The foldable screen mobile phone market will grow by 25% in 2022, Samsung's market share will decline, and Huawei and Xiaomi are closely chasing after it.

According to the latest data from market research firm TrendForce, foldable screen mobile phone shipments will be approximately 15.9 million units in 2022, an increase of 25% from last year. The share of foldable screen mobile phones in the overall smartphone market has also increased to 1.4%. Although consumers are gradually showing favor for foldable screen phones, their high price and durability issues remain major obstacles to their wider adoption.

As the leader in folding screen technology, Samsung occupies a dominant position in the market, but according to the editor’s understanding, its market share has declined from its high in 2022 and is currently 66.4%, and is expected to further drop to 60.4% by 2024. Despite this, Samsung’s innovative capabilities and brand influence in the folding screen field cannot be ignored.

Due to strong demand in the Chinese market, Huawei currently ranks second in market share, with a market share of 11.9%, just behind Samsung. According to TrendForce’s predictions, with Huawei’s continued investment in folding screen technology and market expansion, Huawei’s market share is expected to be close to 20% by 2024.

Xiaomi has also shown strong competitiveness in the folding screen mobile phone market, ranking third in the world with a market share of 5.4%. As more and more manufacturers get involved in the field of foldable screen mobile phones, competition in this market will become more intense in the next few years.

Looking to the future, TrendForce predicts that foldable screen mobile phone shipments will continue to grow and are expected to reach 17.7 million units in 2024, with a growth rate of approximately 11%. At the same time, with the advancement of technology and consumers' pursuit of novel and convenient products, it is expected that the share of foldable screen mobile phones in the overall smartphone market will further increase to 2% by 2025.

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