Foldable-Phone Revenue to Rise At 110% CAGR, Reaching $70B in 2025, Says DSSC
The market for foldable displays “underperformed” in 2019, but there’s “a tremendous amount of activity and progress,” said Display Supply Chain Consultants CEO Ross Young Monday. “We see 26 new foldable devices in development and expected to launch in the…
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next 24 months.” Developers advanced toward “robustness and scratch resistance," he said. That may reduce “consumer concerns” and will “accelerate demand,” he said. DSSC forecast foldable-phone revenue rising at a 110% compound annual growth rate, to $70 billion in 2025. Foldable-display panel shipments will rise at a 132% CAGR to 77 million units, and smartphones will be the vast majority of foldable applications, it said.