India's foldable smartphone market is expected to surpass 3 million cumulative shipments by the end of 2026, growing at an 80% CAGR since 2019, according to Counterpoint Research. Samsung is projected to retain an 89% market share, while improved designs, productivity features, and easier EMI options continue to drive demand despite premium pricing.
New Delhi: India's foldable smartphone market is expected to cross 3 million cumulative shipments by the end of 2026, growing at a compound annual growth rate (CAGR) of nearly 80 per cent between 2019 and 2026, according to a report released on Tuesday.
According to Counterpoint Research, foldable smartphone shipments are projected to grow around 8 per cent year-on-year in 2026, outperforming the broader smartphone market despite rising device prices and weaker overall demand.
Increasing prices of key components such as DRAM and NAND flash memory continue to push smartphone prices higher, it added.
However, demand for foldable devices is expected to remain resilient as consumers in the premium segment continue to prioritise innovative form factors, productivity and enhanced user experience over upfront costs.
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