eSIM Market
eSIM Market Size, Share, Trends & Market Dynamics By Vertical (Automotive, Manufacturing, Consumer Electronics), By Application (Phones, Wearables, Medical, Smart Homes) - Regional Forecast 2022-2032
Analysis of eSIM market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
eSIM Market Outlook (2022-2032)
In light of the constant evolution of smart connected devices in every industry vertical, the need for centralized manageable network-connected devices is rising rapidly. For managing devices, the need for remote connectivity is increasing. For sustaining this requirement, the number of manufacturers of smart devices is increasing rapidly.
eSIMs are becoming increasingly popular, as they allow users to manage all connected devices, including cars, mobile phones, wearables, medical devices, and others from a remote location. eSIMs are becoming increasingly popular among smart device manufacturers, as these SIMs have ‘Machine to Machine’ capabilities and also remote provisioning.
An eSIM is also known as an Embedded SIM or ‘embedded Universal Integrated Circuit Card’ (eUICC). eSIMs stand out as a result of evolution; they are smaller in size - 6 mm x 5 mm (length x width). These are embedded forms of SIM cards. It is soldered onto a motherboard of a device at the time of manufacturing. These sims perform the same functionality as the removable SIM cards of present times.
The technologies such as IoT are propelling demand for network services and shaping the future of the mobile industry. There is a rise in demand for automated appliances that expand beyond the limits of consumer-oriented devices such as mobiles and tablets.
The global eSIM market is valued at USD 7.3 Billion in the year 2022. The market is anticipated to grow and surpass a valuation of USD 21.24 Billion by end of 2032. This market is expected to expand with a CAGR of 10.2% in the forecast duration.
Report Attributes |
Details |
|---|---|
|
Market size (2022 A) |
USD 7.3 Billion |
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Base Year for Estimation |
2022 |
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Forecast duration for this research |
2022-2032 |
|
Forecasted Market value (2032 F) |
USD 21.24 Billion |
|
Global Market Growth rate (2022-2032 E) |
CAGR of 10.2% |
|
Key Companies Profiled |
|
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What drives the eSIM market?
The fact that an eSIM allows a user to store multiple operator profiles on a device simultaneously and also switch between these profiles remotely is fuelling the demand for the eSIM market. In addition to this, the rapid adoption of IoT across different industry verticals for the manufacturing of smart and connected devices is rising rapidly resulting in the increasing demand for these SIMs.
The increasing popularity and application of machine-to-machine learning are leading to the rising deployment eSIMs. Also, the market is expected to be fuelled by the increasing adoption of these SIMs from leading smartphone manufacturers such as Google and Apple. Smartphone manufacturers are expected to demand eSIMs to enhance their product offerings.
There is a growing demand for innovative consumer electronics which is likely to drive demand for such products in the future. The reduced cost of maintenance and data monitoring and service timing are some other reasons to opt for eSIM. The M2M systems are widely used by the telemedicine, automotive, and security industries due to enhanced connectivity where such SIMs have a crucial role.
The accelerated demand for smartphones, smart glasses, and laptops is augmenting consumers’ desire for owning linked homes. The eSIM in consumer electronics is likely to drive the user experience and contribute to market share.
What is the major concern with the product?
Consumers can only choose one profile out of all profiles at a time. This is a major drawback of eSIMs, which is restraining the growth of the market. Also, being the latest technological evolution, the compatibility, connectivity, and other issues with the smart devices of different manufacturers are also one of the major challenges for the growth of this market. The pandemic has affected the market of eSIMs which is likely to keep the market stagnant for in upcoming period.
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Segment wise Insights
On the basis of vertical, the eSIM market is segmented into automotive, manufacturing, consumer electronics, and others. The vertical segment considers verticals that are using eSIMs as a part of the products that they are manufacturing.
On the basis of application, the market is segmented into the types of devices or products in which these SIMs are an integrated part. further, this market is segmented into phones, wearables, medical, automotive, smart homes, tablets, laptops, and others.
On the basis of region, the market is segmented into North America, Latin America, Europe, Eastern Europe, CIS & Russia, Japan, and MEA.
Regional Outlook
Considering the revenue generated from the sales of these SIMs, North America holds a significant market share due to its rapid adoption of eSIMs by smartphone manufacturers and smart device manufacturers across different industry verticals. Industries including automotive, energy and utilities, and others in European countries are adopting for such SIM to sustain the rapidly changing industry requirements for delivering connected devices to consumers.
The North American region amounts to the largest market share of more than 35% in 2021. The anticipated CAGR forecast is attributed to a higher presence of network providers in technological advancements. The market in Europe is expected to remain the second highest in terms of value in the forecast period. Being early adopters of technology these regions are anticipated to gain major market share in the forecast period.
