According to a report by screen market analysis company DSCC, shipments of foldable smartphones in Q4/2021 increased by 520% over the same period last year, reaching 4.25 million units. The report also reveals that Samsung is leading the Q4 folding screen market with a 96% market share. The company shipped 4.1 million foldable smartphones between October and December.
For the whole year of 2021, Samsung holds 87% of the market share of the total 8 million folding screen smartphones. In 2020, Samsung accounted for 86% of the market share and the market at that time had only 2.3 million folding screen smartphones. Huawei is the second largest supplier of foldable smartphones in 2021, with a 9% market share.
Galaxy Z Flip3 was the most popular folding smartphone in Q4 2021, with 59% market share. It also holds 51% market share for the whole of 2021. The second most popular product in 2021 is the Galaxy Z Fold3, with 26% market share.
Revenue from foldable smartphones in Q4/2021 increased by 342% year-on-year, reaching a record high of $5.8 billion. Samsung’s revenue share in the quarter was also impressive at 92%.
While only four companies shipped foldable smartphones (Samsung, Huawei, OPPO, Royole) in Q4 2021, DSCC expects the number to increase to six by the end of Q1 2022 and 11 by the end of the year. now on. Google, TCL and Vivo are some of the brands that are expected to launch new devices to challenge Samsung’s foldable smartphones later this year.
DSCC estimates that there will be 86 million foldable devices by 2026, not only smartphones but also tablets, TVs, laptops. As more companies join, Samsung may lose some of the market. However, DSCC believes that the Korean tech giants can continue to dominate thanks to their considerable influence.