Overview:
In the second quarter of 2024, global shipments of foldable devices increased by 48% compared to the previous year. The market has consistently experienced double-digit growth since the second half of 2023, with Chinese manufacturers driving this expansion. During Q2 2024, the foldable market saw year-over-year growth in nearly all regions, with Western Europe and Latin America experiencing the largest increases. Huawei maintained the highest global market share for the second consecutive quarter, while Samsung held onto the second position with a 20% market share worldwide. Competition among foldable products is expanding globally, and new trends in foldable technology are emerging, indicating a positive outlook for the popularization of foldable devices in the future.