Folding screen mobile phone shipments will reach 15.9 million units in 2023: Huawei ranks second and its share will double in 2024

Quick Technology reported on February 23 that according to the latest report from TrendForce, the shipment volume of foldable screen mobile phones last year was estimated to be 15.9 million units, a year-on-year increase of 25%. At this point, the market share of foldable screen phones in all smartphone shipments has climbed to 1.4%. According to TrendForce, the low adoption rate of foldable phones is mainly due to their high price and durability issues.

Global folding screen mobile phone market share (2023)

1. Samsung: 66.4%
2. It is expected to drop to 60.4% in 2024
3. Huawei: 11.9%
4. It is expected to increase to 20% in 2024
5. Xiaomi: 5.4%

Estimated market growth (2024-2025)

• 2024 shipments: 17.7 million units (Growth 11%)
• Market share in 2025: 2%

  

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