An estimated 15.9 million foldable telephones have been shipped final yr as per the most recent TrendForce report. The determine represents a 25% year-over-year rise and noticed foldables climb as much as a mixed 1.4% market share of all smartphone shipments. TrendForce suggests the low adoption price of foldables is principally pushed by their excessive value factors and sturdiness issues.
International foldable smartphone market share 2023-2024 (TrendForce)
Samsung continued its dominance because the main foldable smartphone vendor with a 66% share of the market however the determine dropped by over 17 proportion factors from 2022 values. Samsung’s snare of the foldable market is anticipated to drop all the way down to 60% in 2024.
Huawei got here in a distant second place at slightly below 12% market share because of robust demand for its foldables within the Chinese language market. TrendForce predict that Huawei could seize upwards of 20% of the foldable market in 2024. Xiaomi was the third main OEM when it comes to foldable shipments with a 5.4% market share.
Trying forward, TrendForce estimated 17.7 million foldable shipments in 2024 – which might characterize an 11% rise. Foldables are additionally estimated to achieve a 2% market share by 2025.