Industries are using these SIMs in devices for establishing efficient connectivity management. The APEJ region is expected to grow at a high CAGR over the forecast period, due to the increasing manufacturing of smartphones, consumer electronics, laptops, and others in developing countries such as India, China, and others in this region, resulting in the adoption of eSIMs. The market in the MEA region is expected to grow at a comparatively moderate CAGR, due to the slow adoption rate of these SIMs.
Asia Pacific region is expected to witness a growth rate of more than 8% in the forecast period. This share likely due to the key players in the industry which are driving momentum in the smartphone markets. The countries like China and India are approaching more solutions for the manufacturing of such products.
Competitive landscape
eSIM manufacturers are continuously focusing on innovations in their products. This strategy is followed by key vendors for sustaining themselves in the increasing global competition. In addition to this, eSIM manufacturers are focusing on delivering eSIMs to different industries as per their product requirements, so that they are able to retain customers. On the basis of a shift from removable SIMs to eSIMs is anticipated to grow up to 50 to 60 million by 2023.
Understanding the shift in the market key players has started to focus on the launch of eSIM-only devices. Companies like Apple are already entering into their eSIM-only smartphones. The market is further anticipated to notice a rise in competition due to the development of advanced and cost-effective solutions.
eSIM Market: Segmentation
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Based on Vertical :
- Automotive
- Manufacturing
- Consumer electronics
- Others
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Based on the Application :
- Phones
- Wearables
- Automotive
- Tablets
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Based on Region :
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Western Europe
- Germany
- Italy
- France
- U.K
- Spain
- Eastern Europe
- Poland
- Russia
- Asia Pacific
- China
- India
- ASEAN
- Australia
- New Zealand
- Japan
- Middle East and Africa
- GCC
- S. Africa
- N. Africa
- North America
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Vertical 6.2. Application 7. Global Market Analysis and Forecast, By Vertical 7.1. Automotive 7.2. Manufacturing 7.3. Consumer electronics 7.4. Others 8. Global Market Analysis and Forecast, By Application 8.1. Phones 8.2. Wearables 8.3. Automotive 8.4. Tablets 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia Pacific 9.6. East Asia 9.7. MEA 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. MEA Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Vertical and Application for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Gemalto 19.2. Stmicroelectronics 19.3. Sierra Wireless 19.4. NXP Semiconductors 19.5. Singtel
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List Of Table
Table 01: Global Market US$ Bn Forecast by Region
Table 02: Global Market US$ Bn Forecast by Vertical
Table 03: Global Market US$ Bn Forecast by Application
Table 04: North America Market US$ Bn Forecast by Country
Table 05: North America Market US$ Bn Forecast by Vertical
Table 06: North America Market US$ Bn Forecast by Application
Table 07: Latin America Market US$ Bn Forecast by Country
Table 08: Latin America Market US$ Bn Forecast by Vertical
Table 09: Latin America Market US$ Bn Forecast by Application
Table 10: Western Europe Market US$ Bn Forecast by Country
Table 11: Western Europe Market US$ Bn Forecast by Vertical
Table 12: Western Europe Market US$ Bn Forecast by Application
Table 13: Eastern Europe Market US$ Bn Forecast by Country
Table 14: Eastern Europe Market US$ Bn Forecast by Vertical
Table 15: Eastern Europe Market US$ Bn Forecast by Application
Table 16: Asia Pacific Market US$ Bn Forecast by Country
Table 17: Asia Pacific Market US$ Bn Forecast by Vertical
Table 18: Asia Pacific Market US$ Bn Forecast by Application
Table 19: East Asia Market US$ Bn Forecast by Country
Table 20: East Asia Market US$ Bn Forecast by Vertical
Table 21: East Asia Market US$ Bn Forecast by Application
Table 22: MEA Market US$ Bn Forecast by Country
Table 23: MEA Market US$ Bn Forecast by Vertical
Table 24: MEA Market US$ Bn Forecast by Application
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vertical
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vertical
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 07: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vertical
Figure 08: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vertical
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vertical
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vertical
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vertical
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vertical
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the eSIM market in size?
The global eSIM market is valued at USD 7.3 Billion in the year 2022.
What is the growth rate for the market in the forecast period?
This market is expected to expand with a CAGR of 10.2% in the forecast duration.
What is the future look out for the eSIM market?
The market is anticipated to grow and surpass a valuation of USD 21.24 Billion by end of 2032.
Who are the key players in the industry?
Some of the key players in the global eSIM market include • Gemalto • Stmicroelectronics • Sierra Wireless • NXP Semiconductors • Singtel • Giesecke & Devrient • Deutsche Telekom • Telefónica • NTT Docomo Inc.
Which region dominates the market at present?
North America holds a significant market share due to its rapid adoption of eSIMs by smartphone manufacturers and smart device manufacturers.
eSIM Market