Press release
Foldable Smartphones Market 2024-2033 - Size, Growth, Trends & Competitive Landscape
Foldable Smartphones Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19067&type=smp
According to The Business Research Company's, The foldable smartphones market size has grown exponentially in recent years. It will grow from $20.69 billion in 2023 to $25.1 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to growing consumer demand for larger screens in compact devices, improvements in hinge mechanisms, expansion of 5G networks enhancing mobile experiences, increasing investment in research and development, and competitive differentiation among smartphone manufacturers.
The foldable smartphones market size is expected to see exponential growth in the next few years. It will grow to $54.65 billion in 2028 at a compound annual growth rate (CAGR) of 21.5% The growth in the forecast period can be attributed to increasing adoption of remote and hybrid work models, growing demand for scalable and flexible IT solutions, integration of artificial intelligence for productivity enhancement, expansion of 5G networks enabling faster cloud access, and rising importance of data analytics for business insights. Major trends in the forecast period include expansion of multi-cloud strategies, emphasis on data privacy and compliance, integration of advanced collaboration platforms, development of industry-specific cloud solutions to address unique business needs, and a shift towards sustainable and energy-efficient cloud infrastructure.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/foldable-smartphones-global-market-report
Market Drivers and Trends:
The increasing adoption of mobile gaming is expected to propel the growth of the foldable smartphone market going forward. The increasing adoption of mobile gaming is driven by widespread smartphone accessibility, improved internet connectivity, affordable data plans, advancements in mobile gaming technology, and a growing variety of engaging free-to-play games. Additionally, social gaming experiences and the convenience of on-the-go play further contribute to its rising popularity. Foldable smartphones enhance gaming experiences by offering larger, immersive screens that expand for an expansive view and then fold for portability and convenience. For instance, in September 2023, according to a report published by Video Games Europe (VGE), a Belgium-based organization representing the video game industry, the European gaming industry earned $24.5 billion in 2022, up 5% from the previous year. Mobile gaming accounted for 42% of this, with 68% of Europeans choosing mobile platforms, up from 63% in 2021. Therefore, the increasing adoption of mobile gaming will drive growth in the foldable smartphone market.
Major companies operating in the foldable smartphones market are developing hinge technology with multi-fold designs, such as tri-fold technology, to enhance user experience by offering larger displays in more compact devices, improving durability, and pushing the boundaries of design innovation. Tri-fold technology refers to a foldable display mechanism in which a single screen can fold at two different points, creating three distinct sections. For instance, in September 2024, Huawei Technologies Co., Ltd., a China-based technology company, launched the Mate XT Ultimate Edition, the world's first tri-fold smartphone. It features a 10.2-inch foldable OLED screen that transforms from a 6.4-inch phone to a 10-inch tablet, along with a robust hinge system, 16 GB RAM, up to 1 TB storage, and a 5600mAh battery with 66W wired and 50W wireless charging. The device runs on HarmonyOS 4.2 and is available exclusively in China. The use of dual hinges with specialized inner and outer folds reflects a growing focus on foldable phones' durability and seamless operation.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Sony Corporation, Lenovo Group, HP Inc., Vivo Communication Technology Co. Ltd., Xiaomi Corporation, OPPO Electronics Corporation, BOE Technology Group, TCL Technology Group Corporation, ZTE Corporation, Honor Device Co. Ltd., Schott AG, OnePlus Technology Co. Ltd., Meizu Technology Co. Ltd., HTC Corporation, Royole Corporation, Tecno Mobile Limited, Infinix Mobile, Tianma Microelectronics, Visionox, Nubia Technology Co. Ltd., Realme Technology
Foldable Smartphones Market 2024 Key Insights:
• The foldable smartphones market size is expected to see exponential growth in the next few years. It will grow to $54.65 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%
• Increasing Smartphone Adoption In Gaming Set To Boost Foldable Smartphone Market Growth
• Rise Of Tri-Fold Smartphones For Enhanced User Experience
• Asia-Pacific was the largest region in the foldable smartphones market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19067&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Foldable Smartphones Market 2024-2033 - Size, Growth, Trends & Competitive Landscape here
News-ID: 3722230 • Views: …
More Releases from The Business research company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Smartphone
Surge In Smartphone Adoption Propels Growth In The Smartphone Processor Market: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Smartphone Processor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for smartphone processors has experienced quick expansion in the past few years. It is projected to balloon from $23.33 billion in 2024 to $26.43 billion in 2025, boasting a compound annual growth…
Leading Growth Driver in the Smartphone Processor Market in 2025: Surge In Smart …
Which drivers are expected to have the greatest impact on the over the smartphone processor market's growth?
The anticipated expansion of the smartphone processor market is predicted to be influenced by the rising global popularity of smartphones. It has been observed that younger generations worldwide have been adopting smartphones at a faster pace. For instance, a study from Cybercrew, a UK company specializing in cybersecurity solutions for businesses of varying sizes,…
India Smartphone Market
Anticipated Growth in Revenue:
The India Smartphone Market was valued at USD 169.72 Bn in 2023 and is expected to reach USD 341.40 Bn by 2030, at a CAGR of 10.5 % during the forecast period
India Smartphone Market Overview:
The India smartphone market is one of the fastest-growing in the world, driven by a large and young population, increasing internet penetration, and the rise of affordable smartphones. With a shift toward digitalization…
SMARTPHONE MARKET IN CHINA INTRODUCTION, CHINA SMARTPHONE SHIPMENTS AND USERS, C …
Smartphone Market in China
As the largest market in the world, mainland China remains among the fastest-growing nations in smartphone industry. This report provides OMR's updated statistics and predictions for smartphone market in China based on a summary of OMR independent research and a filtration of comparative data from third-party sources. An overview of the global smartphone market is also included. Historical data covers 2009-2014 period which was projected over the…
Mobile Phone (Smartphone) LED Market - Rising Smartphone Average Costs Along Wit …
Mobile phone LEDs are used as small illumination source for various purposes such as backlight display, camera flash and keypad illumination. Display panels are the surfaces used for display and control components which acts as the direct interface for the human/machine interaction.
LED applications in mobile phones have expanded over the years. Conventional mobile phone application field mainly include keyboard backlighting and displays. Over the years, the smartphone shipments have grown…
Smartphone Trends In Asia: The Rise Of Domestic Brands In Southeast Asias Smartp …
Summary
Domestic mobile handset manufacturers are rapidly gaining a strong foothold in Southeast Asian countries with their feature-rich devices at much more affordable prices compared global vendors such as Apple, Samsung and Microsoft. Domestic smartphone vendors have enjoyed significant success in the Philippines and Indonesia on the back of low-cost devices accompanied with offers on entertainment and social media content and applications. Filipino vendor Cherry Mobile offers 4G mobile at $299,…
