Foldables to grow 50%

Posted on: 03/30/2023

In 2027, foldables are expected to hit 48.1 million units with a CAGR of 27.6% from 2022 to 2027.

After a 10% ASP drop, foldables’ sales grew 75.5% last year in an overall mobile phone market that decline 11%. This year foldables’ ASP is expected to drop a further 6.8%.

Foldable’s 50.5% unit rise this year contrasts with an expected 1.1% fall in the overall smarphone market.

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Worldwide Foldable Phone Shipments, Market Share, and 2022-2027 CAGR (shipments in millions of units)
Form Factor	2022 Shipments	2022 Market Share	2027 Shipments*	2027 Market Share*	2022-2027 CAGR*
Foldable	14.2	1.2%	48.1	3.5%	27.6%
Smartphone	1,191.6	98.8%	1,322.9	96.5%	2.1%
Total	1,205.8	100.0%	1,371.0	100.0%	2.6%
Source: IDC, Worldwide Foldable Smartphone Forecast, 2023–2027, March 2023.

Source: https://www.slw-ele.com/foldables-to-grow-50.html