August 11, today, Counterpoint Research released a report saying that folding screen phones are still the fastest growing smartphone product category this year, with folding screens expected to grow 73% year-over-year to 16 million units in 2022.
Samsung continues to lead the pack, with a 62 percent share of the folding screen phone market in the first half of the year. With the launch of the new Galaxy Fold 4 and Flip 4 models, the report expects that share to jump to 80 percent in the second half of the year.
Counterpoint Research forecasts show that the global market for folding screen smartphones will grow 73 percent to 16 million units this year from 9 million units last year, and is expected to continue to see strong growth next year, with folding screen phones expected to grow to 26 million units by 2023.
In June 2022, Samsung held the major market share for folding screen smartphones in the first half of 2022, accounting for 62% of the total market share; Huawei and OPPO ranked second and third respectively.