Although we saw several improvements to foldable smartphones since their origin, the market still feels juvenile. As enticing as it seems, the foldable phone market isn’t everyone’s bet, at least as of yet. Since the market currently only caters to the premium segment. Despite this, as per a report, over 7.1 million foldable devices were shipped in 2021. Isn’t that an impressive figure? Well, this figure is expected to increase by 2025(as per IDC).
According to Internation Data Corporation(IDC), the foldable smartphone market has seen significant growth. In 2020, a total of 1.9 million foldable phones were shipped. This number increased, rather more than tripled in 2021. As for the 2021 stats, the foldable market shipment grew by 264.3% making it a total of 7.1 million shipped devices.
These figures are expected to increase even further as the foldable technology advances and caters even the lower-range segment. IDC says that the foldable phones market will see a compound annual growth rate(CAGR) of 69.9% by 2025.
Samsung plays a major role in the growth of the foldable market as it has two different foldable offerings targeted towards two different markets. Currently, the company has its Galaxy Z Flip3 that offers a compact design while having foldable technology. On the other hand, the Z Fold3 eliminates the need for having a tablet by bringing a large form factor in a foldable phone.
Not just the looks, both devices come powered by the powerful Snapdragon 888 chipset. Both offer good cameras and start at a $999 price tag.
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