In 2021, global foldable mobile phone shipments (including clamshell and folding form factors) will total 7.1 million units, an increase of 264.3% over the same period last year. Shipments in 2020 were 1.9 million units. International data company IDC latest forecast that foldable mobile phone shipments will reach 27.6 million units in 2025, with a compound annual growth rate (CAGR) of 69.9% from 2020 to 2025.

According to IDC, the growth in foldable phone shipments in 2021 is largely due to the success of Samsung, the South Korean giant making waves in the market with its latest foldable flagship. The new design of the Flip3 has been favored by consumers for its compact foldable size (which fits in a pocket), a larger exterior screen, and most importantly, a price tag of only $999. The new Fold3 is also vastly improved, but still costs a lot more and is more of a niche product overall.
IDC said that despite the small market share, foldable products represent a significant opportunity for suppliers. From a consumer perspective, foldable phones represent the most innovative visual change to smartphones and are therefore a segment that suppliers cannot ignore. The commercial sector is also seeing foldables brought to market as replacements for phones and tablets.
Anthony Scarsella, research manager for IDC’s Worldwide Quarterly Phone Tracker, said: “Samsung has proven that consumers will have demand for foldable phones once the price is right and with a more stable structure. Thanks to its foldable devices, the Flip and Fold fill the gap. Samsung’s Galaxy Note blank while attracting new consumers. We’ve seen other vendors launch new foldables this year, and as the form factor becomes more popular, we expect more players to try out new foldables from Samsung Take market share from your hands.”
It’s worth mentioning, “While foldable devices don’t capture a huge market share with 7.1 million units shipped in 2021, they account for one-third of the premium ($1,000+) Android phone market. So, like 5G, foldable devices will soon become a signature and expected feature of the premium Android market,” said Nabila Popal, research director, Worldwide Quarterly Phone Trackers at IDC.




