Foldable Smartphone Market Report and Forecast 2025-2034

The global foldable smartphone market size reached nearly USD 20.44 Billion in 2024. The market is projected to grow at a CAGR of 24.00% between 2025 and 2034 to reach a value of around USD 175.67 Billion by 2034.

Key Trends in the Market

A foldable smartphone refers to a type of smartphone which is made up of a flexible screen that folds in half. It provides a bigger display to the user in a smaller package.

• Foldable smartphones are gaining traction among users who value larger screens in a compact and pocketable form. Superior display, along with efficient multitasking facilities, offered by such smartphones is also driving the foldable smartphone market growth.
• Increasing product launches by leading market players aimed towards introducing foldable smartphones with powerful processors, enhanced camera resolution, and reduced thickness are expected to aid the market in the forecast period.
• Emergence of 5G technology, artificial intelligence, smart applications, and content delivery platforms are further expected to bolster the popularity of foldable smartphones as these phones can improve the viewing experience of users.
• The growing intensity of competition between smartphone manufacturing giants is likely to be a key foldable smartphone market trend in the coming years. Companies are developing foldable smartphones with more affordable prices, increasing their appeal among the middle-class population.

Global Foldable Smartphone Market Segmentation

The report titled “Foldable Smartphone Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Functionality Type

• Inward Fold
• Outward Fold

Market Breakup by Sales Channel

• Online
• Offline

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Foldable Smartphone Market Share by Sales Channel

Online channel accounts for a significant portion of the foldable smartphone market share. Online platforms allow users to analyse the features of a foldable smartphone and read reviews of other buyers. In addition, a buyer can browse through different types of foldable smartphones, use online expert reviews, and purchase the product at a low cost.

Over the forecast period, rapid digitalisation, the growing smartphone penetration, and the ease of availability of products are further heightening the sales of foldable smartphones from online sales channels.

Global Foldable Smartphone Market Share by Region

As per the foldable smartphone market analysis, the Asia Pacific is expected to robustly grow in the forecast period. A strong foothold of companies which have pioneered foldable smartphone technology, such as Xiaomi Inc. and Samsung, is driving the regional market growth.

The development of foldable smartphones with innovative features and the growing demand for premium smartphones are likely to fuel the market. During the forecast period, the launch of affordable foldable smartphones is expected to augment the foldable smartphone market demand.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global foldable smartphone market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Samsung Electronics Co. Ltd

Samsung Electronics Co. Ltd is a multinational electronics corporation which offers cutting-edge technology such as smartphones, tablets, televisions, and home appliances, among others. It was founded in 1969 and is headquartered in Suwon-Si, South Korea.

Huawei Technologies Co. Ltd.

Huawei Technologies Co. Ltd. is a leading electronics manufacturer which develops and sells products such as smartphones, personal computers, and wearables, among others. It was established in 1987 and is headquartered in Shenzhen, China.

Lenovo Group Ltd

Lenovo Group Ltd is a consumer electronics manufacturer which offers PC services, data centre services, asset recovery services, and smart edge solutions, among others. The company was founded in 1984 and is headquartered in Quarry Bay, Hong Kong.

Other market players include Google LLC, Microsoft Corporation, Xiaomi Inc., OPPO Mobile Telecommunications Corp., Ltd., ZTE Corporation, TECNO MOBILE LIMITED, and Royole Corporation, among others.