According to Techarc, foldable smartphones in India are set to witness 638 per cent jump in sales in India in 2021, and are expected to touch 300,000 units in sales during 2022.
The foldable smartphone revenues are expected to grow by 60 per cent in the year 2022, translating to Rs 32 billion for the industry. Following the market trend, Samsung and a few more original equipment manufacturers (OEMs) are expected to launch their foldable smartphones in 2022.
As of now, Samsung is the only OEM offering commercially available foldable smartphones for the past three years. It launched the third generation ‘Samsung Galaxy Z Fold’ as well as ‘Samsung Galaxy Z Flip’ in 2021. Both the launches have witnessed good response from the market.
