Counterpoint Research, a market research company, has released a report on the foldable smartphone market for the year 2024. The overall market saw a modest growth of 2.9% compared to 2023. While many manufacturers of foldable smartphones experienced high double or triple-digit growth, market leaders Samsung and OPPO witnessed a significant decline in revenue due to reduced orders and production cuts.
Noteworthy players in the mobile industry that showed remarkable growth in the past year include Huawei, Motorola, HONOR, and Xiaomi. Analyst Jene Park from Counterpoint mentioned that the foldable smartphone market in 2025 will face significant challenges, with an expected negative growth for the first time at the single-digit level. However, this is not seen as a long-term negative trend, as the market is projected to experience a significant resurgence in 2026 due to advancements in foldable display technology. Additionally, there are speculations that Apple may introduce a foldable iPhone next year.
TLDR: Counterpoint Research report shows modest growth in the foldable smartphone market in 2024, with market leaders experiencing revenue declines while upcoming players show promising growth potential. The market is anticipated to face challenges in 2025 but is expected to bounce back strongly in 2026 with innovative display technologies driving growth. Apple might launch a foldable iPhone in the near future.
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