The three most popular foldable smartphones and overall market dynamics in Q1 2022

Despite everything, the market for foldable smartphones is growing and evolving.And although its undoubted leader in

sales volume is Samsung, it was not superfluousto find out the dynamics of the market and the balance of power for specific models, of which there have been noticeably more this year due to the first models of Vivo, OPPO and others. DSCC experts led by Ross Young decided to answer these questions by analyzing global display supply chains. According to the report, foldable smartphone shipments soared an incredible 571% year-on-year in the first quarter of 2022, reaching 2.22 million units. Which, however, is 47% less than in the record fourth quarter of 2021 (4.2 million).

Samsung continued to dominate, but witha noticeable drawdown of the market share to 74%. Most of its clientele flowed into the hands of Huawei, which released the unexpectedly successful P50 Pocket and occupied 20% of the market due to this. OPPO showed a small increase, but neither it nor other brands took more than 2% of the market. Speaking of specific models, Galaxy Z Flip 3 remains the undisputed leader for the third quarter in a row with a share of 51%. Galaxy Z Fold 3 follows with a noticeable lag (22%), but the very rapidly gaining popularity Huawei P50 Pocket (19%) is already breathing down its back. By the way, these three models account for 91% of the foldable smartphone market. At the same time, neither OPPO Find N, nor Vivo X Fold, nor Xiaomi Mix Fold have yet managed to overcome the bar of 2.5% of the market.

Summing up, Ross Young expects further turbulentgrowth of the foldable smartphone market in 2022. He estimates shipments will increase by 107% to over 16 million units, with the Galaxy Z Flip 4 and Z Fold 4 expected this summer to be the driving force behind this. Well, the chart below clearly illustrates the dynamics of the folding panels market from 2020 to 2022.

    © Vladimir Kovalev.

    Sourced from displaysupplychain.com