Strategy Analytics: Global Foldable Smartphone Shipments to Hit 100 Million by 2025
BOSTON--(BUSINESS WIRE)--Feb 10, 2020--
According to the latest research from Strategy Analytics, global foldable smartphone shipments will grow from under 1 million units in 2019 to 100 million by 2025. Samsung, Huawei and others lead the way. High pricing, low display-yields and questionable durability are holding back the foldables market today, but those problems will be solved in the long-term.
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Global Foldable Smartphone Shipments Forecast in 2019 to 2025; Numbers are rounded. (Graphic: Business Wire)
Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, said, “We forecast global foldable smartphone shipments will grow strongly from under 1 million units in 2019 to 100 million by 2025. Foldables will be the fastest-growing segment of the premium smartphone market for the next decade.”
Neil Mawston, Executive Director at Strategy Analytics, added, “Foldables pack a big screen into a small design. Consumers can surf rich content, like video, on a large display, and then fold the device away neatly into a pocket or bag.”
Ken Hyers, Director at Strategy Analytics, added, “Samsung was the world’s number one foldable smartphone vendor in 2019, followed by Huawei in second place. Samsung is top in Western regions, like the US, while Huawei is focusing on its home market of China. Rival brands, such as Motorola and TCL, will deliver their own new models in 2020 and look to grab a slice of the foldables pie. By 2025, every major player should have a foldables portfolio, including Apple.”
Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, added, “For now, the foldables industry has several hurdles to overcome, including very high pricing, low yields of bendable displays, and questionable durability about whether the hinges or screens will last for more than a few months. However, the technical problems for foldables are not unsolvable, and we expect the issues to be addressed in the coming years.”
The full report, Foldables to Hit 100 Million by 2025, is published by the Strategy Analytics Emerging Device Technologies (EDT) service, details of which can be found here: https://tinyurl.com/uclx8u9.
About Strategy Analytics
Strategy Analytics is a global, independent research and consulting firm. The company is headquartered in Boston, USA, with offices in the UK, France, Germany, Japan, South Korea, Taiwan, India and China. Visit www.strategyanalytics.com for more information.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200210005345/en/
CONTACT: Americas Contact:
Ken Hyers / +1 617 614 0757 / [email protected] Contact:
Neil Mawston / +44 1908 423 628 /[email protected] Contact:
Ville-Petteri Ukonaho / +44 1908 423 6634 / [email protected]
KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CONSUMER ELECTRONICS RETAIL TECHNOLOGY AUDIO/VIDEO MOBILE/WIRELESS SPECIALTY HARDWARE
SOURCE: Strategy Analytics
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PUB: 02/10/2020 05:02 AM/DISC: 02/10/2020 05:02 AM