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Thursday, March 16, 2023 10:01:07 AM
Reddit:
As the market penetration of folding phones increases, the hinge market is expected to be worth more than USD 500 million in 2023 (currently about RMB 3.355 billion), up 14.6% year-on-year*.*
According to reports, according to the brand market share of folding phones in 2022, the use of U-shaped hinge Samsung*’s market share is the highest at about* 82%,
On the surface, 14.6% jump year-on-year is not explosive.
However, since U-shape hinge owns 82% of the market, and rumor is that Samsung is about to switch over to teardrop.
This projects 2024, 100% hinges will be teardrop-shape.
This translates into 400% jump year-on-year
Teardrop-shape hinges market will jump from 73 million to 500 million.
This does not factor into foldable market year-on-year increase which is expected to be 35%.
Put it all together, we are looking at 675 million market for 2024.
With that being said, Tear-drop hinges is still not 100% BMG, there are many MIM pieces being inserted into the BMG Mold.
60% pie will give 400 million market share.
Foldable phone is only at the bottom of the S curve. Within 5 years, it will hit the inflection point and will have 200% jump year-on-year for about 5 years.
Folks.....enter that into your spreadsheet.
LQMT will be glad to take 5% of that pie.
One person interpretation and extrapolation of the reported data.
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