Foldable Smartphone Market to Hit $174 Bn by 2031 Driven by Tech Advances & Premium Demand

Foldable smartphone market grows as innovative designs, premium features, and rising consumer demand reshape the future of mobile technology.

WILMINGTON, DE, UNITED STATES, November 26, 2025 /EINPresswire.com/ -- According to a new report published by Foldable Smartphone Market Size, Share, Competitive Landscape and Trend Analysis Report, by Display panel type (Flip, Fold), by Sales Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021 - 2031, The global foldable smartphone market was valued at USD 17.6 billion in 2021, and is projected to reach USD 174 billion by 2031, growing at a CAGR of 26% from 2022 to 2031.

The foldable smartphone market is transforming the global mobile landscape with its unique blend of compact design and expanded display capabilities. As consumer preferences shift toward multifunctional and immersive devices, foldable phones have gained traction due to their ability to offer both portability and enhanced screen real estate.

Major brands are accelerating innovation with advanced hinges, durable foldable displays, and high-end performance features. Increasing investments in flexible OLED technology and stronger product portfolios are expected to fuel market adoption among tech-savvy users and premium smartphone buyers.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.alliedmarketresearch.com/request-sample/A31849

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬
The market is primarily driven by rising demand for premium and innovative consumer electronics. Foldable smartphones offer a differentiated user experience, appealing to users who value seamless multitasking and immersive content consumption.

Technological advancements in display materials, such as ultra-thin glass and flexible OLED, are strengthening product durability and usability. These advances reduce earlier concerns related to screen fragility, contributing to higher consumer confidence.

Another major factor fueling growth is the increasing integration of high-end processing power, 5G connectivity, and enhanced camera systems in foldable models. This positions foldables as top-tier flagship devices rather than niche experiments.

However, high device costs remain a constraint, limiting adoption among price-sensitive consumers. Manufacturing complexities, hinge durability, and repair costs also pose challenges for manufacturers operating at scale.

Despite these challenges, growing production efficiencies and broader OEM participation are expected to make foldable smartphones more affordable, accelerating mass-market penetration in the coming years.

𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝘁𝗼 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.alliedmarketresearch.com/connect-to-analyst/A31849

𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄
The foldable smartphone market is segmented by type (in-fold, out-fold, clamshell), distribution channel, and price range. Clamshell designs currently dominate due to their compactness and lower price points, while in-fold designs lead the premium segment with larger displays and enhanced productivity features. Online retail channels are witnessing rapid growth as consumers increasingly prefer digital purchasing platforms.

Based on the sales channel, the online segment holds the largest share of the foldable smartphone market, as it offers greater convenience and saves time compared to offline channels. Moreover, the online segment is projected to grow at the fastest rate during the forecast period due to its ability to provide extensive search options and wide product comparisons across multiple brands.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
Region-wise, North America dominated the foldable smartphone market in 2021 and is expected to maintain this lead throughout the forecast period, driven by continuous technological advancements and the emergence of innovative business models. Meanwhile, Asia-Pacific is anticipated to register notable growth owing to the strong presence of major players such as Huawei, Lenovo, ZTE, and Xiaomi.

𝗙𝗼𝗿 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗜𝗻𝗾𝘂𝗶𝗿𝘆: https://www.alliedmarketresearch.com/purchase-enquiry/A31849

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
The key players profiled in the foldable smartphone market analysis are ASUSTeK Computer Inc, Huawei Technologies Co., Ltd, LG Electronics, Microsoft Corporation, Motorola Mobility LLC, Samsung, TCL Technology, Vivo Mobile Pvt Ltd, Xiaomi Corporation, and ZTE Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the foldable smartphone industry.

𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗦𝘁𝘂𝗱𝘆
• By display panel type, the flip segment accounted for the largest deception technology market share in 2021.
• Region wise, North America generated highest revenue in 2021.
• Depending on sales channel, the online segment generated the highest revenue in 2021.

𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆
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David Correa
Allied Market Research
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