A new report says that shipments of foldable phones are expected to reach 27.6 million units in 2025, with a compound annual growth rate (CAGR) of 69.9 percent. International Data Corporation (IDC) estimates that foldable phones will reach a market value of $29 billion in 2025. Worldwide shipments of foldable phones, including both Flip and Fold form factors, reached a total of 7.1 million units in 2021 – an increase of 264.3 percent compared to 1.9 million units shipped in 2020.
The growth in 2021 can largely be attributed to Samsung’s The recent breakthrough comes as the Korean giant made waves in the market for its latest foldable flagship, the report said. “The recent success of Samsung’s foldable devices has given new life to the category as competitors race to enter the market,” said Anthony Scarsella, research manager for IDC’s Worldwide Quarterly Mobile Phone Tracker.
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“Thanks to their foldable devices, the Samsung Galaxy Z Flip and Galaxy Z Fold make up for Samsung’s lack of Galaxy Note while attracting new consumers to the brand,” said Scarsella. The Flip 3’s new design was a winner thanks to consumers. It has a compact folding size (pocketable), large second display and most importantly, it has a price of $999.
The new Fold 3 has also seen extensive improvements, but costs a lot and is a niche product overall. Despite their small market share, foldables represent a major opportunity for vendors. Foldables have also been seen as a replacement for both phones and tablets in the commercial segment.
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“We’ve seen other vendors launch new foldables this year, and we expect more players to try to take a stake from Samsung as the form factor grows in popularity,” IDC said.
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