Samsung in 2020 clearly dominated the foldable smartphone market. During this year, the company held over 90 percent of the market. However, big changes are expected in 2021 as the foldable phone market is expected to grow further next year.
According to the report DSCCFoldable display panel shipments grew 454 percent in 2019 to 3,1 million units in 2020. This figure is expected to rise by another 394 percent. next year, estimated deliveries are estimated at $ 462 million. Notably, these numbers are actually below initial forecasts due to US sanctions against Huawei, which prevent the company from issuing Mate x2, which was supposed to appear in the fourth quarter of 2020.
In the absence of any major competitor, the South Korean tech giant has dominated the market with new products released this year. In 2020, the company released Galaxy z flip и Galaxy z fold 2which became the two best-selling foldable phones of the year, both in terms of units shipped and in terms of revenue. ... Based on panel purchases, the Galaxy Z Fold 2 led the market with a 65 percent market share, followed by the Galaxy Z Flip 5G with a 27 percent market share.
In addition, the report also states that the company is focusing more on its foldable Z series rather than the flagship Note series. Samsung is expected to launch at least three foldable phones next year, which will likely include the Z series phones and their respective 2nd generation versions. During this period, probably also Samsung Display will aggressively promote its display technologies to help other brands enter the market with its UTG (Ultra Thin Glass) coating solutions.
