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Competition Intensifying In Foldables

by Ville-Petteri Ukonaho | 2月 17, 2023

  • Geopolitical and economic situation and inflation will slow growth significantly in 2023. People are seizing non-essential purchases which affects many industries including foldables.
  • The price is still a huge factor limiting growth in foldable display smartphones, but Huawei has already shown how things can change.
  • Samsung is the leading foldable display smartphone vendor globally but there are more players in the playground nowadays. Huawei, vivo and Honor have managed to grab share from Samsung in the China market.

  • Honor and OPPO are expanding to global markets during 2023 which will give Samsung and the whole industry welcomed boost.
  • High global consumer price inflation is envisioned to persist for longer than previously assumed because of surging commodity prices and lingering supply bottlenecks.
  • The pandemic has left deep scars in the form of lower investment, lower human capital, and a retreat from global supply chains, all of which are likely to dampen potential growth in the longer term.
  • Many global and regional economic research institutions have significantly lowered their growth forecasts for the world economy' growth, and some economies are unlikely to see a pickup in growth until 2025.

Clients of our Device Technologies (EDT) service can learn more about display technological evolution in different regions or price tiers from the report Global Foldable Display Smartphone Vendor Market Share by Region: Q4 2022
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