Flip phones have been around for a few years, but their shipments are nowhere near the level of traditional bar smartphones.up to date IDC The report forecasts healthy growth in foldable shipments this year, with an estimated 48.1 million flip-and-fold devices reaching consumers in 2027. At that point, his CAGR (compound annual growth rate) for 2022-2027 is expected to outpace traditional smartphones by 10x.
A new IDC report expects foldable devices to capture 3.5% market share by 2027, compared to 1.2% in 2022.
| Global foldable smartphone shipments, market share and CAGR from 2022 to 2027 | |||||
| form factor | 2022 shipments (million) | Market share in 2022 | 2027 shipments (million) | Market share in 2027 | 2022-2027 CAGR |
| foldable | 14.2 | 1.2% | 48.1 | 3.5% | 27.6% |
| smartphone | 1,191.6 | 98.8% | 1,322.9 | 96.5% | 2.1% | total | 1,205.8 | 100% | 1,371.0 | 100% | 2.6% |
| Note: Percentages may not add up to 100% due to rounding Source: IDC, Worldwide Foldable Smartphone Forecast, 2023-2027, March 2023. |
|||||
IDC analysts expect foldable devices to bring in a total of 21.4 million shipments in 2023, with lower ASPs (average selling prices), improved durability, and a slew of new innovations from a range of brands. The product has been released and is becoming more attractive.
sauce
