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Worldwide Foldable Phone Forecast, 2024–2028

Publisher IDC
Published Mar 13, 2024
Length 17 Pages
SKU # IDC18629848

Description

Worldwide Foldable Phone Forecast, 2024–2028


This IDC study presents our updated five-year forecast for foldable phone shipments worldwide. The worldwide foldable phone market will reach 25 million devices in 2024, up 37.6% from the 18.1 million units shipped in 2023. Total foldable shipments worldwide will reach 45.7 million units by 2028, resulting in a CAGR of 20.3% for 2023–2028."Foldables were a hard sell in 2023, as many vendors struggled to move significant inventory," said Anthony Scarsella, research director with IDC's Worldwide Quarterly Mobile Phone Tracker. "Our previous forecast had 2023 finishing with 20.4 million units but finished 11% short with only 18 million. Despite the 45% growth in the fourth quarter, the market has not fully embraced the form factor. High prices and longevity remain a challenge to both consumers and vendors. Price cuts, increased durability, and perhaps a certain brand joining the party could be the catalyst in the years to come."

Please Note: Extended description available upon request.

Table of Contents

17 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Foldable Phone Forecast
Forecast Comparison: Foldable Phones Versus Smartphones
Foldable Phones
Smartphones (Non-Foldable)
Forecast by Region
Foldable Phone ASP Forecast
Foldable Phone Value Forecast
Market Context
Drivers and Inhibitors
Drivers
Business Use
Apple Entering the Market
Inhibitors
Refresh Rates
Inflation
Significant Market Developments
Honor to Launch First Flip Device
Changes from Prior Forecast
Worldwide
Regional
Market Definition
Smartphone
Foldable Clamshell
Foldable Inward
Foldable Outward
Methodology
Primary Data Sources
Secondary Sources
IDC's Worldwide Quarterly Mobile Phone Tracker
Related Research

Pricing

Currency Rates
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