USD 10.5 billion
eSIM Market Size, Share, Growth Analysis, By Solutions (Hardware, Connectivity Services), By End User (Consumer Electronics, Manufacturing), By Application, By Type, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG50B2011 |
Region:
Global |
Published Date: December, 2024
Pages:
260
|Tables:
93
|Figures:
74
eSIM Market Insights
eSIM Market size was valued at USD 12.6 Billion in 2023 and is poised to grow from USD 14.68 Billion in 2024 to USD 49.75 Billion by 2032, growing at a CAGR of 16.5% during the forecast period (2025-2032).
eSIMs are becoming popular since they enable their customers to manage all connected devices remotely and digitally including smartphones, laptops, wearable equipment, medical equipment and many others. These enable the devices to switch network carriers without replacing a SIM card physically.
In 2022, more than 350 million eSIM-capable devices were shipped in many categories such as smartphones, tablets, medical equipment, IoT modules. According to the market projections, it is anticipated that the demand will reach at a value of 16 billion devices and almost every three in four cellular devices would be capable to support an eSIM by 2031.
Smartphones are estimated to lead the shipments of eSIM-capable devices in the next few years, smartphones have been playing a very important role in driving growth of the market by providing benefits to other devices such as laptops, smartwatches, and others. Cellular connectivity through smartphones in smartwatches is an example through which demand for eSIM-supported smartwatches is also increasing.
eSIM is particularly well designed to the evolving landscape of smartphone usage. The number of people who are using more than one device is growing, whether they use two or more than two devices, one for their workspace and another for their personal use. It performs similarly to a traditional SIM card, but it has pre-programmed settings and it can be programmed by plugging into a modem or computer. The eSIMs was created mainly for the telecommunications sector, and primarily for network-attached storage installations (NAS).
US eSIM Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Consumer electronics
Fastest Growth
Consumer electronics
Growth Rate
16.5% CAGR
Global eSIM Market ($ Bn)
Country Share for Europe Region (%)
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eSIM Market Segmental Analysis
Global eSIM Market is segmented by Solutions, application, end user, type and region. Based on Solutions, the market is segmented into hardware and Connectivity Services. Based on end user, the market is segmented into Retail, Consumer Electronics, Manufacturing, Automotive, Transportation & Logistics, Energy & Utilities, and Others. Based on application, the market is segmented into Smartphones, Laptops/Tablet, Connected Cars, Wearable Devices, Smart Home Appliances, Vehicle Tracking, and Others. Based on region, the market is segmented into Data-Only eSIM and Voice, SMS & Data eSIM. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
eSIM Market Analysis by Application
By application, global market is divided into many segments such as laptops, smartphones, wearable equipment, medical equipment, M2M, and tablets. M2M segment held largest global eSIM market share due to the wide range of benefits provided by eSIM in M2M devices, such as easy digital approach to switching network carriers with no need of replacing a SIM physically. Furthermore, eSIMs provide very smooth connectivity and efficient operation of M2M modules. OEMs across all over the world are continuously focusing on the development and integrity of eSIM in various types of applications. Demand for miniaturization and IoT technology is growing which also boosts the eSIM market globally.
eSIM Market Analysis by Vertical
By vertical, the eSIM market is classified into energy, utilities, transportation & logistics, manufacturing, consumer electronics. The consumer electronics segment is one of the main reasons for innovation and growth across all technology industries including global market. It is considered a game-changer in consumer electronics. Consumer electronics applications, which are based on eSIMs are expected to revolutionize the market. The telecom providers are focusing on the development of connectivity technologies between two or more devices. It also enhances the scope for new generation consumer connected devices.
Global eSIM Market By Vertical
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eSIM Market Regional Insights
Globally, Europe is estimated to hold the highest global eSIM market share in 2021, followed by North America and Asia Pacific. In Europe, the U.K., Germany, and France are the leading revenue generator countries to the Europe market. Main factors during this growth period is the presence of top market players such as Gemalto NV, ARM Holdings, and others. For insistence, in March 2018, the European government implemented an eCall regulation, in which all the new passenger cars will be equipped with the eCall technology.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of eSIM technology in M2M devices in the region of Asia Pacific and mainly in China and Japan. Penetration of mobile internet in Asia Pacific has doubled in the last few years. In addition, mobile network operators are investing heavily in order to provide high speed internet services at an affordable price to the consumers, which is likely to boost the demand for eSIM in the region.
