Foldable smartphones worth over Rs 6,300 crore to be sold in India this year: Report

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New Delhi: Foldable (including flip) smartphones are likely to contribute more than 1.8 percent of total smartphone revenue in India this year, reaching over Rs 6,300 crore in India, a report showed on Wednesday. This is expected to be achieved by selling over 6.35 lakh foldable smartphones annually.

That translates to less than 0.5 percent of total sales by estimated volume for the period, according to market research firm TechARC. The foldable form factor is expected to cross the 1 million mark in annual sales in 2025, doubling in 3 years by 2028. 50%)

“Affordable” (affordable + foldable, priced below Rs 80,000) will be the driver of this growth in the coming years. In 2023, these are already expected to contribute more than half (52 percent) of total sales in unit terms, the report said. (Also Read: Used To Watch Formula 1 Races On TV As A Kid, Now A Professional Motorsport Enthusiast)

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The market is divided into H-fold (flip smartphone) and V-fold (fold or book fold smartphone). “According to our estimates, 64 percent of sales in 2023 will be flip smartphones,” the report noted.

Current options for customers to buy in India include the Motorola Razr 40 Ultra, and the Motorola Razr 40 OPPO Find N2 Flip, Tecno Phantom V Fold, Samsung Galaxy Z Fold 4, and Samsung Galaxy Z Flip 4

Among these, Samsung is soon launching its refreshed fold and flip smartphones with the 5th generation foldable giving consumers the option to choose from the pioneers in this segment.

“While all foldable smartphone manufacturers have demonstrated quality checks and effective measures to address potential buyers’ sustainability concerns, there is a need to raise awareness and disseminate more information about foldable smartphone manufacturing and the engineering behind it,” the report said. Note that

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