Isle of Man, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Foldable smartphones are phones with internet connectivity that have the aesthetic structure of foldable phones. Many structural and technological advancements have led to the foldable smartphone. Samsung is the company that is leading the market for foldable smartphones and smart devices. Being foldable is the prominent feature that sets these phones apart and adds to their cultural significance. This particular smartphone can bend, twist and fold at certain angles, adding to its compactness.
There is also a cultural aspect to foldable smartphones. Flip phones were all the rage back in the early 2000s, and hanging up on someone was much more tangible than it Is now. Companies have tried to recreate this feeling with foldable smartphones. However, there has been significant pushback against these foldable smartphones due to a stilted execution.
The COVID-19 pandemic caused several markets to shift negatively. The disruption of supply chains caused by the pandemic has led to many markets, like the foldable smartphone market being impacted poorly. There was also a shortage of significant components involved in foldable smartphone production, like chipsets which added to the negative take. China is the primary manufacturer of most components present in foldable smartphones, which lead to an intense negative impact during the pandemic.
One of the significant drivers of foldable smartphones is their portability and the large screen of tablets. Other drivers for the market include the rising demand for consumer electronics which comes from the escalating use of mobile devices for entertainment by all demographics. Entertainment purposes such as gaming and watching media all involve larger screens, leading to the rising adoption of foldable smartphones that provide much more screen area.
Major drivers that drive the market demand also include the introduction of OLED technology which allowed for the creation of foldable displays. There is also an increasing demand for miniaturized electronic devices, which might add to the overall sales of foldable phones. Having phones like these comes with making a statement. The Samsung fold series is one of the most expensive series that it has. Foldable phones are all about popular culture, and using one of these automatically elevates your perceivable status convincing consumers to buy this product.
Furthermore, the increasing market of foldable smartphones also has much to do with the demographic it caters to. Millennials and early Gen Z are aware of flip phones and their cultural hold. Both demographics have disposable incomes now that they can spend on getting the best smartphones. They are also more willing to spend on increasing living standards.
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Digital technologies are also constantly increasing due to an increase in urbanization. There is also a growth in digital transformation, due to which customers are now asking for better products. Additionally, developing countries also hold the potential for lucrative opportunities in market growth in the future.
Foldable smartphones are easily identified and categorized using their design and appearance. Increasing buying power amongst the global population increases market demand for such products. The foldable smartphone market is likely to rise as several issues, including high costs and fragile screens, are addressed.
Douglas Insights has one of the most extensive databases for market reports. In the report on the globally foldable smartphones market, the segments that stand out are display panel type, sales channel, geography, operating system, and geography. The Douglas Insights reports contain data from 2021 and 2022 up until 2027.
Douglas Insights' report provides a detailed overview of the foldable smartphone market and helps with an in-depth analysis of the upcoming market trends. Knowing this information is beneficial for any company/party on the fence about making an investment.
Additional information also includes a significant focus on key players and their interactions within the market. Information garnered about major players from Douglas Insights is essential in understanding the competitors' current response to market changes before investment or entry.
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Knowing market trends is crucial for predicting growth in the market. Information regarding trends in the past and future can help companies decide whether an investment is viable in the foldable smartphone market. Projections of the compound annual growth rate (CAGR) are essential in deciding how quickly a party should invest.
Browse to access an In-depth research report on Global Foldable Smartphone Market with detailed charts and figures: https://douglasinsights.com/foldable-smartphone-market
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Data around factors like significant growth drivers and challenges is critical in mapping the market's future. In the report, Douglas Insights includes drivers, challenges, opportunities, and restraints within the market. Having this report helps a company better control its share within the market. Any shifts in the industry or regulation can also impact the market demand making this information transformative.
There was also much brouhaha in all industries due to the suddenness of the COVID-19 pandemic. The report includes perspectives from prominent market analysts who can provide solutions and comments on risks, government regulations, and patent selection to help the market's growth linear if such an event arises again.
Additionally, the report includes information regarding significant stakeholders, competitors, and consumers. The recent reports contain information that will help you predict the market's pattern until 2027. Such information can help companies make rightful investments and plan their long-term goals.
The major companies involved in the market include Apple, Samsung Electronics, Huawei Technologies, Motorola Mobility, and Xiaomi.
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Countries Covered in the report are as below:
- North America - United States, Canada, and Mexico
- Europe - United Kingdom, Germany, France, Italy, Russia, Spain & Rest of Europe
- Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
- Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
- Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa
Segmentation Covered into Global Foldable Smartphone Market-
Chapter 5 Market Breakdown by Type of Folding Display
5.1 Introduction
5.2 Inward Fold Display
5.3 Outward Fold Display
Chapter 6 Market Breakdown by Operating System
6.1 Introduction
6.2 Android
6.3 iOS
6.4 Others
Chapter 7 Market Breakdown by Sales Channel
7.1 Introduction
7.2 Online Retailers
7.3 Offline Retailers
7.3.1 Hypermarkets/Supermarkets
7.3.2 Specialty Stores
7.3.3 Multi-brand Stores
Chapter 8 Market Breakdown by Age Group
8.1 Introduction
8.2 18-24 Age Group
8.3 25-34 Age Group
8.4 35-45 Age Group
8.5 45-56 Age Group
8.6 56+ Age Group
Chapter 9 Market Breakdown by Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Rest of the World
Key questions answered in this report
- COVID 19 impact analysis on global Foldable Smartphone industry.
- What are the current market trends and dynamics in the Foldable Smartphone market and valuable opportunities for emerging players?
- What is driving Foldable Smartphone market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the Foldable Smartphone market?
- Key growth pockets on the basis of regions, types, applications, and end-users
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Unique data points of this report
- Statistics on Foldable Smartphone and spending worldwide
- Recent trends across different regions in terms of adoption of Foldable Smartphone across industries
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)
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