Global eSIM Market By Region
- Largest
- Fastest
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eSIM Market Dynamics
eSIM Market Drivers
Increasing popularity and usage of M2M applications is boosting the eSIM market
- The eSIM card is a type of key facilitator for M2M devices that include seamless connections for all the types of linked devices.
- Embedded SIM is capable of hassles free switching network carriers, increased relativity, and runs in a controlled and safe and secure environment. There is no risk of losing data while switching from one device to another. All these factors are likely to help in the growth of global eSIM market in the upcoming years.
- Asia Pacific and Europe are expected to play an important role in the growth of global market through their wide range of adoption across countries. For instance, in China, one third of all smartphone users now use eSIMs.
eSIM Market Restraints
Critical methods of security can slow down and hinder the market growth
- Due to rapid increase in technology, increase in device penetration and M2M devices, it becomes so critical to maintain safe and secure communication among linked devices.
- Ensuring the integrity of these devices has requires quite an effort. eSIM captures and maintains mobile network operator credentials in the device’s in-built software, which is vulnerable to different security breaches.
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eSIM Market Competitive Landscape
Competition in the global eSIM market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with eSIM will also increase. Currently, only few key players are providing their services in global market but these numbers will increase in the upcoming years.
eSIM Market Top Player’s Company Profiles
- Gemalto/Thales DIS (France)
- G+D Mobile Security (Germany)
- STMicroelectronics (Switzerland)
- Infineon Technologies (Germany)
- NXP Semiconductors (Netherlands)
- Qualcomm (United States)
- Apple (United States)
- Samsung Electronics (South Korea)
- Idemia (France)
- Deutsche Telekom AG (Germany)
- Vodafone (United Kingdom)
- NTT Docomo (Japan)
- Sierra Wireless (Canada)
- Telit (Italy)
- ARM Holdings (United Kingdom)
- AT&T (United States)
- China Mobile (China)
- Orange (France)
- Cisco Systems (United States)
- T-Mobile US (United States)
eSIM Market Recent Developments
- In February 2020, HMD Global has filed a patent for a new embedded SIM card (eSIM) solution with the European Union Intellectual property Office. It will serve a multitude of purposes of ranging from telecommunication services to an e-wallet and banking service tool and extended warranty service.
- In June 2021, Kigen (UK) Ltd.’s GSMA-compliant remote SIM software solution can now be paired with the Infineon compact eSIM security controller and Kigen (UK) Ltd.’s GSMA-complaint 24mm x 24mm NBIoT SIM7070 module.
- In December 2022, by collaborating with Gigs, Grover announced the opening of Grover Connect, its own mobile virtual network operator (MVNO) for customers of tech rentals, in the US.
eSIM Key Market Trends
- Increase in the number of connected devices: The rapid increase in the number of IoT connected devices in consumer electronics and M2M applications is propelling the market growth. The number of IoT connected devices in the year 2022 was around 9.81 billion. Rise in the eSIM technology paced up significantly in 2020. Samsung’s inclusion of eSIM technology in its S20 range of devices is expected to positively impact to the adoption of eSIM in smartphones.
- Emerging Standards: The market is still under nascent stages with projections to develop with emerging standards and technologies. The GSMA has developed standards for eSIMs that are being adopted by MNOs and device manufacturers.
eSIM Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global eSIM market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists such as digitally network transfer, remote connectivity, and high security. eSIMs will enable devices to more convenient for their users. The market has so much potential for new players also because of high expected rate of growth and demand. Based on application, M2M devices are expected to dominate the global market during the forecast period. Whereas, based on vertical segment, consumer electronics is the sub-segment which is projected to dominate the market over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.6 Billion |
| Market size value in 2032 | USD 49.75 Billion |
| Growth Rate | 16.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on eSIM Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on eSIM Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the eSIM Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the eSIM Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the eSIM Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the eSIM Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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