Samsung is, without a doubt, the undisputed king of foldable smartphones. The Galaxy Z Flip and the Galaxy Z Fold series of smartphones are the most successful foldable phones across the globe. And Samsung’s mobile business expects that the foldable smartphone market will grow by 80% by 2025.
During a meeting conducted by Samsung MX (via TheElec) in the third week of October 2022, parts suppliers were told that the foldable smartphone market will have an annual growth rate of up to 80% by 2025. Moreover, the company also added that it expects tech giant Apple to join the foldable space in 2024. However, entry will be with notebooks and tablets first and not with smartphones.
In the South Korean market, Samsung shared that the youth in their 20s and 30s were changing their devices from Apple to Samsung foldable phones. This is “at a rate three to four times higher than before.”
Samsung thinks foldable phones need to get thinner, lighter, and have less crease
Samsung also believes that 90% of foldable smartphone users will stick with the new form factor and will purchase a foldable smartphone as their next device. Industry sources reveal that the foldable smartphone market is a mere 1% of the total smartphone market. However, customers are showing high satisfaction levels towards foldable smartphones, and the sector is expected to grow “substantially.”
There are a few things that Samsung also noted that need to be revamped for foldable phones to become more popular. Notably, the size and weight of the foldable phones need to go down, they need to become more durable, and the crease on the screen needs to be reduced.
Also, there needs to be a slot for the S-Pen, as they are the ultimate productivity handheld devices. This is a feature that a lot of consumers are asking for. The company also wants to add improved cameras to its future foldable phones. Apparently, the company wanted to add flagship cameras to the Galaxy Z Fold 4, but it didn’t due to weight issues. Samsung also stressed the development of software that fits the 4:3 ratio screen on the fold series.