![]() Source: IDC, Worldwide Foldable Smartphone Forecast, 2023–2027, March 2023. Worldwide Foldable Phone Shipments, Market Share, and 2022-2027 CAGR (shipments in millions of units) With new vendors and models joining the race this year, we expect the foldable market to be the one bright spot in 2023 with 50.5% growth, while the total smartphone market contracts 1.1%." "A 10% decline in ASP helped the market grow 75.5% in 2022, as foldable devices became more affordable in numerous markets. "The foldable phone market finished slightly higher than previously forecast as consumers start to embrace the new form factor," said Anthony Scarsella, research manager, Mobile Phones at IDC. More models from both new and current vendors are expected to bring further improvements and enhancements to the category to help drive continued adoption. Despite the expected drop in ASP (-6.8% in 2023), IDC has witnessed vast improvements in durability and build while the overall user experience has been elevated with advancements in software and hardware across all vendors. Although average selling prices (ASPs) are dropping slightly, foldables remain in the premium price segments in all regional markets. ![]() ![]() This segment's recent success and forecast growth highlight a healthy demand for this growing form factor. An updated IDC forecast projects that foldable phone shipments will reach 48.1 million units in 2027 with a compound annual growth rate (CAGR) of 27.6% from 2022 to 2027.įoldable phones remain the one positive talking point in a market that declined more than 11% in 2022. This represents an increase of more than 50% over the 14.2 million units shipped in 2022. Ma– International Data Corporation ( IDC) expects worldwide shipments of foldable phones, including flip and fold form factors, to reach 21.4 million units in 2023.
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