The current foldable smartphone sales in India is nearly 3,00,000 which is likely to grow to 10 lakh units by 2026, new data showed on Monday.
The country is expected to see 20 times growth in foldable smartphone shipments in the country by 2026 -- around 64 per cent growth in compound annual growth rate (CAGR) terms, according to market research firm CyberMedia Research (CMR).
Led by Samsung, its foldable phones have grown four times since 2020 in the country, with Fold device garnering 61 per cent market share while its Flip foldable model reaching 39 per cent market share in the country.
"As Samsung steers foldable phone innovation, and gets ready to debut its fourth generation of foldable phones, it is important to note that foldable phones are reaching an inflection point in terms of shipments as well as consumer acceptance," Prabhu Ram, Head-Industry Intelligence Group (IIG), CMR, told IANS.
The research around foldable phones shows a very positive outlook, "with an almost 20 times potential market growth until 2026 since their market debut," he added.
According to Samsung, the world saw nearly 10 million foldable smartphones being shipped worldwide last year -- an industry increase of more than 300 per cent from 2020.
TM Roh, President and Head of Mobile Business at Samsung, recently said that this fast-paced growth will continue.
He said that the upcoming 'Galaxy Unpacked' on August 10, "you'll see that the impact of our innovation is not only about what technology can do".
The next-generation foldable smartphones, Galaxy Z Flip 4 and Galaxy Z Fold 4, are expected to be showcased during the 'Galaxy Unpacked' online event.
--IANS
na/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app