SEOUL & NEW DELHI & HONG KONG & LONDON & BEIJING & SAN DIEGO & BUENOS AIRES–(Business enterprise WIRE)–Might 26, 2022–
Regardless of a weak economic climate, the world foldable smartphone sector quantity managed to grow 111.2% YoY to 1.5 million models in Q1 2022, in accordance to the latest analysis from Counterpoint’s Worldwide Foldable Smartphone Tracker. This cargo progress was mainly driven by the revenue expansion of Samsung’s Galaxy Z Flip 3 and Z Fold 3, which have been released final year and proved to be a groundbreaker in foldable income.
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Worldwide Foldable Smartphone Marketplace Share by Manufacturer, Q1 2021 vs Q1 2022 (Graphic: Small business Wire)
Foldable smartphone launches in 2021 by Chinese manufacturers this kind of as OPPO, Huawei and HONOR, which mostly entered the sector in Q4 2021, also aided the advancement of the international foldable current market in Q1 2022.
According to Counterpoint’s newest foldable smartphone current market forecast, the current market will grow 84% YoY in 2022 to achieve 17 million models in gross sales, and about 30 million in 2023.
Commenting on the foldable industry dynamics, Senior Analyst Jene Park reported, “New foldable smartphone versions from Chinese models are centered on the home industry so much. Hence, Samsung’s foldable smartphone leadership is not predicted to be shaken this 12 months. However, from 2023, when Chinese OEMs are expected to expand into the world foldable market, full-scale opposition could be noticed in several markets.”
Park extra, “The foldable smartphone is a technologies-intensive solution that requires the specialized perfection of hinges and the foldable screen. The degree of body weight reduction and battery effectiveness is also essential. So, it is not uncomplicated to enter the market other than for big world wide OEMs. Although the opposition is predicted to intensify from 2023, the range of members is expected to be constrained.”
Counterpoint Technology Industry Investigate is a world exploration firm specializing in products in the TMT (know-how, media, and telecom) market. It products and services major engineering and fiscal firms with a mix of month to month reviews, customized assignments, and in depth analyses of the mobile and technology markets. Its essential analysts are seasoned industry experts in the higher-tech business.
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Supply: Counterpoint Analysis
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