Monday, October 19, 2020

Samsung to benefit from a hundredfold surge in foldable display demand

 


Although foldable smartphones remain a relatively rare sight, they don’t seem to be just a passing fad. In the meantime, demand for foldable OLED panels is likely to skyrocket high enough to the point that a total of 3.9 million foldable displays will be delivered to the market by the end of 2020, up from 700,000 in 2019. Yet shipments of foldable displays could top 73.1 million units by the end of 2025.

For now, Samsung Electronics remains the world's most significant producer of foldable smartphones, and if this trend persists, the business will benefit the most from the increase in the production of foldable displays over the next 5 years. At first, Huawei seems to be a challenge to the foldable Samsung lineup, but the OEM seems to have been left behind by the Korean giant

Samsung holds 70% of market share when it comes to foldable display market and with this stunning amount of increase in Demand Samsung’s most profitable display business will be unimaginatively profitable and could earn billions for them.

 

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