The flexible display smartphone market is expected to
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The flexible display smartphone market is expected to explode

Not so long ago, Canalys provided a forecast for the global market for flexible screen smartphones. And now the analysts at International Data Corporation (IDC) have shared their vision of the industry development. Significant growth is forecast for this segment.

The flexible display smartphone market is expected to

In 2021, an estimated 7.1 million mobile phones with flexible displays were shipped worldwide. Growth from 2020, when 1.9 million units were sold, was a whopping 274.3%. At the same time, smartphone shipments totaled 1.35 billion units.

According to the experts at IDC, the global market for flexible smartphones will continue to grow strongly in the coming years. CAGR (Compound Annual Growth Rate) 2020-2025 will be 69.9%. As a result, the supply of flexible screen devices will reach 27.6 million units by the middle of the current decade.

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At the same time, the smartphone industry as a whole will show a CAGR of 3.5% in 2020-2025, according to analysts. If this forecast comes true, 1.52 billion units will be delivered by the middle of the decade.

The growth of sales of flexible design smartphones is facilitated by the appearance of new players in this segment. Also, a gradual reduction in prices for such devices is expected.

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Johnson Smith

Johnson Smith is interested in Home Theater & Audio, Smart Tech, Google News & Products, How To, Apple News & Products, Cell Phones, Automotive Technology.

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