Blitz Bureau
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 July 21.
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.
The report further noted that easier financing options and more attractive equated monthly instalment (EMI) schemes are making foldable smartphones increasingly accessible, supporting steady adoption even in a challenging pricing environment.
Commenting on the competitive landscape, Counterpoint Senior Research Analyst Prachir Singh said Samsung has maintained its leadership in India’s foldable smartphone market by leveraging its first-mover advantage, continuous innovation and strong consumer trust.
He said Samsung is expected to account for nearly 89 per cent of foldable smartphone shipments in India in 2026, driven by its eighth-generation Galaxy Z series and a loyal customer base built around the foldable form factor.
