DSCC says that Q3 2021 was a record quarter for foldable smartphones - with shipments growing 215% from Q2 2021 and 480% from Q3 2020 to reach 2.6 million units. Samsung Electronics controls the market with a 93% share, followed by Huawei (6%).
DSCC expects the growth to continue and shipments in Q4 will reach almost 4 million units. Looking at specific models, the Galaxy Z Flip 3 has a 60% share, followed by the Galaxy Z Fold 3 with a 23% share.
Looking at the whole 2021, DSCC sees shipments increasing 241% from 2020 to reach 7.5 million units. DSCC expects 17.5 million shipments in 2022 (a 132% increase from 2021).