% from 2019 to 2025


Reading time ( words)

The global foldable phones market is expected to witness a CAGR of 24.6% from 2019 to 2025. Advent of nascent technology attracting the target demographic is expected to drive the market growth over the forecast period. Moreover, advantages over existing technologies in the market will propel the market growth in the coming years.

Foldable phones are at the forefront of smartphone technology set to be commercialized in the year 2019. Combining the attributes of a large-screen tab with the portability of smartphones is expected to attract the customer base. New entrants, such as Samsung and Huawei will set the trend of this new technology and solidify their position in the market. Major players are anticipated to enter the market by the year 2020. Foldable phones have high cost; therefore, an economic version is likely to flood the market in the coming years. Additionally, new folding technology is also anticipated to enter the market over the forecast period, for instance, Apple, Inc. has patented its folding phone with a hinge heating technology to protect it from damage incurred in use overtime.

Outwards Segment: the Fastest CAGR from 2019 to 2025

Based on folding technology, outwards segment is anticipated to register the fastest CAGR from 2019 to 2025. This can be attributed to the wedge problem faced in the inward folding smartphones. Smartphone with inward folding screen, such as the Samsung Galaxy Fold experiences a wedge formation in the middle of the screen. However, the outwards folding smartphones, for instance, the Huawei Mate X folds outwards generate less pressure on the screen. This results in minimal curve formation on the screen. 

Foldable Phones - Regional insight

Asia-Pacific is expected to hold the largest share of the market over the forecast period. Rise in per capita income of the target demographic of this region is anticipated to drive the market growth in the coming years. Moreover, decrease in the cost of these devices due to presence of ubiquitous electronics manufacturing units in this region is expected to drive the market growth over the forecast period. Additionally, presence of key players in this region is expected to give impetus to the market growth from 2019-2025.

Share

Print


Suggested Items

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.



Copyright © 2019 I-Connect007. All rights reserved.