The market for foldable phones is predicted to reach US$ 101,351.7 million by 2033, from an anticipated US$ 10,306.2 million in 2023. During the duration of the projection period, the usage of foldable phones is anticipated to grow at a CAGR of 25.7%.

The advent of 5G technology in smartphones, especially the new foldable devices, brings with it an enthralling array of possibilities. There would be not any jitters or other interruptions perceived by the users due to the higher speeds of network connectivity as well as lower latency leading to enhanced multimedia applications and more data-rich applications enjoying high rate bandwidth.

Another new emerging trend within the topic is convergence with other new technologies for example foldable phones. In turn, foldable devices may give rise to an assimilation with AR and VR technologies, providing users with immersive and interactive features. The use of new advanced biometrics, like under-display finger print sensors or facial recognition can increase the level of security and user comfort.

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The enterprise market carries possibilities that are just untapped. On the other hand, in the larger screen context multitasking and productivity for professionals foldable smartphones will be able to meet these requirements. Diverse industries like these that rely on a greater screen area and better user interfaces may greatly benefit from this.

Key Takeaways from the Foldable Phone Market:

  • By RAM capacity, 8 GB foldable phones accounted for 36.1% of all sales in 2022
  • Foldable phones in the price range of US$ 500-1500 accounted for 49.5% of all sales in 2022
  • By sales channel, hypermarkets/supermarkets account for nearly 13% of all foldable phones sales
  • Foldable phones measuring 8 inches and above to register the highest sales, expected to rise at a 34.1% CAGR
  • India to emerge as the largest hub for foldable phones, expected to document a 34.2% CAGR
  • Nearly 1/5th of all foldable phones sales are expected to flourish in the United States
  • China to register a CAGR of 22.1% with regard to foldable phones sales until 2033

Growth Drivers:

  • Innovation in display technology: Advancements in flexible and durable displays are making foldable phones more practical and appealing.
  • Enhanced user experience: The larger screen real estate enables multitasking, immersive gaming, and productivity-boosting features.
  • Premiumization and exclusivity: Foldables cater to a niche market seeking high-end devices with cutting-edge technology.
  • Growing demand for innovative gadgets: Consumers are increasingly interested in trying out new and exciting technologies.