There will be more foldable smartphones on the market, but not a flood

TrendForce predicts that the foldable smartphone market will reach 5% of the global smartphone market share by 2027, up from just 1.6% in 2023. This growth will be driven by a number of factors, including falling costs, increased availability, and new form factors.

One of the biggest drivers of growth will be the falling cost of foldable smartphones. As the cost of components, such as display panels and hinges, decreases, foldable phones will become more affordable for consumers. This will make them more accessible to a wider range of people, and will help to drive adoption.

Another driver of growth will be the increased availability of foldable smartphones. In recent years, we have seen a number of new manufacturers enter the foldable market, including Huawei, Oppo, and Xiaomi. This increased competition is driving down prices and making foldable phones more widely available.

Finally, the growth of the foldable smartphone market will also be driven by new form factors. In addition to the traditional foldable phone, we are also seeing the emergence of new form factors, such as rollable and foldable-clamshell phones. These new form factors offer a number of advantages over traditional smartphones, such as a larger screen without a bulky form factor.

Overall, TrendForce’s prediction is a positive sign for the foldable smartphone market. It suggests that foldable phones are becoming more affordable, more accessible, and more innovative. This is good news for consumers, as it means that we can expect to see more foldable phones on the market in the coming years.

In addition to the above, I would also like to add that the growth of the foldable smartphone market is also being driven by the increasing demand for smartphones with larger screens. Foldable phones offer a way to have a large screen without having to compromise on portability. This is appealing to consumers who want a phone that they can use for work, entertainment, and gaming.

I am excited to see how the foldable smartphone market develops in the coming years. I believe that foldable phones have the potential to revolutionize the way we use smartphones.