The popularity of foldable smartphones has grown in recent years, and a new report shows that by the end of 2022, it is expected that shipments of foldable smartphones will exceed 18 million units.

According to a report from Counterpoint Research, in the near future, the shipment share of foldable mobile phones in the overall market will remain within single digits, because the market segment is undergoing OEMs for various form factors, designs, materials, etc. test. In 2020, the foldable device market will only account for a small part of the total market of 1.3 billion US dollars last year. However, it is estimated that by 2022, this proportion will reach about 1.2%.

According to Counterpoint Research senior analyst Jene Park, “Samsung is a leader in design, marketing, and shipments. It dominated the foldable product market last year with a market share of over 80%. The company also has the strongest lineup. , Including various models and versions, as well as the second-generation flagship. However, this year Samsung faces more competition.

In addition, the report also pointed out that there are several main reasons for the market growth, including the current decline in the price of foldable mobile phones of around US$1,000 to 1,500.