What is Foldable Phone Market Scope?
Foldable phones are gaining prominence due to the advanced and enhanced ease of handling foldable smartphones. These devices deliver a more impressive experience for the users while reading, playing games, or watching videos. It also offers flexibility in terms of multitasking which indicates the rise of the foldable market. The foldable phone market is on rising due to the increasing needs of end-users. The ongoing commercialization of smartphones with foldable and flexible displays is fuelling the growth of the market. The foldable display is a highly flexible electronic display as compared to the traditional flat displays which were offered by the players. These are based on the flexible display technology which can be twisted, rolled, turned, and even folded as paper according to the need of the users. It is an upcoming technology that is revolutionizing the electronics industry due to the high requirement from smartphone manufacturers and the quick advancements in LED, OLED, and AMOLED displays.
The Foldable Phone market study is being classified by Type (LED, OLED, Flat, Flexible and AMOLED) and major geographies with country level break-up.
Global foldable phones market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Foldable Phone market throughout the predicted period.
Xiaomi Corp (China), Royole Corporation (United States), Samsung Electronics Co., Ltd (South Korea), Huawei Technologies (China), Motorola, Inc. (United States), LG Display Co., Ltd (South Korea), BOE Technology Group Co Ltd (China), Applied Materials, Inc. (United States), C3Nano (United States), Altenergy Power System, Inc. (United States), Visionox Technology (China), 3M (United States), Apple Inc. (United States), FUJIFILM Holdings Corporation (Japan), Huawei Technologies Co. Ltd (Japan), Microsoft (United States), Zeon Corporation (Japan), Nitto Denko Corporation (Japan), Schott NYC (United States), Solip Tech Co., Ltd (South Korea), Sumitomo Chemical Co., Ltd (Japan) and Tosoh Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Kaneka Corporation (Japan), Kateeva (United States), Konica Minolta Business Solutions U.S.A., Inc (United States), Semiconductor Energy Laboratory Co., Ltd (Japan) and Tianma Microelectronics Co., Ltd (China).
Analyst at AMA have segmented the market study of Global Foldable Phone market by Type, Application and Region.
On the basis of geography, the market of Foldable Phone has been segmented into .
Market Influencers and their development strategiesOn 1st of December,2020, Merck a leading science and technology company, announced partnership agreements with Optitune Oy, Oulu, Finland, and Solip Tech Co., Ltd., Daejeon, South Korea, to bring their first products under the new umbrella brand liviFlexTM to the flexible and foldable display market. liviFlexTM offers a new and wide range of display materials that address challenges in the manufacture of flexible, foldable, and rollable OLED displays, which are known as free-form displays.
In April 2019, Universal display corporation launched a phosphorescent organic LED to be used in premium smartphones. This LED can be used to make rollable and flexible smartphones. and In February 2019, Huawei announced its first foldable smartphone, the Mate X. The Mate X is about 11 mm thick when folded, and its display is on the outside, meaning that the bending radius of the display is roughly 5 mm.
Influencing Market Trend
- Huge Demand of New and Advanced Smartphones Displays
- Rising Smartphone Ownership
- Technological Advancements in OLED Display Technology
- Increasing Disposable Income & Spending Capacity
- Changing Display Technology and Quick Transformations
- Increased Research and Development by The Players
- High Cost Regarding Technology
- Incompatibility Issues of The Hardware and Software
- Technological Defects in The Existing Offerings
- Intense Competition Among the Players
Key Target AudienceManufacturers of Foldable Phone, Suppliers and distributors of Foldable Phone, Governmental and Regulatory bodies and End-Users
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Foldable Phone market expands?
The Global Foldable Phone market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Foldable Phone market?
The prominent players of Global Foldable Phone market are Xiaomi Corp (China), Royole Corporation (United States), Samsung Electronics Co., Ltd (South Korea), Huawei Technologies (China), Motorola, Inc. (United States), LG Display Co., Ltd (South Korea), BOE Technology Group Co Ltd (China), Applied Materials, Inc. (United States), C3Nano (United States), Altenergy Power System, Inc. (United States), Visionox Technology (China), 3M (United States), Apple Inc. (United States), FUJIFILM Holdings Corporation (Japan), Huawei Technologies Co. Ltd (Japan), Microsoft (United States), Zeon Corporation (Japan), Nitto Denko Corporation (Japan), Schott NYC (United States), Solip Tech Co., Ltd (South Korea), Sumitomo Chemical Co., Ltd (Japan) and Tosoh Corporation (Japan), to name a few.
3. What are the top priorities to focus for Foldable Phone marketís growth?
In this highly competitive & fast evolving Foldable Phone industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.