DisplaySupplyChainConsultants (DSCC), an authoritative information organization in the global display field, released the latest report. The report shows that Samsung has dominated the global foldable smartphone market with newly launched devices this year, accounting for 88% of global shipments.
Samsung released the vertically foldable Galaxy Z Flip in February this year, and released the Galaxy Z Fold 2 in September. DSCC said: “In terms of sales and revenue, Samsung Galaxy Z Flip and Galaxy Z Fold 2 are expected to become the best-selling foldable smartphones in 2020.”
DSCC added that Samsung Display, Samsung’s display manufacturing subsidiary, accounted for 96% of the foldable panel shipments in the third quarter of 2020, and is expected to account for 87% of the full-year market share in 2020.
The agency stated: “Samsung is increasing its focus on its foldable products and reducing the importance of the Note series, which will make the foldable Z series the second largest flagship series. Samsung Display is expected to be sold to other brands for the first time in 2021. Foldable panels, including the provision of ultra-thin glass cover solutions, to more actively help them enter the foldable market.”
DSCC predicts that global foldable panel shipments this year will surge 454% year-on-year to 3.1 million units, and total revenue will reach 462 million US dollars. In addition, clamshell design equipment will account for nearly 60% of the market.
The company also predicts that UTG currently used for the Galaxy Z Flip and Galaxy Z Fold 2 display covers will lead the market with an 84% share. DSCC said that global foldable devices covering all types of applications are expected to grow to 94 million in 2025, of which foldable smartphones will reach 59 million.
There are rumors that Samsung plans to launch four foldable devices in 2021, including two Galaxy Z Fold series and two Z Flip series devices, all of which will support 5G. It was previously reported that Samsung plans to add S Pen support and an under-screen selfie camera to the Galaxy Z Fold 3.
In addition, Samsung may launch an “economical” Galaxy Z Fold Lite, which will be a more affordable version of the Z Fold flagship model. It is unclear how much cheaper this model will be, but there are rumors that its price may be as low as $900, far lower than the $2,000 Galaxy Z Fold 2.
According to reports, Samsung is also developing two Galaxy Z Flip devices with a flip phone shape. Both models are also expected to support 5G, but they will have “different performance and features” and will be unveiled as “high-end and normal models.” In other words, Samsung may also be preparing to launch a Z Flip flagship product and an economical product.
Samsung’s four foldable products may be released at different times in 2021. There are rumors that Galaxy Z Fold Lite may be available in the first quarter, while the flagship Galaxy Z Flip 3 may be launched in June. Both Galaxy Z Flip models are planned to be put into production in August.