The global foldable smartphone market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period (2021-2027). One of the major factors that are contributing to the growth of new smartphone companies focusing on development of foldable smartphones. For instance, in April 2021, Apple won a patent for a future foldable iPhone with touch surfaces on the front, sidewalls & backside, granted by US Patent and Trademark Office officially. Apple holds the major share in the overall smartphone market, and most of the consumers prefer to be in the Apple ecosystem and can spend on expensive smartphones. Moreover, in March 2021, Google filed for a foldable smartphone patent that describes a flip phone, a dual-display tablet, and a multi-display book-like device. In July 2021, it is reported that Google’s foldable smartphone would come with 2nd generation display material known as Ultra-Thin Glasses (UTG), and inward fold design. Google’s smartphones are mostly popular for their stock android experience with the best camera processing. Similarly, in November 2021, OnePlus’s patent for a trifold foldable smartphone got released. The smartphone can be folded into a small smartphone, and when unfolding, it can be converted into a large tablet. OnePlus has been popular in the smartphone market for giving top specifications to consumers’ at the most affordable prices.
Browse the full report description of "Global Foldable Smartphone Market Size, Share & Trends Analysis Report by Functionality Type (Inward Fold, and Outward Fold), and by Distribution Channel (Online, and Offline) Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/foldable-smartphone-market
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Functionality Type
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Huawei Technologies Co. Ltd., Device Co., Ltd., LG Electronics Inc, Microsoft Corp, Motorola Mobility LLC, OPPO Co. Ltd., Royole Corp., Samsung Electronics Co. Ltd, TCL Corp, Xiaomi Corp, and others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Foldable Smartphone Market Report by Segment
By Functionality Type
• Inward Fold
• Outward Fold
By Distribution Channel
• Online
• Offline
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North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa