Foldable Smartphones Market Share in India to Increase 4 Times by 2025: Report

Foldable smartphones market share within the ultra-premium phase, priced above Rs. 45,000 apiece, is anticipated to develop greater than 4 occasions to 35 % in India, Counterpoint Analysis mentioned on Friday.

Foldable smartphones market share within the first half of 2023 stood at about 8 %, the market analysis agency mentioned.

“In 2023 (until June), Foldables constituted 8 per cent of ultra-premium (over Rs. 45,000) Android smartphone shipments, a quantity projected to surge to 35 % by the tip of 2025,” Counterpoint Analysis mentioned in a report.

In keeping with the analysis agency’s estimate India’s Foldable Smartphone accounts for under about 1 % of the general cell market in India.

The report mentioned clamshell smartphones among the many foldable designs are significantly favoured by feminine customers, accounting for 82 % of complete foldable shipments within the first half of 2023 attributable to their affordability.

“Localisation of producing, exemplified by flagship units like Samsung Z Fold 5 and Flip 5 being produced in India, is fuelling the market’s development,” Counterpoint mentioned.

The market analysis agency estimates that the anticipated entry of extra cell phone makers into the foldable house will additional invigorate the market. 

Notably, Korean sensible units main Samsung will manufacture its premium flagship units Galaxy Z Fold 5 and Galaxy Z Flip 5 in India to fulfill native necessities, a senior firm official mentioned on Thursday. Samsung plans to launch the most costly and high-end units from its secure in India on August 18 and the pre-booking with affords will begin at midnight of July 27.

“Each Galaxy Z Fold 5 and Galaxy Z Flip 5 will probably be manufactured at India manufacturing facility in Noida,” Samsung SouthWest Asia President and CEO J B Park mentioned.

In keeping with market analysis and evaluation agency Techarc estimates, foldable (together with flip) smartphones will contribute over 1.8 % of the whole smartphone revenues for 2023. The estimate implies over 6.35 lakh foldable smartphones will probably be bought in India throughout the 12 months which will probably be lower than 0.5 % of the whole gross sales by quantity estimated for the interval.

(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)