Core Insights - The global foldable smartphone market is projected to reach approximately 19.83 million units in 2025, with a year-on-year growth of 6.0%, and is expected to approach 27.29 million units by 2029, reflecting a five-year compound annual growth rate (CAGR) of 7.8% [1] - China has officially surpassed other markets to become the largest foldable smartphone market globally, driven by a mature local supply chain, high consumer acceptance of cutting-edge technology, and manufacturers' precise capture of user demands [1][3] - The market share of China in the global foldable smartphone market is expected to remain above 40% over the next five years, leading innovation and driving the global adoption of foldable technology [1] Market Performance - In the first half of 2025, China's foldable smartphone shipments reached 4.98 million units, marking a year-on-year increase of 12.6%, despite a slowdown compared to previous years [3] - Huawei maintained its leading position in the foldable market with a shipment of 3.74 million units, capturing 75% of the market share, achieving a historical high [5] - Honor, despite not launching new products in the first half of the year, held a market share of 8.4%, while OPPO, Xiaomi, and vivo showcased diverse market vitality with shares of 6.1%, and lower percentages respectively [6] Future Trends - The foldable smartphone market in China is expected to reach 9.47 million units in 2025, with a modest year-on-year growth of 3.3%, indicating a stabilization compared to the previous year [8] - As hardware innovation faces limitations, the focus will shift towards software upgrades, marking a transition to a "software-defined hardware" phase in the foldable industry [10] - Manufacturers are encouraged to deepen collaboration with developers to enhance the large-screen ecosystem and explore the integration of AI technology to maximize productivity potential in various applications [10]