Foldable smartphones use flexible, plastic organic light-emitting diode (OLED) displays instead of glass such as corning's gorilla glass product. Plastic displays are certainly capable of supporting the specified bend radius for a foldable smartphone, but they are more vulnerable to stains and scratches than traditional glass smartphone displays. Even though corning does produce a versatile glass product referred to as willow glass, the corporate states that, its manufacturing process requires a salt solution thus making it unsuitable for electronic displays as the salt can harm the transistors used in OLED panels which are built directly on the panel. However, to overcome this issue, the process of developing a versatile glass suitable for smartphones has initiated, which might be 1 mm (0.039 in) thick and have a 5 mm (0.20 in) bend radius.
The emerging development of form factor in global foldable smartphone market is expected to propel the market growth during the forecast period 2021-2028.
Foldable smartphone is fundamentally determined by design and appearance which can be changed to normal screen when unfolded. This foldable smartphone component of design and appearance is remarkable in advanced mobile phones which redirect the attention of purchaser and draws in them to purchase. The growth in disposable income and expanded buying power of customers has pushed the handheld devices such as personal digital assistant market including foldable smartphone market. This foldable smartphone will be a pioneer for new age which is excited about testing inventive products. The user interface configuration is noticeable factor in foldable smartphones. The foldable smartphone development has yet not achieved its top because of significant expense and low entrance to the market. Another explanation of restricted development could be damaged screen detailed by numerous clients after less utilization. The frequent collapsing of screen tend to bend because of steady tension on screen and can be hindering to the plan and quality of foldable smartphone. The market of foldable smartphones is extremely competitive. For instance, Xiaomi and Redmi foldable smartphone prices are much inferior to Sony and Samsung. The flexibility in folding framework which is important in maintaining the screen appearance is also a decisive factor in attaining the buyer base. Foldable smartphone giants should focus on updating the durable screen which can avoid segment formation and to deliver maximum screen area with compact folding size.
This report segments the global foldable smartphone market on the basis of functionality type, sales channel, and region. On the basis of functionality type, foldable smartphone market is segmented into inward fold and outward fold. By sales channel, the market is segmented into online and offline. Based on region, the market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Key features of the study:
New System Launch-
Samsung, based in South Korea is a multinational company which offers latest mobile phones, smart phones, tablets, smart watches and other mobile devices. For instance, in August 2021, Samsung Galaxy Z Fold 3 mobile was launched. The smartphone has a 7.60-inch touchscreen primary display with a resolution of 2208x1768 pixels at a pixel density of 374 pixels per inch (ppi). Furthermore, it also has a 6.20-inch touchscreen as its secondary display, with a resolution of 832x2268 pixels. The smartphone is powered by an octa-core processor. It features with 12GB of RAM. The Samsung Galaxy Z Fold 3 runs Android 11, operating system and is powered by a 4400mAh battery. The Samsung Galaxy Z Fold 3 supports proprietary fast charging.
“*” marked represents similar segmentation in other categories in the respective section.
*Browse market data tables and figures on ‘Foldable Smartphone Market – Global forecast to 2028’