Research institute TrendForce has published a report on its forecast of the state of the global market for foldable phones equipped with flexible old screens. Advances in technology, improvements in design, and performance have contributed to the growing popularity of such devices.
In its evaluation, TrendForce Institute has considered the supply of 2 different types of folding devices. The first type has a vertical or clam-shaped folding design and is suitable for carrying in a pocket or a small handbag. The second category are smartphones that can be folded horizontally or book-shaped and when opened can become a substitute for a small tablet.
Also, in terms of design, smartphones with flexible screens are produced in 2 models that fold inward and fold outward. Therefore, in folding devices, the presence of an auxiliary external display will be necessary. Also, outward folding devices are subject to damage to their flexible panel.
According to TrendForce, the penetration rate of new foldable flagships in the global smartphone market will reach 1.1% in 2022.
Currently, the flexible display size of vertically folding smartphones varies between 6.5 and 7 inches. vs. display size for devices that fold horizontally; It will be between 7.5 and 8 inches. In addition, the refresh rate of the displays also reaches 120 Hz.
According to the TrendForce Institute, with the advancement of technology and raw materials used, the penetration rate of foldable smartphones equipped with old screens will probably reach 1.1% in 2022. With the continuation of the trend of new foldable phones being released by various smartphone manufacturers, the penetration rate of these gadgets will exceed 2.5% after 2024. This phenomenon is due to the improvement of technical specifications and competitive pricing of folding devices. In addition, these devices are considered as an opportunity to reinvigorate the market full of stagnant feeling. Thus, folding phones will gradually become key products in the smartphone market.
TrendForce predicts that the penetration rate of foldable smartphones equipped with flexible screens will reach 1.1% by the end of this year, and this figure will exceed 2.5% after 2024. Samsung Display is currently the largest supplier of flexible panels for foldable devices.